Sector 129 is not an incidental location for Gulshan Group. The group's registered address sits at Gulshan One29, 7th Floor, Plot No. C3-E1, Sector-129, Noida, making this sector the operational heart of the developer rather than just another launch site. It is here, on the Noida Expressway, that Gulshan has chosen to place its most ambitious undertaking yet: a partnership with the Indian Hotels Company Limited (IHCL) to build a Taj hotel and Taj Branded Serviced Apartments, marketed by the developer as Taj Skyscape, and registered with UP-RERA under the project name The G.
Gulshan Group has announced a landmark collaboration with Indian Hotels Company Limited (IHCL) to bring a Taj hotel and Taj Branded Serviced Apartments to Noida, with a total development investment of approximately Rs 1,000 crore. The project, set to become the tallest Taj hotel in India, is projected to generate total revenue of around Rs 2,000 crore. Skyscape is a 57-storey development located in Sector 129 along the Noida Expressway, built on a 10,500 sq metre land parcel acquired by Gulshan Group in 2021.
The project will house a 150-room Taj hotel on its lower floors and 74 Taj-branded serviced apartments spanning the 17th to the 56th storey, with two apartments per floor, and a single penthouse on the top floor that will not be offered for sale. The hotel and residential sections have separate entrances, and the Taj-branded serviced apartments will each span approximately 7,500 sq ft. Guests at the hotel will have access to premium dining options, including an all-day dining restaurant, a bar, and two specialty restaurants, alongside an 8,000 sq ft ballroom with pre-function areas and versatile meeting rooms for conferences and celebrations. Wellness and recreation will be integral to the guest experience, with a swimming pool, gym, health club, and Taj's J Wellness Circle.
For IHCL, the project extends a branded residences push that began outside Noida. It also marks the second Taj-branded residential project in the country, after Chennai. The project is registered with UP-RERA, with the registration recorded as UPRERAPRJ794678/09/2024, dated September 2024.
Gulshan Group's decision to build its most identity-defining project a few floors from its own headquarters reflects a pattern set over 35 years. Founded in 1989 by Late Shri Gulshan Arora, Gulshan Group has developed several landmark projects such as Gulshan Botnia, Gulshan Bellina, Gulshan Vivante, Gulshan Ikebana, and Gulshan Homz. For over three decades, Gulshan Group has been synonymous with integrity, refined craftsmanship and enduring excellence in real estate, with a proven track record of delivering over 10 million sq ft of residential and commercial space across Noida, Greater Noida, and Ghaziabad.
The Nagpal family runs the group today, with the second generation actively steering its luxury pivot. Yukti Nagpal, Gulshan's daughter, serves as Director of Gulshan Homz, and the group has delivered more than 10 million square feet of residential and commercial space across Noida and the NCR — a meaningful milestone for a privately-held, single-city-focused developer. The group's Noida Expressway portfolio near Sector 129 includes Gulshan Vivante in Sector 137, Gulshan Ikebana in Sector 143, and Gulshan Dynasty in Sector 144 — an ultra-luxury 4 BHK project where construction was completed and possession for initial units commenced in March 2025, reflecting the builder's commitment to delivery. In an earlier test of financial resilience, Gulshan Group cleared its Rs 125 crore debt to the ASK Property Fund ahead of schedule in November 2022, and also completed rescue and revival of two stuck Jaiprakash Associates projects in Noida — a significant credibility-builder in the market.
Sector 129 also carries Gulshan's commercial signature. Gulshan One29 in Sector-129, Noida is a one-of-its-kind project spread across 1.83 acres, functioning as a retail, dining, and entertainment anchor for the sector and reinforcing the developer's presence here beyond residential product. The Taj partnership builds directly on that footprint, and forms part of a wider Rs 3,300 crore investment across five NCR projects for FY2026-27, of which three are in Noida and one in Ghaziabad.
Sector 129's fundamentals explain why Gulshan chose this address for its most consequential launch. The sector is well connected to several major roads and highways, facilitating smooth connectivity to Noida, Delhi and neighbouring cities via Dadri Road, the Greater Noida Expressway, Noida Extension, the Yamuna Expressway, DND Flyway, Kalindi Kunj road, the Delhi-Meerut Expressway, and NH-24. The sector sits next to the commercial hubs of Sector 132 and 135, while the IT parks of Sector 128, 142 and 144 are within 10 km, and Sector 142 station on the Aqua Metro Line is just 4 km away. Corporates such as Adobe, Sify, HDFC, and Infosys operate nearby, alongside institutions like Genesis Global, Step by Step, JBM, and DPS, feeding sustained residential and hospitality demand.
Pricing in the sector has moved in step with this demand. In the last five years, there has been a 110 percent increase in property prices in Sector 129, and it is expected to grow further in the upcoming five years, with the corridor's broader momentum reflected in Anarock data showing average housing prices on the Noida Expressway rising to Rs 8,400 per sq ft, up from Rs 5,075 per sq ft. Reputed schools such as DPS and JBM Global are within 5 km, and hospitals including Yatharth, Max and Felix are within a 6 km radius, giving the sector the social infrastructure that a hospitality-anchored address like Taj Skyscape depends on for both residents and hotel guests.
For a Gulshan buyer, Sector 129 offers something distinct from the developer's earlier Noida Expressway launches: a project where the address is managed to a global hospitality standard rather than a conventional residents' welfare model. Yukti Nagpal has indicated that the group plans to partner with Taj for similar serviced apartment projects across other micro-markets, suggesting Sector 129 is the template rather than a one-off. The project is expected to attract high-net-worth buyers across several profiles, including Noida-based families upgrading to serviced apartment living, South Delhi residents relocating to Noida, MSME owners, logistics entrepreneurs drawn by proximity to the upcoming airport, and senior corporate executives. With construction underway and Gulshan's own headquarters a short walk from the site, the project sits at the intersection of the developer's history in the sector and its stated ambition to move into branded, ultra-luxury real estate.
