Gulshan Group Announces ₹3,300 Crore Investment Plan for Five NCR Projects in FY2026-27
Gulshan Group Outlines ₹3,300 Crore Expansion Across NCR Footprint
Gulshan Group intends to invest approximately ₹3,300 crore to develop five projects in the National Capital Region during the financial year 2026-27, as it seeks to enhance its presence in both the luxury and mid-income housing sectors.
Taj Hotel and Serviced Apartments in Sector 129
The company plans to allocate around ₹1,000 crore for the development of a Taj-branded hotel and serviced apartments project in Sector 129, Noida, in collaboration with Indian Hotels Company (IHCL). This development will feature a 150-room luxury hotel and 74 serviced apartments, with unit sizes of approximately 7,500 sq ft.
The anticipated price range for the apartments is between ₹35 crore and ₹100 crore. The project is being constructed on a 10,500 sq meter land parcel that was acquired in 2021 and is projected to be completed within the next four to five years. Gulshan Nagpal, the chairman of the company, stated, "The company anticipates generating around ₹2,000 crore in topline revenue from the serviced apartment segment.
Four Additional Projects in FY2026-27
In addition to this project, the company intends to initiate four more projects in FY27, comprising three in Noida and one in Ghaziabad, with a total investment of approximately ₹2,300 crore. Of this amount, the Noida projects will represent around ₹1,600 crore, while the Ghaziabad initiative will involve an investment of about ₹700 crore. The forthcoming launches will be distributed across various segments, featuring a combination of luxury and mid-income housing developments.
Developer Context
Gulshan Group has been serving the Noida market for more than 35 years. Gulshan Group has delivered more than 10 million square feet of residential and commercial space across Noida and the NCR. The remaining four projects comprise three in Noida and one in Ghaziabad, representing investments of ₹1,600 crore and ₹700 crore respectively.
The company has developed many residential and commercial properties in Noida, Greater Noida, and Ghaziabad. The group's expansion plan reflects confidence in NCR's residential market trajectory and its established presence across the region's premium and mid-segment product categories.