Noida-based developer Gulshan Group has formally launched Taj Skyscape, a 57-storey mixed-use development in Sector 129 along the Noida Expressway, in partnership with the Indian Hotels Company Limited (IHCL). The project will house a 150-key Taj Hotel – the tallest in the Taj portfolio and the first in Uttar Pradesh – alongside 74 ultra-luxury branded residences spanning approximately 7,500 square feet each.
The announcement, made on 18 March 2026, signals one of the most significant luxury hospitality and residential investments the National Capital Region has seen in recent years, with Gulshan Group committing ₹1,000 crore to the greenfield development and projecting revenue of over ₹2,000 crore from residence sales alone.
A milestone for Noida’s luxury map
The city has long existed in the shadow of Delhi’s established luxury hotel corridor, with barely one major five-star property to its name. Taj Skyscape changes that calculus materially. Puneet Chhatwal, Managing Director and CEO of IHCL, was candid about the gap the project closes. “One white spot that was missing was Noida,” he said. “This is the first of its kind in height and class. With branded residences, what we started as a journey in Chennai is finally coming to North India.”
For IHCL, it is the second branded residences project in India – following the Chennai partnership with AMPA Group announced in 2022 – and it brings the company’s Noida and Greater Noida portfolio to five hotels, including one under development.
Gulshan Nagpal, Chairman of Gulshan Group, framed the signing as a defining moment for the developer. “We are delighted to partner with IHCL to bring the iconic Taj brand to Noida, setting new benchmarks in luxury hospitality and residences,” he said. Director Yukti Nagpal added that the project represents the group’s broader ambition: “This is our statement to the industry – reimagining luxury beyond traditional boundaries by blending the glamour of hospitality with the magnanimous scale of real estate.”
What the development will offer
The 150-key Taj Hotel will feature an all-day dining restaurant, a bar, two specialty restaurants, a ballroom of over 8,000 square feet with pre-function spaces and meeting rooms for MICE demand, a swimming pool, gym, health club and the brand’s signature J Wellness Circle spa. Gulshan Group has confirmed it will retain ownership of the hotel and a penthouse unit rather than selling them.
The 74 branded residences will each span approximately 7,500 square feet, with buyers gaining exclusive access to a private residents’ club offering terraced gardens, a children’s play area, lounge spaces, sports facilities and an infinity pool. Early market uptake has been strong: approximately 50 per cent of inventory has already been sold, with apartments currently reported to be trading at around ₹35 crore per unit – a figure expected to rise considerably as the project advances.
IHCL will operate both the hotel and the residences under a management contract, bringing Taj service standards to a market that has been structurally underserved by branded luxury supply.
The infrastructure story behind the demand
The project’s location on the Noida Expressway is deliberate. Suma Venkatesh, Executive Vice President for Real Estate and Development at IHCL, pointed to the macro forces driving demand. “Noida and Greater Noida are witnessing rapid transformation with major infrastructure projects and the upcoming Jewar airport driving exponential demand,” she said. The expressway corridor has emerged as the primary axis for corporate campuses, institutions and premium residential development in the NCR, drawing high-net-worth individuals from South Delhi and MSME owners from across Noida who are now seeking address-quality luxury products at home rather than in the capital.
Construction has already commenced. Completion is targeted within five years, placing the delivery window around 2031. Gulshan Nagpal has indicated the group will pursue a second partnership with IHCL – further evidence that the developer views branded hospitality tie-ups as a repeatable strategy rather than a one-off prestige play.
