Gulshan Group has partnered with the Indian Hotels Company Ltd (IHCL), part of the Tata Group, to develop a 57-storey mixed-use project in Noida comprising a Taj hotel and Taj-branded serviced apartments, backed by an investment of ₹1,000 crore.

Noida is set to get a landmark addition to its skyline. Gulshan Group has partnered with Tata Group-owned Indian Hotels Company Ltd (IHCL) to develop Skyscape, a 57-storey mixed-use development in Sector 129 along the Noida Expressway. The project will comprise a 150-room Taj hotel and 74 Taj-branded serviced apartments, with a total investment of ₹1,000 crore and an expected revenue of approximately ₹2,000 crore. When complete, it will be India's tallest Taj Hotel and the first Taj property in Noida, Uttar Pradesh.

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. The top floor will feature a single penthouse, which will not be offered for sale.

The hotel and residential sections will have separate entrances. The hotel component will include an all-day dining restaurant, a bar, two speciality restaurants, and an 8,000 sq ft ballroom for conferences and events. The Taj-branded serviced apartments will each span approximately 7,500 sq ft. The company has not disclosed the price of the serviced apartments.

Construction has commenced, and the project is slated for completion within five years. It will be funded through internal accruals, sales collections, and financing from financial institutions.

Skyscape carries significant milestones for both Gulshan Group and IHCL. It will be the tallest Taj Hotel in India and the first Taj property in Noida. It also marks the second Taj-branded residential project in the country, after Chennai.

Puneet Chhatwal, Managing Director and CEO, IHCL, said India's rising affluence levels are driving demand for luxury products and services, including branded residences in urban centres. Chhatwal said the development will set a new benchmark for luxury in the National Capital Region, adding that IHCL is pleased to move forward with its partnership with Gulshan Group.

Referring to the branded residences journey that began in Chennai, Chhatwal said, "One white spot that was missing was Noida."

For Gulshan Group, Skyscape represents a bold bet on Noida's evolving luxury real estate narrative. Gulshan Nagpal, Chairman, Gulshan Group, said the project is aimed at creating a benchmark development for generations to come. Nagpal said the ₹1,000 crore investment is aimed at creating an iconic development and one of India's most distinctive branded serviced apartment offerings.

Yukti Nagpal, Director, Gulshan Group, described the project as the company's statement to the industry. Yukti Nagpal said the project is the company's statement to the industry, blending hospitality and real estate to reimagine luxury, with the aim of creating a global-standard address and one of the most iconic landmarks in the country.

Nagpal also indicated that the group plans to partner with Taj for similar serviced apartment projects across other micro-markets.

The project is expected to attract high-net-worth buyers across several profiles, including Noida-based families looking to upgrade to serviced apartment living, South Delhi residents relocating to Noida, MSME owners, logistics entrepreneurs drawn by the proximity to the upcoming airport, and senior corporate executives.

Skyscape is more than just a real estate project, it is a statement about Noida's growing ambitions as a luxury destination. With India's tallest Taj Hotel, 74 Taj-branded serviced apartments, and a ₹1,000 crore investment backed by two of India's most recognised names in real estate and hospitality, the development is set to redefine the luxury benchmark in the National Capital Region. For buyers and investors tracking India's premium real estate market, Skyscape is a project worth watching closely.