Over the last decade, Noida has established itself as a frontrunner in India’s real estate sector. Today, we will discuss a project renowned not only within India but across the globe the Taj, a distinguished brand under the Tata Group. The Indian Hotels Company Ltd IHCL has signed an agreement to develop a Taj hotel in Noida, accompanied by Taj-branded residences. Under this management contract, this greenfield development will feature branded residences integrated as part of the hotel complex.
The project is situated in Sector 129, located along the Noida-Greater Noida Expressway, and will comprise 150 guest rooms and 74 branded luxury residences. The hotel will feature an all-day dining restaurant, a bar, and two specialty restaurants. For residents of Noida or the Delhi-NCR region, hosting a grand party whether for a major social gathering, a prominent business figure, or a leading politician at the Taj is considered a matter of great prestige and honor. The hotel will house a ballroom spanning over 8,000 square feet, complemented by a pre-function area and various meeting rooms. Guests will have access to a wide array of recreational amenities, including a swimming pool, a gymnasium, a health club, and the Taj’s signature J Wellness Circle.
The Taj-branded residences, featuring spacious homes exceeding 7,500 square feet, will redefine luxury living; residents will enjoy exclusive access to a dedicated ‘Residents’ Club,’ which includes a terrace garden, a children’s play area, a lounge, sports facilities, and an infinity swimming pool. With the addition of this property, IHCL’s portfolio in Noida and Greater Noida will expand to a total of five hotels, one of which is currently under development.
News Source – Times of India
NOIDA: Realty firm Gulshan Group on Wednesday announced a Rs 1,000 crore investment to develop a Taj-branded hotel and residences in Noida, marking a major expansion in the luxury segment. The company has partnered with Indian Hotels Company Ltd (IHCL), which will manage the project comprising a 150-key luxury hotel, 74 serviced apartments, and a penthouse. Construction has already begun, and the project is expected to be completed within five years. While the hotel and penthouse will be retained by the developer, the residences are projected to generate over Rs 2,000 crore in revenue. Located in Sector 129 along the Noida Expressway, the greenfield development will be the first Taj hotel in Noida and is set to be the tallest under the brand. It will also mark IHCL’s second Taj-branded residential project in India. The serviced apartments, each spanning around 7,500 sq ft, are positioned in the ultra-luxury segment, reflecting growing demand for premium living spaces in urban centres. IHCL MD and CEO Puneet Chhatwal said rising affluence and India’s position among the top global economies are driving demand for luxury hospitality and branded residences, with the project expected to set a new benchmark in the NCR.
The Gulshan Group stated that the robust demand for luxury housing in Noida is becoming the foundation of this development, as people now not only possess financial means but also demonstrate a growing inclination towards luxury and brands. This Delhi-NCR-based developer has completed over 10 residential and commercial projects to date. IHCL, a part of the Tata Group founded by Jamsetji Tata, operates a portfolio of 620 hotels worldwide, 255 of which are currently in the development phase.
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