- IHCL and Gulshan plan a 57‑floor Taj Hotel and apartment project in Noida.
- The project involves a $120M investment and is slated for completion in 2031.
- The 150-room hotel will include an 8,000‑square feet ballroom.
INDIAN HOTELS CO. Ltd. and Gulshan Group plan a 57‑floor project featuring a 150‑room Taj Hotel and 74 Taj-branded apartments. The project along the Noida Expressway involves an investment of around $120 million and is expected to be completed by 2031.
The partnership with Taj strengthens Gulshan’s focus on projects that meet global standards, the company said in a statement. The Noida-based firm, led by Chairman Gulshan Nagpal, has delivered more than 10 million square feet of residential and commercial space across Noida and the NCR.
“This collaboration represents more than a partnership — it is a convergence of two legacy-driven brands committed to excellence,” Nagpal said. “Bringing Taj to Noida under Gulshan’s vision shapes the city’s luxury narrative and delivers an address that will set a benchmark for generations. We are investing Rs 1,000 crores (more than $120 million) to make it both iconic and one of India’s first branded serviced apartment projects.”
The Taj hotel will feature an 8,000‑square feet ballroom, pool, gym, health club and J Wellness Circle, the statement said. The project will also include 74 Taj Branded Serviced Apartments, each around 7,500 square feet. The investment will be financed mainly through internal accruals, sales collections and debt raised via financial institutions.
Puneet Chhatwal, IHCL managing director and CEO, said India is among the top five global economies and rising affluence is driving demand for luxury products and branded residences in urban centres.
“The unveiling today of this landmark Taj hotel and branded residences development will set a benchmark for luxury in the National Capital Region,” he said. “We are delighted to progress this partnership with the Gulshan Group.”
In February, IHCL’s portfolio grew to 615 hotels, with 255 more in the pipeline. The company is pursuing growth under its Accelerate 2030 strategy, focusing on portfolio expansion, brand diversification and asset-light development.
