COMPETITIVE · INDIA
Gulshan builds Taj hotel and residences in Noida
Change
Gulshan Group will invest Rs 1,000 crore to develop a Taj-branded complex in Noida comprising a 150-key hotel and 74 apartments; construction has begun and completion is expected in five years.
Why it matters
Gulshan Group will invest Rs 1,000 crore in the development. The project comprises a 150-key luxury hotel and 74 apartments. Construction has begun. Completion is scheduled in five years. The development is described as the tallest Taj Hotel and the brand's first presence in Noida.
Implications
- · Adds high-end hotel and residential inventory in Noida.
- · Commits the project to a five-year construction and delivery timetable.
- · Establishes a Taj-branded hotel presence in Noida.
Who is affected
- · Hospitality operators
- · Real estate developers
- · Construction contractors
- · Property investors
What to watch
- · Completion expected in five years
Source
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