Greater Noida, December 03, 2025: Sikka Group, NCR’s leading real estate developer, has tied up with Birla Estates to co-develop a group housing project in Greater Noida. The project will come up on a 5-acre land parcel owned by Sikka Group. Birla Estates will join the venture as co-developer and will invest around Rs. 500 crore. Once completed, the project is estimated to have a gross development value of nearly Rs. 1,600 crore, according to people familiar with the development.
The collaboration follows recent policy measures taken by the Greater Noida Authority to unlock long-delayed housing projects. In the legacy real estate revival policy, which was instituted recently, interest waivers and staggered payments are on offer for developers, on condition that financially sound partners step in to complete the construction and clear dues. This project is seen as a big step towards reviving the stalled residential development in the area.
The tie-up is expected to add execution strength and financial stability to the project for Sikka Group. For Birla Estates, this deal continues its approach of partnering with land-owning developers in markets where stalled developments are being revived through regulatory support.
“Greater Noida remains a market with long-term residential potential. Birla Estates brings credibility, financial depth, and execution capability. With them on board, we are confident of moving this project forward in line with the timelines and standards expected by both homebuyers and the Authority,” said Harvinder Singh Sikka, Managing Director, Sikka Group.
The project will be developed as a group housing scheme. Details pertaining to apartment configuration, pricing, and launch timelines will be announced closer to the market rollout. The partnership comes amid a wider trend of co-development arrangements in Greater Noida, with many of them being supported by institutional funding mechanisms such as the SWAMIH Fund, now seen as an important enabler to resolve legacy real estate challenges across the NCR.
Corporate Comm India (CCI Newswire)