In a landmark collaboration, Sikka Group, one of NCR’s leading developers, has tied up with Birla Estates to co-develop a premium group housing project in Greater Noida. Spread across a 5-acre land parcel owned by Sikka Group, the project carries an estimated gross development value of ₹1,600 crore, with Birla Estates investing around ₹500 crore as co-developer.
The partnership comes on the heels of recent policy measures by the Greater Noida Authority aimed at unlocking long-delayed housing projects. Under the new revival framework, developers benefit from interest waivers and staggered payments, provided financially sound partners step in to complete construction and clear dues. This project is seen as a significant step toward reviving stalled residential developments in the region.
For Sikka Group, the tie-up adds execution strength and financial stability, while for Birla Estates, it continues a strategic approach of partnering with land-owning developers in markets where regulatory support is enabling revival.
Harvinder Singh Sikka, Managing Director, Sikka Group, said: “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.”
The project will be developed as a group housing scheme, with details on apartment configurations, pricing, and launch timelines to be announced closer to rollout.
This partnership also reflects a broader trend of co-development arrangements in Greater Noida, many of which are supported by institutional funding mechanisms such as the SWAMIH Fund, now seen as a critical enabler in resolving legacy real estate challenges across NCR.
