Sikka Group and Birla Estates Join Forces to Revive ₹1,600 Crore Group Housing Project in Greater Noida

Sikka Group, a leading real estate developer in NCR, has partnered with Birla Estates to co-develop a group housing project in Greater Noida. The project will be built on a 5-acre land parcel owned by Sikka Group, with Birla Estates investing around ₹500 crore. Once completed, the project is expected to have a gross development value of nearly ₹1,600 crore.

The collaboration follows recent policy measures by the Greater Noida Authority aimed at unlocking long-delayed housing projects. The legacy real estate revival policy, instituted recently, offers interest waivers and staggered payments to developers, provided that financially sound partners step in to complete the construction and clear dues. This project is seen as a significant 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 aligns with its strategy 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 of Sikka Group.

The project will be developed as a group housing scheme. Specific details regarding apartment configuration, pricing, and launch timelines will be announced closer to the market rollout. The partnership comes amid a broader trend of co-development arrangements in Greater Noida, with many of them supported by institutional funding mechanisms such as the SWAMIH Fund. This fund is increasingly recognized as a crucial enabler in resolving legacy real estate challenges across the NCR.

The collaboration between Sikka Group and Birla Estates is a testament to the growing confidence in the real estate sector, particularly in regions like Greater Noida, where regulatory support and financial backing are fostering a more stable and promising market environment for developers and homebuyers alike.