What Gulshan Group does

Gulshan Group is a privately held real estate development company founded in 1989 and headquartered in Noida, India. The company develops premium and luxury residential projects (2BHK to 4BHK apartments, villas, and duplexes), commercial properties, and — most recently — ultra-luxury branded hospitality residences. Its portfolio spans 10+ projects along the Noida-Greater Noida Expressway corridor, including Gulshan Dynasty (IGBC Platinum-certified wellness residences), Gulshan Botnia, Gulshan Bellina, Gulshan Ikebana, Gulshan Avante, Gulshan Vivante, and the flagship Taj Skyscape. The company has delivered 11.35 lakh square meters and has 1.45 lakh square meters under construction, serving over 7,500 families.

The company's underlying technology focuses on wellness-centric design (biophilic elements, meditation gardens, TFA outlets with HEPA filters, solar power, STP, rainwater harvesting), smart home integration (Society App, Home Konnect), and sustainable construction practices. In 2024, Gulshan entered the branded hospitality segment through a strategic partnership with Indian Hotels Company Limited (IHCL) to develop India's tallest Taj hotel and NCR's first Taj-branded serviced residences in Noida Sector 129 — a Rs 1,000 crore investment targeting Rs 2,000 crore in revenue from 74 units priced at Rs 35-40 crore each.

Gulshan generates revenue primarily through one-time property sales (residential and commercial), with residential apartments priced between Rs 25,000-35,000 per square foot and ultra-luxury Taj-branded residences at Rs 35-40 crore per unit. The company sells through direct field sales, RERA-registered real estate agents, and the Taj Hotels distribution network for branded residences. Its customer base comprises HNIs and UHNIs in Delhi-NCR plus NRI investors. Leadership is family-run, with Directors Yukti Nagpal, Deepak Kapoor, and Divam Kapoor overseeing brand management, strategic outlook, and operations respectively.

Name

Gulshan Group

Legal name

Gulshan Group

Website

https://gulshangroup.com

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Gulshan Group is a privately held luxury real estate developer founded in 1989 in Noida, India, building premium residential, commercial, and Taj-branded hospitality projects for HNI and UHNI buyers across the Delhi-NCR region, with 7,500+ families served.

Ownership category

akta.pro rank

Headquarters

HQ city

Noida

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Revenue model

1. Residential Property Sales: Gulshan Group generates primary revenue through the sale of residential apartments and villas. The company develops and sells luxury and ultra-luxury residential projects including 2BHK, 3BHK, and 4BHK apartments, as well as premium residences in projects like Gulshan Dynasty, Gulshan Botnia, Gulshan Bellina, Gulshan Ikebana, Gulshan Avante, and Gulshan Vivante. Revenue is recognized upon property possession or completion.
2. Commercial Property Sales: The company also develops and sells commercial spaces including retail outlets, office spaces, and entertainment facilities as seen in Gulshan One29, their first commercial project featuring a multiplex theatre, food court, and retail spaces.
3. Hospitality Branded Residences: Through the Taj Skyscape partnership with IHCL, Gulshan Group develops and sells Taj-branded serviced apartments and residences. The company invests approximately Rs 1,000 crore in these projects and targets over Rs 2,000 crore in revenue from sale of 74 ultra-luxury serviced residences and penthouses, with construction expected to complete within five years.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

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Product overview

Gulshan Group is a luxury real estate developer in Delhi-NCR (Noida, Greater Noida) offering residential apartments (2-4 BHK), commercial spaces, and hospitality projects. Their residential portfolio includes mid-range (Gulshan Botnia, Gulshan Bellina) and ultra-luxury offerings (Gulshan Dynasty, Gulshan Avante, Taj Skyscape). The commercial segment features Gulshan One 29 retail and office spaces. A key differentiator is their Taj Hotels partnership for branded serviced residences (Taj Skyscape). Projects are concentrated along the Noida Expressway corridor with focus on wellness amenities, smart home features, and sustainable design.

Differentiator

Problem solved

Functional benefit

Brands

• Taj Skyscape: Taj-managed luxury serviced apartments and hotel project in Sector 129, Noida - a 56-storey landmark development with 150-key Taj hotel and 74 branded residences, developed in partnership with IHCL
• Gulshan Dynasty
• Gulshan Botnia
• Gulshan Ikebana
• Gulshan Avante
• Gulshan Bellina
• Gulshan One29
• Gulshan Vivante

Quantifiable outcome

• 100% on-time delivery track record across all projects
• +3 more outcomes

Named customers1 record

Segments3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Indian Hotels Company Limited (IHCL)flagshipStrategic or Co-development Partner · 18 March 2026Gulshan Group partnered with Indian Hotels Company Limited (IHCL) to develop a Rs 1,000 crore Taj hotel and Taj-branded serviced residences project in Noida's Sector 129. The project includes India's tallest Taj hotel with 150 rooms and 74 Taj-branded luxury serviced residences. Gulshan Group will invest Rs 1,000 crore and target over Rs 2,000 crore in revenue from sales of ultra-luxury residences priced in the Rs 35-40 crore range. Construction is expected to complete within five years (by 2031). This is the first Taj hotel and first Taj-branded residences in NCR.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Regional players

• Brigade Group: Large Indian real estate developer primarily active in South India (Bengaluru, Chennai, Hyderabad). Comparable in product mix (luxury residential, branded developments) but operates in a different geography from Gulshan.
• Sobha Limited: Premium and luxury residential developer with national presence anchored in Bengaluru. Comparable in product quality and luxury-segment positioning, but with limited overlap in Delhi-NCR.

Direct peers

• CRC Group: Noida-based real estate developer with residential and commercial projects in Delhi-NCR. Comparable in scale, geography, and mid-premium to luxury product mix to Gulshan Group.
• Mahagun Group: Delhi-NCR real estate developer with luxury residential projects in Noida and Greater Noida. Closely comparable in product configuration (3-4 BHK luxury), buyer segment, and Expressway-corridor locations.
• ATS Group: Noida-based real estate developer focused on luxury and ultra-luxury residential projects in Delhi-NCR. Closely comparable to Gulshan in product mix (high-end apartments), geography, and buyer segment.
• Gaurs Group: Noida-anchored developer with significant residential and commercial portfolio in Greater Noida West. Competes head-to-head with Gulshan in mid-premium to luxury segments in the same micro-markets.
• Godrej Properties: One of India's largest listed real estate developers with significant presence in Delhi-NCR luxury and premium residential. Directly competes with Gulshan in the Noida/luxury segment but operates at national scale with stronger brand and capital base.

Broad incumbents

• Macrotech Developers (Lodha): India's largest listed residential real estate developer with national luxury and premium portfolio. Competes in luxury tier with branded-residence partnerships, but at much larger scale than Gulshan.
• DLF Limited: India's largest real estate developer with a broad luxury and premium residential portfolio including Delhi-NCR. Overlaps with Gulshan's luxury positioning in Noida/Gurugram but operates at vastly greater scale and is publicly listed.
• Oberoi Realty: Mumbai-focused luxury and ultra-luxury developer with branded residential projects. Comparable in luxury positioning and partnership-driven model (e.g., Ritz-Carlton, St. Regis), but geographically distinct from Gulshan's Noida base.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/c/GulshanHomz1
• Facebookfacebook.com/GulshanGroupofficial
• LinkedInlinkedin.com/company/gulshan-group-noida
• Instagraminstagram.com/gulshanavanteofficial

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gulshan Group