The 3C Company's Ambitious Project in Noida
Delhi One: A Luxury Hub
The 3C Company, a prominent real estate firm, is set to invest a staggering Rs 3,500 crore in Delhi One, an expansive project situated in Noida. This monumental undertaking will feature a 5-star hotel managed by the renowned Four Seasons Hotels and Resorts, alongside branded residential units.
Background
In 2011, The 3C Company had announced its joint venture with Four Seasons for the management of the hotel and 190 opulent residences, each bearing a price tag of over Rs 20 crore.
Project Details
- Regulatory Approvals: All necessary regulatory approvals, including the green nod, have been secured for the project.
- Project Scope: Delhi One encompasses a hotel, branded residences, retail chains, and office spaces, spread across 12.5 acres of land.
- Development Area: Approximately 3.6 million sq ft of area will be developed, including:
- 2 million sq ft of office spaces
- 3,00,000 sq ft of retail chains
- Residential Specifications:
- Cost: Approximately Rs 23,000-27,000 per sq ft
- Flat Size: About 7,600 sq ft
- Completion Timeline: Estimated completion by the end of 2016
Growing Trend of Branded Residences in India
The concept of branded residences is gaining traction in India, as evidenced by:
- IREO's Partnership with Hyatt Hotels for Grand Hyatt residences in Gurgaon
- Super Tech's JV with Armani Group for interior designing of super luxury residences in Noida
- Lodha Developers' Tie-Up with Donald Trump for Trump branded residences in the country