Birla Estates Joins Sikka Group to Restart Major Greater Noida Housing

Birla Estates has entered a co-development partnership with Sikka Group to revive and build a major residential project in Greater Noida, marking a fresh move in the region’s push to restart stalled developments.

The deal places Birla Estates, a wholly owned arm of Aditya Birla Real Estate Limited, as co-developer on a 5-acre land parcel owned by Sikka Group. The company will invest Rs 500 crore in the upcoming housing project, which carries an estimated value of Rs 1,600 crore.

The planned development will be designed as group housing. Birla Estates is now firming up the configuration mix, pricing strategy, and launch timeline. The partnership is one of the first to gain traction under the new co-development policy, which allows financially strong developers to take over stalled real estate projects and raise debt based on their own net worth and credit standing.

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The collaboration also reflects the Greater Noida Authority’s recent policy drive aimed at unlocking long-delayed housing stock. Through interest waivers and staggered payment options, the legacy real estate revival policy encourages credible developers to step in, complete construction, and clear accumulated dues.

Sikka Group said the tie-up is a timely step for the project’s revival. “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.

Last month, the developer received in-principle approval from the Noida Authority for restoring benefits under the stalled project policy for its Sikka Karnam Greens project in Sector 143B. The Authority had earlier withdrawn those benefits and issued a recovery certificate for dues of about Rs 252 crore.