BPTP Limited Invests ₹1,100 Crore in Luxury Residential Project in Greater Faridabad
BPTP Limited, a prominent developer, is set to invest a significant amount of ₹1,100 crore in a luxury residential project called Skynest, located in Sector 80 of Greater Faridabad. The project is expected to generate revenues of around ₹1,800 crore.
Key Features of Skynest Project
- Location: Sector 80, Greater Faridabad
- Project Cost: ₹1,100 crore (estimated)
- Estimated Gross Development Value: ₹1,800 crore
- Apartments: 325 units of 3 BHK and 4 BHK configurations
- Tower Height: Approximately 150 metres
- Apartment Sizes: 3,185 sq ft to 3,856 sq ft
- Green Building Practices: Incorporating eco-friendly features
- Lifestyle and Community Amenities: Available within the project
Market Trends and Insights
According to Knight Frank's Residential Market Update – NCR (January–March 2026), the region's housing market witnessed a moderation in activity during Q1 2026, with sales declining on a year-on-year basis. However, the market continues to be supported by underlying end-user demand, particularly in well-established micro-markets, helping maintain overall stability.
Shift towards Premium Segment
The ticket-size distribution of residential sales shows a clear shift towards the premium segment (₹2 crore to ₹5 crore), which recorded a 12% year-on-year growth and emerged as the strongest-performing category. In contrast, the sub-₹2 crore (affordable) segment saw a notable decline, reflecting changing buyer preferences.
Comment from BPTP Limited
"Skynest reflects our approach to residential development in emerging corridors such as Greater Faridabad. The project incorporates design, green features and community infrastructure within a single development framework based on current planning considerations," said Vineet Nanda, Chief Business Officer, BPTP Limited.
About BPTP Limited
BPTP Limited has a development presence across Delhi-NCR, including Faridabad, Gurugram and Noida. Its portfolio includes integrated townships, group housing, plotted developments and commercial projects.
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