Bengaluru based developer Sobha Ltd will invest about Rs 8 billion in a new luxury residential scheme in Greater Noida, expanding its footprint in the Delhi NCR market.

Branded Sobha Aurum, the project comprises two towers of more than 45 storeys and 420 premium flats in Sector 36. Prices start at Rs 11.2 million for a one bedroom home, rising to Rs 34.8 million for a four bedroom unit. Select apartments feature private terraces and corner balconies.

Sobha acquired the 3.46 acre plot for roughly Rs 1.6 billion at auction and expects total development outlay to reach about Rs 8 billion. With a build potential of 0.93 million sq ft, the scheme already holds all statutory approvals.

More than 2.5 acres will remain as landscaped open space, including a 15,072 sq ft clubhouse, lap and leisure pools, a children’s play area, a multi sport court and an exhibition lawn.

The company’s Managing Director, Jagadish Nangineni, said entering Greater Noida “marks a significant new chapter” and will set a fresh benchmark for luxury living in the region. Sobha previously delivered Sobha International City on the Dwarka Expressway in Gurugram; Aurum is its first Greater Noida venture and fifth project in Delhi NCR.