NEW DELHI: Real estate firm The 3C Company said it will infuse Rs 3,500 cr on developing a project which comprising a 5-star hotel and branded residential units in Noida, to be managed by Four Seasons Hotels and Resorts.

In 2011, the Noida-based realty major had stated its JV with Four Seasons for management of its hotel and 190 residences, each costing more than Rs 20 crore.

All the regulatory approvals, including the green nod, have been taken for the project. The project named Delhi One which comprises hotel, branded residences, retail chains and office spaces.

The investment on Delhi One will be around Rs 3,500 cr spread over 12.5 acres of land. About 3.6 million sq ft area would be developed, adding 2 million sq ft of office spaces and 3,00,000 sq ft of retail chains.

The residential cost would be around Rs 23,000-27,000 per sq ft and the flat size is about 7,600 sq ft. The project is estimated to be complete by 2016 end.

The idea of branded residences are growing in India as earlier this year, PE Firm IREO had entered into contracts with Hyatt Hotels for Grand Hyatt residences in its large township in Gurgaon.

Super tech JV with Italian fashion brand Armani group for interior designing of 100 super luxury residences at Noida.

Recently, Mumbai-based Lodha Developers has also followed the trend by tying up with US-based Donald Trump to bring Trump branded residences in the country.