Real estate major Hiranandani Group announced plans to enter chip manufacturing with a proposed Rs 28,440 crore facility in Noida, part of a larger Rs 69,000 crore commitment across sectors, shared alongside investors including Avaada, UltraTech and Tata Power Renewable Energy at the Invest UP Roundtable.
When conglomerates from outside the traditional tech sector start betting this heavily on Noida specifically for semiconductors, it signals that the city is being taken seriously as a manufacturing destination, not just a housing market.
For buyers, a proposed plant of this size is a long-horizon jobs signal. The honest framing is that it is an announced plan at this stage – a big and encouraging one – so weigh it as evidence of Noida’s industrial direction rather than a committed, breaking-ground project.
Sources: DNA India (May 27, 2026)
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