Gaurs Group

Gaurs Group eyes ₹2k cr from sale of flats in new Yamuna Expressway project

Realty firm Gaurs Group is expecting a revenue of around Rs 2,000 crore from its new premium housing project in Yamuna Expressway region on strong demand, its director Sarthak Gaur said. Gaurs Group, one of the leading real estate developers in the Delhi-NCR market, has already developed a 150-acre township on Yamuna Expressway. On Friday, Gaurs Group launched the first phase of its new housing project in the Yamuna Expressway region, Gautam Buddha Nagar district. Gaur said the company will develop around 950 units, with a saleable area of 20 lakh square feet, in the first phase of this 12-acre project. Another 250 units will come up in the second phase. "We are expecting a revenue of around Rs 2,000 crore from the first phase," Gaur said. Gaurs Group has launched this project at a basic selling price (BSP) of Rs 8,000 per sq ft. The price of an apartment starts from Rs 1.9 crore. Sarthak said the company is witnessing good response from customers for this green project with lot

Gaurs Group sells nearly 200 luxury homes for Rs 1,300 cr at Greater Noida

Realty firm Gaurs Group has sold nearly 200 apartments in its new luxury housing projects in Greater Noida for Rs 1,300 crore amid strong consumer demand. Gaurs Group has launched a luxury residential project 'Legacy by Gaurs', comprising around 250 units, at Jaypee Greens, Greater Noida. "The first phase of the project has generated Rs 1,300 crore in sales, with nearly 200 apartments sold," the company said in a statement on Saturday. The project features spacious residences in two configurations: 3,500 sq ft and 4,700 sq ft, across four towers, comprising a total of about 250 apartments. Gaurs Group Director Sarthak Gaur said, "The overwhelming response to 'Legacy by Gaurs' is a true reflection of the trust and confidence homebuyers have in us. For over 30 years, we've focused not only on delivering homes but on creating long-term value for our customers." He said the group has delivered nearly 50,000 units in the last decade alone. Gaurs Group will invest about Rs 750 crore to

Gaurs Group to invest Rs 750 cr on new housing project in Greater Noida

Realty firm Gaurs Group will invest about Rs 750 crore to develop a luxury housing project in Greater Noida to expand its business amid strong demand for residential properties. Gaurs Group Chairman and Managing Director (CMD) Manoj Gaur said the company will develop around 250 units in this new housing project. "We will soon be launching a new housing project in Greater Noida. The project will have 12 lakh square feet of developable area," he told PTI. Asked about project cost, Gaur said it will be around Rs 750 crore, including land and construction costs. The company had bought this land located at Jaypee Greens in Greater Noida from banks. Gaurs Group is already developing one project at the same location. Gaur, who is also Chairman of realtors' apex body CREDAI, said the demand in Noida and Greater Noida remains strong, and there is a lack of adequate supply. Last month, Gaurs Group said it would develop a 17-acre commercial project in Noida with an investment of Rs 4,000 cr

Gaurs Group plans IPO in next 18 months to tap growth potential: CMD

Realty firm Gaurs Group is planning to launch its Initial Public Offering ( IPO) in the next 18 months as it looks to expand business amid strong consumer demand, its CMD Manoj Gaur said on Tuesday. Byoued by the successful launch of its luxury housing project in Ghaziabad clocking Rs 3,100 crore sales in three days, Gaur said the company has set a target to expand its business of development of housing projects across the Delhi-NCR market. He said the company will also develop commercial assets, including malls, hotels, office spaces and schools/colleges to generate stable rental income. "We are planning to launch our IPO in the next 18 months. Internally, we have started the preparation to get listed on the stock exchanges," Gaur told PTI. He noted that both property and stock markets are performing well. "We strongly believe that demand in the real estate market will continue to be strong. So, there is a huge potential for expansion and growth," said Gaur, who is also Chairman

Gaurs Group to invest Rs 1,600 crore to build luxury flats in Ghaziabad

Realty firm Gaurs Group will invest around Rs 1,600 crore to develop a new luxury housing project in Ghaziabad, Uttar Pradesh, as part of its plan to expand business amid strong demand. The company has already launched and sold all 1,216 apartments in this project 'Gaur NYC Residences', which is spread over 12-acre land in Ghaziabad. "We have sold the entire 1,200 units within three days of launch. The total sales value we generated was Rs 3,100 crore," Gaurs Group Chairman and Managing Director (CMD) Manoj Gaur said. Gaur, who is also Chairman of realtors apex body CREDAI, highlighted that there was a huge demand for this project and the company received more than 3000 expressions of interest from customers who wanted to purchase. "For transparency, we allotted the flats through lottery conducted live on YouTube platform," Gaur said. When asked about project cost, he said the total investment will be around Rs 1,600 crore and out of that Rs 1,200 crore would be on pure constructi

Gaurs Group forays into energy sector with 15 MW solar power project in UP

The company shared that this will result in a reduction of 18 thousand tonnes of carbondioxide equivalent annually

Gaurs Group sets up 15 MW solar power plant in Madhya Pradesh at Rs 80 cr

Realty firm Gaurs Group has set up a 15 MW solar power plant near Gwalior in Madhya Pradesh with an investment of Rs 80 crore. The electricity produced by the plant will be integrated into the central grid and utilised for its real estate projects, the company said in a statement. Delhi-NCR-based Gaurs Group has established a 15 MW solar power plant at Mahoba near Gwalior. The project is spread over a 50-acre area. "Built with an investment of Rs 80 crore, the plant will generate 2.25 crore units of electricity annually. The project's capacity can be enhanced as per future requirements," the statement said. The project has been financed through private equity and funding of Rs 55 crore from SBI. Manoj Gaur, Chairman and Managing Director of Gaurs Group, said the company has completed the 15 MW Mahoba solar power project and dedicated it to the nation on World Environment Day. "The minimum useful life of the plant is 26 years. However, it has the potential to operate beyond the ..

Gaurs group aims Rs 650 cr sales revenue from new mixed-use project

Realty firm Gaurs Group on Friday said it will develop a new mixed-use project at Ghaziabad with an estimated sales revenue of Rs 650 crore. In a statement, the company said it will develop a "mixed land use joint venture project in Ghaziabad with a saleable value of approximately Rs 650 crore." The project, located near Hindon airport civil terminal, will comprise high-street retail with multiplex and banquets, studio apartments and social housing. Under the project, over 450 shops, 400 studio apartments and around 600 social housing units will be developed. Veshesh Gaur, Director, Gaurs Group, said: "We have been increasing our foothold in the retail sector, and have been successfully operating 2 malls, one each in Ghaziabad and Noida Extension, having tie-ups with more than 100 national and international brands." "With gradual increase in the number of flights from the civil terminal at Hindon airport, it has provided a major boost to the entire sector which is densely populated

Gaurs Group clocks Rs 400 cr sales booking in Q2; small drop from last year

Realty firm Gaurs Group on Saturday reported a marginal 5 per cent fall in sales booking at Rs 401 crore during July-September, despite demand slowdown in the housing market due to Covid-19

Gaurs group sold 1,350 properties worth Rs 520 crore during Q1FY20

Gaurs group achieved a 25% increase in sales bookings at nearly Rs 4,000 crore during the last financial year

Gaurs Group Q2 sales bookings jump six-fold to Rs 1,320 cr in NCR

MD Manoj Gaur expected that the company would achieve significant increase in sales bookings during this financial year

Gaurs group enters affordable housing, to invest Rs 10 bn on Delhi-NCR

The price range of these flats will be in the Rs 1.5-2.5 million range