Gaurs Group has acquired a 12-acre land parcel on the Yamuna Expressway to develop a premium residential project with an investment of about Rs 14 billion. The upcoming development will feature high-rise luxury residences with integrated amenities designed for modern homebuyers, the company said.The developer, which launched its 250-acre Gaur Yamuna City township in 2014, said the project marked another milestone in its long-standing presence in the region. The township today houses more than 10,000 residents.“Our association with Yamuna Expressway goes beyond business, it is a commitment built on vision and belief. We were among the first to invest in the region, even when the airport was just a dream. With the imminent operationalisation of the airport, this region is set for exponential growth. Yamuna Expressway is the city of the future, and we are proud to be shaping it,” said Manoj Gaur, CMD, Gaurs Group.The company has taken possession of the plot and applied for map sanctions and approvals. The project will be registered with RERA before sales begin.“Sector 22-D is one of the most promising sectors along the Yamuna Expressway and is fast emerging as a future-ready destination for premium housing. With this investment, we are strengthening our footprints on Yamuna Expressway; this new project will have a potential topline of about Rs 20 billion. We are also exploring the acquisition of more land parcels along the Expressway,” said Sarthak Gaur, director, Gaurs Group.The Yamuna Expressway region is witnessing rising industrial, institutional, hospitality and commercial activity alongside residential growth. To date, Gaurs Group has developed more than 65 million sq. ft., delivered 75,000 units and 70 projects, including three townships.News source: Hindustan Times