Gaurs Group Sells Nearly 200 Luxury in Greater Noida
Real Estate

Gaurs Group Sells Nearly 200 Luxury in Greater Noida

Realty firm Gaurs Group announced that it had sold nearly 200 apartments in its new luxury housing project in Greater Noida for Rs 13 billion, driven by strong consumer demand. The company had launched a luxury residential project named Legacy by Gaurs, which includes around 250 units at Jaypee Greens, Greater Noida.

According to a statement from the company, the first phase of the project had generated Rs 13 billion in sales, with almost 200 apartments sold. The project features spacious residences in two configurations: 3,500 sq ft and 4,700 sq ft, spread across four towers, with a total of around 250 apartments.

Sarthak Gaur, Director of Gaurs Group, expressed that the overwhelming response to Legacy by Gaurs was a true reflection of the trust and confidence that homebuyers had in the company. He added that, for over 30 years, the company had focused on delivering not just homes, but long-term value to its customers. Gaur also mentioned that the group had delivered nearly 50,000 units in the past decade alone. He further noted that the company would invest approximately Rs 750 crore to develop this luxury housing project in Greater Noida.

Gaurs Group Chairman and Managing Director, Manoj Gaur, had also stated that the company would soon launch a new housing project in Greater Noida, which would cover 12 lakh sq ft of developable area. He mentioned that the project would cost around Rs 7.5 billion , including land and construction expenses. The company had acquired the land from banks and was already developing another project at the same location.

As the chairman of the realtors' apex body, CREDAI, Manoj Gaur commented that demand in Noida and Greater Noida remained strong, but there was a lack of sufficient supply in the market.

Last month, Gaurs Group announced plans to develop a 17-acre commercial project in Noida with an investment of Rs 40 billionas part of its strategy to build rental assets. The company would develop 5 million sq ft of commercial space in this Grade-A project, which would include 2.5 million sq ft for retail, 2 million sq ft for office space, and a hotel with over 300 keys. Manoj Gaur explained that the project would be developed on a lease model to increase the company's annual rental income, which currently exceeds Rs 1.25 billion. The company aimed to start construction of this commercial project next year. Gaurs Group, one of the leading real estate developers in the Delhi-NCR region, is also planning to launch its initial public offering (IPO) within the next 18 months.

Realty firm Gaurs Group announced that it had sold nearly 200 apartments in its new luxury housing project in Greater Noida for Rs 13 billion, driven by strong consumer demand. The company had launched a luxury residential project named Legacy by Gaurs, which includes around 250 units at Jaypee Greens, Greater Noida. According to a statement from the company, the first phase of the project had generated Rs 13 billion in sales, with almost 200 apartments sold. The project features spacious residences in two configurations: 3,500 sq ft and 4,700 sq ft, spread across four towers, with a total of around 250 apartments. Sarthak Gaur, Director of Gaurs Group, expressed that the overwhelming response to Legacy by Gaurs was a true reflection of the trust and confidence that homebuyers had in the company. He added that, for over 30 years, the company had focused on delivering not just homes, but long-term value to its customers. Gaur also mentioned that the group had delivered nearly 50,000 units in the past decade alone. He further noted that the company would invest approximately Rs 750 crore to develop this luxury housing project in Greater Noida. Gaurs Group Chairman and Managing Director, Manoj Gaur, had also stated that the company would soon launch a new housing project in Greater Noida, which would cover 12 lakh sq ft of developable area. He mentioned that the project would cost around Rs 7.5 billion , including land and construction expenses. The company had acquired the land from banks and was already developing another project at the same location. As the chairman of the realtors' apex body, CREDAI, Manoj Gaur commented that demand in Noida and Greater Noida remained strong, but there was a lack of sufficient supply in the market. Last month, Gaurs Group announced plans to develop a 17-acre commercial project in Noida with an investment of Rs 40 billionas part of its strategy to build rental assets. The company would develop 5 million sq ft of commercial space in this Grade-A project, which would include 2.5 million sq ft for retail, 2 million sq ft for office space, and a hotel with over 300 keys. Manoj Gaur explained that the project would be developed on a lease model to increase the company's annual rental income, which currently exceeds Rs 1.25 billion. The company aimed to start construction of this commercial project next year. Gaurs Group, one of the leading real estate developers in the Delhi-NCR region, is also planning to launch its initial public offering (IPO) within the next 18 months.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?