+
Gaurs Group Buys 35-Acre Land Along Yamuna Expressway
ECONOMY & POLICY

Gaurs Group Buys 35-Acre Land Along Yamuna Expressway

Gaurs Group has acquired 35-acre land parcels along the Yamuna Expressway from ICICI Bank for around Rs 7 bn to develop residential projects as part of an expansion plan. The company purchased three land parcels in Sector 18 at an open auction and the largest plot measures 24 acres. The acquisition was reported to be on an as-is, where-is basis with the developer confirming it would settle outstanding dues including external development charges and farmer compensation.

The group plans to use the 24-acre site as the primary location for a new launch and intends to roll out three to four housing projects by March next year across Noida and the Yamuna Expressway corridor. The company has already launched one housing project on the expressway during this fiscal with a total revenue potential of Rs 19 bn. Management indicated that the launch pipeline underpins expectations for pre-sales performance in the 2026-27 fiscal.

Gaurs Group reported sales bookings of Rs 55 bn in the last fiscal year and said it was aiming to replicate or exceed that performance in the coming year. The developer attributes sustained demand to limited new supply from established builders in Noida, Greater Noida and Ghaziabad. Plans are also under way to expand the rental asset portfolio and to initiate a large commercial project in Noida.

At present the group earns rental income of around Rs 1,500 million (mn) per year from commercial assets including shopping malls. In nearly three decades the company, operating as Gaursons India Private Limited, has developed over 100 million (mn) square feet and delivered more than 75,000 homes across 75 projects, including three integrated townships. The developer has diversified into retail, education, sports and solar energy sectors.

Gaurs Group has acquired 35-acre land parcels along the Yamuna Expressway from ICICI Bank for around Rs 7 bn to develop residential projects as part of an expansion plan. The company purchased three land parcels in Sector 18 at an open auction and the largest plot measures 24 acres. The acquisition was reported to be on an as-is, where-is basis with the developer confirming it would settle outstanding dues including external development charges and farmer compensation. The group plans to use the 24-acre site as the primary location for a new launch and intends to roll out three to four housing projects by March next year across Noida and the Yamuna Expressway corridor. The company has already launched one housing project on the expressway during this fiscal with a total revenue potential of Rs 19 bn. Management indicated that the launch pipeline underpins expectations for pre-sales performance in the 2026-27 fiscal. Gaurs Group reported sales bookings of Rs 55 bn in the last fiscal year and said it was aiming to replicate or exceed that performance in the coming year. The developer attributes sustained demand to limited new supply from established builders in Noida, Greater Noida and Ghaziabad. Plans are also under way to expand the rental asset portfolio and to initiate a large commercial project in Noida. At present the group earns rental income of around Rs 1,500 million (mn) per year from commercial assets including shopping malls. In nearly three decades the company, operating as Gaursons India Private Limited, has developed over 100 million (mn) square feet and delivered more than 75,000 homes across 75 projects, including three integrated townships. The developer has diversified into retail, education, sports and solar energy sectors.

Related Stories

Gold Stories

Next Story
Real Estate

Mumbai Central Emerges as a New Luxury Residential Corridor

Mumbai Central is emerging as a growing premium residential micro-market in South Mumbai, supported by improved connectivity, new redevelopment projects and proximity to major business districts.Residential capital values in the area are currently estimated at around ₹50,000-₹85,000 per sq ft, compared with ₹85,000 to more than ₹1.5 lakh per sq ft in parts of Worli, according to market estimates cited by industry players. The area has also recorded annual appreciation of around 14-18 per cent, although transaction activity and pricing vary across projects and locations.The area's chang..

Next Story
Technology

Bridgestone India Opens New Select Store in Pune

Bridgestone India has opened a new Bridgestone Select Store at Hinjewadi Phata in Pune, strengthening its retail presence in the city and Maharashtra.The new outlet, Deepraj Tyres, is located at Hinjewadi Phata/Wakad Bridge. Designed as a one-stop destination for passenger vehicle owners, the store offers tyres, expert guidance and wheel care services supported by modern equipment.“Pune is an important market for Bridgestone. The opening of this Select Store in the city reflects our commitment to offering customers easy access to premium products and trusted services. Our focus is on buildin..

Next Story
Infrastructure Transport

VECV, Rosmerta Partner for Authorised Vehicle Scrapping in NCR

VE Commercial Vehicles (VECV) and Rosmerta Auto Recycling Pvt Ltd (RARPL) have entered into a strategic partnership to facilitate the authorised scrapping and recycling of end-of-life (ELV) commercial vehicles across the National Capital Region (NCR).The collaboration will provide Eicher Trucks and Buses dealers and customers with access to a structured, transparent and compliant vehicle scrapping process. It aims to help commercial vehicle owners retire ageing trucks and buses through authorised channels while supporting fleet renewal and responsible resource recovery.The partnership comes as..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code