Realty agency Gaurs Group has offered almost 200 flats in its new luxurious housing tasks in Better Noida for Rs 1,300 crore amid sturdy shopper demand.
Gaurs Group has launched a luxurious residential challenge ‘Legacy by Gaurs’, comprising round 250 items, at Jaypee Greens, Better Noida.
“The primary section of the challenge has generated Rs 1,300 crore in gross sales, with almost 200 flats offered,” the corporate stated in an announcement on Saturday.
The challenge options spacious residences in two configurations: 3,500 sq ft and 4,700 sq ft, throughout 4 towers, comprising a complete of about 250 flats.
Gaurs Group Director Sarthak Gaur stated, “The overwhelming response to ‘Legacy by Gaurs’ is a real reflection of the belief and confidence homebuyers have in us. For over 30 years, we have centered not solely on delivering properties however on creating long-term worth for our clients.” He stated the group has delivered almost 50,000 items within the final decade alone.
Gaurs Group will make investments about Rs 750 crore to develop this luxurious housing challenge in Better Noida.
Lately, Gaurs Group Chairman and Managing Director (CMD) Manoj Gaur stated, “We are going to quickly be launching a brand new housing challenge in Better Noida. The challenge can have 12 lakh sq ft of developable space.” Gaur had stated the challenge price will probably be about Rs 750 crore, together with land and development prices.
The corporate had purchased this land situated from banks. Gaurs Group is already growing one challenge on the similar location.
Manoj Gaur, who can be chairman of realtors’ apex physique CREDAI, stated the demand in Noida and Better Noida stays sturdy, and there’s a lack of sufficient provide.
Final month, Gaurs Group stated it is going to develop a 17-acre industrial challenge in Noida with an funding of Rs 4,000 crore as a part of its technique to construct rental belongings.
The corporate will develop 5 million (50 lakh) sq ft of economic house within the upcoming Grade-A challenge.
“We’re planning to develop a big industrial challenge on Noida Expressway. The full space will probably be about 5 million sq ft, of which 2.5 million sq ft will probably be retail, 2 million sq ft workplace and a resort with greater than 300 keys,” Manoj Gaur had stated.
The corporate will develop the challenge on a lease mannequin to spice up its annual rental revenue that presently stands at greater than Rs 125 crore.
The corporate is focusing on to begin development of this industrial challenge subsequent yr.
Gaurs Group — one of many main actual property builders in Delhi-NCR — is planning to launch its preliminary public providing within the subsequent 18 months.
With a legacy spanning over three many years, Gaurs Group (previously Gaursons India Ltd) has developed over 65 million sq ft and delivered 65,000 items.
The group has additionally ventured into allied verticals of purchasing malls, faculties, accommodations, photo voltaic vegetation, and development.
