[ad_1]
Realty agency Gaurs Group has bought almost 200 residences in its new luxurious housing tasks in Larger Noida for Rs 1,300 crore amid sturdy shopper demand.
Gaurs Group has launched a luxurious residential venture ‘Legacy by Gaurs’, comprising round 250 items, at Jaypee Greens, Larger Noida.
“The primary section of the venture has generated Rs 1,300 crore in gross sales, with almost 200 residences bought,” the corporate mentioned in an announcement on Saturday.
The venture options spacious residences in two configurations: 3,500 sq ft and 4,700 sq ft, throughout 4 towers, comprising a complete of about 250 residences.
Gaurs Group Director Sarthak Gaur mentioned, “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 houses however on creating long-term worth for our clients.” He mentioned 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 venture in Larger Noida.
Not too long ago, Gaurs Group Chairman and Managing Director (CMD) Manoj Gaur mentioned, “We’ll quickly be launching a brand new housing venture in Larger Noida. The venture can have 12 lakh sq ft of developable space.” Gaur had mentioned the venture price shall be about Rs 750 crore, together with land and building prices.
The corporate had purchased this land positioned from banks. Gaurs Group is already growing one venture on the similar location.
Manoj Gaur, who can be chairman of realtors’ apex physique CREDAI, mentioned the demand in Noida and Larger Noida stays sturdy, and there’s a lack of ample provide.
Final month, Gaurs Group mentioned it can develop a 17-acre industrial venture in Noida with an funding of Rs 4,000 crore as a part of its technique to construct rental property.
The corporate will develop 5 million (50 lakh) sq ft of business area within the upcoming Grade-A venture.
“We’re planning to develop a big industrial venture on Noida Expressway. The full space shall be about 5 million sq ft, of which 2.5 million sq ft shall be retail, 2 million sq ft workplace and a lodge with greater than 300 keys,” Manoj Gaur had mentioned.
The corporate will develop the venture 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 building of this industrial venture 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 a long time, 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 procuring malls, faculties, lodges, photo voltaic vegetation, and building.
[ad_2]
Source link
