Contents
Gaurs Group Achieves Record Sales of ₹4,786 Crore in Delhi-NCR for April-December 2024
Gaurs Group, one of the leading real estate developers in India, has reported a remarkable ₹4,786 crore in property sales for the April-December 2024 period. This achievement cements its position among the top real estate developers, both listed and non-listed, in the country.
Key Highlights
- Sales Performance:
Gaurs Group attributed its success to the robust demand for its residential properties and the launch of two luxury projects:- Gaur ‘NYC Residences’: Located at Wave City, Delhi-Meerut Expressway.
- Legacy by Gaurs: Situated in Greater Noida.
- Leadership Insights:
- Sarthak Gaur, Director of Gaurs Group, expressed pride in the swift sell-out of these projects within 2-3 days, calling it a testament to their portfolio’s strength.
- Manoj Gaur, CMD of Gaurs Group, highlighted the company’s legacy of timely delivery and long-term value creation as key drivers for the brand’s success.
- Market Expansion:
The company plans to diversify into commercial real estate, including malls, hotels, and office spaces, aiming for stable rental income alongside its residential offerings.
Gaurs Group at a Glance
| Aspect | Details |
|---|---|
| Established | Over 30 years ago |
| Projects Delivered | 75,000+ units |
| Total Area Developed | 65 million sq. ft. |
| Key Developments | Gaur City (Noida Extension) |
| Upcoming Plans | IPO launch within 18 months |
| Diversification | Solar plants, schools, malls, and hotels |
Factors Driving Gaurs Group’s Success
- Demand for Luxury Properties:
Projects like Gaur ‘NYC Residences’ and Legacy by Gaurs have attracted significant interest due to their prime locations and luxury offerings. - Strong Track Record:
Over three decades of experience and a proven history of delivering quality projects on time. - Pipeline of New Projects:
Gaurs Group is actively preparing for launches in the ultra-luxury and premium residential segments. - Diversified Portfolio:
Beyond housing, the company’s expansion into commercial and educational infrastructure adds to its robust market presence.
Future Plans
- IPO Launch:
- Gaurs Group aims to list on stock exchanges within the next 18 months, marking a significant milestone in its growth journey.
- Land Bank Expansion:
- The company is actively acquiring additional land parcels to support its ambitious development plans.
- Commercial Developments:
- Malls, hotels, and office spaces are key focus areas for generating stable rental income.
Conclusion
The ₹4,786 crore sales milestone achieved by Gaurs Group showcases the strong demand for premium real estate in Delhi-NCR. With its strategic diversification, robust pipeline of projects, and plans for an IPO, the company is poised to maintain its leadership in the real estate sector.
Evantis Realty is a leading Real Estate Broker in Gurugram & Delhi NCR specializing in high-end properties across the city. With years of experience and a deep understanding of the market, Evantis Realty offers personalized service and expert advice to help clients navigate the dynamic Gurugram & Delhi NCR Real Estate Market with confidence.
