Gaurs Group, a prominent real estate developer, is set to invest around Rs 4,000 crore to develop a 17-acre commercial project along the Noida Expressway. The project, spanning 5 million sq ft, will include retail, office spaces, and a hotel. This ambitious venture is part of the company’s strategy to grow its rental assets and boost its annual rental income, which currently exceeds Rs 125 crore. The company, which has a rich legacy of delivering over 65 million sq ft of real estate, is also eyeing an IPO within the next 18 months to further expand its business.

Gaurs Group’s Grand Plan for Noida’s Skyline

Massive Rs 4,000 Crore Investment Gaurs Group is set to make waves in the real estate sector once again with a substantial Rs 4,000 crore investment in a 17-acre commercial project along the Noida Expressway. This Grade-A project will encompass a vast 5 million sq ft, featuring 2.5 million sq ft of retail space, 2 million sq ft for offices, and a hotel boasting over 300 rooms. This isn’t just another commercial project; it’s a statement of the company’s vision to dominate the rental asset space in Delhi-NCR.
Manoj Gaur, Chairman and Managing Director of Gaurs Group, emphasized that the development will be on a lease model to strengthen the company’s rental income, which already surpasses Rs 125 crore annually. With construction slated to begin before March 2024, this project is a significant milestone in the group’s long-term strategy.

Funding Through Internal Accruals and Bank Loans

Self-Sustained Financial Model The Gaurs Group is adopting a self-sustained approach to fund this massive project. Manoj Gaur mentioned that the company plans to finance the Rs 4,000 crore investment through a combination of internal accruals and bank loans. With sales receivables already crossing Rs 4,000 crore and expected to reach Rs 5,000 crore by the end of the fiscal year, the group is confident in its financial stability. This method of leveraging existing assets to fuel growth reflects the company’s sound financial health and forward-looking approach.

Expanding Horizons: Housing Boom and IPO Plans

Luxury Housing Success and IPO in the Works Gaurs Group remains highly optimistic about the booming housing market in NCR, as evidenced by the overwhelming response to their recent luxury project in Ghaziabad, which sold out Rs 3,100 crore worth of inventory in just three days. This demonstrates the strong consumer demand in the region and positions Gaurs Group as a leader in both commercial and residential real estate.
The company’s ambitions don’t end there. With plans to launch its Initial Public Offering (IPO) within the next 18 months, Gaurs Group is restructuring its operations to ensure a smooth market debut. This IPO will provide the financial leverage needed to expand further into the commercial sector, creating a portfolio that includes malls, hotels, office spaces, and educational institutions.

Building on a Legacy: Three Decades of Real Estate Excellence

A Journey of Transformation With over three decades of experience in the real estate market, Gaurs Group has developed more than 65 million sq ft and delivered 65,000 units across Delhi-NCR. Their flagship township, Gaur City in Noida Extension, is home to almost 30,000 families—a testament to their commitment to creating sustainable living spaces.
The group’s vision extends beyond just real estate. They have successfully ventured into shopping malls, hotels, schools, solar energy, and even construction services. This diversification speaks volumes about their adaptability and ambition to become a major player in multiple sectors.

What Can We Expect in Near Future from Gaurs Group

Launch of the Noida Expressway Project
The commencement of construction on the massive 17-acre commercial project will likely be a defining moment for Gaurs Group. With the scale and investment involved, this project is set to reshape the Noida skyline and could serve as a benchmark for future developments in the region.

Gaurs Group’s IPO Debut
The company’s planned IPO within the next 18 months is expected to be a significant step towards expanding its financial base and market presence. This could lead to more ambitious projects, greater market share, and deeper engagement in both the residential and commercial sectors.

New Ventures and Diversification
As Gaurs Group continues to diversify, we may see new ventures, particularly in commercial assets, retail, and education. With the group already exploring malls, schools, and hotels, these new verticals could further cement their reputation as a versatile and innovative real estate developer.