Real estate major Gaurs Group has announced plans to invest ₹750 crore in a premium housing project in Greater Noida, signaling its commitment to expanding its residential portfolio amid robust demand in the market. The project will feature approximately 250 luxury units and will span 12 lakh square feet of developable area.
Details of the new project
Manoj Gaur, Chairman and Managing Director of Gaurs Group, revealed that the ₹750 crore investment includes land acquisition and construction costs. The land for this project, located in the upscale Jaypee Greens area of Greater Noida, was purchased from banks.
This initiative marks the group’s second development in the Jaypee Greens vicinity, reinforcing its strategic focus on the region, which continues to exhibit strong residential demand.
Strong market demand in Greater Noida
Highlighting the potential of the Noida and Greater Noida markets, Gaur emphasized the need to address the persistent shortage of high-quality housing supply. “Demand in Noida and Greater Noida remains strong, but there is inadequate supply to meet market needs,” Gaur noted.
Commercial projects underway
The luxury housing project announcement follows Gaurs Group’s recent unveiling of a ₹4,000 crore commercial project in Noida. The 17-acre development on the Noida Expressway will include 5 million square feet of Grade-A commercial space, encompassing retail, office spaces, and a 300-room hotel. The project is part of the company’s strategy to enhance its rental assets, which currently generate an annual income exceeding ₹125 crore.
Construction of the commercial project is expected to begin next year, with 50% of the space dedicated to retail and 40% to office use.
Gaurs group’s legacy and future plans
With a legacy spanning over three decades, Gaurs Group has established itself as a leading real estate developer in the Delhi-NCR region. The company has delivered over 65 million square feet of space, comprising 65,000 units, including three major townships.
The group has also diversified into shopping malls, schools, hotels, solar energy, and construction. Its flagship township, Gaur City in Noida Extension, remains one of its landmark projects.
Gaurs Group is also planning to launch its initial public offering (IPO) within the next 18 months, marking a new chapter in its growth trajectory.
