Gaurs Group, a prominent real estate developer in the Delhi-NCR region, has announced plans to invest ₹750 crore in a luxury housing project in Greater Noida.
The development, located in the Jaypee Greens area, will include approximately 250 units spread across 12 lakh square feet of space.
The land for the project was purchased from banks, according to Gaurs Group Chairman and Managing Director Manoj Gaur. The company is already working on another project at the same site, underscoring its commitment to this prime location.
“We will soon be launching this new housing project,” Gaur said. “The project will have 12 lakh square feet of developable area.”
The ₹750-crore investment includes land acquisition and construction costs. The development, designed for luxury living, will address the rising demand for high-end housing in Greater Noida, where supply remains limited, Gaur added.
Key Features:
- Scale: A total developable area of 12 lakh square feet.
- Residences: Approximately 250 exclusive units designed to offer a premium living experience.
- Prime Location: Situated at Jaypee Greens, an area known for its world-class infrastructure and connectivity.
This project is part of a broader strategy by Gaurs Group to expand its presence in the region. In addition to residential developments, the company has announced plans for a massive commercial project along the Noida Expressway, with an estimated investment of ₹4,000 crore.
The 17-acre commercial project will include:
- Retail Space: 2.5 million square feet.
- Office Space: 2 million square feet.
- Hospitality: A hotel with more than 300 keys.
The commercial project will be developed on a lease model, aimed at increasing Gaurs Group’s rental income, which currently exceeds ₹125 crore annually. Construction is expected to begin next year.
Gaurs Group, with a legacy spanning over three decades, has developed more than 65 million square feet of real estate and delivered 65,000 units. The company’s diverse portfolio includes residential projects, shopping malls, schools, hotels, and solar plants.
It has delivered three major townships to date, including Gaur City in Noida Extension, one of the largest developments in the region.
The company’s leadership in the real estate sector is further reinforced by Manoj Gaur’s role as chairman of the Confederation of Real Estate Developers’ Associations of India (CREDAI).
Gaurs Group is preparing to launch its initial public offering (IPO) within the next 18 months. The move aligns with its long-term strategy to expand its business and attract new investments.
The new luxury housing project is expected to boost Greater Noida’s position as a key destination for high-end residential investments. With strong demand and limited supply in the region, Gaurs Group’s latest development is set to attract homebuyers seeking premium living spaces.
In combination with its ambitious commercial projects, the company continues to solidify its reputation as a leader in shaping the real estate landscape of Delhi-NCR.