Gaurs Group Plans to Launch IPO in 18 Months, Eyes Expansion in Delhi-NCR Market
Realty firm Gaurs Group is planning to launch its Initial Public Offering (IPO) in the next 18 months, amid strong consumer demand. The company aims to expand its business of development of housing projects across the Delhi-NCR market.
Gaurs GroupIpoReal EstateDelhincrLuxury HousingReal Estate NewsSep 17, 2024
Byoued by the successful launch of its luxury housing project in Ghaziabad, which clocked Rs 3,100 crore sales in three days, Gaurs Group has set a target to expand its business. The company will also develop commercial assets, including malls, hotels, office spaces, and schools/colleges to generate stable rental income.
We strongly believe that demand in the real estate market will continue to be strong. So, there is a huge potential for expansion and growth, said Manoj Gaur, CMD of Gaurs Group. He noted that both property and stock markets are performing well.
Gaurs Group has roped in finance, tax, and legal consultants to prepare for the IPO, but has not yet appointed merchant bankers. With a legacy spanning over 3 decades, Gaurs Group (formerly Gaursons India Ltd) has developed over 65 million sq ft and delivered 65,000 units.
The Group has also ventured into allied verticals of shopping malls, schools, hotels, solar plants, and construction. The Group has delivered 3 townships till date, out of which the notable one is Gaur City in Noida Extension, which is home to almost 30,000 families currently.
Earlier this month, the company launched a 12-acre luxury housing project at Ghaziabad, comprising around 1,200 units, and the entire project was sold in three days with a total sales value of Rs 3,100 crore. The company will invest around Rs 1,600 crore to develop this new luxury housing project 'Gaur NYC Residences' in Ghaziabad, Uttar Pradesh.
The demand for residential properties, especially luxury homes, has surged post-COVID pandemic. Builders having a decent track record of executing projects are witnessing huge demand for their properties. According to data analytic firm PropEquity, housing sales in Delhi-NCR rose to 10,198 units during April-June this year from 9,635 units in the year-ago period.
Gaurs Group is planning to expand its business amid strong consumer demand. The company aims to develop housing projects across the Delhi-NCR market and also explore other opportunities in the real estate sector.
The company's CMD, Manoj Gaur, said that the demand in the real estate market will continue to be strong, and there is a huge potential for expansion and growth. He also noted that the company has a land bank for the development of real estate projects and is continuously exploring to add more land parcels in its portfolio.
About Gaurs Group
Gaurs Group is a real estate company with a legacy spanning over 3 decades. The company has developed over 65 million sq ft and delivered 65,000 units. Gaurs Group has also ventured into allied verticals of shopping malls, schools, hotels, solar plants, and construction.
Frequently Asked Questions
What is Gaurs Group planning to do in the next 18 months?
Gaurs Group is planning to launch its Initial Public Offering (IPO) in the next 18 months.
What is the target of Gaurs Group's expansion plan?
The company aims to expand its business of development of housing projects across the Delhi-NCR market.
What is the demand for residential properties in Delhi-NCR?
The demand for residential properties, especially luxury homes, has surged post-COVID pandemic.
How many units has Gaurs Group delivered till date?
Gaurs Group has delivered 65,000 units till date.
What is the total sales value of Gaurs Group's luxury housing project in Ghaziabad?
The total sales value of Gaurs Group's luxury housing project in Ghaziabad is Rs 3,100 crore.
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