Gaurs Group Prepares for IPO to Fund Massive Real Estate Ventures in Noida and Ghaziabad
Gaurs Group, a prominent player in the NCR real estate market, is set to restructure and launch an Initial Public Offering (IPO) to generate funds for a 5 million sq ft commercial project in Noida and other luxury ventures. The company also plans to launc
Real EstateIpoNoidaGaurs GroupLuxury ProjectsReal Estate NewsOct 09, 2024
NCR-based Gaurs Group, a leading real estate developer, is gearing up to restructure its company to launch an Initial Public Offering (IPO). The primary aim of this move is to generate funds for a significant commercial project in Noida and new acquisitions. The company, which celebrates its 30th anniversary this year, plans to launch the IPO within the next one to two years.
Ambitious Commercial Project in Noida
According to Manoj Gaur, Chairman and Managing Director of Gaurs Group, the restructuring process will take approximately 1.5 years to complete. During this period, several companies will be brought under a common umbrella to streamline operations and prepare for the IPO. The commercial project in Noida is expected to span 5 million square feet and will be located on 18 acres of land in Sector 129. This ambitious project will include 2.5 million square feet of retail space, 2 million square feet of A-Grade office space, a convention center, and a hotel. The estimated investment for this project is around ₹3000 crore.
Leasing Model and Future Prospects
The company intends to run the Noida project on a lease model, which is expected to be one of the largest retail developments in the region. In addition to the Noida project, Gaurs Group has plans to launch a luxury housing project in Ghaziabad. The demand in the real estate market remains robust, and the company aims to leverage this by launching projects across various verticals, including housing, commercial, hotels, schools, retail, and sports.
Recent Success and Future Plans
Gaurs Group recently launched a 12-acre luxury project in Ghaziabad, comprising around 1200 apartments. The project, named 'Gaur NYC Residences,' was sold out in just three days, generating a total sales value of ₹3,100 crore. The company also plans to launch another ultra-luxury project in Noida’s Jaypee Greens, which is expected to have around 300 apartments. With a debt of approximately ₹1300 crore, Gaurs Group aims to reduce it using the ₹4500 crore receivables from sold projects.
Company
With a legacy spanning over three decades, Gaurs Group (formerly Gaursons India Ltd) has developed over 65 million square feet of space and delivered 65,000 units. The group has ventured into various allied verticals, including shopping malls, schools, hotels, solar plants, and construction, delivering three townships to date. The company’s diversified portfolio and strategic approach position it as a key player in the NCR real estate market.
Future Projects and Financial Goals
Gaurs Group has ambitious plans to launch more real estate projects worth around ₹5000 crore. The company is actively looking to acquire new land parcels to expand its portfolio and meet the growing demand in the market. The group’s commitment to innovation and quality has made it a trusted name in the industry, and the upcoming IPO is expected to further strengthen its position and facilitate new growth opportunities.
Frequently Asked Questions
What is the primary reason Gaurs Group is restructuring the company?
The primary reason for restructuring is to prepare for an Initial Public Offering (IPO) that will generate funds for a significant commercial project in Noida and new acquisitions.
What is the scale of the commercial project in Noida?
The commercial project in Noida is expected to span 5 million square feet and will be located on 18 acres of land in Sector 129. It will include 2.5 million square feet of retail space, 2 million square feet of A-Grade office space, a convention center, and a hotel.
How does Gaurs Group plan to fund the Noida project?
Gaurs Group plans to fund the Noida project through the proceeds from its Initial Public Offering (IPO), which is expected to be launched in the next one to two years.
What is the estimated investment for the Noida project?
The estimated investment for the Noida project is around ₹3000 crore.
What other luxury projects does Gaurs Group have in the pipeline?
In addition to the Noida project, Gaurs Group plans to launch another ultra-luxury project in Noida’s Jaypee Greens, which is expected to have around 300 apartments. The company has also recently launched a 12-acre luxury project in Ghaziabad, named 'Gaur NYC Residences,' which was sold out in just three days.
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