Gaurs Group Raises Rs 440 Crore Through Debentures to Boost Real Estate Ventures

Realty firm Gaurs Group has announced the successful raising of Rs 440 crore through the issuance of non-convertible debentures (NCDs). This significant capital infusion is aimed at supporting the company's strategic initiatives, including land acquisitions, construction, and project execution, as well as the repayment of higher-cost borrowings and general corporate purposes.

The NCD issue was fully subscribed by three leading mutual funds in the country, highlighting the growing trust and confidence of institutional investors in Gaurs Group. The debentures, issued by the group's holding company Gaursons India Pvt Ltd, will be listed on the National Stock Exchange (NSE).

"The successful subscription of the NCD issue underscores the group's financial resilience and its growing credibility with institutional investors. It also provides us with greater flexibility to support expansion while maintaining a prudent capital structure," said Sarthak Gaur, Director of Gaurs Group.

Gaurs Group, a prominent player in the real estate sector, has a strong track record of developing over 100 million square feet of area, delivering 75,000 units across 70 projects, including three townships. The company's focus on delivering high-quality projects and maintaining financial discipline has been a key factor in its success.

The raised funds will be strategically allocated to meet the company's business requirements, ensuring the continued growth and development of its real estate portfolio. This includes acquiring new land parcels, constructing new projects, and executing ongoing developments. Additionally, the capital will be used to refinance existing high-cost debt, thereby optimizing the company's financial structure and reducing interest expenses.

Gaurs Group's commitment to sustainable growth and financial prudence is evident in its approach to raising capital and managing its resources. The successful NCD issue is a testament to the company's strong market position and its ability to attract significant investments from leading financial institutions.

As one of the leading real estate developers in the Delhi-NCR region, Gaurs Group continues to set benchmarks in the industry, delivering innovative and sustainable housing solutions to its customers. The company's focus on quality, customer satisfaction, and financial stability positions it well for future growth and expansion in the highly competitive real estate market.