Ghaziabad's Luxury Real Estate Market Gets a Boost with Rs 3,000 Crore Worth of Flats Sold in 48 Hours
The Gaur NYC Residences, featuring New York-style luxury apartments, has set a new benchmark in the real estate sector, with over Rs 3,000 crore in bookings within just 48 hours.
Ghaziabad Real EstateLuxury FlatsGaur GroupGaur Nyc ResidencesNcr RegionReal Estate NewsAug 30, 2024
The project, which features New York-style luxury apartments, has set a new benchmark in the real estate sector. With over Rs 3,000 crore in bookings within just 48 hours of its pre-launch phase, the project has achieved three times the oversubscription and attracted more than 3,000 applications following its RERA approval.
Spanning across 11.80 acres, the project will feature 10 towers, each 32 stories high, offering approximately 1,200 upscale flats. These include 4-bedroom units and 4-bedroom apartments with servant quarters. Prices for these residences start at Rs 2.5 crore. Notable amenities include a clubhouse inspired by Madison Square and a 118-metre-long swimming pool.
The overwhelming response to Gaur NYC Residences is indicative of a burgeoning demand for luxury housing in Ghaziabad. Following the trend in cities like Gurugram and Noida, there is a rising market for premium 4BHK apartments in Ghaziabad, highlighting the city’s growing status as a hub for upscale living.
Sarthak Gaur, Director of the Gaur Group, said that the overwhelming success of the project was a testament to the trust and confidence of the customers. “Over the past 30 years, we have built around 65,000 homes, and it is gratifying to see such a positive reception for Gaur NYC Residences. We are committed to making this project one of the most distinguished in the NCR region” he further added.The Gaur Group is a well-established name in the real estate industry, with a legacy of over 30 years. The company has developed numerous residential and commercial projects in Noida and other parts of the NCR region.
Frequently Asked Questions
What is the value of the luxury flats sold in Ghaziabad?
The value of the luxury flats sold in Ghaziabad is over Rs 3,000 crore.
How many applications were received for the Gaur NYC Residences project?
Over 3,000 applications were received for the Gaur NYC Residences project following its RERA approval.
What is the size of the Gaur NYC Residences project?
The project spans across 11.80 acres and will feature 10 towers, each 32 stories high.
What are the prices of the luxury flats in Gaur NYC Residences?
Prices for the luxury flats in Gaur NYC Residences start at Rs 2.5 crore.
Who is the developer of the Gaur NYC Residences project?
The Gaur Group is the developer of the Gaur NYC Residences project.
Related News Articles
India's Real Estate Boom: Emerging as Asia's Next Big Hub
India's top 100 real estate companies have witnessed significant growth, with a total valuation of Rs 14.2 trillion, indicating the country's potential to become the real estate capital of Asia.
REC Ltd Shares Soar Over 3% After Signing MoUs Worth ₹1.12 Lakh Crore
REC Ltd shares surged over 3% on the NSE after the company signed non-binding MoUs worth ₹1.12 lakh crore with renewable energy developers.
India's Real Estate Sector: A Booming Hub for Employment and Innovation
A recent report by Knight Frank and NAREDCO indicates a positive yet cautious outlook for India's real estate market, which is poised to become a major employment hub and a hub for PropTech innovation.
NAREDCO Maharashtra Teams Up with Brigade REAP to Elevate PropTech Startups
The PROPEL initiative was launched at Excelerate 3.0, a leading event dedicated to fostering innovation and technology in the real estate sector, marking a significant step towards enhancing PropTech startups in Maharashtra.
Maharashtra Exit Polls 2024: Mahayuti Likely to Secure 145+ Seats
Maharashtra's 288 assembly seats need 145 seats for a majority. According to Matrize, the Mahayuti alliance is projected to win between 150–170 seats...
The Hidden Cost of Delhi NCR's Real Estate Boom: Exploited Migrant Workers
Delhi NCR's real estate industry is booming, but at what cost? Malnourished and overworked migrant labourers are the backbone of this growth, living in deplorable conditions and facing severe exploitation.