NEW DELHI: Gaurs Group clocked possibly the biggest ever sale in real estate in the Delhi NCR region in 2018, selling close to 10,000 property units for a gross sales revenue of more than half a billion dollars.
The group clocked a sale of nearly 500 million (Rs 3,900 crore) in Jan-Dec 2018, on a cumulative sale of 9,954 property units, which is perhaps the largest sale in a calendar year by any real estate developer in the country.
“Our group’s credo of on-time, every time’ delivery in the 24 years, since inception, worked in our favor and translated into this outstanding achievement, Manoj Gaur, MD of Gaurs Group, said.
There was a lot of ready-to-move inventory available due to sluggish real estate sentiment in the previous years. The Gaurs Group decided to offload the ready stock with lucrative schemes in Gaur City its 237- acre integrated township and, subsequently, in other projects.
Gaurs Group has an aggressive plan for 2019 and is acquiring large land parcels for the PMAY Housing Scheme, primarily in the NCR localities like Raj Nagar Extension, NH-24, Greater Noida West, and also in Tier 2 cities of north India. The group is gearing to invest Rs 4,000-5,000 crore in the affordable housing segment with 5-6 new launches this year. Soon, another mega commercial project will be launched within Gaur Yamuna City, the 250- acre township, which will house service apartments, along with facilities for shopping, entertainment, and a hotel all at one place. PR Newswire
y hotel at Gaur City Mall in Greater Noida West.
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