Gaurs Group, a prominent player in India’s real estate sector, has announced a remarkable turnover of Rs 4,786 crore for the first three quarters of FY2024-25. This achievement marks one of the highest earnings for a non-listed developer in North India this year. The group’s enduring success is a clear indicator of their robust market presence and commitment to delivering high-quality residential and commercial properties across key locations. The impressive financial performance can be largely attributed to the successful launches of two luxury projects: Gaur NYC Residences in Wave City along the Delhi-Meerut Expressway, and Legacy by Gaurs in Greater Noida. The overwhelming demand for these projects underscores a growing trend in the luxury real estate market. Gaur NYC Residences, which features around 1,200 apartments, sold out within an astonishing 48 hours, while Legacy by Gaurs witnessed its 200 condominiums being snatched up in just 24 hours. This rapid sell-out rate not only reflects the group’s appeal but also signals a promising outlook for the entire region’s property market.
Strong Demand Fuels Luxury Projects
Sarthak Gaur, the Director of Gaurs Group, expressed pride in the company’s remarkable turnover. He highlighted that completely selling out two projects in just a matter of days is no small feat. “We’ve focused on launching projects that offer luxury, quality, and long-term value, and the response from our customers has been very encouraging,” Gaur stated. The Gaur NYC Residences project, in particular, attracted investments from various major cities in North India as well as international interest from locations like Dubai and Singapore. The project received nearly 3,500 applications for its limited 1,200 units, leading to an oversubscription rate of three times. To ensure a fair allocation process, the group opted for a live appointment draw on YouTube—a novel approach in the real estate sector, which was positively received by prospective buyers. This innovative strategy further emphasizes Gaurs Group’s commitment to transparency and customer satisfaction in an increasingly competitive market.
Future Prospects and Market Positioning
Moreover, the impressive year-on-year growth witnessed by Gaurs Group in the luxury segment is largely driven by sustained demand for premium homes in strategic locations like Noida, Greater Noida, and the Noida Expressway. These areas have been bolstered by extensive infrastructural developments, which in turn fuel the demand for high-quality living spaces. Manoj Gaur, CMD of Gaurs Group and Chairman of CREDAI National, added, “This performance highlights the growing demand for premium real estate and reflects our commitment to delivering landmark developments.” With over three decades of experience in the real estate industry and nearly 75,000 units delivered, Gaurs Group has established a strong track record for timely delivery and long-term value creation. As the company looks forward, it aims to expand its portfolio further, focusing on ultra-luxury residential and premium segments. Their solid foundation and innovative approaches place them in a prime position to maintain leadership in India’s real estate landscape.
