Gaurs Group Eyes IPO Amid Rising Real Estate Demand

Gaurs Group is planning to launch its Initial Public Offering (IPO) within the next 18 months to expand its business, buoyed by strong demand for its luxury housing projects. The company aims to develop commercial assets and has already begun preparations for the IPO with finance, tax, and legal consultants.

Realty firm Gaurs Group is set to launch its Initial Public Offering (IPO) within the next 18 months, as it looks to capitalize on robust consumer demand and expand its business, according to CMD Manoj Gaur.

Following the successful launch of a luxury housing project in Ghaziabad—amassing Rs 3,100 crore in sales within three days—Gaur stated the company's intention to broaden its scope in the Delhi-NCR market, including the development of commercial assets such as malls, hotels, office spaces, and educational institutions to generate steady rental income.

Gaur emphasized the sustained strength in both property and stock markets, underscoring a significant potential for growth in the real estate sector. He also noted that the company has a substantial land bank and is consistently exploring new land acquisitions. As part of the IPO preparation, Gaurs Group has enlisted finance, tax, and legal advisors while yet to appoint merchant bankers. With over three decades of experience, the Group has developed more than 65 million sq ft and delivered 65,000 units.

(With inputs from agencies.)