Gaurs Group: Soaring High with Record Real Estate Sales

Gaurs Group, a leading realty firm, achieved Rs 4,786 crore in property sales during April-December, driven by strong demand in Delhi-NCR. Known for its successful luxury projects, Gaurs plans to launch an IPO in 18 months, expanding into commercial real estate and reinforcing its market position.

Gaurs Group, a prominent real estate firm, reported property sales amounting to Rs 4,786 crore during the April-December period of this fiscal year. This achievement is attributed to the high demand for their residential properties, especially in the Delhi-NCR region.

The company's success has cemented its position among the top real estate developers in the country, including both listed and non-listed entities. Gaurs Group's rise is largely due to the successful launch and sale of two luxury projects: Gaur 'NYC Residences' and Legacy by Gaurs.

In light of this success, Gaurs Group is preparing to launch an Initial Public Offering (IPO) within the next 18 months. The company is also expanding its portfolio to include commercial assets like malls, hotels, and office spaces, aiming to generate stable rental income.

(With inputs from agencies.)