Gaurs Group Secures CRISIL A- Rating, Solidifying Its Market Stronghold

Gaurs Group, a prominent Indian real estate developer, has secured a CRISIL A- rating with a stable outlook for its long-term instruments. This rating underscores the company's robust financial standing, disciplined debt management, and solid project execution, reinforcing stakeholder confidence as it continues to expand its market footprint.

Gaurs Group, a leading Indian real estate developer based in Delhi NCR, has been awarded a CRISIL A- rating with a stable outlook for its long-term instruments, while its short-term instruments have been rated CRISIL A2+. This significant endorsement highlights the group's strong financial foundation and disciplined debt management practices, bolstering investor and stakeholder confidence.

The CRISIL A- rating, applicable to Gaurs Group's flagship company, Gaursons India Private Limited, reflects its robust financial profile supported by a diversified portfolio across residential, commercial, and retail sectors. The group is anticipated to continue leveraging its established market position in Delhi-NCR, strong operational linkages, and substantial sold receivables that enhance financial stability. With net debt of Rs. 1050 crores and LRD debt nearing Rs. 900 crores, Gaurs Group's strategic approach to leverage and prudent capital allocation positions it well for future expansion and project execution.

Chairman and Managing Director Manoj Gaur expressed that the CRISIL rating validates their strategic foresight and the trust bestowed by homebuyers and financial entities. Director Sarthak Gaur emphasized that this rating reaffirms their financial and operational resilience, setting the stage for ambitious growth through new launches and strategic acquisitions. Gaurs Group has excelled over three decades, delivering over 70 million sq ft and achieving notable sales figures, further diversifying into sectors such as retail, hospitality, education, and renewable energy.

(With inputs from agencies.)