Gaurs Group is set to launch its Initial Public Offering (IPO) within the next 18 months, driven by strong market demand and plans for business expansion. CMD Manoj Gaur highlighted that the company will focus on both residential and commercial developments, including malls, hotels, and educational institutions. Recently, the company launched a luxury housing project in Ghaziabad, generating INR 3,100 crore in sales within three days. Gaurs Group has already delivered over 65 million square feet of real estate and is now preparing internally for the IPO while seeking to expand its land bank for future projects.
Gaurs Group, a leading player in the real estate sector, is gearing up to launch its Initial Public Offering (IPO) within the next 18 months, as confirmed by its Chairman and Managing Director, Manoj Gaur. Driven by strong market demand, the firm aims to expand its business across the Delhi-NCR region. Gaur emphasised that the company will continue developing residential projects while also diversifying into commercial assets, including shopping malls, hotels, office spaces, and educational institutions, to generate stable rental income. Encouraged by the success of its recent luxury housing project in Ghaziabad, which achieved INR 3,100 crore in sales in just three days, Gaurs Group is keen to accelerate its growth in both residential and commercial real estate sectors.
The company has begun internal preparations for the IPO, engaging finance, tax, and legal consultants to guide the process, although it has not yet appointed merchant bankers. With more than three decades of experience, Gaurs Group has developed over 65 million square feet of real estate and delivered 65,000 units to date. The firm has also ventured into allied sectors, such as shopping malls, schools, hotels, solar power plants, and construction. Among its most notable projects is Gaur City, a township in Noida Extension, now home to nearly 30,000 families.
Gaur expressed confidence in the continued strength of the real estate market, noting that both the property and stock markets are performing well. Gaur, who also chairs CREDAI, the apex body of realtors in India, expressed confidence that demand in the real estate sector will continue to be robust, presenting substantial opportunities for growth and expansion. The company is actively working to expand its land bank for future developments and is exploring opportunities to add more land parcels to its portfolio.
Earlier this month, Gaurs Group launched its 12-acre luxury housing project, Gaur NYC Residences, in Ghaziabad. The company sold all 1,200 units within three days with sales value of INR 3100 crore, highlighting the strong demand for premium residential properties. The company plans to invest INR 1,600 crore to develop this project and noted that it received over 3,000 expressions of interest from prospective buyers before the official launch. Gaur remarked that demand for luxury homes, particularly post-pandemic, has surged as buyers seek well-executed projects from developers with a proven track record.
According to data analytics firm PropEquity, housing sales in the Delhi-NCR region rose to 10,198 units during the April-June quarter, up from 9,635 units in the same period last year. Builders with a solid track record, like Gaurs Group, are capitalising on the surge in demand as consumers increasingly prioritise quality and trust in their real estate investments. As the company looks to the future, it remains well-positioned to capitalise on market trends and deliver high-quality projects.
In conclusion, Gaurs Group is poised for significant growth with its upcoming IPO, driven by strong market demand and a successful luxury housing launch in Ghaziabad. With over 65 million square feet developed and plans to expand into commercial ventures, the company is strategically positioned to leverage the robust real estate market in Delhi-NCR. By focusing on high-quality projects and actively increasing its land bank, Gaurs Group aims to meet the rising demand for premium properties, ensuring continued success in the sector.
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