Bookmark Article
Realty firm Gaurs Group will invest Rs 4,000 crore to develop a 17-acre commercial project in Noida, aiming to build rental assets with 5 million sq ft of commercial space, including retail, office, and a hotel. The company plans to start construction before March 2024, funding projects through internal accruals and bank loans, while remaining optimistic about housing demand, as their luxury housing project in Ghaziabad worth Rs 3,100 crore sold out in three days. Gaurs Group, set to launch an IPO in the next 18 months, aims to expand its housing business and create stable rent-yielding commercial assets, leveraging its land bank and three-decade legacy in real estate development.
Full Article
