Gaurs Group Plans IPO to Fund ₹3,000 Cr Noida Commercial Project & Land Acquisitions | Real Estate News

Gaurs Group, a well-known real estate developer, is preparing to launch an initial public offering (IPO) to raise funds for a large commercial project. The company plans to develop a 5 million square feet project in Noida, focusing on retail and office spaces.

New Noida Development to Include Retail and Office Space

The Ghaziabad-based company has already acquired 18 acres of land in Sector 129, Noida, for this new project. With an investment of Rs 3,000 crore, the development will include 2.6 million square feet of retail space, making it the largest retail project in Noida, and 2 million square feet of Grade A office space. The project will also feature a hotel and a convention centre.

ADVERTISEMENT

Be part of our community by downloading and registering on the Angel One app. Your support helps us keep delivering quality content.

IPO Funds to Support Construction Over 4-5 Years

According to Chairman Manoj Gaur, commercial projects require a large initial investment, with rental income only starting once the property is ready for lease. The IPO will help cover construction costs over the next four to five years. In contrast, residential projects are typically funded by sales proceeds during construction.

Luxury Residential Project in Ghaziabad

In addition to the Noida project, Gaurs Group is investing Rs 1,300 crore in a high-end luxury development in Ghaziabad. This project, which will cover 514,008 square feet, is expected to generate Rs 3,000 crore in revenue.

Strong Demand for Residential Projects

Gaur highlighted that the residential segment is performing well, with projects selling out quickly due to strong demand. However, finding suitable land at the right price has become more challenging. Over the past three decades, Gaurs Group has delivered nearly 65,000 units.

Future Plans and Debt Reduction Strategy

Gaurs Group has completed around 40 residential and 15 commercial projects, developing a total of 65 million square feet, including three townships. The company plans to continue expanding, with future projects valued at around Rs 5,000 crore. Gaur also mentioned the company’s strategy to reduce its Rs 1,300 crore debt through Rs 4,500 crore in receivables from sold projects.

New Residential Project in Noida

The company is also preparing to launch another residential project in Noida’s Jaypee Greens, which will include around 300 apartments with a total development potential of one million square feet.

Since the introduction of the Real Estate Regulatory Authority (RERA), developers like Gaurs Group have become more focused on planning and designing projects carefully, as changes cannot be made after approvals have been granted.