NEW DELHI: Delhi-NCR based real estate major Gaurs Group said that it has sold over 5000 units within a span over 4 months.
These 5000+ properties which are both residential and commercial in nature have resulted in sales of a total area of 4.5 million sq ft.
Gaurs Group which previously had a share of over 4% in Indian real estate when it delivered over 14,000 units in FY 14-15 has yet again created a record in otherwise sluggish realty market. The group had launched multiple schemes across all projects though majorly focusing on its township project in Greater Noida West called GAUR CITY. The township project spreads across 237 acres has over 25000 apartments which now are ready to move in and over 12000 families have already moved into it.
The limited period scheme witnessed one of the largest footfall of home seekers, ever seen in the region with almost 20000 families registering at all the project sites. On few weekends the footfalls of visitors crossed more than 3000 as well. The record sales has brought a huge boost ṭo the entire region and has also supported other developers to up their sales. This also clearly suggests that real estate market is now an end user market who would invest only in trusted brand and also the demand for ready to move in apartments is huge.
Gaurs Group has been developing residential & commercial projects since last 23 years and has delivered over 40,000 units. The group today is developing projects like Gaur City, Gaur Saundaryam, Gaur Yamuna City, Gaur Siddhartham, Gaur Atulyam and Gaur Sportswood and also has forayed into luxury segment with Gaurs Platinum Towers and Gaur Mulberry Mansions. The group’s focus currently is on NCR but may further expand. The group also has diversified business interests in education, retail and has recently announced its venture in hospitality.
Manoj Gaur, MD, Gaurs Group and also the Vice President, CREDAI NATIONAL, said, “Indian real estate is a very buoyant market. With RERA & GST both getting implemented quite well, the buyers are back in the market. People have faith over developers who have delivered in past and who have been constructing the projects against all odds. This market will now be an end user market which would actually be the most sustainable.”
He also added, “post the tremendous response from people we are also planning to work towards affordable housing and also launch 1-2 projects in every quarter until 2020”.