On Friday, Gaurs Group launched the first phase of its new housing project in the Yamuna Expressway area, Gautam Buddha Nagar district.Gaur said that in the first phase of this 12-acre project, the company will develop around 950 units, with a salable area of 20 lakh sq. ft.
Another 250 units will be added in the second phase.
“We expect a turnover of around Rs 2,000 crore from the first phase,” Gaur said. Gaurs Group has launched this project at a base retail price (BSP) of Rs 8,000 per sq ft. The price of an apartment starts from Rs 1.9 crore. Sarthak said the company is seeing good customer response to this green, amenity-rich project.
The development of infrastructure projects, including the upcoming Jewar airport, would boost demand for residential and commercial properties in this region, he added.
Yamuna Expressway connects Noida and Greater Noida with Agra.
Sarthak also announced that the company would also develop a shopping mall and a five-star hotel along this highway.
In August, Gaurs Group had announced the acquisition of a 12-acre plot in Sector 22-D to develop this new residential project.
Gaurs Group will invest around Rs 1,400 crore to build this project.
“With the upcoming operation of the airport, this region is poised for exponential growth. Yamuna Expressway is the city of the future, and we are proud to be shaping it,” said Gaurs Group CMD Manoj Gaur.
Since its inception, Gaurs Group has developed over 65 million square meters of land area and delivered 75,000 units in 70 projects, including three townships.
Gaurs Group focuses on the markets of Noida, Greater Noida and Ghaziabad.
The Group has diversified into the education, sports and solar energy sectors.
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