Gaurs group targets Rs 3,000 crore revenue from Ghaziabad project

NCR-based real estate developer will invest Rs 1,300 crore to develop a high-end luxury project in Ghaziabad.

The company expects Rs 3,000 crore revenue from the project which will have developed area of 5,14,008 sq ft.

The project offers about 1,200 luxury apartments of 4 configuration and a starting price of about Rs 2.5 crore and it has been oversubscribed three times within just 24 hours of receiving RERA approval.


The project which is currently in its pre-launch phase received expression of interest(EOIs) from more than 3,000 interested customers.

Sarthak Gaur, Director, Gaurs Group confirmed the response from buyers and said the company has delivered almost 65,000 units, in three decades of operations.

Gaur NYC Residences, positioned as Ghaziabad's first ultra-luxury residential project, has been designed to reflect New York-style living.

The oversubscription of Gaur NYC Residences highlights a strong and sustained demand for luxury properties in NCR, driven by a combination of strategic location, unique architectural features, and the rising aspirations of affluent homebuyers.

Gaurs Group has completed over 40 residential and 15 commercial projects.

Having developed over 65 million sq. ft. of area and completed three township projects, Gaurs Group continues to expand its portfolio and has plans to launch more such real estate projects of a value of more than Rs 5,000 crore.