Gaurs Group is preparing to invest in establishing luxurious living spaces in Ghaziabad. The project will provide top-notch living spaces for those used to a premium lifestyle in Delhi-NCR. It’s also part of the Gaurs Group’s plan to expand its business. Gaurs Group’s luxury project aims to set a new standard in high-end living by offering exceptional homes in Ghaziabad.
Overview of Gaur NYC Residences
The newly launched project, ‘Gaur NYC Residences’, sprawls over 12 acres in Ghaziabad. The Gaurs Group’s luxury project includes 1,216 luxury apartments, and the entire inventory sold out within just three days of its launch. This rapid sale reflects the high demand for luxury homes in the region.
The success of the Sales
Manoj Gaur termed the project’s sales as a major triumph. The company recorded Rs 3,100 crore in sales from this initiative. With over 3,000 people wanting to buy, the company allocated the apartments through a lottery, streamed live on YouTube for fairness.
Investment and Development
The total estimated investment in Gaur NYC Residences is Rs 1,600 crore with Rs 1,200 crore exclusively for construction activities. It will have a developable area of over 30 lakh square feet. Gaurs Group plans to cover the construction costs using its funds.
Location and Features
Gaur NYC Residences Project under plots of 11.8 acres and over the Delhi-Meerut Expressway has 10 towers each 32 stories high with pan-view and ultra-modern facilities.
Reason for High Demand
Sarthak Gaur, Director of Gaurs Group, attributed the high demand received for this project to the credibility of the company, timely and continuous delivery, and strong brand value. Moreover, he said the demand for luxury homes has increased significantly, particularly in Delhi-NCR, since the pandemic.
Track Record of Gaurs Group
The Gaurs Group has been active in business for the past three decades. Initially known as Gaursons India Ltd, the company has since evolved significantly. In addition, they have also worked on shopping malls, schools, and solar plants.
Notable Projects
The group has completed several projects, including Gaur City, which houses nearly 30,000 families. The group has delivered a total of three townships so far. Additionally, they continue to expand into new ventures.
Surge in Luxury Housing Demand
Since the pandemic, more people want to buy luxury homes and invest in high-quality living spaces. A considerable growth in the desire for such properties has been noticed. This is evident from the strong sales of real estate companies like Gaurs Group, known for its reliable projects.
Conclusion
With Gaur NYC Residences, Gaurs Group has shown the rising demand for luxury homes in the Delhi-NCR area. The company’s great performance and focus on customer needs make it a leader in the industry.
