Connect with us

Main

Gaurs Group, India’s leading realty group posts 500% YOY growth in Q2

Manoj

New Delhi- Gaurs Group, a leading name in NCR realty has posted a whopping growth of 500% YoY in Q2 of FY 18-19. The growth is the result of its increased sales in group housing projects.

Gaurs Group, a leading name in Indian realty since 23 years has sold 3185 units in Q2 in comparison to 538 units sold in Q 2 during last financial year. This year also saw a growth in number of projects which increased from 26 to 31, clearly showing an increasing demand for housing in Noida market. Over all the revenue in Q2 of FY 18-19 was INR 1320 crores in comparison to 220.4 crores in same quarter of last financial year. The major sales as per company’s data, is divided equally in ready to move-in properties and under construction projects which includes Gaur city 1 & 2, Gaurs Siddhartham, Gaurs Platinum Towers, Gaur Saundaryam,  Gaur Atulyam, Gaur Sportswood and Gaur Yamuna City.

Manoj Gaur, MD, Gaurs Group says, “We have been witnessing an upsurge in residential sales since the beginning of the FY. In fact in Q1 we did over 3100 property bookings which itself was very good. The good run continued in the 2nd quarter as well, in spite of less inventory available. Moving forward we expect the year to end on a good note, as post implementing RERA, the confidence of the buyers seems to have increased. We at Gaurs are 100% RERA compliant company and all our projects are RERA certified. A customer knows that his investment is safe with us and we will deliver on time.”

The realty group had recently announced its venture into affordable housing along with plans to expand in hospitality and education sector. The group has major land bank on Yamuna Expressway and is scouting for more land to develop affordable housing.

Latest News

News1 day ago

The real estate sector reacted cautiously to the Union Budget 2023. Here are the excerpts from a cross section of industry stalwarts

Harsh Vardhan Patodia, President, CREDAI National “Through the Union budget 23 – 24, the Government continues to focus on the empowerment...

News1 day ago

Affordable housing gets push in Budget 

New Delhi, Feb 1, 2023:  Union finance minister Nirmala Sitharaman on Wednesday announced an outlay of ₹79,000 crore, an increase of...

Events1 day ago

Art competition at Spectrum Metro 

Noida: Spectrum Metro, in collaboration with Motherhood Women’s and Children’s Hospital, organised a drawing and painting competition on January 26,...

News1 day ago

Housing prices start moving up post Covid, buoyant real estate along with construction activities create jobs, says Economic Survey

New Delhi: The Economic Survey tabled in the Parliament on Tuesday, said that housing prices have started firming up after...

News2 days ago

Andhra Pradesh Kicks-Off Global Investors’ Summit 2023 with Diplomatic Meet: Over 40 Nations Participate, Among Business Delegations & Captains of the Industry

New Delhi, January 31, 2023: The Curtain Raiser to the Andhra Pradesh Global Investors’ Summit 2023, started on Tuesday with...

News2 days ago

Pacific D21 Mall, Dwarka, hosts Tekken India’s Delhi Iron Fist Tournament 2023

New Delhi: Pacific D21 Mall, Dwarka, hosted gaming tournament, Tekken India’s Delhi IronFist 2, on January 28-29, 2023. The event...

Trending