Gaurs Group, a prominent real estate firm, is gearing up for its Initial Public Offering (IPO) as part of its strategy to tap into growing consumer demand and broaden its business footprint, according to its Chairman and Managing Director. The company has been buoyed by the strong performance of its recent luxury housing project in Ghaziabad, which raked in Rs 3,100 crore in sales within just three days.

IPO Plans and Future Expansion

The group has announced its intentions to launch the IPO within the next 18 months. As per insiders, the company has initiated internal preparations, hiring financial, tax, and legal consultants to guide them through the process. However, the firm has yet to appoint merchant bankers for the listing.

The IPO is part of Gaurs Group’s larger plan to expand its presence in the Delhi-NCR market, with additional residential projects on the horizon. The company is also venturing into commercial real estate, planning to develop malls, hotels, office spaces, and educational institutions to generate stable rental income.

Real Estate Market Boom Post-Pandemic

Experts in the real estate sector have noted a robust performance in both the property and stock markets. With a sharp increase in demand for residential properties, particularly luxury homes, Gaurs Group is well-positioned for growth. The surge in demand for high-end residences has been especially noticeable since the COVID-19 pandemic, as consumers seek premium living spaces.

The company is optimistic about the future of the real estate market. According to industry data, housing sales in Delhi-NCR surged to 10,198 units during the April-June quarter this year, compared to 9,635 units in the same period last year.

Legacy of Gaurs Group

With over three decades of experience in the real estate market, Gaurs Group has established a significant presence. The company, formerly known as Gaursons India Ltd, has developed over 65 million square feet of real estate and delivered 65,000 housing units. The Group’s flagship township, Gaur City in Noida Extension, is currently home to 30,000 families.

In addition to residential projects, Gaurs Group has ventured into allied sectors such as shopping malls, hotels, and solar plants, further diversifying its portfolio.

Luxury Project Success in Ghaziabad

Earlier this month, Gaurs Group launched a 12-acre luxury housing project in Ghaziabad, featuring 1,200 units. The project, named ‘Gaur NYC Residences,’ saw tremendous demand, with more than 3,000 expressions of interest from potential buyers. The entire project was sold out within three days, generating Rs 3,100 crore in sales.

The company has allocated around Rs 1,600 crore to develop this luxury project, reflecting its confidence in the continued demand for premium properties in the region.

A Bright Future Ahead

Gaurs Group’s upcoming IPO and expansion plans come at a time of strong momentum in the real estate market. With a solid track record, a robust land bank, and a keen eye on future developments, the company is set to capitalize on the opportunities presented by a post-pandemic surge in real estate demand.