NCR-based Gaurs Group that completes 30 years this year, plans to launch its Initial Public Offering (IPO) in the next one or two years even as it gears up to announce more ultra-luxury housing, office, hotels, schools, retail, sports, and hotel projects in near future. "We are planning to launch our IPO in the next one or two years,” said Manoj Gaur, chairman and managing director of Gaurs Group . He said that demand in the real estate market continues to remain robust and the company intends launching projects across verticals - housing, commercial, hotels, schools, retail, and sports.
The company is exploring to add more land parcels in its portfolio. It recently launched a 12-acre luxury project comprising around 1200 apartments in Ghaziabad with unit prices starting at ₹ 2 crore. The luxury housing project called ‘Gaur NYC Residences’ was sold in three days with a total sales value of ₹ 3,100 crore.
Also Read: NCR-based Gaurs Group expects a revenue of around ₹ 3000 crore from its ultra-luxury project in Ghaziabad The company is expected to launch another ultra luxury project in the NCR market soon, he said. Demand for luxury housing on the rise Asked why is there a spurt in the launch of ultra luxury projects in Noida and Ghaziabad, Gaur told HT.com that luxury housing has taken off in a major way after the pandemic as homebuyers are aspiring to move into bigger homes with better amenities.
“Earlier the competition centered around how to make homes more af.