Gaurs Group to launch IPO within 18 months

19 Sep 2024 CW Team

Gaur stated that the company also plans to develop commercial assets, including malls, hotels, office spaces, and educational institutions, to generate stable rental income. "We are planning to launch our IPO in the next 18 months. Internally, we have started the preparation to get listed on the stock exchanges," Gaur said. He noted that both the property and stock markets are currently performing well, indicating a strong potential for expansion and growth.

As Chairman of CREDAI, Gaur emphasised the company's confidence in the continued strong demand in the real estate market. Gaurs Group possesses a land bank for real estate development and is actively exploring additional land acquisitions to expand its portfolio. While the company has enlisted financial, tax, and legal consultants for the IPO, it has not yet appointed merchant bankers.

With over three decades of experience, Gaurs Group (formerly Gaursons India Ltd) has developed more than 65 million square feet and delivered 65,000 units. The group has also ventured into allied sectors, including shopping malls, schools, hotels, solar plants, and construction. It has delivered three townships to date, including the prominent Gaur City in Noida Extension, which currently houses around 30,000 families.

Earlier this month, the company launched a 12-acre luxury housing project in Ghaziabad, comprising around 1,200 units. The project, named 'Gaur NYC Residences,' sold out within three days, achieving a total sales value of Rs 31 billion. The company plans to invest around Rs 16 billion in developing this new luxury housing project. Gaur mentioned that demand for the project was high, with more than 3,000 expressions of interest from potential buyers.

The demand for residential properties, particularly luxury homes, has surged post-COVID-19. Builders with a solid track record are experiencing increased demand for their properties. According to PropEquity, housing sales in Delhi-NCR rose to 10,198 units during April-June this year, up from 9,635 units in the same period last year.

(ET)

Real estate firm Gaurs Group is planning to launch its Initial Public Offering (IPO) within the next 18 months as it seeks to expand its business amid strong consumer demand, according to CMD Manoj Gaur. Following the successful launch of its luxury housing project in Ghaziabad, which generated Rs 31 billion in sales in just three days, the company aims to broaden its footprint across the Delhi-NCR market. Gaur stated that the company also plans to develop commercial assets, including malls, hotels, office spaces, and educational institutions, to generate stable rental income. We are planning to launch our IPO in the next 18 months. Internally, we have started the preparation to get listed on the stock exchanges, Gaur said. He noted that both the property and stock markets are currently performing well, indicating a strong potential for expansion and growth. As Chairman of CREDAI, Gaur emphasised the company's confidence in the continued strong demand in the real estate market. Gaurs Group possesses a land bank for real estate development and is actively exploring additional land acquisitions to expand its portfolio. While the company has enlisted financial, tax, and legal consultants for the IPO, it has not yet appointed merchant bankers. With over three decades of experience, Gaurs Group (formerly Gaursons India Ltd) has developed more than 65 million square feet and delivered 65,000 units. The group has also ventured into allied sectors, including shopping malls, schools, hotels, solar plants, and construction. It has delivered three townships to date, including the prominent Gaur City in Noida Extension, which currently houses around 30,000 families. Earlier this month, the company launched a 12-acre luxury housing project in Ghaziabad, comprising around 1,200 units. The project, named 'Gaur NYC Residences,' sold out within three days, achieving a total sales value of Rs 31 billion. The company plans to invest around Rs 16 billion in developing this new luxury housing project. Gaur mentioned that demand for the project was high, with more than 3,000 expressions of interest from potential buyers. The demand for residential properties, particularly luxury homes, has surged post-COVID-19. Builders with a solid track record are experiencing increased demand for their properties. According to PropEquity, housing sales in Delhi-NCR rose to 10,198 units during April-June this year, up from 9,635 units in the same period last year. (ET)

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..