Gaurs Group clocked possibly the biggest ever sale in real estate in the Delhi NCR region in 2018, selling close to 10,000 property units for a gross sales revenue of more than half a billion dollars, a press statement said.
The year 2018 has been incredible for the Gaurs Group. The group clocked a sale of nearly $500 million (Rs 3,900 crore) in Jan-Dec 2018, on a cumulative sale of 9,954 property units, which is perhaps the largest sale in a calendar year by any real estate developer in the country.
“Our group’s credo of ‘on-time, every time’ delivery in the 24 years, since inception, worked in our favour and translated into this outstanding achievement,” Manoj Gaur, MD of Gaurs Group, said.
There was a lot of ready-to-move inventory available due to sluggish real estate sentiment in the previous years. The Gaurs Group decided to offload the ready stock with lucrative schemes in Gaur City – its 237- acre integrated township – and, subsequently, in other projects.
Manoj Gaur pointed out, “Our group enjoys immense trust and faith of homebuyers, which is the biggest satisfaction I have today. The reasons behind the timely delivery over the years for the group are shuttering technology used in the construction and the financial discipline of utilizing funds. Also, the robust collections led to faster construction of our projects and early possession of three projects this year.”
Gaurs Group is gearing to invest Rs 4,000-5,000 crore in the affordable housing segment with 5-6 new launches this year. Soon, another mega commercial project will be launched within Gaur Yamuna City, the 250- acre township, which will house service apartments, along with facilities for shopping, entertainment, and a hotel – all at one place.