NCR-based realty developer Gaurs group has acquired 12-acre land at Yamuna Expressway for Rs 175 crore.
The reserved price for 47755 square metre plot was Rs 33993.75 per Sq metre and the group acquired it for Rs 36714.2 per sq metre.
The group will develop a premium residential project with an investment of Rs 1,400 crore.
Gaurs Group has developed a 250-acre township on the expressway, which is home to more than 10,000 residents.
"We were among the first to invest in the region, even when the airport was just a dream. With the imminent operationalization of the airport, this region is set for exponential growth,” said Manoj Gaur, CMD, Gaurs Group.
The Group has got possession of the plot and has applied for map sanctions and other necessary approvals. The project will undergo RERA registration process after receiving all the approvals and any sales will commence post receiving the RERA registration number of the project.
"Sector 22-D is one of the most promising sectors along the Yamuna Expressway and is fast emerging as a future-ready destination for premium housing. With this investment, we are strengthening our footprints on Yamuna Expressway; this new project will have a potential topline of about Rs 2000 crore. We are also exploring the acquisition of more land parcels along the Expressway," said Sarthak Gaur, Director, Gaurs Group.
Beyond residential developments, Yamuna Expressway is also witnessing a surge in industrial, institutional, hospitality, and commercial activity. Several industries are already operational, while construction is underway for corporate offices, retail hubs, and recreational zones.
With the airport operations expected to commence soon, the region is poised to emerge as a corporate and lifestyle hub in the coming years.
The reserved price for 47755 square metre plot was Rs 33993.75 per Sq metre and the group acquired it for Rs 36714.2 per sq metre.
The group will develop a premium residential project with an investment of Rs 1,400 crore.
Gaurs Group has developed a 250-acre township on the expressway, which is home to more than 10,000 residents.
"We were among the first to invest in the region, even when the airport was just a dream. With the imminent operationalization of the airport, this region is set for exponential growth,” said Manoj Gaur, CMD, Gaurs Group.
The Group has got possession of the plot and has applied for map sanctions and other necessary approvals. The project will undergo RERA registration process after receiving all the approvals and any sales will commence post receiving the RERA registration number of the project.
"Sector 22-D is one of the most promising sectors along the Yamuna Expressway and is fast emerging as a future-ready destination for premium housing. With this investment, we are strengthening our footprints on Yamuna Expressway; this new project will have a potential topline of about Rs 2000 crore. We are also exploring the acquisition of more land parcels along the Expressway," said Sarthak Gaur, Director, Gaurs Group.
Beyond residential developments, Yamuna Expressway is also witnessing a surge in industrial, institutional, hospitality, and commercial activity. Several industries are already operational, while construction is underway for corporate offices, retail hubs, and recreational zones.
With the airport operations expected to commence soon, the region is poised to emerge as a corporate and lifestyle hub in the coming years.
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