Gaurs Group to Invest ₹1,600 Cr in New Luxury Housing Project in Ghaziabad
Realty firm Gaurs Group will invest around ₹1,600 crore to develop its new luxury housing project, Gaur NYC Residences, in Ghaziabad, Uttar Pradesh. The project, spread over 12 acres, consists of 1,216 apartments, all of which have been sold.
Of the total investment, ₹1,200 crore will be allocated for construction, funded through internal accruals. The development spans over 30 lakh sq. ft., with strong demand driven by Gaurs Group's project delivery track record and the growing need for premium living spaces in the Delhi-NCR region. Located along the Delhi-Meerut Expressway, the project features 10 towers, each with 32 storeys.