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The Top 50 Real State & Infra Company- RANK 48, Gaurs Group, Manoj Gaur, MD

Cover Story

Gaursons India, based in NCR, is changing its business model. The company has always been into developing townships but may not take up new projects of large sizes any more. Gaur prefers to build smaller projects of 10-12 acres that can be completed in 3-4 years. This is mainly because large land parcels are scarce. Moreover, with RERA the financial model has changed and projects have become time-bound.
Last year, the company said it would invest Rs 150 crore to develop a luxury residential project in Noida, and also enter the affordable housing segment in a big way to tap rising demand for low-cost homes. It has plans for 10,000 low-cost homes.
It is also investing Rs 150 crore in its education business as it plans to open two schools and one institution for higher studies in Uttar Pradesh. In 2014, the company had forayed into education sector and opened ‘Gaurs International School’ in its township at Greater Noida (West).

The company has always been into developing townships but may not take up new projects of large sizes any more. Gaur prefers to build smaller projects of 10-12 acres that can be completed in 3-4 years.

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May 2020
11 May 2020