Gaurs Group, a prominent Delhi-NCR based real estate developer, announced on Monday that it has successfully raised ₹440 crore through its inaugural public issuance of non-convertible debentures (NCDs). The issue received strong institutional support, being fully subscribed by three leading mutual funds in the country, highlighting investor confidence in the company's growth prospects and financial stability.

Debenture Issuance Details

The debentures were issued by Gaursons India Pvt Ltd, the group's holding company, and will be listed on the National Stock Exchange (NSE). This marks the company's first foray into public debt issuance, representing a significant milestone in its capital raising strategy.

Fund Utilization Strategy

The raised capital will be deployed across multiple strategic initiatives to support the company's expansion plans. The funds will be utilized for business requirements including land acquisition activities, construction and project execution, repayment of higher-cost borrowings, and general corporate purposes. This diversified approach to fund utilization demonstrates the company's comprehensive growth strategy and focus on optimizing its capital structure.

Management Perspective

Gaurs Group Director Sarthak Gaur emphasized the significance of this successful fundraising exercise, stating that the successful subscription of the NCD issue underscores the group's financial resilience and its growing credibility with institutional investors. He noted that the NCD issuance provides the company with greater flexibility to support expansion while maintaining a prudent capital structure.

Company Track Record

Gaurs Group has established a strong presence in the Delhi-NCR real estate market with an impressive development portfolio. The company has demonstrated consistent execution capabilities across residential and commercial segments.

The successful completion of this debenture issuance positions Gaurs Group to accelerate its growth plans while maintaining financial discipline. The strong institutional investor response reflects confidence in the company's business model and execution capabilities in the competitive Delhi-NCR real estate market.

Gaurs Group, a prominent real estate developer, has launched the first phase of a new premium housing project along the Yamuna Expressway in Gautam Buddha Nagar district. The company aims to generate ₹2,000 crore in revenue from this ambitious venture, marking a significant expansion in the rapidly developing region.

Project Highlights

Phased Development

The project is set to be developed in multiple phases:

• First Phase: 950 units with 20 lakh square feet of saleable area
• Second Phase: Additional 250 units (planned)

Additional Developments

Gaurs Group has plans for the area, including:

• Development of a shopping mall
• Construction of a 5-star hotel along the Expressway

Market Outlook

Sarthak Gaur, Director of Gaurs Group, expressed optimism about the project, citing strong demand in the region. The company anticipates further growth driven by the upcoming Jewar airport, which is expected to boost the area's economic prospects.

Company Track Record

Gaurs Group has established a strong presence in the real estate sector:

• Previously developed a 150-acre township on Yamuna Expressway
• Delivered 75,000 units across 70 projects since inception

This new project underscores Gaurs Group's continued commitment to expanding its footprint in the Yamuna Expressway region, capitalizing on the area's growth potential and infrastructure developments.