Jewar Airport Hype Fuels ₹2,000 Crore Dream: Gaurs Group Launches Mega Project on Yamuna Expressway!

Gaurs Group is targeting a revenue of Rs 2,000 crore from its new premium housing project situated in the Yamuna Expressway region, a development heavily influenced by the anticipated demand surge from the nearby Jewar airport. The company has a significant existing presence in the area, having previously developed a 250-acre township. The new project, spread across 12 acres, will see its first phase comprising around 950 units with a saleable area of 20 lakh sq ft. A second phase will add another 250 units.

The project has been launched with a basic selling price (BSP) of Rs 8,000 per sq ft, with apartment prices starting from Rs 1.9 crore. Gaurs Group highlights strong customer interest in the project, emphasizing its green features and modern amenities.

The strategic location near infrastructure developments, particularly the Jewar airport and the Noida-Agra connecting Yamuna Expressway, is expected to significantly boost demand for both residential and commercial properties. In addition to the residential component, Gaurs Group plans to develop a shopping mall and a five-star hotel along the Expressway. The company is investing approximately Rs 1,400 crore in this new development, acquired on a 12-acre land parcel in Sector 22-D.

Manoj Gaur, CMD of Gaurs Group, stated that the region is poised for exponential growth with the airport's upcoming operationalisation, calling the Yamuna Expressway 'the city of the future'. Gaurs Group has a substantial track record, having developed over 65 million sq. ft. of area and delivered 75,000 units across 70 projects.

Impact: This development is expected to positively impact the real estate sector in the NCR region, particularly along the Yamuna Expressway. Increased infrastructure, such as the Jewar airport, typically drives demand for residential and commercial spaces, potentially leading to appreciation in property values and economic activity. For investors, it signifies potential growth opportunities in real estate and related sectors. Rating: 7/10

**Definitions:** **Premium housing project**: Residential properties that are high-end, offering luxury features, better amenities, and prime locations, typically at a higher price point. **Township**: A large, self-contained residential and commercial development with integrated facilities like schools, hospitals, shopping centers, and recreational areas. **Saleable area**: The total area of a property that can be sold to customers, usually including the carpet area, wall thickness, and a proportionate share of common areas. **Basic Selling Price (BSP)**: The minimum price per square foot at which a property is offered for sale, before additional charges like development fees, car parking, or club membership are added. **Commercial properties**: Real estate used for business purposes, such as offices, retail stores, shopping malls, and hotels, as opposed to residential properties. **CMD (Chairman and Managing Director)**: The highest-ranking executive in a company, responsible for both strategic direction (Chairman) and day-to-day operations (Managing Director).