Gaurs Group to invest Rs 4,000 cr to build 17 acre project in Noida: CMD

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Gaurs Group to invest Rs 4,000 cr to build 17 acre project in Noida: CMD - Business Standard

Quick Summary:

Realty firm Gaurs Group will invest about Rs 4,000 crore to develop a 17-acre commercial project in Noida as part of its strategy to build rental assets, a top company official said.

Gaurs Group Chairman and Managing Director (CMD) Manoj Gaur said the company will develop 5 million (50 lakh) sq ft of commercial space in the upcoming Grade-A project.

He said the company will develop the project on lease model to boost its annual rental income that currently stands at more than Rs 125 crore.