Gaurs Group’s latest project — Gaur NYC Residences — has achieved a significant milestone by being oversubscribed three times within just 24 hours of receiving the RERA approval, according to the company.
The project, which is currently in its pre-launch phase, received expressions of interest (EOIs) from more than 3000 interested customers. Valued at over Rs 3,000 crore and strategically located on a 12-acre plot along the Delhi-Meerut Expressway, this project has captured the attention of the NCR real estate market, setting a new benchmark for ultra-luxury residential developments.
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Gaur NYC Residences, positioned as Ghaziabad’s first ultra-luxury residential project, has been designed to reflect New York-style living. The project offers about 1200 luxury apartments in 4 configurations, at a starting price of about Rs 2.5 crore. The development is part of the Gaurs Group’s broader strategy to tap into the growing demand for high-end living spaces in the region. This is the Group’s third ultra-luxury project, further reinforcing its presence in the prestigious Wave City.
On being asked about the remarkable interest people have exhibited in Gaur NYC Residences, Sarthak Gaur, Director, Gaurs Group, said that the response speaks about the trust people have in the Gaurs Group. “It speaks about our commitment to delivering exceptional homes and our Group’s dedication towards total customer satisfaction. In three decades of our operations, we have delivered almost 65000 units, which is home to as many happy families. We are glad that the project has captured people’s imagination and are committed to taking Gaur NYC Residences into the league of NCR’s iconic residential projects.”
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As per market analysis, the rapid oversubscription of Gaur NYC Residences highlights a strong and sustained demand for luxury properties in NCR, driven by a combination of strategic location, unique architectural features, and the rising aspirations of affluent homebuyers. The project’s features, including a clubhouse inspired by Madison Square and a 118-meter-long swimming pool, emphasize the growing trend of homebuyers seeking not just residences but comprehensive lifestyle experiences.
Spanning 11.80 acres, Gaur NYC Residences consists of ten towers, each rising to 32 floors, offering spacious apartments in configurations of 4 bedroom, 4 bedroom + servant etc. The design and amenities reflect the increasing preference for homes that combine luxury with functionality, catering to the needs of a discerning clientele.
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The Gaurs Group, with its legacy of over three decades in the real estate sector, has completed over 40 residential and 15 commercial projects, with deliveries of almost 65,000 units, out of which 15,000 units were delivered in 2015 alone. Having developed over 65 million sq. ft. of area and completed three township projects, it continues to expand its portfolio and has plans to launch more such iconic real estate projects of a value of more than Rs 5,000 crore.
