Estate Avenues - February 2019

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Gaurs Group pays Rs 340 crores debt To
Indiabulls

Gaurs Group, a leading name in NCR realty
has provided an exit to Indiabulls by paying
back a debt of Rs 340 crores. The debt was
raised 1.5 years back and was used for the
construction of Gaur City Mall in Greater
Noida West.
Gaurs Group in recent times has done
tremendous sales in most of its projects.
The group had sold over 5000+ properties,
which are both residential and commercial
worth 2000 crores in the first six months
of this Fiscal Year. And recently during
the festive season starting October 10 and
ending November 7, Gaurs Group sold
another 1000+ housing units for more than
400 crores.
With such humongous sales and to boost
the descending confidence of housing
finance companies, the group plans to pay
back most of its debts which were raised in
the last few years.

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