The Real(ty) Snips: Wednesday Roundup
The Real(ty) Snips: Wednesday Roundup. Your inside track to the latest Delhi NCR real estate landscape from KnowbleR.
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Gaurs Group Plans IPO Within Two Years, Eyes Luxury Project Launches
Real estate developer Gaurs Group is planning to launch an Initial Public Offering (IPO) within the next one to two years. The company is also focusing on expanding its luxury project portfolio, with several high-end developments in the pipeline. This strategic move reflects Gaurs Group's growth ambitions and confidence in the luxury real estate market, particularly in the National Capital Region. The planned IPO could provide the company with additional capital for expansion and enhance its market position.
NMRC Offers Three Commercial Plots Near Okhla Bird Sanctuary Metro Station
The Noida Metro Rail Corporation (NMRC) has announced the availability of three commercial plots near the Okhla Bird Sanctuary metro station. These plots, ranging from 6,000 to 10,000 square meters, are being offered on a 99-year lease. The initiative aims to boost commercial development around metro stations and generate non-fare revenue for NMRC. Interested parties can apply until February 5, with the allotment process set to be completed by February-end.
Noida Authority to Launch 1,200 Plots Across Multiple Schemes
The Noida Authority is set to launch approximately 1,200 plots across various schemes, including residential, commercial, and industrial categories. The plots range from 60 to 4,000 square meters and will be available in different sectors of Noida. This initiative aims to meet diverse property demands and boost urban development in the region. The scheme is expected to attract both individual buyers and investors, potentially stimulating Noida's real estate market.
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