Gaurs Group, a leading realty firm in Delhi-NCR, has successfully raised Rs 440 crore through its first public issuance of non-convertible debentures (NCDs).
The funds raised will be utilized for business expansion, including land acquisitions, construction, project execution, and the repayment of high-cost borrowings. Gaurs Group's Director, Sarthak Gaur, emphasized that the successful NCD subscription highlights the company's financial resilience and strengthens its credibility with institutional investors.
With a track record of developing over 100 million sq. ft. and delivering 75,000 units across 70 projects, Gaurs Group continues to be a dominant player in the real estate sector.