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 issue was fully subscribed by three prominent mutual funds in the country and will be listed on the National Stock Exchange (NSE). 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.