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Noida: Gaursons acquires 300 acres land in Noida from Jaypee Group

Real estate developer Gaursons announced that it has bought around 300 acres land for Rs. 1,500 Cr. from another realty developer Jaypee Group. The company has acquired the land to develop an integrated township on Yamuna Expressway in Greater Noida. The group further informed that this township which will be launched by the end of this year will include around 15,000 flats in affordable segment.

 

Manoj Gaur, Managing Director – Gaursons India stated during an interview with Press Trust of India (PTI), “We have purchased 300 acre land from Jaypee Group on Yamuna Expressway for more than Rs 1,500 crore. The agreement between the two companies has already been signed and around 25 percent of the total amount of the agreement has already been paid.”

 

He further added that this integrated township will include flats in the range of Rs. 25 to Rs. 40 lakh, plots, schools, healthcare units, etc.

 

Favista’s views: Looking at the growing property demand in Greater Noida, Gaursons has taken a right decision. In partnership with Saviour, the group had also launched 240 acre township ‘Gaur City’ in Noida Extention.


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