Gaur Yamuna City New Project in Expressway
Realty firm Gaursons on Friday said it has bought 300 acre land on Yamuna Expressway in Greater Noida from
Jaypee group for over Rs 1,500 crore to develop an integrated township.
Ghaziabad-based company would...
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Gaur Yamuna City New Project in Expressway
Realty firm Gaursons on Friday said it has bought 300 acre land on Yamuna Expressway in Greater Noida from
Jaypee group for over Rs 1,500 crore to develop an integrated township.
Ghaziabad-based company would launch the township by end of this year and plans to construct about 15,000
apartments in affordable segment.
"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," Gaursons India Managing Director
Manoj Gaur told reporters.
Jaypee Group has about 4,000 acre land alongside Yamuna Expressway, which was built by them only.
Gaur said the company has already paid about 25 percent of the total amount of the deal.
Asked about the source of the funding, he said it is through bank loans and internal accruals.
"We will launch the township in six months.
The project will have about 15,000 flats, plots, school, hospitals and
other
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