Founded in 1995 by B.L. Gaur, the company began with a modest apartment project in Sahibabad and has since expanded to deliver over 65 projects, encompassing more than 60 million square feet of developed area across the National Capital Region. What started as a residential builder in Ghaziabad has evolved into one of the most volume-heavy developers in NCR — and Noida is now a deliberate next chapter in that story.
With a legacy spanning over three decades, Gaurs Group has developed over 65 million sq. ft. and delivered 65,000 units. Under Chairman and Managing Director Manoj Gaur, who serves as Chairman of CREDAI National (2023–2025) and President of CREDAI-NCR, the group has earned recognition for timely delivery, quality construction, and adherence to regulatory standards such as RERA, serving over 75,000 customers.
By the late 2000s, the company had increased its focus on larger-scale developments, launching its first major township project, Gaur City, in Greater Noida West in 2007, which marked its entry into high-growth suburban markets. The group has delivered three townships to date, of which the notable one is Gaur City, which is home to almost 30,000 families today.
This move was followed by further regional expansion post-2010, including the acquisition of land along the Yamuna Expressway, where the group launched Gaur Yamuna City in 2014 as an integrated township spanning 250 acres. The group has also expanded into shopping malls, schools, hotels, solar energy, and construction. This diversification — malls such as Gaur Central Mall in Ghaziabad, a 15 MW solar plant in Mahoba, and its own school chain — means the developer typically brings more than just residential blocks to each geography it enters.
Starting from developing builder floors, the group has delivered more than 80 residential and commercial projects, including three large integrated townships in North India. Notably, Gaurs Group delivered over 50,000 units for possession between 2014 and 2023. That delivery volume, sustained through a decade that included multiple market slowdowns, is the baseline against which its Noida commercial ambitions should be read.
Gaurs Group is set to invest around Rs 4,000 crore in a new commercial project in Noida. The company aims to build rental assets, and the project will cover 17 acres. According to Chairman and Managing Director Manoj Gaur, the development will feature 5 million square feet of commercial space. This is the group's single largest commercial commitment in Noida, and its location is deliberate.
With an 18-acre plot on the bustling Noida Expressway, Gaurs Group aims to create a commercial hub that promises to redefine the landscape of Noida's commercial sector. The planned programme breaks down into 2.5 million sq. ft. for retail spaces, 2 million sq. ft. for office spaces, and a hotel with over 300 rooms. Gaurs Group plans to lease out these spaces to boost its rental income, which already exceeds Rs 125 crore per year. The Sector 129 project, therefore, is not a one-off sale play — it is designed to be a long-term income asset for the developer, which aligns the group's incentives with those of commercial tenants and investors seeking occupancy stability.
The project offers Grade A retail and office space that are not only technologically advanced but also thoughtfully designed to foster a productive and collaborative work environment. The complex features advanced security infrastructure including CCTV cameras, RFID booming barriers, and automatic smart access control systems. The project also incorporates sustainable features to minimize environmental impact and reduce power utility bills.
Sector 129 is a high-impact commercial corridor — projects like Gulshan One29 already draw corporate offices, retail, and entertainment seekers. Expressway frontage and institutional zone proximity give it long-term price stability and growth. For a developer whose rental income model depends on sustained occupancy, those fundamentals matter more than short-term presale velocity.
Sector 129 and nearby Sectors 132 and 126 are home to major corporate offices including Genpact and MetLife, providing a steady customer base for retail and food-and-beverage occupiers. The nearest metro station from the Gaurs Sector 129 project is Sector 142 Noida, approximately four minutes away. That proximity to the Aqua Line metro, combined with direct Noida–Greater Noida Expressway frontage, gives commercial tenants the dual-access configuration that GCC and IT occupiers now expect.
The project also benefits from excellent connectivity through the Noida–Greater Noida Expressway and Yamuna Expressway. The upcoming Jewar International Airport further enhances its accessibility, making it a sought-after commercial destination for businesses aiming to establish a presence in NCR.
Noida accounted for 33% of NCR's total office absorption in 2024, surpassing expectations and drawing in global players from tech, fintech, consulting, and logistics. GCC leasing grew 18% year-over-year in 2024 and is expected to increase further in 2025. This is the demand backdrop against which the Sector 129 office component is positioned.
Retail leasing has seen a 12–15% rise in 2024, making it a strong environment for retail shop owners and the food-and-beverage industry. Data from 2024–2025 indicates that Noida's commercial market has demonstrated unprecedented resilience and growth rates — while the residential market saw stability, commercial assets recorded capital appreciation of up to 26.3%.
Rental yields for commercial offices in Noida typically range from 8% to 10%, depending on the sector, project quality, and tenant profile. For a project of the scale Gaurs is building — with a hotel component to anchor footfall and a developer-as-landlord model — those yield benchmarks are structurally relevant to how the asset will be managed post-completion.
The group, long known as a leader in affordable housing, has under Manoj Gaur's leadership brilliantly transformed into a luxury housing company in the last three years. The Sector 129 commercial project represents a parallel strategic shift: building recurring rental income rather than one-time residential sales. Gaurs Group aims to grow its housing business while building steady rental income from commercial assets like malls, hotels, offices, schools, and convention centres.
A data point that illustrates the group's current market position: Gaur NYC Residences, a luxury project by Gaurs Group, generated Rs 3,100 crore in sales, with over 3,000 Expressions of Interest received within 24 hours of RERA approval — all 1,200 units were sold by the third allotment day. That kind of absorption rate reflects brand equity that the group now has reason to deploy into its commercial pipeline, including the Noida Expressway project.