With over 30 years of experience, Gaurs Group (formerly Gaursons India Ltd) has developed more than 65 million sq ft of real estate and delivered 65,000 units. Gaursons India Private Limited is based in Delhi/NCR, incorporated in 1995 as a private limited company, and was founded by B.L. Gaur. Mr. Manoj Gaur is the present Managing Director, and Mr. Sarthak Gaur serves as a Group Director. The developer's footprint spans Noida, Ghaziabad, Greater Noida, and the Yamuna Expressway region. Its landmark township, Gaur City in Noida Extension, now houses nearly 30,000 families — a scale that few NCR developers have matched in a single project. In 2014, Gaursons launched a township project named Gaur Yamuna City on Yamuna Expressway land purchased from Jaypee Group. The group has also expanded into shopping malls, schools, hotels, solar energy, and construction.
The Sector 129 commercial project is a different order of ambition from the group's earlier township work. Gaurs Group is set to invest around ₹4,000 crore in this new commercial project in Noida, covering 17 acres, with plans to develop 5 million square feet of commercial space. According to Chairman and Managing Director Manoj Gaur, the programme breaks down to 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 ₹125 crore per year. This is the group's first explicitly rental-asset-oriented project at this scale in Noida, representing a deliberate move from sale-driven residential delivery toward institutional commercial income.
The project offers Grade-A retail and office space that are technologically advanced and thoughtfully designed to foster a productive and collaborative work environment. It aims to cater to the needs of businesses of all sizes, from startups to established corporations. The development carries a mixed-use character: it features thoughtfully designed office spaces and retail shops catering to businesses of all sizes.
Gaurs Group integrates environment-friendly technologies as part of its commitment to sustainable development. These sustainable features are designed to minimise the project's environmental impact and reduce power utility costs for occupants.
Sector 129 sits directly on the Noida-Greater Noida Expressway, next to the commercial hubs of Sectors 132 and 135, with IT parks in Sectors 128, 142, and 144 within 10 km. The sector is already known for its corporate presence, with established offices from companies such as Adobe and Sify in nearby sectors. This adjacency to an active commercial corridor is precisely the kind of established demand context that reduces leasing risk for a new rental-asset play.
The Noida-Greater Noida Expressway functions as an important commercial corridor, with Sectors 132 and 129 forming large commercial districts. Sectors 129 and 132 are observing growing rents from new commercial parks and SEZs nearby, with rental dividends typically around 6–7% owing to new construction and long-term rental cycles. That yield profile aligns directly with Gaurs Group's stated intent to build a rental income business here.
The upcoming Jewar International Airport also enhances accessibility, making the project a sought-after choice for businesses aiming to establish an NCR presence with future freight and passenger connectivity in mind. The airport is expected to enhance capital values by 20 to 30 per cent in peripheral locations and attract demand for retail, warehousing, and offices.
Sector 129 is well connected to the Aqua Line of the Noida Metro at Sector 142, and is served by private corporation buses, local bus services, and app-based cab services. By road, the sector is approximately five minutes from the Sector 137 metro station, fifteen minutes from Delhi, fifteen minutes from Greater Noida, and thirty minutes from the Yamuna and Eastern Peripheral Expressways. The site is also approachable from the DND Flyover and NH-24.
The Sector 142 station on the Aqua Metro Line is approximately 4 km away; the Gulshan One29 Mall — home to dining and entertainment — is within the sector itself; and DLF and Spectrum malls are within a 10 km radius. Yatharth, Max, and Felix hospitals are within a 6 km radius, and reputed schools including Delhi Public School and JBM Global are within 5 km. For a commercial tenant, this concentration of services within a short radius reduces the infrastructure burden on the development itself and makes it easier to attract and retain workforce.
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. Retail leasing has seen a 12–15% rise in 2024, making the corridor a strong location for retail shop owners and the food and beverage industry. The Noida-Greater Noida Expressway corridor is becoming a hotspot for commercial space, with MNCs and startups driving demand for both office and retail properties.
Gaurs Group enters this market with a financial commitment that matches the opportunity. The total investment of around ₹4,000 crore will be funded through internal savings and bank loans. With an impressive portfolio of 40 delivered projects and around 50 ongoing projects, the developer continues to expand its footprint across prime locations. The Sector 129 commercial development is the group's most capital-intensive single asset to date in Noida, and its rental-income orientation signals a long-term institutional approach rather than a short-cycle residential sale model.