Gaurs Group Plans ₹3,000 Crore Mixed-Use Commercial Development on 18 Acres in Noida Sector 129
Gaurs Group Plans ₹3,000 Crore Mixed-Use Development on 18 Acres in Noida Sector 129
Gaurs Group has announced plans for an 18-acre mixed-use commercial project in Noida's Sector 129, featuring 2.5 million sq ft of retail space, 2 million sq ft of A-Grade office space, a convention centre, and a hotel, with a projected investment of ₹3,000 crore. The facility will be operated under a lease model, positioning it as one of the largest retail developments in Noida upon completion.
Project Scope and Asset Class
The commercial development is designed as a mixed-use facility featuring 2.5 million square feet dedicated to retail outlets and 2 million square feet for A-Grade office spaces, alongside a convention centre and hotel. The development reflects Gaurs Group's focus on creating future-ready commercial spaces that cater to the evolving needs of retail and office sectors.
The lease-based rental model aligns with Gaurs Group's strategic shift toward income-generating commercial assets. The company has announced a ₹4,000 crore investment in a 17-acre commercial development in Noida scheduled for 2024–25, focusing on creating lease-based rental assets designed to generate consistent long-term income streams.
Location and Connectivity
Sector 129 is located on the Noida Expressway, one of the most premium locations in Delhi NCR, which provides smooth connectivity and plays a crucial role in rental and property appreciation. The sector is well connected to every part of Delhi NCR, with connectivity playing a pivotal role in making it one of the most accessible and premium sectors in the Noida region.
The area has famous corporates like Adobe, Sify, HDFC, and Infosys nearby, as well as popular commercial projects like Orion One32, ATS Bouquet, and Exotica One32.
Gaurs Group's Footprint and Growth Plans
Founded as Gaursons India Ltd, Gaurs Group has spent three decades at the forefront of India's real estate landscape, with a portfolio that includes residential and commercial developments, shopping malls, schools, hotels, solar plants, and large-scale townships. With over 25 years of experience, the group has 100,000+ happy customers, 51,000,000+ sq ft of areas developed, and 44 projects delivered.
Gaurs Group is restructuring and preparing to launch an IPO, aiming to raise funds for a massive commercial project in Noida and future acquisitions. The company is eyeing several land parcels for future development and aims to launch real estate projects valued at ₹5,000 crore across multiple verticals.
Beyond commercial real estate, Gaurs Group has expanded into luxury housing, with their recently launched Gaur NYC Residences in Ghaziabad—a 12-acre luxury project comprising around 1,200 apartments with prices starting at ₹2 crore—selling out within three days and generating ₹3,100 crore in total sales.
Noida's Commercial Market Context
Sector 129 includes commercial projects such as Gulshan 129, Status Mall, Paras Avenue 129, and others that offer shops and offices at affordable prices with good rental income potential. The average property price for residential projects in Sector 129 is approximately 7 to 8 thousand per square foot, while for commercial offices it starts from 17 thousand per square foot, and for retail shops it ranges between 35 to 40 thousand.
Infrastructure developments including the Noida International Airport and metro expansions, along with proximity to educational institutions like GD Goenka (2.9 km) and Amity University (12–15 km), boost demand in key sectors.