Gaursons to invest Rs 5k-cr in Yamuna Expressway township

Realty firm Gaursons will invest Rs 5,000 crore over four years to develop a township on the 300 acres it bought from the Jaypee group along the Yamuna Expressway in Greater Noida.

The Ghaziabad-based company bought this land from the group for Rs 1,700 crore in May 2013. The land is close to the Jaypee Group’s F1 track.

Announcing the launch of the Gaur Yamuna City township, Managing Director Manoj Gaur said: “We will be constructing 20,000 housing units in the first phase, spread over 250 acres.”