AURUS Luxury Managed Residences has signed an MoU with SIBAN Developers to launch one of India's largest managed residential projects in GIFT City, Gandhinagar, spanning over 5 lakh sq. ft.

  • AURUS and SIBAN signed an MoU for a large-scale residential development in GIFT City.
  • The project covers over 500,000 sq. ft. with 480 premium units.
  • Potential rental value over a 15-year lease is estimated at ₹550 crore.
  • Operations are targeted to commence by 2030.

MUMBAI, India: In a move set to redefine urban living in India's premier financial hub, AURUS Luxury Managed Residences, a premium co-living brand founded by Bharat Agarwal, has entered into a strategic partnership with United Group (SIBAN Developers). The collaboration aims to establish a massive managed residential ecosystem in GIFT City, Gandhinagar.

This partnership represents one of India's most significant leasing agreements in the managed residential sector. The project encompasses a massive leasable area of approximately 5,00,000+ sq. ft., distributed across 480 high-end units. Under a proposed 15-year lease term, the potential rental revenue is projected to reach approximately ₹550 crore.

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Why This Matters

BozokMedia analysis shows that as GIFT City transitions from a business hub to a complete urban ecosystem, the demand for professionally managed housing is skyrocketing. The influx of global financial giants and international universities necessitates a shift from traditional PGs to globally benchmarked, hospitality-driven living spaces.

"Our journey has shown a significant opportunity to build an organized managed residential ecosystem in India," stated Bharat Agarwal, Founder of AURUS.

GIFT City has rapidly emerged as India's first International Financial Services Centre (IFSC), hosting over 1,000 operational entities and attracting global giants like Bank of America and Barclays. Furthermore, the city is becoming a global education hub with campuses from Deakin University and Coventry University already established or approved.

The project is strategically designed to cater to a diverse demographic, including international students, young professionals, and high-level corporate executives. This development is a cornerstone of AURUS's ambitious roadmap to build 100 premium managed residential assets across India within the next five years.

Did You Know?: GIFT City is designed to operate on global standards, making it a unique destination for international finance and technology companies in India.

Frequently Asked Questions

1. When is the project expected to be operational?
The current project timeline targets the commencement of operations in the year 2030.

2. Who will manage the day-to-day operations?
AURUS will be responsible for the entire accommodation ecosystem, including hospitality, community management, and property operations.