Wave Group Launches Luxury Housing Project 'Eden' in Ghaziabad, Aims for Rs 500 Cr Revenue
Wave Group, a prominent real estate firm, expects to generate over Rs 500 crore from its latest luxury housing project 'Eden' in Ghaziabad, Uttar Pradesh.
Wave GroupLuxury HousingGhaziabadReal EstateWave CityReal Estate NewsOct 10, 2024
In the previous month, Wave Group had announced plans to launch approximately 9,000 flats in its sprawling 4,200-acre township, 'Wave City,' also located in Ghaziabad. The Group aims to develop about seven million square feet of housing in both premium and affordable categories, comprising 8,000 to 9,000 apartments in the current financial year. This strategic move is designed to leverage the growing demand for residential properties in the region.
Wave City has already seen significant development, with over one-third of the township being developed through plotted areas and low-rise group housing complexes. The company has issued possession letters to over 11,000 buyers of both residential and commercial units, and more than 4,000 families are currently residing in the township.
Wave Group’s commitment to delivering high-quality, modern living spaces is evident in the design and amenities of the 'Eden' project. The apartments are designed to cater to the needs of upscale buyers, offering luxurious features and a premium living experience. With the success of 'Eden,' Wave Group aims to further solidify its position as a leading real estate developer in the region.
The launch of 'Eden' and the continued development of Wave City underscore Wave Group’s strategic focus on meeting the diverse housing needs of the market. The company’s strong track record of delivering projects on time and with high standards of quality has earned it a reputation for reliability and excellence.
Frequently Asked Questions
What is the name of the new luxury housing project launched by Wave Group in Ghaziabad?
The new luxury housing project launched by Wave Group in Ghaziabad is called 'Eden'.
How many apartments are part of the 'Eden' project?
The 'Eden' project includes around 250 apartments.
What is the expected revenue from the 'Eden' project?
The 'Eden' project is expected to fetch a sales booking value of over Rs 500 crore.
What is the total area of the 'Eden' project?
The 'Eden' project is spread across 5.2 acres.
How many flats does Wave Group plan to launch in its 4,200-acre township 'Wave City'?
Wave Group plans to launch approximately 9,000 flats in its 4,200-acre township 'Wave City'.
Related News Articles
Aadhar Housing Finance Eyes Sustained Growth of Over 20% in Disbursements and Asset Base
Aadhar Housing Finance projects disbursements and assets under management to grow at over 20% this year
No Reversal on Real Estate LTCG Tweaks: Government Stands Firm
Government sources have confirmed that there will be no reevaluation of the changes made to Long Term Capital Gains tax (LTCG) in the Union Budget, despite concerns over the removal of Indexation benefit on property sales.
Navigating the Industrial REIT Landscape: A SWOT Analysis of EastGroup Properties
EastGroup Properties, a real estate investment trust (REIT) specializing in industrial properties, is at a crossroads in the ever-evolving industrial REIT landscape.
Godrej Group Makes Major Move in Mumbai Real Estate by Acquiring Land for Rs 81 Crore
In a strategic move, Godrej Group, through its real estate subsidiary Anamudi Real Estates, has acquired a significant plot of land in the bustling city of Mumbai for Rs 81 crore. This acquisition marks a major step in the company's expansion plans in one
Why Pattaya is the Next Big Thing for Indian Property Investors
A luxury sea-view condo in Pattaya costs as much as a mid-range apartment in Mumbai. Discover why Pattaya is quickly becoming a hot spot for Indian property investors, offering exceptional value and potential returns.
Akshaya Tritiya: Can It Spark a Surge in Real Estate Demand?
With reduced EMIs making home loans more affordable, Akshaya Tritiya could be the catalyst for a surge in real estate demand, especially in the luxury and high-end market segments.