Wave Group to Launch 9,000 Flats in Wave City, Ghaziabad Amid Strong Housing Demand

Wave Group plans to launch 7 million square feet of premium and affordable housing in Wave City, Ghaziabad, with 8,000-9,000 apartments.

Wave GroupWave CityGhaziabadReal EstateHousing DemandReal Estate NewsSep 20, 2024

Wave Group to Launch 9,000 Flats in Wave City, Ghaziabad Amid Strong Housing Demand
Real Estate News:The real estate sector is witnessing a surge in demand, and Wave Group is planning to capitalize on this trend. The company has announced plans to launch around 9,000 flats in its 4,200-acre township, Wave City, located in Ghaziabad.

Wave Group has been developing Wave City over the past 10 years, with over one-third of the township already developed through plotted development and low-rise group housing complexes. The company has now decided to launch a 7 million square feet area, comprising 8,000-9,000 apartments, in the premium and affordable group housing categories.

The investment to develop this area and the potential sales value have not been disclosed. However, the company has seen a significant increase in demand for premium apartments in the township, with prices in the secondary market jumping by almost 30% over the last 12 months.

According to Rajiv Gupta, Managing Director of Wave City, the buyers' demand for premium apartments has sharply increased, making it an attractive destination for developers and homebuyers. The company has provided world-class infrastructure and amenities in the township, which has contributed to its popularity.

Wave City is spread over 4,200 acres, with one-third dedicated to green areas and infrastructure development. The township has already given possession letters to over 11,000 buyers of its residential and commercial units, with more than 4,000 families living in the township.

The basic selling price for premium residential projects in Noida and Gurugram is upward of Rs 15,000 and 20,000 per square ft, respectively. However, in Wave City, the rate is below Rs 9,000 per square ft, making it an attractive option for homebuyers.

Wave Group has also sold some plots to other builders, who are expected to develop their own projects in the township.

Wave Group is a leading real estate developer in India, with a presence in various sectors, including residential, commercial, and retail. The company has developed several iconic projects across the country and is known for its commitment to quality and customer satisfaction.

Wave Group is a renowned real estate developer in India, with a rich history of delivering world-class projects. The company has a strong presence in the real estate sector and is committed to providing its customers with the best possible experience.

Frequently Asked Questions

What is the total area of Wave City?

Wave City is spread over 4,200 acres.

How many flats is Wave Group planning to launch in Wave City?

Wave Group is planning to launch around 9,000 flats in Wave City.

What is the basic selling price of premium residential projects in Wave City?

The basic selling price of premium residential projects in Wave City is below Rs 9,000 per square ft.

How many families are currently living in Wave City?

More than 4,000 families are currently living in Wave City.

What is the expected investment to develop the 7 million square feet area in Wave City?

The investment to develop the 7 million square feet area in Wave City has not been disclosed.

Related News Articles

India's Economy on Growth Trajectory: RBI Projects 7% GDP Growth for FY25
real estate news

India's Economy on Growth Trajectory: RBI Projects 7% GDP Growth for FY25

The Reserve Bank of India (RBI) has set India's real GDP growth at 7% for FY25

May 30, 2024
Read Article
Ashiana Housing Expands Its Senior Living Market with 4 New Projects
real estate news

Ashiana Housing Expands Its Senior Living Market with 4 New Projects

Ashiana Housing targets growing senior living market, aims to acquire 25-30 lakh sq ft for development, and plans to launch 4 new projects in Jaipur, Chennai, and other locations this fiscal.

July 9, 2024
Read Article
SEBI Proposes New Rules to Simplify Operations and Standardize Disclosures for SM REITs
Real Estate

SEBI Proposes New Rules to Simplify Operations and Standardize Disclosures for SM REITs

The Securities and Exchange Board of India (SEBI) has proposed new rules to standardize disclosures and simplify the public issue process for Small and Medium Real Estate Investment Trusts (SM REITs). Introduced in March 2024, these trusts aim to attract

November 7, 2024
Read Article
RR Global Promoters Acquire Luxurious Apartments at Oberoi Three Sixty West for INR 198 Crore
Real Estate Mumbai

RR Global Promoters Acquire Luxurious Apartments at Oberoi Three Sixty West for INR 198 Crore

In a significant move in Mumbai's real estate market, the promoters of RR Global have purchased luxury apartments at the prestigious Oberoi Three Sixty West project. These properties, known for their premier sea views, modern amenities, and upscale living

November 14, 2024
Read Article
Real Estate Scandal: Developer Couple's Lawyer Claims 'Business Strategy Failed'
Real Estate Maharashtra

Real Estate Scandal: Developer Couple's Lawyer Claims 'Business Strategy Failed'

In a high-profile case involving accusations of cheating flat owners, the lawyer representing the developer couple has stated that their business strategy went awry, rather than being a deliberate attempt to scam.

December 14, 2024
Read Article
10 Top Smallcap Stocks That Delivered Multibagger Returns Since Last Holi
real estate news

10 Top Smallcap Stocks That Delivered Multibagger Returns Since Last Holi

Discover the 10 smallcap stocks that have delivered impressive multibagger returns, with some gaining up to 763% in the past year. Learn how these companies managed to outperform the market and what drove their success.

March 14, 2025
Read Article