In a massive push to capitalize on the rising demand for premium and affordable housing, Wave Group is set to launch 9,000 new flats in its sprawling 4,200-acre township, ‘Wave City,’ located in Ghaziabad. Over the last decade, the realty firm has developed more than one-third of the township, offering world-class infrastructure and amenities. With this new development, Wave Group aims to further monetize its vast land bank while meeting the surging demand for both premium and affordable housing.
Wave City's Expansion:
Wave City has become one of the most sought-after residential projects in the National Capital Region (NCR) due to its strategic location, well-planned infrastructure, and competitive pricing. The company is planning to launch about 7 million square feet of residential space, including premium and affordable housing units, in the fiscal year ending March 2025. Rajiv Gupta, Managing Director of Wave City, stated that the project would cater to the growing demand for premium apartments, which has surged over the past year. Prices in the secondary market have jumped by nearly 30% over the last 12 months, reflecting the increased interest from homebuyers and investors alike.
Key Features of Wave City:
Vast Green Spaces: Spread over 4,200 acres, one-third of the township is dedicated to green areas and infrastructure development, offering residents a peaceful and eco-friendly environment.
World-Class Amenities: With top-notch facilities like hospitals, schools, parks, shopping complexes, and seamless connectivity to major highways and metro lines, Wave City promises a holistic living experience.
Affordability Meets Luxury: While real estate prices in premium areas of Noida and Gurugram have soared to Rs 15,000-20,000 per square foot, Wave City offers a more affordable option with rates below Rs 9,000 per square foot, making it an attractive destination for both homebuyers and investors.
Housing Demand Surge:
The rising demand for premium and affordable homes in the NCR region has been a major driver for Wave Group’s decision to launch this massive project. Over 4,000 families are already residing in the township, and possession letters for more than 11,000 residential and commercial units have been issued to date. This strong demand, coupled with the township’s superior infrastructure, has prompted Wave Group to launch more than 9,000 flats.
Investments and Development:
Although the exact investment and sales value for this new phase of development has not been disclosed, industry experts predict a strong financial outcome for Wave Group. In addition to residential units, the company has also sold plots to other developers, boosting its overall sales and market presence. With more than 4,000 acres available, Wave City offers tremendous potential for further growth in both residential and commercial real estate.
Conclusion:
Wave City’s upcoming launch of 9,000 flats marks a significant milestone for Ghaziabad’s real estate market. With its competitive pricing, world-class infrastructure, and strategic location, the township is well-positioned to attract homebuyers and investors. As demand for premium and affordable housing continues to grow, Wave City is poised to play a leading role in shaping the future of residential real estate in the NCR.
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