Wave Group plans launch of 9,000 flats in 'Wave City' project at Ghaziabad

Realty firm Wave Group plans to launch around 9,000 flats in its 4,200-acre township 'Wave City' at Ghaziabad to monetise its huge land bank amid strong housing demand.

In a statement, Wave Group said it is planning to launch about 7 million square feet in the premium and affordable group housing categories in Wave City in the current fiscal ending March 2025.

The investment to develop a 7 million square feet area and potential sales value were not disclosed.

The company has already developed more than one-third of the township spread over around 4,200 acres in the last 10 years by way of plotted development and low-rise group housing complexes.

"We will be launching a 7 million square feet area comprising 8,000-9,000 apartments," Rajiv Gupta, Managing Director of Wave City, said.

"The buyers' demand for premium apartments in the township has sharply increased over the last 12 months. As a result, the price in the secondary market jumped by almost 30 per cent in the period," Gupta