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County Group, a prominent real estate developer in the National Capital Region, has acquired a 13.3-acre land parcel in Wave City, Ghaziabad, for approximately INR 400 crore. This strategic investment aims to develop 1,000 residential units across four apartment configurations, totaling 3 million square feet. The Wave City project, spanning over 4,200 acres along NH-24, has witnessed increased demand, with property prices appreciating by nearly 30% in the past year. The region's connectivity and infrastructure developments, including the operational Hindon Airport and the upcoming Jewar International Airport, further enhance its appeal to investors and homebuyers.
A 13.3-acre land parcel in Wave City, Ghaziabad, was purchased by County Group, a prominent real estate developer with headquarters in the National Capital Region, for about INR 400 crore. This acquisition marks a strategic move to capitalise on the growing demand for residential properties in the region. Advertisement
The Wave City project, developed by Wave Group, spans over 4,200 acres along National Highway 24 and is designed as a smart city with integrated infrastructure and modern amenities. The township has been attracting considerable interest from developers and homebuyers alike.
County Group plans to develop 1,000 residential units within this land parcel, offering four different apartment configurations. The total built-up area is expected to be around 3 million square feet. The company's previous projects have yielded significant returns for investors, with many reporting a 3x to 4x appreciation on their initial investments, according to Sachin Arora, founder of Moneytree Realty.
The region's appeal is further enhanced by its excellent connectivity to Delhi and other parts of the National Capital Region. The operational Hindon Airport and the upcoming Jewar International Airport are expected to boost economic activity and attract further investment to the area.
County Group's track record includes the successful delivery of over 4 million square feet across three housing projects in 2024, including Coco County in Greater Noida, Ivy County in Noida, and County 107 in Noida. These projects have been well-received, contributing to the company's reputation for quality and timely delivery.
This latest investment in Wave City underscores County Group's commitment to expanding its footprint in the rapidly developing Ghaziabad region, offering modern and sustainable living solutions to meet the growing demand.
By focusing on quality development and leveraging the region's infrastructure advancements, the company aims to deliver value to both investors and residents. As the area continues to evolve with enhanced connectivity and amenities, County Group's projects are poised to play a pivotal role in shaping the future of urban living in the National Capital Region.
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