Press release from Business Wire India
Source: Wave Inc.
Friday, April 29, 2011 04:36 PM IST (11:06 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Construction, Real estate
Wave Inc Launches NCR’s Largest Integrated City Development – “Wave City” in Ghaziabad
New Delhi, Delhi, India, Friday, April 29, 2011 — (Business Wire India) — . Wave City is being developed in 4,500 acres
. The first phase will involve developing 1,671 acres of the project. The entire city will span across an area of 4,500 acres and is envisaged to be completed in 60 months.
Wave Inc., the erstwhile Chadha Group, today launched Wave City, Ghaziabad. This self sustainable integrated township is situated on NH 24, Ghaziabad, one of the most happening real estate destinations in Delhi NCR. One of the largest integrated city developments happening in the NCR region, Wave City is being developed in 4,500 acres.
“We are happy to announce a township that will potentially change the dynamics of real estate in Delhi NCR. We assure people that we will deliver the dream homes within the promised time period. It is an opportunity for the people to get attached with the development that will give them lifestyle of the highest order. We have proved our excellence and set benchmarks in the past with Wave Cinemas – that changed the way people enjoy movies; and malls that brought world-class shopping experience to Indian households. In residential too we want to maintain this image of providing lifestyle that people haven’t experienced before,” says Manpreet Singh Chadha, Director, Wave Inc.
With this development Wave Inc is set to achieve a new milestone in real estate industry. Equipped with all the modern infrastructure and lifestyle facilities, the first phase will involve developing 1,671 acres of the project. The first phase is envisaged to be completed in 30 months and each phase of development will be done in blocks of 30 months each. The entire city will span across an area of 4,500 acres and is envisaged to be completed in 60 months.
“NH 24 is witnessing a huge real estate movement and the areas near it have evolved over the years. Our township is the largest development on this stretch and will rewrite the rules of great projects. This integrated city aimed at addressing the housing demand in the middle income segment and will offer all the infrastructure facilities and lifestyle amenities that a person aspires to see in his neighborhood,” says RK Jain, Executive Director, Wave City.
In the first phase, the company will develop 1,671 acres of land consisting of approx 7,500 plots which would house plotted development, row – housing, built-up floors, bunglows. In addition to this, the first phase will have approx. 1.7 crore sq. ft. of group housing schemes consisting of built-up flats starting from 900 sq. ft. area to 3,000 sq. ft. area.. The overall development in this phase will also have commercial complexes, hospitals, dispensary, schools and IT/ITeS spaces, industrial spaces (non-polluting) and dedicated green areas. The entire city will be environment friendly.
Some of the USP facilities to be provided at Wave City are proposed mechanised cleaning & sweeping, closed loop city Mass Rapid Transport system, approx. 2 acre park for a population of every 400 people and a lake spanning 3 acres (The Central city park for the first phase of the project will be of 51 acres.), and minimum 12 metre wide road network and in certain areas with 18 metre, 24 metre, 45 metre and 60 metres depending upon the built-up area and population concentration throughout – the widest road network within the city limits anywhere in India.
About Wave Inc.:
Wave Inc. (the erstwhile Chadha Group) is a diversified group with business interests spanning sugar manufacturing; distilleries; paper manufacturing; malls – development & operations; multiplexes – development & operations; liquor retail management and Coca Cola bottling plants. The Group’s other prominent residential projects under construction include WaveGreens, Moradabad; Wave Lakewoods, Hyderabad; and Fairlakes, Mohali. Some of the big ticket commercial real estate projects that Wave Inc is developing in the business district of Noida for office and retail space include Wave One and Wave eleven in Sector 18, Noida.
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Wave City Photograph
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Neeraj Atri, Mavcomm Consulting Pvt. Ltd., +91 9811714871, firstname.lastname@example.org
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