Gulshan Group announces ‘Gulshan Empire’ in Wave City, Ghaziabad. The premium housing project features 500 apartments with a projected sales realization of Rs 1,200 crore.
A new premium housing development is coming to Wave City, Ghaziabad. Gulshan Group plans to invest Rs 1,000 crore into the project.
Gulshan Group, Wave City, Ghaziabad real estate, Ghaziabad property, Gulshan Empire, premium housing, NCR real estate, luxury apartments
Gulshan Group is launching a premium housing project in Wave City, Ghaziabad, with a planned investment of Rs 1,000 crore. The company expects this development to generate approximately Rs 1,200 crore in sales realization once completed. This new venture, named Gulshan Empire, targets the luxury segment of the NCR residential market.
The project features 500 apartments in total. It is divided into two main types of units. There will be 250 apartments with 3 bedrooms, which will be spread across two towers. Each floor in these towers will contain only four units. Additionally, the project will include 250 apartments with 4 bedrooms, which will occupy four towers. These larger units will have only two apartments per floor. Such a design aims to reduce pressure on lifts and limit wait times for residents.
Pricing for the units starts at different levels depending on the configuration. A 3 BHK apartment starts at Rs 2.20 crore. For 4 BHK units, the starting price is Rs 3 crore. These rates do not include floor or location-based charges. The current rate is set at Rs 10,500 per square foot, plus PLC charges. But it is worth noting that buyers at the pre-launch stage received a better deal. Those early buyers paid Rs 9,500 per square foot plus PLC charges. This represents a Rs 1,000 per square foot increase from the initial pre-launch rates.
Property demand seems strong for this site. According to Deepak Kapoor, Director of Gulshan Group, 200 flats have already been sold during the pre-launch phase. This means 40% of the units are already spoken for, leaving 300 apartments available. The project has already received RERA approval. While the legal deadline for handover is 5 years, the company claims it will hand over keys in just 3.5 years.
Location plays a key role in the project’s appeal. It sits along the Delhi-Meerath Expressway in Wave City. Because of this, residents can reach Akshardham in Delhi within 25 to 30 minutes during peak hours. The project is situated just 500 meters from the Wave City gate. This makes it easy to access even though the full township spans 4,000 acres. It is a rare combination of high-end amenities and rapid connectivity.
Ghaziabad is seeing a rise in luxury developments. Just last month, Harmony Infra Ventures announced the acquisition of a 100% stake in a luxury project near the Indira Puram Habitat Center. That specific project starts at Rs 5.99 crore. Other developers like Prestige are also active in areas like Siddharth Vihar. This confirms a broader trend of premium residential construction in the region.
