Wave Infratech aims to transform Noida, Ghaziabad and Mohali skylines

Wave Infratech, a decade old real estate arm of the Wave Group, has lined up four mega real estate projects christened Wave City Centre and Wave One (Noida), Wave City (Indirapuram, Ghaziabad), and Wave Estate (Mohali), respectively. Speaking exclusively to Realty Plus about the new projects, R K Jain, managing director, Wave Infratech, said: “Wave Infratech inherits equity from the mother brand to promote a vast array of verticals, namely residential, commercial and retail. With projects like Wave One, Wave 1st Silver Tower, Wave Estate and smart city concepts like Wave City and Wave City Centre, we are attempting to break new ground. The company also has to its credit a host of malls (Wave Malls) and multiplexes (Wave Cinemas), running across the northern belt of the country.” Spread over an area of 152 acres, Wave City Centre, located at Sector 32 and 25A, Noida, will serve as one of the largest commercial and residential hubs in the region. “Besides offering a product-mix comprising serviced residences, multi-use studios/1BHK, premium offices, high street shop condominiums, luxury hotels, family entertainment centres, indoor theme, water and snow park, the project would also house the next generation of intercity transport and an unmatched security system that would ensure a secure and safe environment to its occupants,” adds Jain. The 4,500-acres Wave City is a self-sufficient smart city designed by IBM, just 30 minutes from Delhi and 10 minutes from Indirapuram on NH-24. Planned and designed by renowned city planners Bentel Associates from South Africa, this mega city has lush landscaped greens, wide roads, bus rapid transit (BRT) and garbage control system. Wave One is a 41-storey commercial tower in the heart of the commercial hub of Noida, Sector 18. With a built-up area of over 2 million sq ft, it offers retail and office spaces along with a five screen multiplex, food court and parking for more than 2000 cars. Designed by the world renowned BBG-BBGM, this iconic structure houses the most premium offices in sector 18. Wave Estate, situated in the heart of Mohali, Sector 85 & 99, is an epitome of luxury living and provides options in the form of exclusive villas, plots, group housing and floors. Spread across around 300-acres, the project has Mohali Cricket Stadium, Chandigarh International Airport and Knowledge Park housing Indian School of Business in close proximity. When asked about the demand of value homes in Delhi-NCR market, Jain informs, “The demand for value homes has always been on a high in Delhi/NCR. With such rising demand and various options available for financing, developing value homes has become a top priority with us. Wave Infratech has launched Wave City, which is catering to the demands of various segments of the society. The aspirational and value housing segment has been taken by a storm with the recent introduction of floors on subvention scheme in Wave City.” Elaborating about the prospects and challenges before Indian realty sector, Jain avers, “One of the major challenges lies in establishing credibility and trust factor in the minds of the consumer. The same can be achieved by formulating concrete land and regulatory policies by the Government in conjunction with the private developers. Hence, we believe a real estate regulator is essential to safeguard the best interest of both investors and developers.”

source:http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=20316&cat_id=1