Latest news with #CountyGroup
Business Standard
6 days ago
- Business
- Business Standard
County Group to invest Rs 1,800 cr to develop housing project in Ghaziabad
In a statement on Wednesday, County Group said that it has bought this land parcel in Wave Group's large township 'Wave City' for Rs 400 crore Press Trust of India New Delhi Realty firm County Group will invest Rs 1,800 crore to develop a housing project in Ghaziabad as part of its expansion plan. The company has launched new project 'Jade County', which is spread over 13.33 acres, comprising around 1,000 units. In a statement on Wednesday, County Group said that it has bought this land parcel in Wave Group's large township 'Wave City' for Rs 400 crore. The total saleable area in this project will be 30 lakh square feet. The "total investment outlay will be Rs 1,800 crore", it added. Amit Modi, Director at County Group, said the project is strategically located in Wave City along the NH24 corridor. "With swift connectivity to Delhi, Noida, and Greater Noida, and backed by infrastructure upgrades like the Delhi-Meerut Expressway and Hindon Airport, the region is fast becoming a preferred destination for premium living," he said. County Group has delivered nearly 18 million sq ft of real estate space across various projects in Delhi-NCR. It is currently developing many projects. Wave Group has already developed more than one-third of the 4,200-acre township in the last 10 years by way of plotted development and low-rise group housing complexes. Many developers have bought land in Wave City township to develop this project. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Hindustan Times
6 days ago
- Business
- Hindustan Times
NCR-based County Group launches housing project in Ghaziabad; to invest ₹1800 crore
Real estate developer County Group has launched a new residential project, Jade County, in Ghaziabad. The company plans to invest ₹1,800 crore in the development. Spread across 13.33 acres in Wave City township, the project will feature around 1,000 units. County Group acquired the land parcel from Wave Group for ₹400 crore, it said in a statement. The total saleable area in this project will be 30 lakh square feet. The "total investment outlay will be ₹1,800 crore", the company said. As per RERA timelines, the project is slated for delivery starting 2030 in a phase wise manner. Strategically located in Wave City along NH24, Jade County will be an Indian Green Building Council's pre-certified gold project and will feature approximately 1,000 residential units across four premium apartment sizes - 2358 sq. ft, 2898 sq. ft, 3555 sq. ft, and 5094 sq. ft. These residences will be housed in nine high-rise towers, ranging from 27 to 31 storeys. It will comprise a 55,000 sq ft clubhouse and a 7,000 sq ft commercial complex. The name of the project has been inspired by Jade stone. With 80% open space, the project features curvilinear balconies and petal-shaped crowns that lend a jewel-like presence to the skyline, the company said. 'Strategically located in Wave City along the NH24 corridor, Jade County sits at the heart of NCR's next real estate growth hub. With swift connectivity to Delhi, Noida, and Greater Noida, and backed by infrastructure upgrades like the Delhi-Meerut Expressway and Hindon Airport, the region is fast becoming a preferred destination for premium living,' said Amit Modi, director, County Group. The company has delivered several real estate projects such as Orange County, Olive County, Cherry County, Coco County, Ivy County, County Spaces, besides Noida's First Luxury Project, Cleo County project and Noida's ultra luxury project County 107. Its upcoming projects include Ivory County in Noida, Jade County in NH24, County Centre Court in Gurugram and County Courtyard in New Delhi.
Time of India
6 days ago
- Business
- Time of India
Realty developer County group targets Rs 1,800 crore revenue from Ghaziabad project
Realty developer County Group , which has recently acquired 13.3 acres of land in Wave City , Ghaziabad , for about Rs 400 crore, is expecting Rs 1,800 crore revenue from the project it will develop on the land parcel. The project Jade County , will have a planned saleable area of 3 million sq. ft. As per RERA timelines, the project is slated for delivery starting 2030 in a phase wise manner. Located in Wave City along NH24, Jade County will be an Indian Green Building Council 's Pre-Certified Gold project and will feature approximately 1,000 residential units across four apartment sizes—2358 sq. ft, 2898 sq. ft, 3555 sq. ft, and 5094 sq. ft. Also Read: Emerging construction firms to post steady 9–11% revenue growth in FY26: Crisil These residences will be housed in nine high-rise towers, ranging from 27 to 31 storeys. A 55,000 sq. ft. clubhouse and a 7,000 sq. ft. commercial complex will also be part of the project. 'With swift connectivity to Delhi, Noida, and Greater Noida , and backed by infrastructure upgrades like the Delhi-Meerut Expressway and Hindon Airport, the region is fast becoming a preferred destination for premium living. Wave City offers a serene, well-planned environment with modern amenities, attracting discerning homebuyers seeking space, convenience, and long-term value,' said Amit Modi, Director, County Group. County Group has delivered nearly 18 million sq. ft of living spaces to more than 10,000 families with projects like Orange County, Olive County. The group has more than 20 million sq. ft living under construction of commercial/retail space in its upcoming projects.
Time of India
29-05-2025
- Business
- Time of India
Booming real estate: County Group buys 13.3-acre land in Wave City NH24, Ghaziabad for Rs 400 Crore to develop 1,000 residential units
County Group has completed over 4 million sq ft across three residential projects in 2024, despite Covid-related difficulties. (AI image) NCR-based property developer County group has purchased 13.3-acre land within Wave City NH24 , Ghaziabad, for approximately Rs 400 crore, as indicated by sources close to the transaction. The Wave group's smart city project, situated alongside NH-24, covers 4,200 acres. The organisation had previously divested land parcels to property developers for fundraising purposes. The organisation intends to construct 1,000 residential units in four different configurations, encompassing a total area of 3 million square feet. "Buyers are keen to invest on the projects by the developer since previous projects by the developer have consistently yielded significant returns for investors, with many reporting a 3x to 4x appreciation on their initial investments. Also, Wave City NH24 has emerged as a rapidly growing residential hub, and is benefited by infrastructure and connectivity to Delhi and other NCR regions," said Sachin Arora, founder of Moneytree Realty according to an ET report. The site benefits from the operational Hindon Airport for commercial flights, and the forthcoming Jewar International Airport is expected to further increase property values. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo Upon completion, Jewar Airport is projected to accommodate millions of passengers yearly, enhancing economic activities and investment opportunities in the vicinity. County Group has completed over 4 million sq ft across three residential projects in 2024, despite Covid-related difficulties. In an area where numerous projects face delays and purchasers have waited over a decade for completion, few developments have reached completion since Covid. County group's three completed projects include Coco County, a 12.21 lakh sq. ft premium development in Sector-10 Greater Noida (West), Ivy County, a 14.74 lakh sq. ft luxury project in Sector 75 Noida, and County 107, a 14.78 lakh sq. ft Ultra-Luxury development in Sector 107, Noida. Wave group has sold land to approximately six developers to enhance liquidity. These property developers collectively plan to develop roughly 15 million square feet in the coming years.
Time of India
24-04-2025
- Business
- Time of India
Property prices in Greater Noida surge by 98% in five years
NCR's Greater Noida saw highest price appreciation among all NCR cities in the last five years with per sq ft rising by 98%. Over the last decade, NCR has seen a massive resurgence in demand and supply across real estate segments, and key hotspots have witnessed remarkable housing price appreciation. 'Average prices in Greater Noida rose from Rs 3340 per in Q1 2020 to Rs 6600/ by Q1 2025-end. Noida recorded the second-best appreciation of 92% in the same period – from Rs 4795 in Q1 2020 to INR 9200/ by Q1 2025,' said Santhosh Kumar, Vice Chairman – ANAROCK Group. Gurugram witnessed an 84% jump - from Rs 6,150/ to Rs 11,300 per sq. ft. in this period. Overall, the entire NCR saw an 81% jump in average residential prices over five years. NCR market, which had previously seen the highest unsold stock in the country, is now seeing a remarkable decline. Despite the significant price risesacross NCR in the last five years, unsold inventory in the region has dropped by 51% in the last five years – from approximately 1,73,117 units by Q1 2020-end to approximately 84,500 units by Q1 2025-end. City-wise, Noida recorded the highest 72% decline in its overall unsold stock while Ghaziabad saw its unsold stock decline by 58% in this period. 'Strong sales velocity over the years, along with significant new launches, reduced the inventory overhang to just 17 months by the end of Q1 2025,' said Kumar. The NCR residential market saw a new supply addition of 53,000 units in 2024, almost 44% higher than the launches in 2023. Another notable change is in budget categories - in previous years, affordable housing (units priced 'The NCR realty affected a massive turnaround post-pandemic. As the people realised the value of larger homes and the parallel thrust on infrastructure along with the construction of the Jewar Airport and inauguration of the Gurugram section of the Dwarka Expressway, the housing segment did not just witness a significant decline in unsold inventory but the demand for premium and luxury residences also soared. We expect this growth trajectory to continuously rise,' said Amit Modi, Director of County Group. In fact, the report highlights a significant increase in new launches in the ultra-luxury segment (units priced over Rs 2.5 crore), which contributed nearly 59% in 2024 as compared to 24% in 2023 - and only 4% in 2020. The supply share of affordable housing continued to decline, accounting for only 11% of NCR's total launches in 2024 as compared to 41% in 2022, and 47% in 2019. The report also identifies key growth corridors in NCR such as Sohna, New Gurgaon, Dwarka Expressway and Greater Noida West. "Infrastructure expansion, increased demand for quality living and buoyed investors' confidence is contributing to the impressive growth of NCR's housing market. Micro markets like sec-150 and Siddharth Vihar in Noida and Ghaziabad respectively stand out as promising micro-markets for high-end residential investment. Further, metro network expansions and expressways have significantly boosted real estate demand in these corridors,' said Prateek Tiwari, MD, Prateek Group.
