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Time of India
5 days ago
- Business
- Time of India
County Group acquires 13.3-acre land in Wave City NH24, Ghaziabad for ₹400 crores
NCR-based realty developer County group has acquired 13.3-acre land in Wave City NH24 in Ghaziabad for around Rs 400 crore, according to people familiar with the development. The smart city by Wave group is adjacent to NH-24 and spans over 4,200 acres and the firm had earlier sold land parcels to realty developers to raise fund. The company plans to develop 1,000 residential units across four apartment sizes, with total area spreading over 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. The location is also benefited by the operationalization of the Hindon Airport for commercial flights and with the upcoming Jewar International Airport , the property price will grow further. Jewar Airport, once operational, is expected to handle millions of passengers annually, further boosting economic activity and attracting investment in the region. County Group has delivered over 4 million sq ft across three housing projects in 2024, overcoming the challenges faced during Covid. The region where majority of the projects are stuck and buyers are waiting for delivery for over a decade, has seen very few delivered projects since Covid. The three major projects delivered by County group are Coco County, a 12.21 lakh sq. ft premium project located in Sector -10 Greater Noida (West), Ivy County, a 14.74 lakh sq. ft luxury project located in Sector 75 Noida, and County 107, 14.78 lakh sq. ft project which is also Noida First Ultra-Luxury project located in posh Sector 107 in Noida. Wave group has so far sold land to at least half a dozen builder in order to improve cash flow. The combined areas these real estate developers will develop will be around 15 million square feet in the next few years.
Time of India
5 days ago
- Business
- Time of India
Adore Group to invest Rs 800 Crore in luxury residential project in Faridabad
NCR-based realty developer Adore group will invest Rs 800 crore in developing a luxury residential project in sector 76, Faridabad. The group has bought this 5.47 acres of land parcel from Haryana Shahari Vikas Pradhikaran (HSVP) in the year 2023 in an auction. The company has cleared all the dues and this is fully paid up land parcel. 'The economy in the region is thriving backed by a surge in IT and manufacturing industry. The number of buyers are expanding in the city comprising family business scion, self-made entrepreneurs and corporate c-suites,' said Jetaish Gupta of Adore Group. Adore is working on more than 20 projects with a cumulative area of over 10 million sq. ft. Other developers like Omaxe and Bhumika are also eyeing expansion in Faridabad with the demand increasing. Live Events
Time of India
6 days ago
- 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
6 days ago
- Business
- Time of India
County Group acquires 13.3-acre land in Wave City NH24, Ghaziabad for Rs 400 crores
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel NCR-based realty developer County group has acquired 13.3-acre land in Wave City NH24 in Ghaziabad for around Rs 400 crore, according to people familiar with the smart city by Wave group is adjacent to NH-24 and spans over 4,200 acres and the firm had earlier sold land parcels to realty developers to raise company plans to develop 1,000 residential units across four apartment sizes, with total area spreading over 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 location is also benefited by the operationalization of the Hindon Airport for commercial flights and with the upcoming Jewar International Airport , the property price will grow Airport, once operational, is expected to handle millions of passengers annually, further boosting economic activity and attracting investment in the Group has delivered over 4 million sq ft across three housing projects in 2024, overcoming the challenges faced during region where majority of the projects are stuck and buyers are waiting for delivery for over a decade, has seen very few delivered projects since three major projects delivered by County group are Coco County, a 12.21 lakh sq. ft premium project located in Sector -10 Greater Noida (West), Ivy County, a 14.74 lakh sq. ft luxury project located in Sector 75 Noida, and County 107, 14.78 lakh sq. ft project which is also Noida First Ultra-Luxury project located in posh Sector 107 in group has so far sold land to at least half a dozen builder in order to improve cash combined areas these real estate developers will develop will be around 15 million square feet in the next few years.
Time of India
24-05-2025
- Time of India
Tour operators: We're working collectively to revive Kashmir as a safe destination
'Kashmir is facing a wave of cancellations, and uncertainty continues to loom over travel plans' It has been a month since the terror attack in Pahalgam, which claimed over 26 lives. Travel agents, who had been looking forward to a peak summer tourism season, experienced nearly 100% cancellations following the incident and the subsequent military operation by the Indian Armed Forces. Now, with the ceasefire in place and fleeting moments of normalcy, tour operators report that only five to ten per cent of tourists have returned to the valley. Still, there is hope that the situation will improve in the coming months, mostly by winter. 'We saw 70% cancellations after the attack, 100% amid tensions, and only 10% packages have been retained for now' Explaining the on-ground situation, Srinagar-based travel agent Shahji Shakil shares that while some tourist queries are coming in, the numbers are very low. 'Seventy per cent of my bookings were cancelled after the Pahalgam attack, and the rest were cancelled or postponed during the warlike tension between the two countries. Now, a very limited number oftourists are returning – only 5-10% of booked packages have been retained,' he says. 'All foreign tourists have cancelled their bookings' As tensions between India and Pakistan escalated, many countries issued travel advisories warning their citizens against visiting border areas, specifically Jammu and Kashmir. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Click Here - This Might Save You From Losing Money Expertinspector Click Here Undo Srinagar-based travel agent Shaqoor Sheikh, who primarily works with international travellers, says, 'All my packages have been cancelled until September. When people spend that much money, they expect to visit key sites, but locations like Betaab Valley and Baisaran are still closed. That, combined with global advisories, has really hit us.' NCR-based agent Akash Rastogi points out that although travel agents are encouraging tourists to return, fear remains. 'Most places are deserted. From a tourism standpoint, this peak summer season is lost. We can only hope things will improve in winter. For now, Srinagar, Sonmarg, and Gulmarg are open, while Pahalgam and the interiors remain closed.' Many agents echo his sentiments. Delhi-based Muzamil Nazir, who also has an office in Srinagar, says, 'Travel companies and partner agencies in Kolkata have joined hands to revive tourism with the 'Chalo Kashmir' initiative. We're waiting to see how tourists respond. If it gains traction, it'll benefit everyone. But for now, we have zero bookings for Kashmir. We're hoping the next season – 2026 – might be better.' Explaining the on-ground situation, Srinagar-based travel agent Shahji Shakil shares that while some tourist queries are coming in, the numbers are very low 'Log wapas aana chahte hain, par dare hue hain' Sopore-based travel agent Asif Hussain adds that while queries are few, tourist interest is still alive. ' Log wapas aana chahte hain, par dare hue hain . Logon ko yeh message jaana chahiye ki tourism ab safe hai Kashmir mein . The few bookings I do have are for ultra-luxury resorts; regular tourists are almost non-existent. This is actually the best time to visit Kashmir – there are fewer crowds, hotel prices are lower, so those who want to come can still do so. However, out of the 180 bookings I had, only seven were retained. Most people wanted refunds,' he shares. He emphasises that regaining trust is essential, 'Our industry has suffered deeply, and recovery will take time. But when the attack happened, we stood by the tourists. I personally spent three days in the hospital with guests who were injured in the attack. We're with you – please trust us.' 'Safety and stability are critical for the revival of tourism' Ravi Gosain, President, Indian Association of Tour Operators, says, 'Tourism in Kashmir has been severely impacted by the recent India-Pakistan conflict. The region is facing a wave of cancellations, and uncertainty continues to loom over travel plans. It's clear that restoring tourists' confidence will take time. As tour operators and travel agents, we are proactively assessing the situation by organising familiarisation trips for key industry stakeholders. These visits allow firsthand review of the ground conditions and help us work collectively to revive Kashmir's image as a safe and welcoming destination. We urge the government to take immediate and effective action to boost security and foster an environment that reassures travellers. Safety and stability are critical for the revival of tourism in this beautiful region.' Chalo Kashmir campaign kicks off, supported by almost 100 travel companies In response to concerns over tourism following the Pahalgam terror attack on April 22, the Travel Agents Association of India (TAAI) has launched the 'Let's Visit J&K' or 'Chalo Kashmir' campaign, which aims to restore the region's vibrancy and support the revival of tourism. Approximately 100 travel companies in Kolkata have joined the 'Chalo Kashmir' campaign, viewing it as a robust response to the recent attack. These agencies collectively manage about 4 lakh domestic tourists annually, including 40,000 to Jammu and Kashmir, as per a Times Of India report. The association aims to reach more than one million travellers – including families, groups and individuals – through the direct customer base of its 2,400+ member companies across India. Summer's definitely been impacted—there's no doubt about that. But we believe there's huge potential in winter tourism. Gulmarg, for instance, is already recognised for its ski slopes. Indian travellers, especially dual-income couples aged 23–30, are warming up to off-season travel. They're not bound by school holidays and are making the most of long weekends. July to September can be positioned as off-peak travel windows, especially as accessibility improves - Hari Ganapathy, Co-founder, Pickyourtrail (They are entering the domestic travel space starting with Kashmir, in solidarity with a region whose tourism economy has been deeply impacted.) One step to a healthier you—join Times Health+ Yoga and feel the change
