Latest news with #SachinArora
Time of India
29-05-2025
- 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
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
28-05-2025
- 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
08-05-2025
- Business
- Time of India
NCR launch may help Prestige group in achieving highest-ever quarterly pre-sale
Prestige Group is expecting the current quarter to be the biggest in terms of pre-sale as launches of previous quarter got pushed due to the regulatory challenges. #Pahalgam Terrorist Attack Live Updates| From Sindoor to showdown? Track Indo-Pak conflict as it unfolds India's biggest strike against Pakistan since 1971: 70+ terrorists, aides killed Pakistan mounts campaign of lies, deceit and disinformation The Bangalore-based company, which has launched the phase one of its Rs 12,000 crore worth project in Ghaziabad, has already sold Rs 3,000 crore worth apartment. The phase one has a Gross Development Value (GDV) of over Rs 9,000 crore — making it one of the biggest project in NCR. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Has Honda Done It Again? The New Honda CR-V is Finally Here. TheDaddest Undo Oakwood and Mulberry, which are part of phase one, feature a combined 3,421 premium units across 19 towers. Spread over 62.5 acres in Indirapuram Extension on National Highway 24, the township will have two clubhouses spread over 100,000 sq. ft., and an integrated Forum Mall covering 1.18 million sq. ft. of retail and entertainment experiences. Live Events 'We are deeply committed to expanding our presence in NCR. In addition to talking to the current land partner for additional land, we are exploring land in other NCR cities as well,' said Irfan Razack, Chairman and Managing Director, Prestige Group. The group is awaiting clearance for a boutique luxury housing project in KG Marg in Delhi. The Indirapuram project is expected to be completed within four and half years. 'After a long time, NCR has seen launch of a reputed developer of outside NCR. The response from customers are good despite it being the first project of the group in the region. The pricing also ensured long time investors and end users interest,' said Sachin Arora, founder of Moneytree Realty, a real estate brokerage firm.
Time of India
24-04-2025
- Business
- Time of India
US-based AML leases 1.57 lakh sq ft for GCC in Noida
US-based AML RightSource , a specialist in financial crime prevention and third-party compliance, leased 157,000 sq ft to set up a Global Capability Centre (GCC) in Noida 's Max Square commercial tower, people aware of the development said. AML RightSource is among a slew of corporates leasing fresh office space in Noida, enthused by the scheduled opening of the new Jewar airport this year. Tata Consultancy Services , Infosys , and Teleperformance are among others who have taken office space in Noida in the last two quarters. 'Noida's office market has been growing at a slow pace, but the recent infra push has increased the demand for offices as well,' said Sachin Arora, founder of Moneytree Realty. 'Some of the Grade A developers are now eyeing Noida for expansion, which will help MNCs to find space.' NCR reported gross leasing volume (GLV) of 2.8 million sq ft (msf) in Q1 2025, with the IT–BPM sector leading with a 45% share, followed by professional services firms (21%) and engineering and manufacturing companies at 13%. Gurugram reported a dominant 62% of leasing activity in the March quarter, followed by Noida and Delhi with 35% and 3% shares, respectively, according to Cushman & Wakefield . In standalone terms, the Noida Expressway sub-market witnessed highest leasing (27%) last quarter, registering a 1.7x growth over the average GLV in the last four completed quarters. GCCs leased 24.9 msf in 2024, a nearly threefold surge from 9.1 million sq ft in 2022, boosting its share in overall leasing to 28% from 13% during the period. In the last two years, 124 new companies transacted GCC deals and took up office space for greenfield capability centres or R&D units. India's office sector closed 2024 with a record 89 msf of GLV across the top eight cities.
