Latest news with #WaveGroup
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.
