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NCR Delhi: Affordable housing project by Wave Group

Recognized realty developer Wave Group made an announcement of its affordable housing project in Ghaziabad. The group has plans to invest around Rs. 500 Cr. in this project.

 

As part of a 4500 acre integrated township, Wave Infratech, Wave Group’s realty firm will develop nearly 3,500 apartments in first phase of the project and will offer flats in the price range of Rs. 14Lakh to Rs. 18Lakh. The size of the apartments offered here will vary from 575 square feet to 800 square feet.

 

Rajendrakumar Panpalia, Managing Director, Wave Group stated in an interview with ZeeBiz, “We are entering into affordable housing segment for the balance development of our integrated township at Ghaziabad. We have earmarked 25 acre for this purpose.”

 

Favista’s Views: After the increased interest deduction limit on home loans, it is expected that demand of affordable homes will increase in coming future. Wave Group has taken a good decision to reap the benefits of the situation.

This entry was posted in Budget 2013, Investment, NCR Delhi, NOIDA and tagged . Bookmark the permalink.

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