Wave group to dilute land bank in Ghaziabad’s township
Wave group is diluting part of its land bank in Wave City in Ghaziabad and has sold land to at least half a dozen builder in order to improve cash flow.
It is also in talks with more developers to sell land.
The combined areas these real estate developers will develop will be around 12 million square feet in the next few years.
Wave group is also planning to launch its project in the same township.
«The buyers' demand for premium apartments in the township has sharply increased over the last 12 months. As a result, the price in the secondary market jumped by almost 30% in the period,” said Rajiv Gupta, managing director of Wave City.
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