Wave Group Sells Land in Wave City

24 Sep 2024 CW Team

Wave Group is selling parts of its land bank in Wave City, Ghaziabad, to multiple developers, aiming to improve cash flow. The company has already sold land to at least six builders and is in talks with more developers. These real estate companies are set to develop about 12 million square feet in the coming years. Wave Group also plans to launch its projects, offering both premium and affordable apartments in the township.

The demand for premium apartments in Wave City has surged in the past year, with property prices in the secondary market increasing by 30%, according to Rajiv Gupta, Wave City's Managing Director. Gaurs Group recently launched a luxury residential complex with 1,216 flats, valued at Rs 3,100 crore.

Wave City, a smart city adjacent to NH-24, covers 4,200 acres, with one-third of the area allocated for green spaces and infrastructure. The base price for premium residential units is lower than Noida and Gurgaon, making it an attractive option for buyers. Wave Group has handed over possession letters to 11,000 buyers, with over 4,000 families currently residing in the township.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..