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.

Resources

13 May 2026

Anant Raj Appoints Anish Sarin as Director

Anant Raj has appointed Anish Sarin as Director on its Board, marking a key step in the company’s leadership transition and long-term growth strategy. The announcement was made during the company’s Q4 and FY26 results declaration, reflecting the induction of next-generation leadership as the company expands across real estate, cloud infrastructure and data centre businesses. Anish Sarin, grandson of veteran industrialist Ashok Sarin, represents the emerging leadership at Anant Raj. Educated at Regent’s University London, he brings a global business outlook along with a strong focus on t..

Vedanta eyes AI-led value growth

Vedanta Group expects to unlock USD 300–400 million in additional value over the next three years through large-scale deployment of AI-led industrial technologies across its businesses. The group said its V-Spark DeepTech Ventures platform has already delivered nearly four times return on investment since inception.Vedanta is scaling AI, predictive analytics, Industrial Internet of Things, digital twins, machine learning, automation and connected manufacturing technologies across its metals, mining, energy and industrial operations. These deployments are aimed at improving productivity, lowe..

Hindustan Zinc inks pact with Group Nirmal

Hindustan Zinc has signed an MoU with Group Nirmal to set up a zinc wire manufacturing facility at its Zinc Industrial Park in Khankhala, Bhilwara district, Rajasthan. The partnership will expand downstream manufacturing activity and support value-added zinc applications in India.Under the agreement, Group Nirmal will manufacture zinc wire products using Hindustan Zinc’s Special High Grade zinc. The products will cater to infrastructure, renewable energy, automotive and industrial engineering sectors.Zinc wire is used in thermal spray coating and metallising processes to protect steel struct..