NCR-based real estate developer County Group has purchased a 13.3-acre land parcel in Wave City, NH24, Ghaziabad, for approximately ₹400 crore, according to sources familiar with the matter.
Wave City, a smart city project by the Wave Group, is located next to NH-24 and covers more than 4,200 acres. The group has previously sold several land parcels to other real estate developers to generate funds.
County Group plans to develop around 1,000 residential units on the newly acquired land, offering four different apartment sizes, with the total construction area spanning over 3 million square feet.
“Buyers are keen to invest in the projects by the developer since previous projects by the developer have consistently yielded significant returns for investors, with many reporting a 3x to 4x appreciation on their initial investments. Also, Wave City NH24 has emerged as a rapidly growing residential hub and is benefited by infrastructure and connectivity to Delhi and other NCR regions,” said Sachin Arora, founder of Moneytree Realty.
The operational Hindon Airport, now offering commercial flights, significantly boosts the location’s connectivity. The upcoming Jewar International Airport will also boost property values. Once fully functional, Jewar Airport will handle millions of passengers annually, fueling economic growth and drawing increased investment into the region.
County Group has already delivered three major projects:
- Coco County, a 12.21 lakh sq. ft. premium residential development in Sector 10, Greater Noida (West)
- Ivy County, a 14.74 lakh sq. ft. luxury project located in Sector 75, Noida
- County 107, a 14.78 lakh sq. ft. development in Sector 107, Noida, recognized as the city’s first ultra-luxury residential project.
Meanwhile, Wave Group has sold land to more than six developers to enhance its cash flow. Collectively, these developers plan to construct approximately 15 million square feet of real estate over the coming years.
County Group’s strategic land acquisition in Wave City, NH24, Ghaziabad, underscores the growing investor confidence in the region’s real estate potential. County Group plans to develop 1,000 residential units and leverage its proven track record of premium projects to further strengthen its presence in the NCR property market.
