Gulshan Group acquires 5.5 acre land in Wave City, Ghaziabad for Rs 175 crore premium residential project
Gulshan Group has acquired land in Wave City, Ghaziabad for a new residential project. The company plans to invest Rs 800 crore in constructing 1.2 million square feet. Gulshan Empire will offer 500 residential units with sales expected to exceed ...
By Faizan Haidar, ET Bureau |
New Delhi: Realty developer Gulshan Group has acquired 5.5 acre land in Wave City, Ghaziabad for Rs 175 crore to develop a premium residential project.
The company will invest another Rs 800 crore in construction of 1.2 million sq ft. It has raised Rs 125 crore for construction and expect to complete the project through sale receivable.
The project Gulshan Empire is expected to generate an estimated sales realisation of over Rs 1,200 crore and will comprise 500 residential units.
Read more: Gulshan Group to invest Rs 1000 crore to build Taj-branded hotel, residences in Noida
While Gulshan Group has traditionally focused on luxury developments, Gulshan Empire has been conceived as a premium residential offering in response to growing demand from homebuyers.
“The residential market continues to witness strong demand from discerning homebuyers who value quality, thoughtful planning, and long-term value creation. Gulshan Empire reflects our commitment to developing communities that respond to these evolving aspirations while maintaining the construction standards and design philosophy that define the Gulshan brand. We have already sold 40% of the units,” said Deepak Kapoor, Director, Gulshan Group.
The project will be developed in a single phase, with completion scheduled in accordance with the RERA timeline of 2031.
Read more: Gulshan group ties up with Taj for hotel and branded residences in Noida
The company has launched around 9 lakh sq. ft. in the first phase of sales, offering 3 BHK residences with helper room starting from Rs2.20 crore and 4 BHK residences with helper room starting from Rs 3 crore.
“Today's homebuyers are making more informed decisions, with equal emphasis on quality, design, location and the overall living experience. Gulshan Empire has been envisioned as a premium residential community that combines low-density planning, expansive green spaces, private garden residencesand contemporary lifestyle amenities,” said Yukti Nagpal, Director, Gulshan Group.
The company will invest another Rs 800 crore in construction of 1.2 million sq ft. It has raised Rs 125 crore for construction and expect to complete the project through sale receivable.
The project Gulshan Empire is expected to generate an estimated sales realisation of over Rs 1,200 crore and will comprise 500 residential units.
Read more: Gulshan Group to invest Rs 1000 crore to build Taj-branded hotel, residences in Noida
While Gulshan Group has traditionally focused on luxury developments, Gulshan Empire has been conceived as a premium residential offering in response to growing demand from homebuyers.
“The residential market continues to witness strong demand from discerning homebuyers who value quality, thoughtful planning, and long-term value creation. Gulshan Empire reflects our commitment to developing communities that respond to these evolving aspirations while maintaining the construction standards and design philosophy that define the Gulshan brand. We have already sold 40% of the units,” said Deepak Kapoor, Director, Gulshan Group.
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The project will be developed in a single phase, with completion scheduled in accordance with the RERA timeline of 2031.
Read more: Gulshan group ties up with Taj for hotel and branded residences in Noida
The company has launched around 9 lakh sq. ft. in the first phase of sales, offering 3 BHK residences with helper room starting from Rs2.20 crore and 4 BHK residences with helper room starting from Rs 3 crore.
“Today's homebuyers are making more informed decisions, with equal emphasis on quality, design, location and the overall living experience. Gulshan Empire has been envisioned as a premium residential community that combines low-density planning, expansive green spaces, private garden residencesand contemporary lifestyle amenities,” said Yukti Nagpal, Director, Gulshan Group.
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