Gulshan Group Discloses ₹1,000 Crore Investment and ₹1,200 Crore Sales Realisation Estimate for Gulshan Empire, Wave City
Gulshan Group commits ₹1,000 crore to Gulshan Empire at Wave City
Gulshan Group announced on Thursday that it will launch a premium residential project with an investment of around ₹1,000 crore. The project, Gulshan Empire, at Wave City will offer 500 residences to buyers, with an estimated sales realisation of over ₹1,200 crore.
The project will be developed in a single phase across 5.5 acres. In the first phase of sales, the company has offered around 900,000 square feet to buyers in three- and four-bedroom residences with helper rooms, starting at ₹2.2 crore and ₹3 crore, respectively.
Project timeline and funding strategy
The stated Real Estate Regulatory Authority timeline for the project is 2031. The developer plans to fund the project through internal accruals, financial institutions and customer sales proceeds, with sales in the first phase described as encouraging.
Deepak Kapoor, director at Gulshan Group, said: "The residential market continues to witness strong demand from discerning homebuyers who value quality, thoughtful planning, and long-term value creation. Our investment of ₹1,000 crore also underscores our long-term confidence in Wave City as an emerging residential destination supported by improving infrastructure and sustained end-user demand".
Location and connectivity
Positioned near NH-24, the project ensures seamless connectivity to Delhi, Noida, and key NCR hubs. The project is part of the 4,200-acre planned Wave City township, which is designed with intelligent urban infrastructure.
About Gulshan Group
Established in 1989, Gulshan Group has grown into a leading name in India's real estate sector, renowned for its commitment to luxury, design excellence, and quality construction. The Gulshan Group built its record in Noida and Greater Noida West with developments including Dynasty, Botnia, Ikebana, Bellina, and One29. The company has completed major projects including Gulshan Dynasty, with possession commencing in March 2025, and delivered Gulshan Vivante and Gulshan Ikebana.
Gulshan Empire marks the group's Ghaziabad debut.