“The proposal of revival of Jewar airport project will definitely boast the economy of the Noida ” : Rajiv Gupta , CEO , Wave Group
Mr. Rajiv Gupta serves as the Chief Executive Officer of WAVE Infratech Private Limited. Mr. Gupta serves as the Chief Executive Officer of WAVE Group and is closely associated with WAVE Group for the past 14 years. He has been instrumental with the success of varied ventures of WAVE Group in the areas of film distribution, real estate (commercial), and sugar and liquor distilleries. Mr. Gupta has a wealthy experience of over 26 years in the diverse sectors of hospitality, real estate, liquor, beverage and many more. In his illustrious career of close to 3 decades, he had a successful and prosperous association with the McDowells Group for 12 years. In addition, he is also accredited with revolutionizing the retail sector in India with the launch of Wave Malls, including The Centrestage Mall, Noida. Mr. Gupta graduated from the University of Delhi.
Mansi Mahajan , News Adviser of tennews. in , sought his expert views on the development impact of Greater Noida Metro Rail, Revival of Jewar International Airport Project and construction status of various Wave Group project in Noida region.
What could be the impact of Greater Noida Metro Rail project on the development of Noida and Greater Noida ?
In view of the enormous pressure of passenger traffic on Delhi-Noida route and projected population of over 15 lakh in Noida and around 12 lakh in Greater Noida by the year 2031, there was an urgent need of an efficient and smooth public transport facility. With this project, Noida as well as Greater Noida would have a faster connectivity; also both the places would be easily connected with Gurgaon and Delhi. This project would improve realty markets in Noida as well as Greater Noida. This would bring ample cheer amongst buyers.
Dr Mahesh Sharma, Minister of State for Toursim, Culture and Civil Aviation has been talking about reviving Jewar International Airport. What is your comment on this?
The proposal of an airport will definitely boast the economy of the Noida. With its proximity to the Delhi International Airport, Gurgaon had seen a rapid real estate development and earned the tag of ‘Millennium City’. The prospect of another airport in Noida can do the same wonders. Noida & Greater Noida residents and investors have a lot to cheer about as they are bound to see high appreciation in their investment. A lot of corporates, MNC’s, and BPO’s have already set shop in the Noida and Greater Noida region and an airport at Jewar would enhance their opportunity for expansion and growth.
Sir, what is the construction status of the Wave City Ghaziabad and Wave City Centre Noida?
Construction in both the projects is in full swing and with partnership with leading firms we are ensuring quality products and timely delivery.
In Wave City Center, Noida, phase 1 of the project would be delivered by 2016, with currently 21.50 lakh sq. ft. of construction already taken place. While in Wave City, Ghaziabad, plots have already been allotted and possession of other products within the city would soon be starting with 63.75 lakh sq. ft. of construction done till date.
Can you put light on the recently announced financial scheme for property buyers?
Wave Infratech recently launched a super subvention scheme at Wave City Center for its finely crafted residences available in 3 and 4 Bedroom options with a wide variety of luxury features and thoughtful amenities. In this scheme the buyer pays only 20% to book an apartment and pays balance 80% in easy installments after possession. The scheme is available for premium serviced residences – Amore.
And what about other ongoing real estate projects in Noida and Ghaziabad regions?
Apart from Wave City Center, another landmark project in Noida is Wave One. It a 41-storey iconic structure of more than 2 million sq. ft. of built-up area that is situated in the core of Sector 18, the commercial hub of Noida. Designed by internationally recognized architect, Brennan Beer Gorman from New York, the tower is set to offer an experience like none other. Adhering to our philosophy of providing environment-friendly buildings, Wave One is also certified by LEED USGBC.
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