Wednesday, June 12, 2013

Wave City Center - Wave Infratech


Address: Sector-25A/32, Noida
Sizes: 672 sq ft - 802 sq ft
Type: Office space,Retail space
Expected Possession By: 2016

About Wave City Center


The Talking Brick went to the actual Wave City Center project site on 29th September 2012, to enquire and collect information about the project that is precisely listed below:
TTB



The project of Wave Infratech

Size: Retail Spaces - 2152.80sq ft to 3767.40sq ft Office Spaces - 745.2sq ft to 1301.60sq ft Serviced Residences - 1584.63sq ft to 3016sq ft Multi-Use Studios – 672sq ft and 802sq ft

Basic Sale Price: Rs.7600/sq ft – Rs.9250/sq ft

Expected Possession: 2016 Take a long walk, as the project is four years away from completion. Possession date on official website: 2016 Possession date on other real estate websites: 2016 Possession date as per people working on the actual project site: 2016 Possession date as per the broker: 2016

The Talking Brick went to the actual project site on the 29th of September to enquire and collect information about the Wave City Center. The information collected by us is listed below:

1. The project will feature commercial, commercial plot and residential type construction with the total 370 numbers of commercial units other than fully furnished studio apartments including 3/4/5 star hotels.

2.The entire land belongs to the owner of Wave Infratech Mr. Monty Chaddha as the Rs.3000crore registry belongs to him. At present, digging of raw piece of land at sector-32 is going on and entry of outsiders is not allowed here.

3. A boundary wall surrounds the entire piece of land in both the sectors but Spice Mall is presently using the land in sector-25A as a parking space (exclusive photo links below) as no construction work has started there as of now.

http://thetalkingbrick.com/blog/wp-content/uploads/2012/10/Wave-Sector-25A-site.jpeg

4. The wave studio apartment rates are supposed to be revised by the company with effect from 18th November to Rs.500/-(this info appears on one of the realty websites).

Connectivity

The project location is well connected with all the other sectors in Noida. Transportation is not a problem here as buses, auto and gramin seva are readily available here. Noida sector-18 metro station (3km) Mahamaya Flyover (4km) DND Flyover (5km)

Apartment/Unit Size

The project will include residential as well as commercial center spread across 150 acres of land.

Number of apartments: 8500

Number of commercial centers: 370

Unit type: 1/2/3 BHK

Size: 2000sq ft - 3200sq ft (GF/FF/SF comprising of business/retail/entertainment centers)

Office Space – 745sq ft (sold out) 1098sq ft (available) @Rs.7600/sq ft 1301sq ft (available) @Rs.7600/sq ft

Studio Apartments – 692sq ft (available) @Rs.8750/sq ft 801sq ft (available) @Rs.9250/sq ft

Expected Possession

Presently digging of land is going on at the site of construction and no information is available on the official project site regarding the date of possession.

The project will take nearly 3-4 years before it’ll be ready for possession according to the broker.

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