India’s Largest Commercial Center- Wave City Center Noida
Important Info: This website does not wish to promote this or any other projects. Recently a lot of complaints have been raised againt Wave Infra group related to their project Wave City NH-24. The key issues against the promotor company has been namely, 1) Non-allotment of plots to majority of orig applicants (year 2005) even after 7 years wait, 2) Unethical practices by changing the orig priority list by asking more money, 3) Slow pace of work since 2005, no road connectivity from NH-24 to site or completion of internal sector roads, no timebound site deveopment since 2005, 4) Non-transparency in the allotment of plots as premium location plots sold at high prices bypassing the orig applicants. Moreover orig applicants allotted remote location plots (Sec 15) after 7 years of wait, 5) Finally, there are many court cases against the land acquisition for the project and the company has not been forthcoming on the nature of land acquisitions and how much land they have in actual possession.
Complaint References: http://finance.dir.groups.yahoo.com/group/hitechcitygzb/message/3446; http://www.indianrealestateforum.com/ghaziabad/t-soon-launching-wave-city-nh24-16530-page3.html
In this background, we request everyone to do due diligence while dealing with the company.
29 Sep 2011
It was last year that at ncrhomes.com we noted that “Chadha group which is till date known for building wave cinema and centre stage mall in Noida is all geared up to be counted amongst the biggies of NCR like DLF, Unitech and JP. Watch this space.” Here is the link of that post.
Though it took another year for Wave Infra to start creating big waves into Indian real estate, but we have had this inkling for some time. While some of the biggies in Indian real estate are finding it difficult to carry their own weight, Wave Infra is emerging as a vibrant and dynamic group which seem to have all the firepower to be counted as the best in NCR. The cherry on the cake for the group seem to be their ever dependable customer service.Time would tell if Wave Infra could really DELIVER this dream successfully. Watch out for this space.
2015 deadline for City Centre project
TNN | Sep 29, 2011, 04.28AM IST
NOIDA: Six months after the Noida Authority sealed the multicrore City Centre deal, Wave Inc, the private developer of the project laid the foundation stone of the project on Wednesday, thus launching it officially. The official spokesperson of Wave Inc said the first phase of the project will be complete by 2015.
The City Centre project, spread across sectors 25A and 32 is touted as one of the largest multi-purpose commercial hubs in the NCR and will house offices, banks, hotels, retail spaces, shopping, dining and world-class entertainment options as well as service apartments among other things. A parking area to accommodate over 40,000 cars will also be developed within the premises.
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