Gulshan Group to Invest ₹1,000 Crore in Premium Residential Project at Wave City
Noida, July 23, 2026: North Indian real estate developer Gulshan Group has officially announced the launch of Gulshan Empire, a premium residential development located at Wave City. The ambitious single-phase project entails a total development outlay of approximately ₹1,000 crore and is projected to deliver an estimated sales realization exceeding ₹1,200 crore. Spanning 5.5 acres, the high-end project will feature 500 residential units, further strengthening the company’s footprint across the National Capital Region, Gulshan Group said in a press release.
The expansion comes as the developer pivots toward offering its hallmark quality at a relatively accessible price point to cater to strong end-user demand. The initial sales phase features three-bedroom residences with helper rooms starting at ₹2.20 crore, alongside four-bedroom units with helper rooms priced from ₹3 crore. The project will be financed through a combination of internal accruals, institutional funding, and customer sales proceeds, with completion scheduled by 2031 under RERA guidelines.
Gulshan Nagpal, Chairman, Gulshan Group, said, “For over three decades, Gulshan Group has built a legacy founded on trust, uncompromising quality and an unwavering commitment to delivering homes that stand the test of time. Every project we undertake reflects our belief that real estate is not just about creating structures, but about building communities and lasting relationships with our customers. Gulshan Empire carries this legacy forward by bringing our hallmark of design excellence, construction quality and customer-first approach to the premium housing segment. As we continue to grow, our focus remains on developing thoughtfully planned communities that create enduring value for homeowners while contributing to the evolving urban landscape of NCR.”
Highlighting the economic rationale behind the development, Deepak Kapoor, Director, Gulshan Group, said, “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. 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.”
Emphasizing the architectural focus on modern buyer preferences, Yukti Nagpal, Director, Gulshan Group, added, “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 residences and contemporary lifestyle amenities while staying true to Gulshan Group’s legacy of delivering thoughtfully designed developments. We believe the project addresses the aspirations of families looking for homes that offer both everyday comfort and enduring value.”
