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 announced the launch of Gulshan Empire, a premium residential project located at Wave City. The development involves a total investment of approximately ₹1,000 crore and is projected to generate an estimated sales realization exceeding ₹1,200 crore, Gulshan Group said in a press release.
Spread across 5.5 acres (22,505 square meters), the single-phase project will feature 500 residential units. While the developer has historically focused on luxury developments, Gulshan Empire is designed as a premium offering to meet rising demand from homebuyers seeking high design standards, quality construction, and brand trust at a more accessible price point. Built primarily for end users, the development addresses buyer preferences for spacious layouts, integrated communities, and long-term value.
Deepak Kapoor, Director of 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.”
The entire development will be executed in a single phase, with completion scheduled in line with its RERA timeline of 2031. Funding for the project will be sourced through a combination of internal accruals, financial institution backing, and customer sales proceeds.
Gulshan Group has released approximately 9 lakh square feet in the initial sales phase. Unit configurations include 3 BHK residences with helper rooms starting at ₹2.20 crore and 4 BHK residences with helper rooms starting at ₹3 crore. The company reported encouraging sales traction following the launch, signaling steady demand for premium housing in well-connected suburban hubs.
Yukti Nagpal, Director of 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.”
