Review : Investment in Wave Galleria, Wave City, Ghaziabad, Loss or Profit

Review

CPR Ratings

As per Location
The Wave Galleria is the first commercial complex while you entering from the NH-24 highway Ghaziabad into the Wave City. It’s a corner property. The project is easily visible and walkable to nearby residents. The project has a good location but at present, there is a lack of residential population.

Possession | Construction Update
Wave Galleria project is under construction. The promised date of delivery/possession was set for the year of December-2018. However, as of now, the project has been moving at a snail’s pace. And to see the slow construction of the Wave Galleria and other residential group housing projects of the Wave City township, the project may be the delay for more couple of years.

wave galleria wave city nh-24 highway, ghaziabad ,up

Drawbacks | Bad Factors
The development of Wave City Township is very slow. At present, there is no residential population, and without residential poplation, there is no mean of commercial property development/investment.

As we analyze that there are almost very slow construction activities in all under construction real estate projects of Wave Infratech group in Delhi NCR.

wave galleria, wave city, nh-24, ghaziabad

Maximum Mall or Mall type properties are not the good and safe investment options in the Ghaziabad, Noida and Greater Noida area. The maximum investors who invested in Mall type properties are in 99% loss.

Actually, only a few Malls is running fine in Ghaziabad, Noida and Greater Noida area such as Shipra Mall, GIP Mall, DLF Mall of India, etc otherwise all other Mall type properties are the investment of 99% loss.

The Wave Infratech builder is not a committed builder in terms of construction and possession. Maximuml commercial and residential projects delivered by this developer till date, not completed in the set time frame.

The Wave City township has been under construction since last 12 years, nobody knows when it will be complete.

At present, there are no public transport facilities available to the Wave Galleria.wave galleria wave city nh-24 ghaziabad uttar pradesh

Key Point
Suppose the developer of the Wave Galleria Mall hanover the possession of this project in the set time frame or on the before set time frame, even then investors will not get benefit from this project, because at present there is no residential population.

The property is best suited if you are willing to hold onto a longer term for returns as it would take a couple of more years (or even more) for completion of the property and the market to appreciate in the locality. As for the location of the property is concerned it is a prime locality with all required amenities located within the township. And this is subjected to the early settle down of the population.

It is probably not the right choice of investment for those who are looking for ROI in the next year or so. Given the doubts surrounding the possession date, there may not be a real appreciation of value for resale in a year. In fact, investors who are trying to make a sale of their property in the Wave City are now struggling to reach their initial investment. Despite having brought their prices down, there aren’t any takers to buy these properties.

WAVE GALLERIA VIDEO

Advantages | Good Factors
Wave Galleria Commercial Complex is properly visible to all passers from connecting roads of Wave City, sector-3, the Kingswood Enclave. This project is located in between high-rise residential flats and independent villas of Wave City Sector-3 residential.

The ground floor commercial retail shop of this project is property visible, especially the main road facing retail shop, so the investment in the ground floor main road facing shops can be a gives good returns.

Products & Developer
Wave Galleria is a part of the residential township Wave City, NH-24, Ghaziabad. Wave Galleria is situated in the sector-3, Kingwood Enclave of the Wave City Township. This project is under developing by the Wave Infratech. It’s a commercial property. This project consists of commercial retail shops office spaces and food courts. It’s a Mall type property.

Builders Profile  | Track Record

  Wave Infratech, builders,profile,track record, expert,views
PREDECESSOR Chadha Infrastructure Developers Private Limited
FOUNDED 2008
FOUNDERS Gurdeep Singh (Ponty) Chadha
KEY PEOPLE Harmandeep Singh Kandhari, Manpreet Singh Chadha
COMPANY | PROMOTERS Wave Infratech Private Limited
PRODUCTS Commercial offices, Shopping Malls, Hotels, Leisure & Hospitality, Retail, Multiplexes
AREA SERVED Ghaziabad, Noida, Chandigarh
PROJECTS COMPLETED Wave Silver Tower
PROJECTS ONGOING Noida:- Wave City Centre ( Wave Metro Mart, Wave Livork, Wave High Street Shop Condominiums), Wave One
Ghaziabad: Wave City
Greater Mohai:- Wave States
PROJECTS UPCOMING  
DELIVERY TRACK RECORD Very Poor
NET WORTH
STRENGTH
COMMITMENT Zero
RISK Delay possession, the investment can be stuck, long wait
DEBT Yes
LITIGATION  Facing Unfair trade practice charges in Indian courts
OFFICE ADDRESS Corporate Office
Wave Infratech Pvt. Ltd.
C – 1, Sector – 3, Noida – 201301, (U.P), Tel: +91-120-4180500, eMail: customercare@waveinfratech.com
BUILDER CATEGORY
BRONZE

 

Price | Lease Price
Wave Galleria retail shop & office price start from approx:-

FLOOR PRICE (PSF)
Lower Ground 7800
Upper Ground 8000
First Floor 6600
Second Floor 4500
Third Floor 4250
Office Space 4000

The price is reasonable for investment.

Also Read : Review : Investment in Wave Metro Mart, Retail Shops, Sector 32, Noida, Loss or Profit
Also Read : Review : Investment in Wave High Street Shop Condominiums, Noida, Loss or Profit
Also Read : Review : Investment in Wave One, Sector 18, Noida, Loss or Profit
Also Read : Review: Investment in Wave Silver Tower, Sector 18, Noida, Loss or Profit

Conclusion
After analyzing all the above facts that the investments in the Wave Galleria retail shops may take a very long time to grow. So invest carefully.

CPR Ratings

Investors Vote
[Total: 2 Average: 1.5]

NOTE: BEFORE INVESTING, DO YOUR OWN RESEARCH

7 Comments

  1. Hi admin I am looking for investment in upper ground floor in wave galleria… please suggest should I invest or not

    Reply
  2. All are fake reviews by their own employees.
    They are professional fraudsters and will cheat you once you are struck with them. Do not get induced by their marketing team and buy any of Wave Property.
    I have 2 plots of 404 sq. yards and at time of possession they will ask for Conversion charge, Electrical substation charge, Development charge, Electricity charge, Gas Connection charge, Sewer connection charge,Water charges, Data and Voice charges, Club membership, Rain water harvesting system.
    You will be surprised that on vacant plot they are asking all these fraud charges when it should already be part of plot cost. They will ask for maintenance of Rs.10 per sq yard per month on empty plot that too 2 years advance and IFMS of Rs.100 per Sq yards They will put all wrongful interest on your payments and if you ask for interest for delayed development from last 15 years they will not pay any amount.
    You will realize that your property cost go up by 40% because of all these new charges.
    Advise Do not fall in trap and any clarification you can reach me on +91 9810774450.
    At Wave City they have made 2 offices, one beautiful on to trap new clients and one in old building once you are stuck and to fight meet in old building so their new customers never get to know about their tactics.
    Sahil Gupta

    Reply
    • Thank you for your valuable feedback

      Reply
    • Thank you Sir,

      Same charges they told me for plot in sector -5 of 194 sqm. Price if resale plot by another propert dealer is Rs. 45 lakh So please guide me.

      Reply
  3. Very true feedback Sahil ji. I am suffering since last 7 years after buying wave floor. All my dreams have become nightmares. The staff is clueless, arrogant and unethical. I keep telling everyone to not invest here. Wave is a pathetic builder and for all their grand plans, they do not have what it takes to be responsible company. My money is stuck and I regret buying my house here.

    Reply
  4. The worse ever society in Ghaziabad in terms of security, amenities, infrastructure. I haven’t seen such a worthless residential society ever.

    Reply
  5. Hi priyanka

    What is the status of your flat now? I too have a floor in sector 5..please tell if the issue is resolved Or still facing issues from the builder..

    Reply

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