{"id":1177,"date":"2017-10-13T16:19:50","date_gmt":"2017-10-13T16:19:50","guid":{"rendered":"http:\/\/www.commercialproperty.review\/?p=1177"},"modified":"2026-10-17T07:39:20","modified_gmt":"2026-10-17T07:39:20","slug":"review-investment-in-wave-galleria-wave-city-ghaziabad-loss-or-profit","status":"publish","type":"post","link":"https:\/\/www.commercialproperty.review\/index.php\/2017\/10\/13\/review-investment-in-wave-galleria-wave-city-ghaziabad-loss-or-profit\/","title":{"rendered":"Review : Investment in Wave Galleria, Wave City, Ghaziabad, Loss or Profit"},"content":{"rendered":"

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As per Location<\/h2>\n

The Wave Galleria is the first commercial complex while you enter from the NH-24 highway Ghaziabad into the Wave City. It\u2019s 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.<\/p>\n

Possession | Construction Update<\/h2>\n

Ready for Possession since the year, 2021<\/p>\n

Fact Check<\/h2>\n

The development of Wave City Township is very slow. At present, there is a lack of residential population, and without a residential population, there is no means of commercial property development\/investment.<\/span><\/p>\n

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.<\/p>\n

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.<\/p>\n

The Wave Infratech builder is not a committed builder in terms of construction and possession. Maximum commercial and residential projects delivered by this developer to date, not been completed in the set time frame.<\/p>\n

The Wave City township has been under construction for the last 12 years, nobody knows when it will be complete.<\/em><\/span><\/p>\n

At present, there are no public transport facilities available to the Wave Galleria.\"wave<\/p>\n

Key Point <\/strong>
\nSuppose the developer of the Wave Galleria Mall handover 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.<\/p>\n

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.<\/span><\/p>\n

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\u2019t any takers to buy these properties.<\/p>\n

WAVE GALLERIA VIDEO<\/strong>
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