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Ponty Chadha-owned Wave Infratech said that the Noida Authority had approved the master plan for its Rs 10,000-crore integrated township ‘Wave City Centre’.
The company had announced the launch of the first phase of 152-acre township in March earlier this year.
The first phase, with an investment of about Rs 4,000 crore for the development of around 9.5 million sq feet, is slated to be delivered by 2016.
Rakesh Jain, Executive Director, Sales & Marketing, Wave Infratech, said the company had got the master plan approved and was awaiting sanction of building plans after which construction would start.
Wave plans to develop 1,400 housing units with a starting price of over Rs 1 crore, 900 studio flats, 370 high-street shop condominiums, two hotels comprising 400 rooms, a shopping mall having two million sq ft of area and 1.8 million sq ft of offices in the first phase
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