Gulshan Group, one of North India’s leading real estate developers, has announced the launch of its newest premium residential property, Gulshan Empire in Ghaziabad, marking a fresh push by the company into the city’s expanding luxury housing segment.
The announcement comes even as the Noida real estate market continues to surge with major infrastructure developments and rising demand for luxury housing.
The new project, Gulshan Empire, is located in Sector 1, Phase 1, of Wave City, Ghaziabad, directly on NH-24 or the Delhi-Meerut Expressway corridor. The location is expected to significantly reduce commute times for residents travelling to and from Delhi, Noida, and Greater Noida.
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.”
Gulshan Empire is a single-phase development spread across 5.5 acres, with an estimated development cost of approximately ₹1,000 crore. The company projects total sales realisation of ₹1,200 crore.
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.”
Speaking to reporters the officials also said that the land was acquired directly from Wave City last year for ₹175 crore.
The project will comprise 500 apartments across six towers. Its first phase will introduce approximately 9 lakh square feet of residential space, featuring 3 BHK apartments with a helper’s room, starting at ₹2.20 crore and 4 BHK apartments with a helper’s room, starting at ₹3 crore.
Notably, according to company officials, the group has also taken a construction loan of ₹125 crore from Tata for the project in case of need.
The developer has reported strong initial demand, with approximately 40% of units already sold since launch.
Roughly 70% of bookings have come from end-users with families in their late 30s upgrading to larger homes, and repeat buyers or former tenants of the group’s earlier projects.
The demand for premium and luxury residential property in Noida has surged compared to previous years, with mega projects like the construction of the Noida International Airport raising questions about how far this demand will extend.
Yukti Nagpal, Director, Gulshan Group, said, “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.”
Construction on Gulshan Empire is slated for completion by 2031, in line with the project’s RERA-approved timeline.
