Wave Group, led by Mr. Rajiv Gupta, stresses the need for substantial government backing in the upcoming Union Budget to bolster affordable housing initiatives amidst India's flourishing real estate sector. Despite global economic challenges, Wave Group highlights the sector's resilience and rising demand for sustainable homes post-Covid. With India facing a deficit of 25 million homes, Wave Group calls for enhanced transparency, business ease, lower lending rates, and tax incentives. Known for diverse ventures from real estate to healthcare, Wave City exemplifies innovation with AI technology investments for heightened security and smart city features, aligning with environmental sustainability goals and national cleanliness campaigns.
As India's real estate sector continues to show growth, Wave Group emphasises the need for substantial government support in the upcoming Union Budget to bolster affordable housing initiatives. Mr. Rajiv Gupta, Managing Director of Wave Group, highlighted the sector's resilience amid global economic challenges and the increasing demand for sustainable and aspirational homes post-Covid.
Over the last three years, India's infrastructure development has paved the way for significant growth opportunities in real estate, attracting a diverse demographic including young professionals, NRIs, and retirees. Despite these strides, Mr. Gupta pointed out that India still faces a shortfall of 25 million homes, necessitating government intervention to enhance transparency, ease of business, lower lending rates, and provide tax incentives.
Wave Group, renowned for its diversified portfolio across real estate, manufacturing, entertainment, education, healthcare, beverages, and agriculture, has consistently aimed at optimising business operations and fostering innovation. Wave City, one of its flagship projects under RERA, offers a variety of residential and commercial properties designed to meet modern living standards, including innovative solutions like AI technology for enhanced security and smart city infrastructure.
"Investing approximately INR 10 crore in AI technology, Wave City plans to set a benchmark in real estate by integrating advanced security features such as ATM theft detection and traffic management systems," Mr. Gupta affirmed. This ambitious investment highlights Wave Group's commitment to leveraging technology to enhance residential living standards in Delhi-NCR.
Wave City's innovative approach extends to environmental sustainability with initiatives like smart waste management systems and intelligent traffic management solutions. These initiatives not only aim to enhance the quality of life for residents but also align with national campaigns like 'Swachh Bharat', promoting cleanliness and hygiene.
Looking ahead, Wave Group remains focused on pioneering advancements in real estate technology and sustainability practices, anticipating continued growth and community development through its strategic investments and operational excellence.
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