Possession Starts at Wave City Center
Wave City Center in Sector 32 Noida, has begun delivering and giving possessions of its products. With construction at brisk pace, Wave City Center is delivering its first commercial development, High Street Shop Condominiums (HSSC).
Understanding, that the traditional retail developments are soon to be passé, and the sector needs something more immersive, Wave City Center ventured into a unique kind of retail concept with High Street. Retail sector is evolving as per changing consumer patterns and HSSC has the necessary innovation of providing better consumer engagement for retailers and ease of access for the consumers.
With Occupancy Certificate received for over 4 lacs sq. ft. of area, Wave City Center is set to cater to its patrons with its high street retail, which gives its customers the best of retail experience than conventional malls. It is built on G+2 structure, with dedicated pedestrian friendly pathways, convenient underground parking, impressive frontages, open landscaped areas and sidewalk cafes.
This high street retail is unique in many ways, starting from its space efficiency. In a mall setting, there is always the issue related to the saleable area and the area a shop owner can actually use (covered area). In such cases, shops are left with only 50% or even less of space efficiency; what sets this development apart is around 90% of its space efficiency, which gives shoppers a clutter free shopping experience and retailers more covered (usable) area. Apart from space efficiency, here, investors get freedom from paying heavy CAM charges. In a mall, CAM charges may range from Rs. 35-40 per sq. ft., but here, the Common Area Maintenance (CAM) charges are expected to be around Rs. 10 per sq. ft. thus reducing the burden on the retailer.
Wave City Center’s high street retail provides all the facilities of a mall, yet it stands apart, as it not only gives its patrons a unique shopping experience but also keeps in mind their convenience. Parking is the most pressing issue now a days; and generally high street locations do not have sufficient parking spaces. High street here has a 3 level basement parking; all that a customer has to do is park conveniently and get an easy access to the shopping arcade.
Speaking on this occasion, Mr. CJ Singh, COO, Wave City Center said, “We are delighted to receive the Occupancy Certificate for HSSC. We are delivering our first retail product, which is set to change the retail scenario in Noida. We are giving our customers a destination with a different shopping experience. It is developed keeping in mind convenience of both the investors and the patrons.”
Connectivity and location are the key factors for a successful retail establishment and HSSC at Wave City Center, is set in one of the best locations in Noida. It is well connected to all arterial locations of the city like sector 18, Noida Golf Course, DND and is adjacent to Wave City Center Metro Station.
Talking on Wave Infratech’s commitment to deliver, Mr. Rajiv Gupta, CEO Wave Infratech said,“ With couple of financial institutions already on board, our construction is at full pace. We, at Wave remain committed in offering world class luxury experience to our customers at Wave City Center.”