Karyan Group to Invest ₹900 Crore in Luxury Housing Project in Ghaziabad

• Luxury homes priced between ₹2 crore and ₹6 crore
• 608 premium apartments and penthouses planned in Ghaziabad
• Project expected to generate nearly ₹1,500 crore revenue

Ghaziabad: Real estate developer Karyan Group has announced its entry into the luxury housing segment with a major residential project in Ghaziabad. The Noida-based company plans to invest nearly ₹900 crore in the development, named Trevana Residences, which is coming up along NH-24 opposite Wave City.

The project reflects the growing appetite for premium and luxury homes in the NCR region, especially in emerging micro-markets where buyers are increasingly looking for larger apartments, better amenities, and lifestyle-oriented living spaces. According to the company, the project is expected to generate an estimated revenue of around ₹1,500 crore.

Karyan Group Director Varun Garg said the company is positioning Trevana Residences as a high-end residential destination with a strong focus on architecture, landscaping, and construction quality. The developer has partnered with experienced consultants and designers associated with several well-known projects across Noida and NCR.

The luxury development will feature around 608 residential units, including apartments and penthouses. Home prices are expected to start from nearly ₹2 crore and may go up to ₹6 crore depending on unit size and specifications. The project will have a total saleable area of approximately 16 lakh square feet and is targeted for completion by 2030.

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Interestingly, the project has already seen strong buyer interest even before its official launch. Around 150 units have reportedly been booked during the pre-opening phase, indicating continued demand for premium housing despite rising property prices in NCR.

Karyan Group also highlighted that the company currently remains debt-free and has already infused nearly ₹150 crore into the project through internal accruals. Garg said the developer does not immediately require external fundraising for ongoing developments. However, if additional funding is needed in the future, the company may prefer debt financing instead of equity dilution.

“At present, most of our planned investment can be managed internally. But if future requirements arise, we would first explore debt funding options,” Garg said.

The project announcement comes at a time when developers across India are dealing with rising construction costs triggered by global geopolitical tensions, particularly the ongoing crisis in West Asia. Fluctuations in crude oil prices have impacted the cost of steel, cement, fuel, and other construction materials, increasing financial pressure on real estate companies.

Addressing these concerns, Garg stated that Karyan Group has already factored inflationary pressures into the project planning. The company has reportedly added an additional contingency buffer of nearly 10% to manage possible increases in material and operational costs.

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He further clarified that buyers who have already booked units will not face any cost escalation. However, prices for unsold inventory may be revised in the future if raw material prices continue to rise significantly.

Real estate analysts say the luxury housing segment in NCR has remained resilient over the past few years, supported by rising income levels, aspirational buying trends, and demand for modern lifestyle amenities. Buyers are increasingly preferring gated communities that offer spacious layouts, wellness facilities, landscaped open spaces, and premium social infrastructure.

With projects like Trevana Residences, developers are now aggressively targeting affluent homebuyers looking beyond traditional luxury markets. The launch also signals growing confidence among developers in Ghaziabad’s evolving real estate landscape, particularly in premium residential categories.