India, July 23 -- Ghaziabad's housing market is steadily moving up the value chain, with developers increasingly launching premium projects priced at Rs.2 crore and above, driven by improving infrastructure, including the operational Delhi-Meerut Expressway, and rising demand from end-users.

Delhi-based Gulshan Group has launched Gulshan Empire, a premium residential project in Sector 1, Wave City, with apartments starting at Rs.2.20 crore. While the company entered the Ghaziabad market nearly two decades ago, the launch marks its latest bet on the city's growing appetite for premium housing.

Spread across 5.5 acres, the single-phase development involves an investment of around Rs.1,000 crore and is expected to generate sales revenue of...