⏱ Last Updated: March 2026 | Data verified from RERA UP portal and builder information.
- Location: Sector 4, Wave City, NH-24, Ghaziabad
- Scale: 8 floors | 718 shops | 4-screen multiplex | Food court | Gaming zone
- Shop sizes: 200–1,200 sqft | Price: ₹20L–₹1.2 Cr per shop
- Completion: 2029
- Anchor: 4-screen multiplex — major footfall driver for surrounding retail
Karyan Avenue IV is the most ambitious commercial project under construction in Wave City Ghaziabad. With 718 shops across 8 floors, 4 multiplexes, a dedicated food court, and a gaming zone, it is set to become the township’s primary entertainment and retail hub. For commercial property investors, it represents a rare opportunity to own retail space in an established township with 22,000+ residents and growing. This guide covers everything about Karyan Avenue IV — shop sizes, prices, returns potential, and what to verify before buying.
Karyan Avenue IV — Project Overview
| Parameter | Details |
|---|---|
| Project | Karyan Avenue IV |
| Developer | Karyan Group |
| Location | Sector 4 (Springwood Enclave), Wave City, NH-24 |
| Total Shops | 718 shops across 8 floors |
| Multiplexes | 4-screen multiplex cinema complex |
| Food Court | Dedicated food court floor |
| Gaming Zone | Entertainment gaming zone |
| Shop Sizes | 200–1,200 sqft |
| Price Range | ₹20 lakh–₹1.2 crore per shop |
| Completion | 2029 |
Shop Price Breakdown — Floor-wise Guide
In commercial projects, shop pricing varies significantly by floor — ground and first floor shops carry a heavy premium due to maximum foot traffic and visibility. Here is a guide to Karyan Avenue IV pricing by floor:
| Floor | Best Use | Price Range (approx.) | Footfall Potential |
|---|---|---|---|
| Ground Floor | Retail anchor stores, branded outlets, pharmacy, bank | ₹70L–₹1.2 Cr | ⭐⭐⭐⭐⭐ Highest |
| First Floor | Fashion, restaurants, services | ₹45L–₹75L | ⭐⭐⭐⭐ |
| Second Floor | Salons, clinics, offices, coaching | ₹30L–₹50L | ⭐⭐⭐ |
| Food Court Floor | F&B outlets, QSR chains, cafés | ₹35L–₹60L | ⭐⭐⭐⭐ (multiplex adjacency) |
| Multiplex + Gaming Floors | Cinema, gaming, entertainment | Lease/revenue share model | ⭐⭐⭐⭐⭐ (anchor) |
| Upper Floors (5–8) | Offices, showrooms, storage | ₹20L–₹35L | ⭐⭐ |
Commercial Investment — Expected Returns from Karyan Avenue IV
Commercial property rental yields in established townships near Delhi typically run 5–8% per annum on market value — significantly higher than residential rental yields of 2–3%. For Karyan Avenue IV, which opens in 2029 with a multiplex anchor drawing significant footfall:
| Shop Investment | Estimated Monthly Rent (post-2029) | Annual Rent | Gross Yield |
|---|---|---|---|
| Ground floor shop (₹80L, 300 sqft) | ₹35,000–₹50,000/month | ₹4.2–₹6 lakh | 5–7.5% |
| First floor shop (₹50L, 300 sqft) | ₹20,000–₹30,000/month | ₹2.4–₹3.6 lakh | 4.8–7.2% |
| Food court unit (₹40L, 200 sqft) | ₹18,000–₹25,000/month | ₹2.2–₹3 lakh | 5.5–7.5% |
| Upper floor office (₹25L, 300 sqft) | ₹10,000–₹15,000/month | ₹1.2–₹1.8 lakh | 4.8–7.2% |
Key variables: Actual rental income depends on the quality of tenants, Wave City’s population growth by 2029, and competition from other commercial developments (Wave Galleria, SKA Arcadia, Dream Bazaar are already operational). The multiplex is a strong anchor that drives footfall to adjacent food and retail floors.
Karyan Avenue IV vs Other Wave City Commercial Projects
| Project | Scale | Status | Anchor | Best For |
|---|---|---|---|---|
| Karyan Avenue IV | 8 floors, 718 shops | UC — 2029 | 4-screen multiplex | Long-term commercial investment |
| Wave Galleria | Operational mall | ✅ Operational | Retail mix | Immediate rental income |
| SKA Arcadia | Commercial complex | ✅ Operational | Haldiram | Immediate rental income |
| Dream Bazaar | 4.5-acre complex | ✅ Operational | Neighbourhood retail | Daily-need retail |
| Karyan Square | 257 units, Sector 2 | UC — 2028 | Mixed retail | Smaller investment entry |
Frequently Asked Questions — Karyan Avenue IV
Is Karyan Avenue IV a good commercial investment?
Karyan Avenue IV has strong investment credentials — a 718-shop scale in an established 22,000+ resident township, a 4-screen multiplex as footfall anchor, and a Sector 4 location in Phase 1. The key consideration is the 2029 completion date — you will not earn rental income for approximately 3 years. Buyers should compare the under-construction price against Wave Galleria or SKA Arcadia resale shops where immediate rental income is possible.
What is the price of shops in Karyan Avenue IV?
Shop prices in Karyan Avenue IV range from approximately ₹20 lakh for upper-floor units to ₹1.2 crore for prime ground-floor shops. Ground floor shops (300–500 sqft) are the most sought-after and command ₹70L–₹1.2 Cr. Food court and first-floor retail shops are in the ₹35–₹75 lakh range. Verify current prices directly with Karyan Group as pricing adjusts during construction.
When will Karyan Avenue IV be complete?
Karyan Avenue IV is expected to complete in 2029. Verify the current RERA-registered completion date at rera.up.nic.in before committing. Under the RERA Act, if possession is delayed beyond the registered date, buyers are entitled to interest-based compensation on their paid amount.
How many screens does the Karyan Avenue IV multiplex have?
Karyan Avenue IV features a 4-screen multiplex cinema complex. This is the first full multiplex inside Wave City township — Wave Galleria has a cinema component but Karyan Avenue IV’s 4-screen format is significantly larger. The multiplex is a major footfall driver for the food court and adjacent retail floors.
🏡 LOOKING TO BUY A PLOT IN WAVE CITY?
Get Expert Help — Plots from ₹90,000/sq yd.
Wave City Ghaziabad plots are available across Sectors 1–7 starting from ₹90,000 per sq yard. Whether you want to buy, sell or invest — Ammaya Properties gives you verified pricing, free site visits.
View Wave City Plots → 📞 +91-88264 17999 | Free Site Visit IncludedRelated Articles
- Wave City Commercial Projects Guide 2026
- Wave City Investment Guide 2026
- All 18 Sectors of Wave City Explained
- Wave City Property Prices 2026
- Wave City RERA Verification Guide
Sources & References
- [1] Karyan Group — Official project information for Karyan Avenue IV.
- [2] 99acres — Wave City commercial listings and pricing data. 99acres.com
- [3] UP RERA Portal — Commercial project RERA registrations. rera.up.nic.in
Mayank Jain is a real estate researcher and digital content specialist with deep expertise in the Wave City Ghaziabad township. He has personally tracked Wave City’s development across all 18 sectors — from GDA approvals and RERA filings to builder possession timelines and resident feedback. As founder of Ammaya, Mayank brings 10+ years of experience in digital publishing, SEO, and web technology. All property data, pricing, and legal information published on this blog is independently verified against official RERA records, GDA board minutes, and direct builder sources before publication.