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Real estate investment can be a daunting undertaking, especially when it comes to finding the right site. The location of a home is one of the most important criteria for potential purchasers. Affordable homes in Ghaziabad are being built by a growing number of reputable real estate firms, and they aim to meet the needs of prospective purchasers in every way. Find out why purchasing a home in Ghaziabad is smart by reading on.
Undoubtedly, Ghaziabad has become one of the fastest-growing investment destinations in the country, progressing due to its improved connectivity, infrastructure, and affordability.
Ghaziabad City which serves as the district headquarters for Ghaziabad District was carved out of the Meerut district in 1976. With the onset of industrialization Ghaziabad was designated as a Class I category city in the 1971 census. The city has developed in areas located between two major transport nodes i.e. NH-24 and NH-58. The city is bifurcated by River Hindon into two halves.
Also known as the “Gateway to Uttar Pradesh” is a property hub, a neighbourhood that is slowly cashing in upon the opportunity due to its improved connectivity, infrastructure, and affordability. Real estate in this area is flourishing along two national highways NH-58 and NH-24. Proximity to Delhi and Noida, Good infrastructure development made this district the best property investment destination
Reasons to Invest in this Upcoming Locality
Prime location - surrounded by highways and has multiple connectivity points with Delhi, Noida, Faridabad, and Meerut (FNG expressway, Eastern and Northern peripheral expressway, Link Road and elevated road). Metro train and Country’s 1st Rapid Rail (RRTS) will further boost the connectivity of this neighbourhood.
Recently, the Uttar Pradesh government announced a package of nearly INR 3,500 crore for Ghaziabad from which INR 750 crore was allotted to infrastructure development projects such as water treatment plant, rainwater harvesting facilities, hospitals, schools and colleges, intra-city connectivity through Metro and Mono rail, rapid metro services, and a network of roads, all of which will definitely lead to the improvement of the city and attract more home buyers looking to invest in an apartment for sale in Ghaziabad.
Uttar Pradesh Pollution Control Board is planning to introduce a continuous ambient monitoring system that will display real-time analysis of air pollution levels. Additionally, the Ghaziabad Development Authority has declared 500 acres along Hindon as a green belt, banning all construction and thus ensuring vast green spaces in Ghaziabad. City forest, developed by GDA and proposed BCCI Cricket Stadium is also drawing the attention of the buyers as well as investors.
Affordable housing and comfortable living -Average price range is INR 3,200-4,500 per sq ft. and the rentals are also low in the area.
Properties in Ghaziabad showed indications of recovery in the first quarter of 2021, even though the COVID-19 pandemic had hit the city. The city saw a spike in resale enquiries and deals compared to the previous quarter. Some areas, including Raj Nagar Extension and Indirapuram, continued to draw the most attention from buyers.
If you manage to consider Raj Nagar extension as one of the preferred choices then ensure you check out the offerings by Nilaya Greens. Nilaya Greens is a zero-debt real estate company, offering IGBC green podium-based affordable homes at Raj Nagar Extension, Ghaziabad. Housing offered by Nilaya Greens is one of the most preferred housing solutions by people hunting to buy a dream home.
Unparalleled Features - Offering quality housing at affordable rates
It is a middle-class people’s future city
With close to 115 per cent capital appreciation in the last several years, Raj Nagar Extension has emerged as the most profitable yet affordable residential pocket in Ghaziabad. Located on NH-58, it offers mid-rise apartments in the price range of Rs 3200-4000 per sq ft. Proposed connectivity with NH-24 and the extension of the Delhi metro to the locality are seen as major growth drivers. The absence of any controversy regarding the legality of the land acquired from farmers has also given an impetus to its progress. With projects from well-known builders, the locality attracts end users as well as investors.
Real estate experts credit this performance to the following factors
While its neighbouring localities such as Noida Extension and Crossing Republik were battling with controversies like the land acquisition row and dumping ground issue respectively, Raj Nagar Extension continued evolving as a safe destination to park one’s money.
While the other trans-Hindon localities such as Kaushambi, Indirapuram and Vasundhara are becoming increasingly unaffordable for the common masses, residential apartments in Raj Nagar Extension are 20-30 per cent less expensive.
Rental rates in Raj Nagar Extension Pocket friendly both in terms of capital as well as rental values. Raj Nagar Extension also sees a good influx of people working in Noida and looking for affordable rental options.
main city and thus scores high on the location attractiveness index. Despite being away from the main city, Raj Nagar Extension does not fall short of the modern amenities and infrastructure that a residential pocket must have. The locality has a good number of schools including renowned ones like Delhi Public School, GD Goenka Public School and Presidium.
Renowned management colleges like IMT, ITS, IMS, KIET, Dental and Medical colleges are also in close vicinity. The area has no shortage of entertainment zones including malls. The locality is also self-sufficient in terms of necessities such as medical clinics and hospitals. Overall, the locality boasts of sound physical and social infrastructure.
Connectivity to Peripheral Expressway, the Metro line, Country’s 1st Rapid Rail, Elevated road, City Forest, and BCCI’s International Cricket Stadium are some of the major growth stimulators for the locality. Real Estate experts feel that these will keep the uptrend in property prices in the area intact.
This is because the locality has more end users than investors. With all these developments, Raj Nagar Extension is expected to give tough competition to other popular investment zones in Delhi NCR. To sum it up, Raj Nagar Extension is an ideal place for those who want to own a house within INR50 lacs in a habitable place in Delhi NCR.
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