Ghaziabad has been transformed into a real estate hub. All the credit goes to the NH-24 that connects Ghaziabad to Noida and Delhi. Like icing on the cake, the plan to widen the stretch to eight lanes has made the future of Ghaziabad even brighter. The region has grown in leaps and bounds in terms of infrastructure development. Enhanced connectivity and rampant industrialization have fuelled the real estate growth in Ghaziabad.
The demand for Commercial Plots and residential flats for sale in Ghaziabad is also increasing tremendously. The city is sitting pretty after development authorities like GDA (Ghaziabad Development Authority), UP AwasVikas, the municipal authorities and various private developers put in a concerted effort to improve the social and physical infrastructure of the city. It is hardly surprising, then, that property prices have appreciated a good deal in this hot city.
Good infrastructure and easy connectivity to Delhi and other NCR cities like Meerut, Noida, and Gurgaon have largely contributed to this spurt in property prices. All these have contributed to make Ghaziabad one of the fastest developing cities in India. Another reason for the boom in real estate Ghaziabad is the availability of cheaper options compared to Noida and Gurgaon’s real estate market. Developers like SVP, Landcraft, Gulshan, Ajnara, Ansal Housing, Amrapali Group, Antriksh, Supertech Ltd, Ashiana Housing Ltd, Gaursons India Limited, Mahagun, DesignArch and Ramprastha Group have launched various projects in this area.
Apart from developing offices and residential apartments, the builders are trying to fit the need of people such shopping malls, Schools, family entertainment centres, Banks and hospitals, in a broad prospect. Ghaziabad Real Estate Market is soon to soar higher, so there exist a good investment option and one can avail as soon as possible.Property rates have also increased rapidly in the last six months after the new Metro line became operational in the area; on an average, the Metro connectivity to an area creates an appreciation of 20-30 %.
The local authorities here have done well to resolve the basic problems in Ghaziabad, while private developers have shown their commitment in providing apartments for sale in Ghaziabad with luxurious lifestyle amenities like power backup, 24×7 water supply, clubhouse and swimming pools. This is another reason why the prices of property for sale in Ghaziabad are rocketing, as buyers with higher disposable incomes flock to these high-end projects.
Commuting via bus and auto service has also improved in the city. Some of the forthcoming projects like the high-speed train and the FNG corridor will also improve the connectivity of the city. The entire city is being laid with a network of flyovers and underpasses, which will ease pressure on existing traffic.
Ghaziabad has emerged as an excellent breeding ground for both commercial and residential projects and there is every reason to hope for more growth in the coming years. Hence it can be easily concluded that Ghaziabad is slated for a property boom in the near future and is definitely going to be a chosen destination by both investors and end users.