At present, Ghaziabad is on a transformation drive. Recently, it has been awarded the “Fastest Mover Big City” by Ministry of Housing & Urban Affairs because of its cleanliness drive. With a number of ongoing and upcoming infrastructure projects, the real estate sector in Ghaziabad is likely to see a boost in the coming years.
After the commercialization of Gurgaon and Noida, it is the real estate sector in Ghaziabad that is attracting attention. Be it those looking for investing in properties to those on the lookout for their dream home, real estate companies in Ghaziabad have projects for everyone. Ghaziabad, with a number of upcoming infrastructure projects, is set to become a residential hub, and is already attracting the same interest as places like Gurgaon or Noida do in the real estate market. Here are some of the reasons that have made the real estate in Ghaziabad a hot commodity.
1. Road & Metro Connectivity
Situated on the Grand Trunk Road, Ghaziabad is well-connected to other cities. At the same time, it is also well-connected to other areas of NCR such as Noida, Greater Noida and Delhi. Then there is the benefit of Metro connectivity, providing easy conveyance to office goers. And with metro link from Noida sector 62 to Indirapuram to soon become a reality, Ghaziabad will definitely boast of high-speed connectivity. If that was not enough, then there is also the elevated six lane road from NH24 in Ghaziabad to Raj Nagar Extension.
Rapid Rail Transit System (RRTS) is another project that will enhance Ghaziabad’s connectivity with other cities. The RRTS from Delhi to Meerut will pass through Ghaziabad and will later be expanded to 16 areas of the NCR. The high speed rail network will allow you to travel 92 kilometers in around 50 minutes.
Like most other cities, Ghaziabad is rapidly expanding. Real estate companies in Ghaziabad are focusing more on the outskirts of the city. With the city administration planning to increase the city limits, this should dispel any doubts about investing in real estate projects located on the outskirts. Areas such as, Morti, Bhovapur, Ator Nangla, Mohun Pur and Mohiddinpur will soon become a part of the Ghaziabad City.
With basic amenities like hospitals, schools and malls within a radius of few kilometers, Ghaziabad presents a very ideal location for buying a home.
As an industrial hub, Ghaziabad attracts a large work force from all across the country. The arrival of multinational companies like Coca-Cola and ITC has only increased the profile of the area. In fact, Ghaziabad is well on its way to become an IT and BPO destination. This will further raise the demand for affordable housing in Ghaziabad.
As you can see, there are number of other factors that are in favor of Ghaziabad. The area is seeing tangible growth in real estate which is being driven by some of the most reputed real estate companies in Ghaziabad. In parallel, the region is witnessing strong infrastructural development as well. Add to that the fact that Ghaziabad offers housing options which are much more affordable as compared to Noida and Gurgaon, its reputation of being a preferred location of residence has weight to it.
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