In last few years, Ghaziabad has seen immense real estate activity. People from across the nation are booking their space in the city. NH 24 in Ghaziabad is emerging as a potential real estate destination. Over the last 8 years, here the property prices have rose around 70%. Let’s see the reasons for consumers’ demand –
Ghaziabad is located in the state of Uttar Pradesh and is a part of the NCR or National Capital Region of Delhi. It is very near to Delhi and is well connected by highways and roads to the entire NCR, such as Gurgaon, Noida, etc. The widening of NH 24 into a 14 lane national highway will give a boost to the real estate. Being one of the major commercial, educational, business and infrastructural hub of western Uttar Pradesh, Ghaziabad is often referred to as the ‘Gateway of UP’.
It is a huge, planned industrial city with outstanding infrastructure and connectivity. In the last decade, the city has witnessed exceptional industrial and economic development, which has resulted in people from across the country moving to Ghaziabad for business and employment opportunities. This has resulted in a great increase in the demand for accommodation in the city.
This increasing demand has given a boost to the real estate sector of Ghaziabad, and the city is fast turning into the real-estate hub of the NCR. Explained below are some of the reasons that explain why one might want to think of buying premium 3 BHK Flats in Ghaziabad:
• Unlike the other cities of NCR, Ghaziabad is not as congested. As a result, property prices in Ghaziabad are still far lower than that of Delhi, Noida, Gurgaon, etc. This means that you can still buy a spacious house in Ghaziabad at competitive price rates.
• Ghaziabad is very well connected to the capital city and all the other major cities of the NCR. As a result, people working in Noida or Delhi can easily buy a home in Ghaziabad, as commuting from Ghaziabad is not too expensive or difficult.
• Businessmen and professionals from across the country are moving to the city every year for employment, work and business opportunities. This is why; a premium 3 BHK Flat in Ghaziabad can even give high rental returns and thus create a great source of passive income for the homeowner.
• The industrial and economic growth of Ghaziabad has resulted in many companies setting up their offices in the city. Due to this, the city has excellent employment opportunities to offer to people coming to the city to settle down here.
All these above mentioned points explain why Ghaziabad is an ideal city to invest in properties.
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