The Gateway to Uttar Pradesh and the fastest growing city of Uttar Pradesh- Ghaziabad has emerged as one of the top real estate investment destinations of Delhi- NCR recently. Multiple factors have propelled the growth of the area attracting aspiring property investors. So, if you are searching for a potentially profitable place for investment, Ghaziabad can be a good option in the present times. Here are a few reasons
Proximity to Capital City
Ghaziabad’s proximity to Delhi is one of the most prominent reasons for its popularity among investors. Being just 20 km from the Capital City-Delhi, Ghaziabad has multiple advantages that any investor can get in residential and commercial space. Moreover, Delhi’s ever-rising property rates, the skyrocketing rents, and the hustling crowd is also pushing the investors towards Ghaziabad.
The Government of Uttar Pradesh has recently put a high emphasis on Ghaziabad’s industrial and infrastructure policy. So, it infused a package of INR 3,500 crore into Ghaziabad development, out of which INR 750 crore is allotted for infrastructure development for projects like water treatment plants, Rainwater Harvesting, Hospitals, Schools, Colleges, Metro, Monorail, Rapid Metro Services, and Roads connectivity.
Also, the Uttar Pradesh Pollution Control Board will spend INR 1.1 crore on a Pollution Monitoring System to display real-time analysis of air pollution levels. This will address Ghaziabad’s ever-increasing pollution problem.
Additionally, GDA has declared 500 acres along Hindon as a Green Belt with vast green spaces, where the construction is banned to ensure and maintain a healthy ecosystem.
Due to its active involvement and participation in the cleanliness campaign- Swachh Bharat Abhiyan, Ghaziabad was also identified as the ‘Fastest Mover Big City’ by the Ministry of Housing and Urban Affairs.
Today, Ghaziabad hosts some of the most renowned corporate names in the industrial sector that creates employment for people. It has emerged as a pro-business place for doing business with corporates. The Uttar Pradesh industrial policy has offered various incentives to the industrial houses like electricity subsidies, industrial parks, and other fiscal incentives. Due to these incentives, various blue-chip companies have shifted their base to Ghaziabad. Also, with the advent of companies like ITC and Coca-Cola, Ghaziabad is fast emerging as a haven for both employers and employees.
A Well Connected Zone
Connectivity with different modes of transport is one of the major USP of Ghaziabad due to which the real estate investment in this area has gained momentum. Ghaziabad is placed at a very strategic location that is seamlessly connected to Delhi, Faridabad, and Meerut.
– National Highway -24
The four to fourteen-lane National Highway-24 is a strategic stretch between the Ghaziabad-Delhi border and Dasna. This stretch hosts some of the most premium residential and commercial projects, like 4500 acres of the well-planned smart township- Wave City.
– The Eastern Peripheral Expressway or Kundli–Ghaziabad–Palwal Expressway
The 6-lane wide and 135 km long expressway connects the states of Haryana and Uttar Pradesh. The route has some prominent cities of North India like Sonipat, Kundli, Baghpat, Faridabad, Greater Noida, Ghaziabad, and Palwal and hence remains connected to them.
– GNG Expressway
The upcoming 594 km long, 6-lane wide Ganga Expressway-(GNG) connecting Faridabad-Noida-Gurugram will facilitate a smooth traffic movement on this route.
– Rapid Rail Transit System (RRTS)
The Rapid Rail Transit System-RRTS will pass through Ghaziabad on the route of Delhi to Meerut before expanding to 16 areas of the NCR. The rail network will cover 92 km in just 50 minutes and this will be another significant reason for investors to invest in real estate properties in this zone.
– Ghaziabad- An amenity equipped Smart City
These collective initiatives by the state and the central government along with people’s active participation in making the city habitable have made Ghaziabad one of the most investor-friendly destinations. The city’s infrastructure will include smart amenities like water treatment plants, Rain harvesting systems, Pollution monitoring systems along with an elaborated network of road, rail, and airways.
– Diverse Real Estate Projects
Ghaziabad hosts has a wide array of housing projects for the residential and commercial real estate investors ranging from premium housing, and mid-budgeted to affordable housing that offers all modern-day amenities for a quality living. Being the home to many reputed schools, colleges, educational institutes, malls, shopping complexes, and hospitals has made Ghaziabad a perfect location for residential and commercial property investors.
Wave City- A Coveted Landmark of Ghaziabad
Wave City is a renowned name in the Ghaziabad real estate landscape. Located adjacent to 14 lanes National Highway- NH-24, Wave City is India’s first operational Hi-tech smart city well known for its quality living experience. Spanning over an area of 4500 acres’, Wave City is India’s largest Pre-Certified Platinum Rated Green township where 35 % of the area is dedicated to green and open spaces. Wave City has handed over more than 8115 possessions letters to date where more than 1250 families are already residing.
The township is designed with all the smart features like Central Command Centre, Smart Electric Grid, Intelligent Traffic, and Transport Management System, Water Management System, Cooking Gas Management, Waste Management, Homeland Security Management, Weather Substation, Water Management, Solid Waste Management, City Portal, Street Light Automation and Fiber Optic connectivity to promote a sustainable living for its residents.
Wave City has a diverse range of residential and commercial units for all income groups of society ranging from affordable housing to luxury homes that offer Independent Floors, Low Rise Floors, Mid-rise Apartments, Villas, Affordable Housing Units, Shop and Office Spaces.
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