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There has been a 70 % rise in Average Range Value of property prices in NH 24 during the period of 2008-2018.
On one hand, where construction has picked up its pace on the land of Ghaziabad, on another hand, the capital markets across various micro markets of the city is buyer friendly to ensure sales velocity. The existing property trends in Ghaziabad show ample signs of a possible capital appreciation in real estate value in the foreseeable future as the city has a lot of infrastructural expansion plans in the pipeline.
If investment is in your agenda, you will find a lot of options in areas like Raj Nagar Extension, Vaishali Sector1 etc but of late, areas along the NH 24 have captured the imagination of the investors more than ever before.
Being still on the ‘affordable’ side, as compared to other locations in NCR, NH 24 stretch is witnessing a huge upsurge in construction activities in recent times. These areas are fast metamorphosing into plush real estate hubs, with high-quality infrastructure and provision of amenities that epitomize a cosmopolitan lifestyle. It won’t be too long before NH 24 will be considered a dream destination for real estate investors in the entire North-India.
Some of the USPs of NH 24 as regards to real estate investing are –
Connectivity with other cities
The NH 24 is 438-km long, runs from Delhi to Lucknow and passes through entire Uttar Pradesh including cities like Hapur, Sitapur, Moradabad, Ghaziabad, Bareilly, and Shahjahanpur. Along the NH-24, Noida and Delhi are only a few minute’s drive from Ghaziabad and the nearest Metro point, Vaishali, is just 12 km away. Wave City is located on NH24, 30 minutes from Akshardham Temple, Delhi.
Union Cabinet has recently approved the extension of metro from Noida City Centre to Noida Electronic City. This extension of Dwarka Noida City Centre Metro Line is a leg up for the public infrastructure in Noida. Sector 62 Noida houses many commercial offices and set-ups. Once the metro line will be operational up to this area, there will be an increase in demand for residential houses. Wave City is located at the distance of 15 minutes from Noida Sector 62.
Also, it’s just 3 Kms from NH 24 to the Ghaziabad Railway station. It will give easy connectivity to commuters travelling to other locations in the NCR via local electric trains on a daily basis.
With such well-planned connectivity to other areas in the NCR, it’s no surprise that commercial and residential projects are mushrooming along the NH 24 stretch.
Come to NH 24, see the growth prospect and invest in your future. Areas along NH 24 have everything in them to emulate the other real-estate hot-spots of North India. Invest in properties here as prices have not yet reached ‘sky-high’, as compared to nearby real estate destinations such as Delhi and Noida.
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