Significant Reasons to Invest in Residential Apartments in Ghaziabad

Jayant Upadhyay

Infrastructural development, affordable housing, connectivity makes it a significant place for an investment

There is a significant real estate activity in Ghaziabad. Three prominent micro markets – NH24, Krishna Vihar & Raj Nagar Extension have witnessed an increased action in terms of new launches. From 2011 to 2013, the value of the property prices in these regions has been increased by over 50% (Source: Times Property).

Evolving Infrastructure in Ghaziabad

Though Ghaziabad Development Authority (GDA) has planned the infrastructure but most of the development is done here by private builders.

Over the last decade, Ghaziabad has become a decongestion option for Delhiites. Even today also, several elevated roads, underpass, over bridges, are many other people-oriented infrastructural changes are on its way.

Pricing

Average property prices in top mid segment localities by consumer preference in Ghaziabad –

AreasCapital Values Per Sq.ft
Shakti Khand3505-5072
Shakti Khand 33379-4979
Gyankhand3568-4907
Gyankhand -13516-4987
Nitikhand 13526-5041
Indirapuram3510-5168
Vasundhara Sec-13013-4511
Shalimar Garden3002-4748

Average property prices in premium localities by consumer preference in Ghaziabad

AreasCapital Values Per Sq.ft
Vaishali3583-5306
Ahinsa Khand 23840-5682
Vaishali Sector 53695-5434
Shakti Khand 43832-5450
Indirapuram4204-6253
kaushambhi4703-7048

Approved Projects –

Some time ago, there was a proposal by the UP government to extend the metro line by 9.4 km from Dilshad Garden to New Bus stand. The UP government approved ₹ 1125 crore for 10 km NH 24 in Ghaziabad to Raj Nagar Extension. This government led initiatives will change the real estate profile of this region.

Connectivity

The fact that city is located near NH 24 has played a pivotal role in taking the demands for a home in Ghaziabad to new lengths.

The Hindon elevated road, the elevated road from UP gate to Raj Nagar Extension, the Meerut Muzzafarnagar industrial area, the six-lane link road connecting NH 24 to NH 58 etc. will make Ghaziabad an attractive real estate destination.

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