Ghaziabad transforms into leading real estate destination in Delhi-NCR

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Recent reports have revealed that Ghaziabad is one of the leading and prime real estate destinations in Delhi-NCR. Located in the eastern periphery of Delhi, Ghazaibad is home not only to several factories but also has several head-offices, well-developed residential areas etc. which make it a key industrial hub. There are several infrastructural factors that have fueled the development and growth of Ghaziabad enabling it to experience a surge of demand in the realty market of Delhi NCR.

Road and railway connectivity has reduced transport time drastically enabling commuters to ply between Ghaziabad and Delhi smoothly. The National highway, an upcoming metro line connecting areas of Ghaziabad like Dilshad Garden and New Bus Stand, the Hindon Elevated Road that links UP Gate on the Delhi-Ghaziabad border and the Raj Nagar Extension in UP are believed to be some of the key factors contributing to this growth. There has also been a proposed plan of making converting the Hindon Air Force base into another airport for Delhi NCR diverting domestic air traffic, thereby also providing relief to traffic near the residential area of Raj Nagar Extension. The NH-24 and the Delhi-Meerut Highway have undergone extensions and widening while the commuters from Meerut Road and surrounding areas can use it as a bypass being directly connected to Rajnagar Extension.

Homebuyers are now increasingly looking into the scope of Ghaziabad as a convenient location given its improved connectivity to Delhi and also the affordable rents that the place has to offer. There had been several new launches of property in 2018 and prices have seen a steady rise instead of rapid fluctuations. Residential projects are rapidly developing in urban pockets that include localities like Vaishali, Kaushambi, Siddharth Vihar, Indirapuram, Crossings Republik, Mohan Nagar and Vasundhara to name a few. These are also some of the emerging yet affordable destinations to make investments in for prospective home buyers.

Some of the primary concerns of prospective home buyers are the connectivity issues, overall infrastructure and accessibility to civic amenities in a locality. In terms of these factors, Ghaziabad is proving to be a place with ample scope of growth and development. The strategic location near Delhi-NCR has also boosted its demand and investments in property in this locality can only prove to give promising returns in the future, estimating an appreciation in prices in the coming years. Some of the top projects in Ghaziabad include Prateek Grand City, Mahagun Montage and Migsun Roof to name a few.

Resident Editor