Indirapuram may actually be a good place to invest in. It is steadily giving tough competition to Vaishali and Kaushambi in terms of overall development and infrastructural growth. This can be ascertained from how major real estate developers in the NCR have already come up with premium and big-ticket projects at Indirapuram right from ATS, Saya Group and Mahagun Group to even Gaurs. Gulshan Homz has already launched GC Grand and the GC Emerald Heights while Guars has Gaur Green Vista and Gaur Green City.
Some other prominent projects include Shipra Sun City, ATS Advantage, Orange County and Mahagun Mansion. These are some of the completed projects in the neighborhood and Rishabh Cloud9 and Saya Gold Avenue are currently in advanced stages of construction. According to experts, Vaishali and Indirapuram are located strategically near Delhi and cater to the mid-segment housing category for the working population in Ghaziabad, Delhi and Noida. Over the last 10 years or so, these areas have turned into self-sustained, well-developed, infrastructurally sound and popular residential locations with ample social amenities. Public transport facilities are readily available and there is metro connectivity as well.
The area is well connected to major business and employment hubs which is also a major growth driver. Areas like Siddhartha Vihar, Vaishali and Vasundhara have already faced the impact of the present slowdown in the property market and experts feel that this may actually be the best time to purchase property in these zones since prices may not go down any further. In fact, once buyers get more confidence and start investing more in this area, values may actually move upwards. Capital values of Indirapuram stood at around Rs.4,089-6,021 per sq. ft. in the year 2015 which went down to around Rs. 3,756-5,667 per sq. ft. this year, indicating de-growth of close to 9-6% respectively.
However, experts continue to remain highly optimistic about growth prospects in Indirapuram and adjoining areas. Although capital values have remained sluggish for the last couple of years and rentals have already come down massaively, the better connectivity through the metro network via Sector 62 and the Delhi-Meerut Expressway should give a renewed push to real estate markets here. Many experts also feel that Indirapuram is saturated in terms of the prices, population and infrastructure load. There is scarce land available for residential development. The rates have already peaked here but have witnessed a trend downwards in recent times, making it a great time to invest in Indirapuram.
Indirapuram is a well-planned and developed locality but scarcity of land may lead to prices increasing in the future. This makes it a great time to buy a home here and with nearby residential hubs like Raj Nagar Extension and Siddhartha Vihar witnessing swift development, Indirapuram will also benefit tremendously due to its strategic location.
