Summary For Raj Nagar Extension
Location Summary: Raj Nagar Extension
Raj Nagar Extension is a rapidly developing locality located in the Ghaziabad district of Uttar Pradesh. It is situated in close proximity to Delhi and is well-connected to major cities through the NH-58 highway. The area is known for its excellent infrastructure, quality residential properties, and commercial developments.
Rental Rate: The rental rate in Raj Nagar Extension is ₹ 10 per square foot. This rate is competitive when compared to other localities in the region.
Sales Transactions: According to recent data, there were 2,042 sales transactions in Raj Nagar Extension. This indicates a high demand for properties in the area.
Gross Sales Value: The gross sales value of properties in Raj Nagar Extension is ₹ 616 Cr. This is a significant amount and shows that the real estate market in the area is thriving.
Current Rate/Sq.ft: The current rate of properties in Raj Nagar Extension is ₹ 3,252 per square foot. This rate is affordable, considering the excellent infrastructure and facilities available in the area.
Overall, Raj Nagar Extension is a promising location for real estate investments. The area's excellent connectivity, quality residential properties, and commercial developments make it a preferred choice for homebuyers and investors alike.
Top Selling Projects for Raj Nagar Extension
Top Selling Projects by Value in Raj Nagar Extension, Ghaziabad
Raj Nagar Extension in Ghaziabad has emerged as a popular destination for real estate investments. It offers a perfect blend of affordable housing and modern amenities, making it an ideal location for both end-users and investors. Here are the top selling projects by value in Raj Nagar Extension:
1. Uninav Bliss - This project has a current rate of ₹4,484 per sq. ft. and a sale/rent value of ₹74 Cr. It offers luxurious 2 and 3 BHK apartments with modern amenities like a swimming pool, gym, clubhouse, and more.
2. JKG Palm Resort - With a current rate of ₹3,131 per sq. ft. and a sale/rent value of ₹53 Cr., JKG Palm Resort offers 2, 3, and 4 BHK apartments with spacious balconies and beautiful views.
3. MCC Signature Heights - This project has a current rate of ₹3,534 per sq. ft. and a sale/rent value of ₹27 Cr. It offers 2 and 3 BHK apartments with amenities like a swimming pool, gym, and more.
4. SVP Gulmohar Garden - With a current rate of ₹2,711 per sq. ft. and a sale/rent value of ₹26 Cr., SVP Gulmohar Garden offers 2 and 3 BHK apartments with modern facilities like a clubhouse, gym, and more.
5. Dwarika Raj Garden City - This project has a current rate of ₹4,083 per sq. ft. and a sale/rent value of ₹19 Cr. It offers 2 and 3 BHK apartments with amenities like a swimming pool, gym, and more.
6. Windsor Paradise 2 - With a current rate of ₹2,615 per sq. ft. and a sale/rent value of ₹19 Cr., Windsor Paradise 2 offers 2 and 3 BHK apartments with luxurious amenities like a swimming pool, gym, and more.
7. SCC Sapphire - This project has a current rate of ₹2,989 per sq. ft. and a sale/rent value of ₹17 Cr. It offers 2 and 3 BHK apartments with amenities like a swimming pool, gym, and more.
8. Charms Castle - With a current rate of ₹2,899 per sq. ft. and a sale/rent value of ₹16 Cr., Charms Castle offers 2, 3, and 4 BHK apartments with modern amenities like a swimming pool, gym, and more.
9. LR Bluemoon Homes - This project has a current rate of ₹2,752 per sq. ft. and a sale/rent value of ₹15 Cr. It offers 2 and 3 BHK apartments with amenities like a swimming pool, gym, clubhouse, and more.
10. SVP Gulmohur Garden - With a current rate of ₹2,601 per sq. ft. and a sale/rent value of ₹14 Cr., SVP Gulmohur Garden offers 2 and 3 BHK apartments with amenities like a swimming pool, gym, and more.
These top selling projects in Raj Nagar Extension offer a perfect blend of luxury and affordability, making them a great investment opportunity for homebuyers and investors.
Price Trend For Raj Nagar Extension
The location sales trend for Raj Nagar Extension indicates a positive growth in the real estate market. The average rate per square foot has shown a steady increase from Q1'22 to Q1'23, with a recorded rate of 2929 in the first quarter and 3183 in the first quarter of 2023. This indicates a rise in demand for properties in the area, which has led to an increase in property prices.
Moreover, the number of transactions in the area has also shown an upward trend. In the first quarter of 2022, there were 515 transactions, and this number increased to 206 in the first quarter of 2023. This shows that the real estate market in Raj Nagar Extension is in a healthy state, and people are interested in investing in properties in the area.
Overall, the location sales trend for Raj Nagar Extension in terms of average rate per square foot and number of transactions, both indicate a positive growth in the real estate market. If you're looking to invest in properties in the area, it may be a good time to do so as the market is expected to continue growing in the coming years.
