Ghaziabad
The residential market in Shalimar Garden Extension I is characterized by a stable pricing environment, with average rates holding at ₹4,350 per sq ft. While the broader Ghaziabad market exhibits varied performance, this locality maintains its position as a preferred choice for buyers seeking ready-to-move-in apartments. Rental activity remains active, supported by a diverse range of unit configurations that cater to a wide tenant base. The presence of several established housing projects provides a strong foundation for both long-term appreciation and consistent rental income.
As of June 2026, the average asking price in Shalimar Garden Extension I is ₹4,350 per sq ft. This rate has remained stable with a 0% change, indicating a period of price equilibrium in the local residential market.
The property price trend in Shalimar Garden Extension I has shown volatility over the past year. While the micromarket rate was ₹8,100 per sq ft in June 2026, it rose from ₹7,650 per sq ft in March 2026, following a slight dip to ₹7,750 per sq ft in December 2025 from ₹8,200 per sq ft in September 2025. This fluctuation suggests shifting demand-supply dynamics that investors should monitor closely.
Ready To Move properties in Shalimar Garden Extension I are currently priced at an average of ₹3,350 per sq ft as of June 2026. This segment has seen a depreciation of 6.21% compared to the previous period. Similarly, the overall apartment segment is priced at ₹4,350 per sq ft, which has experienced a depreciation of 12.01%.
As of June 2026, the average rental rate in Shalimar Garden Extension I is ₹13 per sq ft, which has depreciated by 18.75% compared to the prior period. The locality currently offers a rental yield of 3.59%, a key metric for investors to evaluate the income-generating potential of their property relative to the capital invested in the purchase price.
Rental rates in Shalimar Garden Extension I vary significantly based on unit size as of June 2026. A 1 BHK apartment commands an average rent of ₹7,700 per month, while 2 BHK units average ₹11,750 per month, and 3 BHK units are available at an average of ₹18,050 per month. These figures provide a clear baseline for tenants and landlords to assess market-aligned pricing for different living requirements.
As of June 2026, both apartments and shops in Shalimar Garden Extension I command an average rental rate of ₹50 per sq ft. While the rental rate for shops has remained stable with a 0% change, the apartment rental segment has seen a depreciation of 23.08% compared to the previous period, reflecting a shift in the rental market for residential units.
As of June 2026, Mahalaxmi Apartments Ghaziabad and Pamposh Appartments lead the market with listing rates of ₹4,350 per sq ft. Mahalaxmi Apartments has seen an appreciation of 9.52% and Pamposh Appartments an appreciation of 7.78% compared to the previous period. Munesh Palace follows with a rate of ₹4,100 per sq ft, reflecting an appreciation of 4.02%.
Yes, several projects in Shalimar Garden Extension I have experienced a price depreciation of 9.26% as of June 2026 compared to the previous period. These include Banke Bihari Kunj, Rajdhani Apartment Ghaziabad, Mannat Homes, Shreeji Apartments Ghaziabad, Nidhi Apartments, Agarwal Aditya Enclave, and Nidhi Royal Apartments, all of which are currently listed at ₹3,150 per sq ft.
Property rates in the surrounding areas of Ghaziabad vary widely as of June 2026. For instance, Mohan Nagar commands a higher average rate of ₹9,450 per sq ft with an appreciation of 6.06%, while Bhopura is priced at ₹3,850 per sq ft following a depreciation of 11.51%. These variations highlight the importance of location-specific research when investing in the Ghaziabad real estate market.
Investors should view the 3.59% rental yield in Shalimar Garden Extension I as of June 2026 as a benchmark for annual gross rental income relative to property value. A yield of this level helps in comparing the efficiency of capital deployment in this locality versus other areas in Ghaziabad, especially when considering the current average asking price of ₹4,350 per sq ft.
