Affordable Housing in Delhi/NCR look-east.
September 25, 2018
Speedy suburbanization and remarkable employment opportunities have made Delhi/NCR one of the fastest-growing regions in the country. With more than 28 million urban residents, which is about 7.5% of the country’s urban population, it has become the largest accumulation in India. Fast-tracked urbanization and rampant migration of working population from various parts of the country have built a huge demand for the affordable house in Delhi/NCR.
Ghaziabad is one of the leading locations in Delhi/NCR that largely caters to the mid-segment and affordable housing segments. It is home to a lot of established housing clusters such as Indirapuram, Vaishali, Kaushambi, Crossings Republic Township, Raj Nagar Extension, Modi City and many more such residential corridors along the NH-24.
In the Delhi/ NCR region, the locations like Gurgaon, Faridabad & Noida have also witnessed an exemplary growth in the prices of residential & commercial properties. But, Ghaziabad still consists of various micro markets like Raj Nagar Extension & Modinagar which offers a value-based residential proposition to the customers. These micro markets are situated on the eastern side of New Delhi, the commercial hub of NCR.
The affordable housing bands are in the average price range of Rs 2,000 – 3,000 per sq ft. Modinagar offers a lush green congestion-free environment to its buyers & any group housing project with lifestyle-based amenities in Modinagar may be reached in a budget range of Rs. 2000 per sq.ft. to Rs. 2200 per sq.ft. Upon the inauguration of Delhi-Meerut Super expressway, it can be reached in hardly 30 mins from New Delhi.
The micro market like Raj Nagar extension has also gradually started getting attention among buyers since upon the inauguration of Raj Nagar elevated flyover. The projects which are up for delivery in March 2019, are offering their products in a price range from Rs. 2500 till Rs. 3000 per sq.ft.
The soon to be operational Metro station will add flavour to Raj Nagar extension including Modinagar as various modes of private transport carry passengers from Ghaziabad to Modinagar.
The renowned name in the Delhi/NCR real estate industry, Techman Group, offers affordable projects in Modinagar & Raj Nagar extension both, along with everything, from amenities to facilities. All these factors make these projects an ideal project to invest, in terms of value-based offerings.