Check out the top reasons to invest in Modinagar
March 17, 2018
But why to invest in Modinagar is the first thing that strikes!
Well, Delhi NCR has already seen a paradigm shift in the consumer behaviour. Now, the homebuyers are consciously investing in the market. But as per the analysts, the demand for properties still exists! However, with the ease in government policies, RERA, infrastructural status and GST affordable housing is undoubtedly the next big market for the developers. Nuclear markets like Modinagar, Bhiwadi, Neemrana, and Kundli have certainly grabbed the attention of the potential homebuyers with their impressive rates and state of art projects.
Modinagar is witnessing the growth in property pricing exceptionally upon the current development plans laid by GDA & UP investors summit, held recently. Currently, Modinagar stands out amongst the top locations in Delhi NCR for investment. Here are the reasons what make Modinagar a perfect destination for homebuyers:
Hindon Elevated Road: After a long wait this road will benefit Modinagar due to the reduced travel time from Delhi which will be about to 40-45 mins from U.P. Gate.
Regional Rapid Transit System (RRTS) Delhi-Meerut: The Delhi Meerut RRTS which has two proposed stations in Modi Nagar will significantly reduce the travel time from Delhi and Ghaziabad to Modi Nagar. The achieved speed of RRTS is estimated to be 90 k.ms. per hour. Keeping this speed in mind, the travel time from Sarai Kale Khan (South Delhi) and Sahibabad (Ghaziabad) will reduce only to 33 mins and 22 mins respectively.
Property Price Comparison With Delhi & Added Benefits: Modinagar is attracting queries from the people who are living in congested areas of Delhi like Laxmi Nagar, Pandav Nagar, etc which even lack the basic amenities like proper water & electricity supplies. Additionally, the space crunch, parking facility & open greens are also the issues which have started disappointing the potential homebuyers.
A decent 2 BHK (800 sq.ft.) in Laxmi Nagar may cost somewhere between 40 lacs to 50 lacs, which means the per sq.ft. price in the area is approx. INR 5000 per sq.ft. Whereas, the rent of such flats is approx. INR 15,000 per month. In such circumstance, Modinagar gives the direct benefit to people where the current prices are approx. INR 2000 per sq.ft. & has the availability of schools, hospitals & colleges nearby.
The added benefits of investing in Modinagar high rise projects include quality lifestyle, open green spaces, secured environment, swimming pool, gymnasium, etc.
Delhi – Meerut Super Expressway: Firstly, the travel time from Delhi to Meerut was announced to be 45 mins. So Modinagar could be easily reached in 25 minutes from Delhi. Secondly after the opening of expressway the long traffic jam for Meerut onwards viz. Dehradun , Haridwar, Kedarnath etc. will all go through super expressway and the traffic on the present road i.e. NH-58 leading to Modinagar will be reduced drastically and hence the travel time to Modinagar via this road also will reduce considerably.
Northern Peripheral Expressway: Northern Peripheral Expressway which connects Kundli, Haryana with Palwal, Haryana provides a strategic corridor for the budding & established businesses. It transacts Ghaziabad at Muradnagar, which is approx. 10 KMs from Modinagar.
Ideal Location for the First-Timers: Modinagar is an ideal location because of its ultra affordability and would be infrastructural projects for investors and more importantly for end-users who still not have been able to book their first flat because of budget constraints.
The U.P. Govt. in consultation with NCR Planning Board has finalized the master plan of Modinagar with a vision to centralize the increasing population burden on Delhi and to promote a planned an organized development in the surrounding areas of Delhi. If you are a property buyer searching for a new location, here’s an ideal one!