Top 5 Reasons To Invest In Raj Nagar Extension
March 15, 2018
Located on the bounds of Delhi, Raj Nagar Extension has emerged as one of the most preferred property locations in Delhi NCR. Its smooth connectivity with Delhi and affordable pricing make Raj Nagar Extension (RNE) a lucrative property option for buyers and investors. As a speedily developing locality, Raj Nagar Extension’s good connectivity and full-bodied infrastructure riveted investors and occupiers to set up base in this market.
In the past few years, the region has witnessed a comprehensive transformation– be it in the form of infrastructure, connectivity or commercial and real estate developments. On comparing to other regions of Delhi NCR– Noida Extension, Indirapuram, Ballabhgarh, and Dwarka, Raj Nagar Extension offers value based property options, the prices here range between Rs 2,800-3,200 per sqft. Also over the last few years, Raj Nagar Extension has arisen as the commercial hub for people and investors who are looking to do start their own set up or plan to leverage options like general & daily need stores.
If you are looking to invest in this region, these following 5 factors will definitely help you in making a profitable decision.
Hindon Elevated Road: With the new 10.3 km flyover connecting NH – 24 at U.P. Gate till Raj Nagar Extension, realty market here is expected to go up. The travelling time from Delhi to Raj Nagar Extension will also get reduced by 1/4th to its existing time.
Metro connectivity: The metro is all set hit the tracks from June 2018 from the New Bus Stand, seven km from Raj Nagar Extension, to Rohini via Dilshad Garden. The new 9.41km Dilshad Garden-New Bus Stand Metro line will enhance the outlook of Raj Nagar Extension on the Delhi NCR map. It would also attract more home buyers and investors.
Regional Rapid Transit System (RRTS) in Raj Nagar Extension: RRTS is like the icing on the cake for Ghaziabad and areas around it. This proposed transit system is bound to give a much-needed spur to infrastructural development for the entire stretch connecting Raj Nagar Extension with Sarai Kale Khan & Meerut. This will also result in price hike, land price along NH-58 and in several pockets in Meerut and Ghaziabad will see a sharp increase.
Currently, it roughly takes around 3 to 3:30 hours to reach Meerut from Delhi whereas this corridor will cut the journey time to just 45 minutes.
International Cricket Stadium at Raj Nagar Extension: A new world-class international cricket stadium, with a seating capacity for nearly 45, 000, is proposed at Morti village at Raj Nagar Extension over an area of nearly 35 acres. The stadium is likely to be ready in 2019.
Property Price Comparison with Indirapuram & Vaishali: The average property prices in Vaishali is about INR 5800 per sqft which is approx. 90% higher than Raj Nagar Extension while in Indirapuram the average prices are INR 5100 per sqft, 70% higher than that of in Raj Nagar Extension. These numbers reveal that Raj Nagar Extension is way affordable, well planned & hosts greenery than Indirapuram & Vaishali.
Today, it takes around 41 mins to travel from New Delhi Railway station to Vaishali (16 kms) and about 44-45 mins to reach Indirapuram (19 kms). While with the new flyover from UP gate till Raj Nagar Extension and the new metro line people will be able to cover the 25 km distance from New Delhi railway station to Raj Nagar Extension in approx. 47 mins.
These factors would certainly bring retail and commercial development into the area, enhancing the quality of life. Ghaziabad being accountable to increasingly well-informed consumers and investors has shifted the commercial and real estate game in its favor. Good connectivity along with a plethora of other factors will definitely augment commercialization in the city.