Ghaziabad is the gateway of Uttar Pradesh situated on closely and has direct connectivity to New Delhi and Noida, which are well-known industrial and commercial hubs of NCR. It is counted as a fast-growing real estate market with affordable housing options making the place a preferred real estate market destination.
Initially, good infrastructure and connectivity issues were the main drawbacks behind the growth of the real estate market of Ghaziabad. Today, with improvements in infrastructure, ease of connectivity to Noida and Delhi NCR and city-level development on a fast track has largely contributed to the changed image of the city among the home buyers.
The huge infrastructural development across Ghaziabad has opened up prospects for real estate development in areas like Vaishali, Indirapuram, Kaushambi, Vasundhara, Mohan Nagar, Raj Nagar Extension and NH-24 including the Crossings Republic Township. The city has also witnessed a vast growth in the number of apartments, flats being constructed by the GDA as well as private builders.
The current govt. has consistently worked towards the development of the region. Few initiatives like Delhi-Meerut Super Expressway, Eastern Peripheral Road, Rapid Rail Transit System (RRTS), Extension of current metro lines to far-end points, re-initiation of Dwarka Expressway, connecting roads to NH-8 and NH-24 are few examples. Not only that the govt. has further extended the vision and tried to redefine the NCR territories.
Ghaziabad primarily caters to the affordable mid-segment housing segments. In fact, it is the most feasible option for people working in Noida and Delhi. The availability of cheaper options compared to Noida and Gurgaon’s real estate market is the reason which goes in favour of Ghaziabad. Developers like Techman, have launched various affordable housing projects in this area.
The central government of India also has included Ghaziabad in the list of top 100 cities to be developed under the program of Smart Cities. So, real estate buyers and investors have better options for investment with top infrastructure, robust transportation network, and superb quality of lifestyle.
The fast development of commercial buildings, businesses and individuals will find lucrative opportunities in buying and selling commercial properties established Ghaziabad into one of the most favoured investment destinations.
Before making any investment decision, it is highly important for a property buyer to have a clear understanding of the real estate market and its trends. There are many factors that need to be kept on the check before buying a home like the connectivity, locality, amenities, price, and also safety. However, in order to make a fruitful decision, it is necessary to remain updated about the daily real estate market movement of the region and the recent project launches by the builders.