The real estate and construction industry is an integral part of Indian economy and plays an important role in the development of the country’s infrastructure and fulfill property requirement. The housing, retail, hospitality and commercial are the major component of real estate. The Indian real estate sector has attracted significant investment over the past few years with the infusion of capital through FDI in the real estate expedite project completion & rise in demand.

Ghaziabad Locations & Infrastructure

The growing stability of the market is reflected by the continuous increase in Real estate investment. Ghaziabad is the gateway of Uttar Pradesh situated on close proximity and direct connectivity to New Delhi and Noida, a well-known industrial and commercial hub of NCR. Ghaziabad is one of the fastest growing city in India, currently experiencing a transformation and changing into a metro city.

Ghaziabad has many hot locations for residential & commercial property to choose from Raj Nagar Extension, Indirapuram, Vasundhara & The Hi-Tech City on NH-24, Krishna Vihar, Vaishali Shipra Suncity, Crossing Republik, Vaibhav Khand, Ahinsa Khand 1, Ahinsa Khand 2 Pratap vihar, Siddharth Vihar, Govind puram and Chander Nagar have many under construction & ready to move in projects. The extension of metro to Sector-62, school, parks, clubs, hotels, Airport and proximity to NH-24 with presence of several budget & luxury residential and commercial projects makes a hot property destination.

The city offers High Rise Apartments, Independent Floors, Villas, Affordable Housing, Shops & Office spaces. The affordable housing projects has also been launched under Pradhan Mantri Awas Yojana boost property for sale in Ghaziabad.

Recent construction work, technology and skill set by builders in India had  great impact on development of the city. The city is well connected by roads and railways which is also the primary commercial, industrial and educational center of western Uttar Pradesh. Ghaziabad’s housing market has become a hub for end-users with its varied offerings and competitive pricing with improved infrastructure and connectivity,

The Central Government has also added Ghaziabad in the list of top 100 cities to be developed under the smart cities mission. Major Developments Take Place In Ghaziabad In 2019 are :

• Domestic airport at Hindon Base.
• Metro from Dilshad Garden to Shaheed Sthal.
• Extension of Hindon Elevated Road directly to the DND flyover.
• Recently completed Eastern Peripheral Expressway providing excellent connectivity with several cities.
• Delhi-Ghaziabad-Meerut Regional Rapid Transit System.

New Faridabad-Noida- Ghaziabad (FNG) corridor is another landmark will be further improve the connectivity.  

Raj Nagar Extension, a developed area situated on the new Meerut bypass (NH-580) emerged as one of the best option for Home Buyers in Delhi/NCR region. The projects provides a variety of affordable homes ranging from studio apartments to 3 BHK flats  with connectivity through metro from railway station to ISBT. The priority on various infrastructure development in trans hindon area likely to attract lot of potential real estate projects.

The extension of the Metro route to Ghaziabad and widening of NH-24 to six lanes is likely to aid in furthering residential developments. The 11-km elevated road that connects Raj Nagar extension with NH-24 and the Meerut Expressway will further attract investment from areas like Meerut, Moradabad, Hapur and Bulandshahar are likely to increase.

Indirapuram being a self-sufficient area with a number of residential societies, schools, hospitals shopping malls, markets, parks, community centers has perceived the property price rising. The Ghaziabad locality including Raj Nagar Extension has grown in size and stature as a prime residential area and has become one of most preferred localities due to its proximity to both Delhi and Noida.

Property Investment

The fast development of commercial buildings, businesses and individuals will find the lucrative opportunities in buying and selling commercial properties established Ghaziabad into one of the most favoured investment destination.

The clear understanding of real estate market and its trends is highly important for a property buyer before making any investment decision. There are many factors that we need to take into consideration before buy a home like Locality, connectivity, amenities, price  and safety whereas the  rates of residential properties fluctuating  as per  market needs and number of marketable projects. Hence, in order to make the fruitful decision, it is essential to remain updated about the daily real estate market movement in this region and the recent project launches by builders in India.

Conclusion

The real estate sector continues to face challenges due to lowering down of project finance and high levels of unsold inventory however recovery in sales can already be seen in some of the hot locations. The reforms and measures introduced by government in the past few years have started showing positive results. The most of developers are focused on completion of unsold inventory. The demand for ready-to-move inventory is more than under-construction units caters primarily  to  the  mid  and  affordable  housing  segments. The strategic infrastructure development with improved connectivity to Delhi and ready to move in high rise apartments having essential amenities and proximity to social infrastructure, will continue to act as drivers for demand and rising trend in the real estate market.