Ghaziabad – An Emerging Realty Destination

The Delhi National Capital Region otherwise known as Delhi NCR is one of the most expensive and stagnant markets in the country. Property prices in areas such as Delhi, Noida and Gurgaon are well out of the reach of the common man. Cities such as Noida and Gurgaon were developed so that the masses who are seeking housing options in Delhi could have an alternative. But now these places have become saturated and over-priced themselves.

One of the primary reasons why most of Delhi NCR has gone bust is the heavy presence of investors in the markets here. Speculators have wreaked havoc on the realty industry here. They have been solely responsible for the heavy handed with which the pricing in the areas that make up this market have been dealt with. Investor speculation in one of the worst things that can happen to a real estate market. The prices might rise sky high initially but they will also come crashing down once the interest starts wearing off.

Thankfully not all pockets in this region are extremely over-priced and saturated. There is hope yet for the common man to own a piece of property in Delhi NCR. One of the upcoming real estate hotspots here is Ghaziabad. Ghaziabad housing projects are quite affordable when compared to those in the established markets that are present here. This city has covered every budget segment and offers residential options are price points which are much lower when compared to residential options of the same size located in cities like Delhi, Noida and Gurgaon.

The civic and social infrastructure here might not be on par with that present in the established areas. But it is getting better by the day. One of the key factors that has ensured that this city remains a top choice among those who are looking for properties in the Delhi NCR is the connectivity it offers. It is known as the “Gateway of Uttar Pradesh”. This is not without reason. There are a total of 2 national highways running through this city. They are National Highway 24 and 58. Ghaziabad real estate projects which are located along these two major connectors are in great demand. Many national and local developers offer Ghaziabad housing projects that offer options that suit every budget range. These two national highways offer great connectivity to the many important cities in Uttar Pradesh.

Ghaziabad real estate projects which are located in areas such as Indirapuram and Vaishali are heavily in demand. These are some of the established micro markets present in the city. Raj Nagar Extension and Crossings Republik are some of the upcoming real estate destinations. One can easily get properties for under INR 5000 per square feet in this city. This is one of the lowest price points present in the Delhi NCR. The future realty prospects also look quite good for this area. Investing in this city will yield good results in the near future as it is one of the rising real estate stars.