Touted as one of the major cities of Uttar Pradesh, Ghaziabad has grown many folds in recent times. With the inauguration of Civil airport as well as metro extension, along with other infrastructural developments on the cards, the realty market of major localities in the city has propelled up to a major extent. Property prices in localities like Indirapuram, Rajnagar Extension etc. have fuelled up due to these developments. Take a look at various Infrastructural Developments that have boosted the realty market of various areas in Ghaziabad:
With the development of Hindon Elevated road on one side and inauguration of the metro route on the other side, Rajnagar extension has emerged as a popular residential hotspot among homebuyers. The area has seen many ups and down in the past, but now these developments have brought another ray of hope amongst developers who are constructing their housing projects here. Rajnagar extension is also a favourable destination among affordable segment homebuyers. Also, there are many proposed development like the international stadium is underway which in future will definitely impact the property prices in the region. According to experts, there is a steep jump in the number of homebuyers looking for homes in Rajnagar Extension as compared to those in the past. At present, a 1 BHK is available at a price of Rs 20 lakh; on the other hand, 2 BHK flat can be easily availed for RS 35-38 lakh.
With the commencement of phase-1 of the Delhi-Meerut Expressway, property prices in Indirapuram have propelled. Areas in and around Indirapuram like Nyay Khand, Abhay Khand, Shakti Khand, Gyan Khand has attracted many home buyers who are looking to invest in builder floors or hi-rise housing projects. Indirapuram has seen an increase of 10-15% of property prices from what it was there in the past. The average property price in Indirapuram hovers between Rs 3,947 to Rs 6,038 per sqft depending upon the apartment size and configuration.
Another area of Ghaziabad which has seen a boost in the property market is Siddharth Vihar. Located just after Indirapuram, the locality is home to approximately lakhs residential population. Proximity to the newly inaugurated metro station will further be going to propel the real estate market attracting more home buyers to invest here. Hindon civil airport is also in vicinity to the region which is another reason why developers are coming up with many projects in the locality. While a 1 BHK apartment is available at a price of Rs 21 Lakh, a 2 or 3 BHK apartments can be easily availed between 28-25 lakh.