Some of the upcoming residential corridors here include Raj Nagar Extension, NH-24 beyond Indirapuram, Crossings Republik and Vaishali
There are many factors that keep the Ghaziabad property market attractive — affordability and connectivity are just two of these.
“Ghaziabad is greener, less congested, has better connectivity and property is affordable compared to Noida. And this is why the area is doing better,” says RK Sharma of RK Sharma Properties.
Some of the upcoming residential corridors here include Raj Nagar Extension, developments along NH-24 Ghaziabad beyond Indirapuram, areas around Crossings Republik township and Vaishali.
Ghaziabad is well connected to Delhi-NCR through two national highways — NH-58 and NH-24. The widening of the NH-24 to six lanes and extension of the Metro route to Indirapuram and Mohan Nagar in Ghaziabad are expected to improve travel within and around these areas.
Upcoming development like the elevated road from UP Gate to Raj Nagar Extension, the metro project and improvement of crossing and widening of roads like the Meerut Road are currently underway.
The metro which is a lifeline for commuters from this area is expected to be expanded further in the future. As per the first phase of the metro line, it is planned to extend from Anand Vihar to Vaishali. In the second phase, the line is expected to come from Dilshad Garden to Ghaziabad new bus stand through Mohan Nagar.
“Given the lower population density of Ghaziabad, commuting by public transport is easier,” says Praveen Rastogi, director, Mahika Infratech. “And this is not just for the NHs but also for several roads within Ghaziabad. In fact, these main roads are of about 120 feet width, which is pretty broad for a small place like this.”
Ghaziabad is a developed locality in terms of social infrastructure. Presence of schools, malls, hospitals and banks make it favourable for buyers.
Some of the existing malls here include the World Square Mall, Shipra Mall and Mahalaxmi Metro Mall. Schools that can be found here include DPS, Amity International and Kendriya Vindayalaya, while hospitals include Max Hospital and Shanti Mukund Hospital.
Given that it is still a developing locality, one can find a wide range of offerings catering to a varied cross section of economic backgrounds.
“Mixed budget offerings are the key differentiator in Ghaziabad. You can get a 2 BHK priced at around Rs 15 lakh with a unit size of about 850 square feet to super luxury offerings at around Rs 2.3 crore,” says Rastogi.
In addition to apartment complexes, builder floors and even plotted communities are being developed here.