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Ghaziabad Best Residential Real Estate Investment Options In Ncr
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"The Ghaziabad chapter of the developers' body CREDAI has released a report recently stating that with all the state and centrally sponsored infrastructure projects in the pipeline for Ghaziabad, it is sure to drive the real estate market positively and the region is due to witness almost 20 - 25% capital appreciation in the next couple of years."- TheHindu
Ghaziabad is a city that lies in the Indian state of Uttar Pradesh. It equally shares its presence with the national capital region of the country. Since it lies on the main route into UP and is proximal with the capital Delhi, it is also known as the Gateway of Uttar Pradesh. Ghaziabad is a large planned residential and industrial city that has a significant impact on the economy of the national capital region. With a population of nearly 2.8 million, the city of Ghaziabad stands as the educational, industrial and housing hub of Uttar Pradesh and NCR.
The advent of industrialization in Ghaziabad began in 1940 after which it became a hotspot for the setup of popular industries and bringing in employment to the city. Talking about the geography of the place, Ghaziabad lies on the Grand Trunk road about a mile east of the Hindon river. The district of Ghaziabad is situated in the middle of Ganga- Yamuna Doab. Owing to its geography and advantage of location, it is the second largest Industrial location in UP and NCR. The literacy rate of the region is a stupendous 93.81%. The considerable benefit of the location provides an opportunity for people to settle in the city with peace and happiness.
The city of Ghaziabad is well connected by all modes of transport such as roads and railways. The City Mayors Foundation survey also illustrates Ghaziabad as the second fastest-growing city in the world. The city is, therefore, a home to large industries such as Bharat Electronics Limited, Central Electronics Limited, Tata Oil Mills etc. One of the best transportation facilities available in the city includes the city's connectivity to Delhi through the Delhi Metro. The Metro has also facilitated quite convenient connectivity to other regions of the national capital region such as Gurugram and Noida and extends to regions like Kaushambi, Vaishali and Dilshad Garden in Ghaziabad. The railway also provides a huge advantage of easier commutation between areas of Uttar Pradesh and other neighboring states. The proposed Metro line in the future also facilitates much easier travel and reduction in travel time to interior locations of Ghaziabad.
The widening of National Highway 24 from four to sixteen lanes on the stretch between the Ghaziabad-Delhi border and Dasna, has paved a huge way for real estate builders who are coming up both commercial and residential housing schemes in the city. A large number of reputed builders are coming up with housing schemes near the highway to facilitate overall good commutation and lifestyle in the city. Places nearby Metro locations of Kaushambi and Dilshad garden are flourishing a receiving a huge demand by the house seeks in the region. Also, the lack of affordable housing schemes in the city's capital is pushing people to move to prime locations of Ghaziabad that have plenty to offer both in terms of amenities and pocket-friendly prices. With upcoming residential corridors such as Raj Nagar Extension and development along the NH-24 beyond Indirapuram, Ghaziabad is living up to its promise of an affordable housing hub. Augmenting the city's growth are infrastructural developments such as the extension of the Metro and highway widening.To boost the affordable housing segment, the Ghaziabad Development Authority (GDA) has also announced its plan to develop nearly 12,000 flats under the affordable housing scheme.
Overall, Properties in Ghaziabad offers a lot to the real estate seeker of the region. It has climatic conditions similar to that of Delhi and most dominantly three seasons are found- summer, winter and rainy. The properties in the region are present for a wide variety configurations and with a peaceful neighborhood. The properties are not just spacious but have luxury amenities equipped for the buyer.
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Digital Marketing Manager at clicbrics, Real Estate enthusiast, Property Advisor and blogger
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