Over the past decade there is a new realty trend that is slowly transforming city skylines across the country – with sky rocketing property values and dearth in availability of affordable homes, prospective home buyers and investors are slowly moving from the heart of the city to suburbs and city outskirts.
Ghaziabad is one such newly developed real estate destination in the National Capital Region (NCR). Owing to its proximity to Delhi, strategic infrastructure and excellent metro connectivity, the city has been witnessing rapid growth. All residential localities in Ghaziabad are well connected to Delhi, Gurgaon, and Noida through the Metro rail network.
Additionally in keeping with this demand developers too are offering a range of homes here – from affordable apartments for sale in Ghaziabad to luxury complexes and integrated townships.
Raj Nagar Extension
A few years ago, developers and builders, directly purchased land from farmers in Raj Nagar and hence began the realty transformation of this quiet suburb. The initiative and efforts of the builder community, together with the development authorities like the GDA (Ghaziabad Development Authority) and the MCG (Municipal Corporation of Ghaziabad) have helped transform Raj Nagar Extension into a realty hub. Although the locality has mostly affordable homes, today the focus is slowly shifting towards luxury homes with more than 25 projects worth INR 2,000 crore by different developers present here. This is driving the demand for rental in the locality.
At Raj Nagar Extension, while the basic infrastructure is in place, the development authorities are chalking up new projects that would enhance connectivity and transportation to and from the area. Along with the Metro, the proposed Rapid Rail Transit System, the restructuring of NH-58 will greatly boost demand in the area.
For those who enjoy living close to the city (an hour’s drive from Noida) and also want to enjoy greenery, a property in Raj Nagar Extension is the ideal choice as the GDA has declared 500 acres along Hindon as a green belt, banning all construction.
Crossings Republik
While rentals in a lot of popular localities in Ghaziabad are in the double digits Crossings Republik, offers rental homes in a modest budget and hence is a popular choice for those looking for affordable rental homes in Ghaziabad.
A joint venture by seven real estate groups, Ajnara Farms & Services, Assotech, Gaursons India, Mahagun Developers, Panchsheel Promotors, Paramount Residency and Supertech Limited, Crossings Republik is an integrated city project, situated on National Highway NH-24. The project is well planned and offers all modern day facilities with hospital, schools, malls, metro, hotel, banks, post office, police station, fire station etc. in the vicinity. It even has a golf course and a lake as a part of the project.
Being situated in NH-24, Crossings Republik is easily accessible to key commercial areas. Additionally while all of Ghaziabad faces traffic congestion, Crossing Republik has wider access to the expressways and highways and has comparatively less traffic.
Easy accessibility through the NH-24 and affordable rentals are the key attractions that are driving the demand for rental property in Crossings Republik.
Indirapuram
Indirapuram is a relatively new neighbourhood that is one of the most well planned and preferred rental localities in Ghaziabad. The demand here comes mostly from working professionals in the IT hub of Noida who prefer staying here due to the easy connectivity to Noida and Delhi.
Schools such as Indirapuram Public School, JKG International School, Delhi Public School, and Cambridge School along with good quality hospitals such as Fortis, Avantika Hospital, Scope Gopal Hospital, JS&S Multispeciality Medical and Diagnostic Centre have raised the demand for homes for families in the locality. With infrastructure provisions in close proximity, this is one of the most resident friendly areas in NCR.
Keeping up with this demand for flats in Indirapuram, many leading developers such as Amrapali Group, Jaipuria Group, Niho Constructions, and Arihant Builders have projects here.
Kaushambhi
Kaushambhi is well connected to Delhi, Gurgaon, and Noida through the Metro rail network and hence has been attracting home buyers and investors. Professionals working around these areas are often unable to afford a homes in nearby neighbourhoods and hence Kaushambhi is witnessing great residential and rental demand.
Kaushambhi also has a number of malls such as Shipra mall, East Delhi mall, MMX mall and cinema screens. Hence is called the most urbanised locality in Ghaziabad. Apart from this, there are renowned schools and healthcare facilities across Kaushambhi.
Vaishali
As Delhi continues to get crowded, new suburban districts like Vaishali have emerged that offer consumers comparatively affordable homes with the latest lifestyle amenities and global standards in home design. The property market here has been luring investors with great options and the promise of handsome returns in the future. The localities in Vaishali that are closer to the metro line have not only registered a steep rise in capital values, but even rental values are fast rising due to proximity to Noida-Greater Noida and Metro connectivity.
Today, prime developers such as Ansal Group, Amrapali Group, Antriksh, Supertech Ltd, Ashiana Housing Ltd, among many others have developed several projects in this area.
Quality housing, presence of top-end schools, hospitals, malls along with the metro network are driving rental demand in Vaishali.
Lakshmi Datta Arun for IndiaProperty.com