Vasundhara Realty To Ride On Upcoming Developments
There are many reasons that make Ghaziabad's Vasundhara a favourite real estate spot. To begin with, the area lies close to several residential and commercial hubs, including the Sahibabad Industrial Area, Noida Sector 62, Indirapuram, Vaishali and Mohan Nagar. On the other hand, buyers of real estate here do not have to worry at all about infrastructure at all; Vasundhara offers a well-developed civic and social infrastructure. This is why Vasundhara is being preferred by those buyers who are either looking for a social upgrade or eyeing to earn a good rental income. For example, those living on rent at neighbouring Indirapuram come here if they want to shift to a bigger and better house. Vasundhara is also well connected with other parts of the national capital region through a Metro network.
Here are some other reasons that make Vasundhara a desirable destination for buying homes:
Better connect
The connectivity of the area with Raj Nagar Extension and Delhi-Ghaziabad border will rise further when work on building an elevated road over the Hindon is completed. Work on the project is likely to be finished by August this year. This will also smoothen the travelling to Noida and New Delhi as this particular junction used to be the traffic bottleneck during peak office hours. Apart from this, connectivity from Mohan Nagar, Meerut and other suburban areas of Ghaziabad will also be improved as the flyover work will be completed soon.
Improving infra
If things go according to plans, a part of Vasundhara could be developed as a smart city. Local authorities have sent a proposal to the Centre in this regard. The third list of smart cities is expected to be announced soon wherein Ghaziabad is presenting a strong case of reviving the trans-Hindon area for the pilot project.
Options unlimited
Vasundhara was initially developed as a township by the Uttar Pradesh Housing and Development Authority. Later, the development was opened to private developers who created a number of multi-storey apartments and high-rises that have changed the skyline of the area. From affordable to premium projects, you find everything in Vasundhara's real estate hub.
Stable market set for growth
According to PropTiger.com data, there are over 30 projects in the area, of which 12 are under-construction while the remaining are ready-to-move-in projects. Migsun, H2O, SG Homes, Balaji Group, etc., are some of the active developers in the area, building their projects mostly at Sector 4, Vasundhara. Sectors 2B, 9, 11 and 16 are other developing nodes of the area that have new properties to offer.
Property prices, on the other hand, have remained stable. Currently, average price for a 2BHK unit is Rs 60 lakh onwards, while it is Rs 80 lakh for a 3BHK unit. Most of the flats here are available in resale.
With the stage set for further development, including the expansion of the Metro network, demand for Vasundhara real estate might rise in future, impacting property prices. We could see an upwards movement in prices in the times to come.
With inputs from Harini Balasubramanian