Top 3 Lucrative Localities To Invest In Ghaziabad
Ghaziabad has the geographical advantage for being close to the national capital. The home buyers who find Delhi out of bounds for them prefer to own a house in this satellite city. So, the demand for residential projects in Ghaziabad is growing by leaps and bounds with each passing year.
Last year, the Central government added Ghaziabad to the list of 100 cities that are to be developed under its Smart Cities Mission. This will mean good infrastructure and better quality of living for residents of this city, with a robust transportation network, hospitals, schools, and other civic amenities. This will further improve the market sentiment, thereby encouraging investors and developers to invest in Ghaziabad.
PropGuide looks at the top three localities in Ghaziabad on the basis of liquidity (launches and sales in the past 12 months), annual price appreciation, and inventory.
A popular residential area surrounded by well-developed pockets like Abhay Khand, Raj Nagar Extension, Shipra Suncity, Vaibhav Khand, Indraprastha Yojna is seen a good investment bet. As the locality is ensconced in a well-developed cluster, the area boasts good infrastructure. The access to Metro and direct buses from Anand Vihar ISBT make commuting easier for the locals. The locality is in close proximity with Noida and Hapur.
The average real estate price in Indraprashta Yojna, according to PropTiger DataLabs: Rs 2,977 sq ft.
Raj Nagar Extension has a good connectivity with Delhi, Noida, Greater Noida, Meerut and Hapur. Many people living in this part of the city commute to other cities on a daily basis. The Ghaziabad Development Authority and the Ghaziabad Municipal Corporation have worked towards improving the basic amenities in this locality.
According to PropTiger DataLabs, the average property price in Raj Nagar Extension is Rs 3,013 per sq ft. This makes it a lucrative option from the point of view of investment, as the rate of returns here are estimated to be high.
There are prominent developers like Sare Homes, Mahagun, Aditya Builders, Aarvanss Infrastructure and Ashoka Builders who are developing projects in Lal Kuan, an affordable option in the middle segment. As the locality boasts good connectivity to Modinagar, Meerut, Noida, Delhi, Bulandshahr, Saharanpur, Haridwar and Hapur, it is emerging as a good investment option for investors. Many educational institutions, hospitals, banks and shopping malls also dot the area.
According to PropTiger Datalabs, the average price in Lal Kuan is Rs 2,881 per sq ft.
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