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Investment Reasons in Ghaziabad

Author: Rahul Kumar
by Rahul Kumar
Posted: Oct 14, 2016

Ghaziabad was also known as the "Gateway to Uttar Pradesh" is a property center point that has come into the spotlight is recent times due to the ever rising property prices in Delhi and NCR regions. Located barely 20 kilometers from the capital, Ghaziabad has over the past few years attracted real estate investors who are looking at quality housing but are unable to afford property in the NCR.

For those potential property buyers who are considering investing in properties in Ghaziabad but fail to stabilize their decision, we bring you four reasons to invest in this upcoming region

Connectivity

Ghaziabad is situated in a prime location where highways surround it and have various communication points with Delhi, Noida, Meerut and Faridabad. The planned Link Road and Faridabad-Noida-Ghaziabad will create more connection points for the city. Additionally, the metro with the three proposed Metro links – from Dilshad Garden-New Bus Stand (Ghaziabad), and from Noida City Centre-Indirapuram will further boost the connectivity of this neighborhood.

Government investment for development of Infrastructure

For infrastructure development around the city, the state government of Uttar Pradesh announced a package of nearly INR 750 crore. It included projects such as water treatment plant, rainwater harvesting facilities, hospitals, schools, and colleges. Intra-city connectivity through Metro and Monorail, fast metro services, and a network of roads, all of which will supremacy to the development of the city and attract more home buyers looking to invest in the property in Ghaziabad.

A green city

Many potential homeowners often withdraw of investing in properties in Ghaziabad due to the high pollution. However, to tackle this serious issue, the Uttar Pradesh Pollution Control Board is planning to introduce a continuous environment monitoring system that will display real-time study of air pollution levels. The total cost of this project is attached at around INR 1.1 crore and will be shared mutually by the state and central boards. Additionally, the GDA has declared 500 acres along Hindon as a green belt, banning all construction and thus ensuring vast green areas in Ghaziabad.

Quality housing at affordable rates

One of the perfect things about investing in the properties in Ghaziabad is that integrate the benefits of both affordable homes and comfortable living with the world class facilities. According to a recent report, the affordable residential units in Ghaziabad are in the average price range of INR 3,200-4,500 per sq ft. The upper end of the range is commanded by projects which are completed or close to completion in the Crossings Republic, while the newer projects in NH-24 are in, the lower price band of INR 3,200-3,600 per sq ft. The Raj Nagar Extension corridor on NH-58 is also priced at the INR 3,600-4,000 per sq ft range. Compared to other parts of NCR region, these rates are highly affordable.

Today, Ghaziabad has become one of the fastest-growing destinations in the country. The rising rentals and the urban mass of Delhi are now pushing people to invest in properties in Ghaziabad, a neighborhood that is slowly crashing in upon the opportunity due to its improved connectivity, infrastructure, and affordable rentals.

About the Author

Rahul Kumar has an excellent Knowledge about investment in Indian Real Estate industry. He passionate about writing about Real Estate market and investment for more details you can check out his latest articles on http://www.buyproperty.com/articles.

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Author: Rahul Kumar

Rahul Kumar

Member since: Sep 08, 2016
Published articles: 50

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