4 Reasons why Indirapuram is an ideal investment destination

Indirapuram is a dream destination for many especially those who wish to own a dream home in National Capital Region (NCR), preferably for living purpose.

Indirapuram was developed by the Ghaziabad Development Authority (GDA) only about two decades ago. At present, this residential area houses many prestigious projects by reputed builders for buyers belonging to various income brackets. Owing to its connectivity, steady development, excellent infrastructure, greener surroundings and proposed Metro network, Indirapuram is witnessing increasing demand for real estate properties.

Location and connectivity:

The area is strategically positioned among three prime business centres like Delhi, Noida and Ghaziabad.

Indirapuram is comfortably located 20 km from Delhi on the eastern part. It is very close to Noida and is just 14 km from the place. It is easily accessible due to its location on NH 24. Indirapuram offers all modern facilities and amenities thus providing excellent living standards. Indirapuram is located close to Hapur Road offering excellent connectivity. The proposed Eastern peripheral expressway (EPE) will further boost the connectivity to this area.

Growing demand for rentals

Being close to prime business destination, spaces for rents are in high demand in the area. Indirapuram contributes to around 40 percent of rental demand for multi-storey apartments across Ghaziabad. The rentals are also fairly good and many buy property for this purpose. Seeing a huge opportunity in this, many builders are coming up with many multi storied projects.

Rising property prices

The property price in Indirapuram has shown a steep and steady rise in the past few years. However, comparing to the prices in Noida and Gurgaon, the prices are still reasonable. It is thus an economic choice for many. At present, the average rate per square foot for properties in Indirapuram is nearly Rs 5,450, while a year ago, the per sq ft price was around Rs 4,500.

Infrastructure

The infrastructure development in the past few years has made Indirapuram a most sought-after place in Ghaziabad for buyers as well as developers. It has a strong physical and social infrastructure in place. There are many reputed schools, colleges, hospitals, shopping centres, theme parks, etc. and many more are coming up.

Realty growth

Indirapuram offers a wide array of properties from plots to townships with multi storied projects. There is a huge number of housing options available in this place and with the trend of modern lifestyle touching the place, buyers are now seeking luxury apartments, studio apartments, independent floors, villas, etc. Many luxurious projects have come up that resonate the western contemporary style and these are in much demand. Many reputed builders such as Supertech, Assotech, SVP Builders, Gaurson group, Amrapali, Antriksh, Gulshan Homz, and others have developed projects in Indirapuram. There are many residential projects in Indirapuram including Shipra Sun City, Supertech Icon, GC Grand, Antriksh Greens, Gulmohur Residency, Gaur Green Vista, Orange County, etc. There are around 100 completed projects and many more are under construction and in launch stage.

Gsv Naresh is a real estate blogger who blogs about India's realty market and also gives advice on buying residential projects and flats in India.For More Information about Real estate Visit CommonFloor.