Why Ghaziabad remains investor's favourite?

Ghaziabad real estate is scoring high with launch of various property projects by leading realty developers. Considered as one of the highest revenue-generating cities of Uttar Pradesh, it houses all kinds of industries - small, medium and large scale and is emerging as one of the most preferred realty destinations.

The improved connectivity with the introduction of the Metrolink, clubbed with other connectivity modes, has made it a favourite spot especially among families to set up their dream home. There is a good appreciation not only for residential spaces but, commercial spaces are also high in demand. Vaishali, Indirapuram, Kaushambi, Vasundhara in Ghaziabad have benefited enormously from the improved connectivity.

An added encouragement from the government can make a city go miles and Ghaziabad is an ideal example of this. The skyline of the city has changed and many skyscrapers tower the area what was once an inactive suburb.

A profitable asset:

For Indians, the most favourite mode of investment is real estate. Being the most profitable fixed asset, investment in property assures good returns. The Indian real Estate is a huge hit especially among NRIs and foreign investors. Real estate researchers say that those who invest in Ghaziabad reap sweet fruits as the area promises high profits in terms of appreciation of values, in a time frame of 3-5 years.

Positives of Ghaziabad:

Ghaziabad has always been an industrial centre that employs a large workforce at various levels fuelling the real estate demand in the locality. A vast majority if these workforces are those who have migrated from nearby areas to find work and a living.

Another important factor attracting workers are the establishment of several IT and BPO companies. With the entry of multinational giants like ITC and Coca Cola, the potential of Ghaziabad, as a commercial hub, has increased manifold.

The spending capacity of the professionals has increased and they demand luxurious housing facilities boosting developments for residential purposes. This in turn has fuelled the development of retail segment with need for some entertainment units for the residents. And, with the setting up of shopping malls, multiplexes and other sources of recreation, there has been a boom in the overall development of Ghaziabad real estate

The best thing about the city is that all the facilities like malls, hospitals or schools are in a radius of a few kilometres. Riddled with many housing complexes, Ghaziabad has managed to respond well to the influx of people. Events like F1 and Commonwealth Games of 2010 have also triggered a lot of action in infrastructure development, retail and hospitality sectors in and around Ghaziabad. The Metro link, Anand Vihar train and bus terminal, road widening exercise on NH-24 and NH-58 were all undertaken in the run up to these international sporting events.

Another reason for the boom in Ghaziabad's realestate sector is the availability of cheaper options when compared to the real estate markets of Noida and Gurgaon, Gaur says.

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.