Affordable property prices drives the realty market in Ghaziabad

The real estate scenario of the Delhi NCR region has captivated many young homer buyers. Aspects like affordable prices, good infrastructure and seamless connectivity has made the region a residential hotspot. And with the never ending demand resulting in a price hike, cities such as Ghaziabad are soon developing into catchment areas that offer properties at pocket friendly prices. When compared to its neighbouring cities like Delhi and Noida, the city is cited to have one of the most economical real estate market.

Dubbed as a gateway to Uttar Pradesh, the city has emerged into a the most sought after localities in the NCR region. Factors like the presence of a number of small and mid-scale industries, and insurgence of other institutions have changed the face of this developing city. Another element that has resulted in tremendous growth is the metro rail connectivity. A number of real estate developers are cashing on the connectivity and are buying plots in Ghaziabad in large number only to create many residential projects.

The city’s strategic location too has pushed the housing demand further. It is well networked to its cities via rail and road. An array of apartments in Ghaziabad have mushroomed along highways like National Highway 24 and 58. The developing commercial belt and seamless connectivity is luring many home buyers to invest in properties here. Modest budgets and high ROI (Return on Investment) make this part of Ghaziabad a favourable destination for investors.

Other active localities that are brimming with many construction activities are Kaushambi, Indirapuram and Vaishali. Apartments in Ghaziabad especially on the GT Road are in huge demand too as they fall well within the budget of Rs 20 lakhs. Kaushambi has also evolved into a residential hub due to its metro connectivity.

Capital values of properties here have already started to appreciated and they are predicted to escalate over 30% in the future. Flats for sale in Kaushambi are estimated to hover anywhere between Rs 4,500 and Rs 5,300 per square feet. The developing commercial hub of Indirapuram has lured many property seekers. With there being an inherit demand for 2 BHK homes here, flats for sale here are expected to fall well with the modest budget of Rs 30 lakhs.

Cited to be an industrial hub, the realty market is essentially driven by working professionals and the minimal prices are captivating many second time home buyers and investors mind. Due to cheaper property prices, investors are either purchasing plots in Ghaziabad as an investment purpose or are buying flats for sale only to let them out on rent later so they could earn a formidable income. Homes here are capable of generating a rental income of Rs 12 per square feet per month.

So if you want to invest in a property that is pocket friendly yet is capable of generating high ROI (Return on Investment), then investing apartments or plots in Ghaziabad is a safe bet.