Residential Investment Property

Pune Real Estate Market

Ghaziabad has successfully emerged as one of the most happening real estate markets in Delhi NCR. This (NCR) National Capital Region Town has now become a home for many professionals because of its proximity to the upcoming IT hub, Noida.

There are a number of real estate companies that are coming up with some interesting projects in the city, thereby making it the hub for growth and development.

According to real estate consultants, currently, Ghaziabad has a sea of opportunities in store, both from the perspective of demand as well as supply. There are many reasons for it, one major being its good connectivity to Delhi. As per industry experts, in the next five years, the city will have the best infrastructure facilities in the NCR.

The city has witnessed exponential residential real estate growth. Of late, it is also growing by leaps and bounds in the commercial front. Besides that, Ghaziabad has become an educational hub with various institutes and schools coming up in the area. The city is expected to create a big pool of talent. Hence, in the coming time, many companies are expected break through into Ghaziabad, which might generate huge employment opportunities. Increase in employment opportunities would mean an increase in demand for affordable or low-cost accommodation.

That is why, in Master Plan 2021, Ghaziabad Development Authority has talked about providing a total of 2.6 lakh houses for a population of 23 lakh for which it has invite private developers as well.

If someone is looking to buy a property in Ghaziabad with an angle of real estate investment, there are two main roads in Ghaziabad, one is National Highway 58 and the other is National Highway 24. These two stretches are witnessing immense development and have good real estate investment potential. Moreover, now the Ghaziabad Development Authority (GDA) is also buoyant on infrastructure development of the city. Localities like, Indirapuram are good examples of how GDA is taking up initiatives for a wholesome development plan for the city to put Ghaziabad on the world map along with the other top real estate destinations.

Besides, the metro route planned for Ghaziabad, which will be connected from Anand Vihar to Vaishali navigating Kaushambi has increased residential as well as commercial property prices in Ghaziabad. Besides that, the Commonwealth Games to be held in Delhi in the year 2010 are going to set forth trends in Ghaziabad real estate market.

As Ghaziabad is situated on Delhi's eastern periphery, it is rapidly emerging as the residential nucleus for IT professionals working in Noida and Delhi. The city is also gaining immense popularity owing to its close proximity to the Commonwealth Games locations. This NCR town has been included in the Newsweek's list of '10 most Dynamic Cities in the world and described it as 'India's hottest city' that "is emerging as the next popular address for Delhi-bound commuters".

Now that affordable housing is the next big thing in the real estate market, more and more real estate developers are coming up with affordable residential projects in different areas including areas along the NH-24, leading to Hapur, and along NH-58, leading to Meerut in Uttar Pradesh.

The city's proximity to key corporate offices in Delhi makes it an attractive option for Delhi's residential real estate buyers. Large commercial developments in Noida and Greater Noida add to Ghaziabad's attraction to the property buyers of Delhi. Besides that, there are other interesting projects that are coming up in the city like a 1500-acre township and a hi-tech city in Ghaziabad. Because of these residential and commercial developments, Ghaziabad has emerged as one of the best investment destinations for Delhi property buyers.

Other attractive feature about the city is that it would be connected by the proposed Metro line in Delhi Metro Rail Corporation's Phase II link from Anand Vihar to Vaishali at Kaushambi. The Metro rail project is scheduled to be completed around Commonwealth Games period, September 2010. There is also a proposal to develop 14 flyovers, which will help in reducing the traffic congestion, which will perhaps lead to an increase in the real estate value in Delhi's suburb ' Ghaziabad.

Ghaziabad's real estate market has been growing by leaps and bounds. In spite of a meltdown in the Delhi NCR residential and commercial real estate market, Ghaziabad property values have held or have risen marginally. It is, undoubtedly, the perfect time to make commercial or residential investment in the city.