Comparing Ghaziabad with the Neighborhood NCR Cities
Real estate business has seen a multi-fold growth in the past two decades in almost all the Indian states. This is the sector that seems to have been unperturbed during the recession period. On the contrary, we can say that the sector has been continuously flourishing ever since it gained speed and the popularity refuses to die down given the tremendous returns it promises.
The continuous increase in the prices has certainly brought a big smile on the faces of the real estate developers and investors alike. The price factor has grown by up to 300 per cent in the past 2 decades in most of the urban cities. In almost all of these cities real estate projects are being developed on a large scale, be it commercial or residential. Shopping malls, parks, playgrounds are also developed to lure the buyers to purchase real estate properties.
Ghaziabad as a part of Delhi/NCR region is now the eye of cynosure for the real estate developers and investors in the NCR real estate market. The land scarcity in the NCR cities as Delhi, Noida has aided the real estate development in the city. The resultant growth of the property prices is almost at a rate of 30 percent per annum. The majority of residential properties being developed in Ghaziabad are generally independent houses, condos, flats and luxury villas.
Ghaziabad is now rapidly becoming a dream place for many Indians who relish investing in real estate properties. It continues to be among the best real estate investment options of top investors in India as well as across the border investors. Working professionals’ class now wants to settle in Ghaziabad since it's having a great number of opportunities for leading a peaceful and healthy life. The greenery percentage in Ghaziabad gives it a big edge over the neighborhood NCR cities. People prefer to spend their life in a clean and quiet atmosphere rather than suffocating in the polluted air and getting deafened by the noise of blaring vehicles.
Also, the growth of the real estate is aided by the fact that there has been a continuous outbreak of IT and ITES development in the nearby city of Noida, which has also resulted in a significant migration of working people in the city. The growth is expected to continue as the nearby cities can’t provide a living style as quiet and peaceful yet affordably priced. Ghaziabad is truly going to rule the NCR market in the coming years.
Rahul - About Author:
Bharat City in Ghaziabad has been launched as a world class residential option. Bharat City is a residential project of HDFC PMS and BCC group providing affordable world class 2 and 3 BHK apartments.
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