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The Rapidly Growth of Real Estate in Ghaziabad

By Gaurav Bajaj Subscribe to RSS | January 17th 2012 | Views:
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The NCR city of Ghaziabad is currently under the transitional phase of rapid economic growth in terms of real estate development. A number of industries have sprung up in a variety of sectors, ranging from manufacturing to services as IT services, which altogether promote the city as an industrial hub, and hence realizing as a hotbed for an all round growth and development.

As per the latest opinion of the real estate consultants, Ghaziabad is an ocean with a huge number of opportunities in store, from the demand as well as supply perspective. The city enjoys an immensely improved connectivity to the metro city of Delhi. Industry experts believe that, the city will have the best infrastructure in the NCR within the next five years.

Ghaziabad as a sub- urban city has helped Delhi in the same way Navi Mumbai has done for Mumbai. The city has gradually developed into an acclaimed educational center and is bound to create really an enviable reputation in the field of education. The coming years are bound to be immensely crucial for the city’s overall growth, with a number of companies breaking through into Ghaziabad, thereby generating huge job opportunities hence escalating the demand for affordable accommodation for all the office goers as well as job- seekers. In the Master Plan for up to year 2021, Ghaziabad Development Authority has promised for providing a total of 2.6 lakh houses for the projected population of 23 lakh for which it is inviting private developers also.

In Ghaziabad city apartments and flats can be purchased in 2, 3 or 4 BHK in different sizes. These apartments or flats in Ghaziabad have a number of features, such as Vaastu friendly designs, swimming pool where kids' pool is different, gymnasium, open and covered parking option, clubs, tennis court and many others. There are ample open spaces, such as jogging track to tune up your body. Proper consideration is given to the availability of basic amenities in these apartments, such as 24-hours power and water supply.

Location of apartments in Ghaziabad is also a plus point for those who are earning their living in Delhi or NCR. A large number of shopping malls and retail stores are coming up which make it a completely indulging and enjoyably rich shopping experience. When it is about grooming kids, the region owns world-class educational facilities in the city.

As far as prices of real estate Ghaziabad are concerned, the city has different parameters to meet the needs of all and offer contemporary and affordable housing options. One can find low cost to expensive premium apartment or flats in the city. If the search is for premium apartments then Vaishali and Kaushambi care the best known regions offering properties that be considered ranging from INR 35 lakh to 65 lakh.

If you are looking out for comparatively low cost affordable apartments in Ghaziabad which come inclusive of the most basic amenities then you can find reasonably priced apartments with cover/ open parking facilities and multi-tier security systems. A number of renowned construction companies are working on numerous flats and apartments projects in Ghaziabad in different locations to cater to the needs of families with different sizes.

From the real estate investment point of view, we have two major roads, one is the National Highway 58 and the other is National Highway 24. These two stretches have been a testimony to the spurt in development and possess a sound investment potential. Moreover, the Ghaziabad Development Authority (GDA) is upbeat on infrastructure development of the city. Localities like, Indirapuram are great 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.

Gaurav Bajaj - About Author:
Author is writing articles about Bharat City Project Ghaziabad, Bharat City Project and HDFC Bharat City Project .

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