Located on Delhi’s jap periphery, Ghaziabad is quickly rising because the residential nucleus for IT professionals working in NOIDA and Delhi. Ghaziabad can also be gaining reputation owing to its proximity to the Commonwealth Video games places.Newsweek included Ghaziabad in its record of ’10 Most Dynamic Cities’ on this planet and described it as ‘ India’s hottest metropolis’ that “is rising as the following fashionable tackle for Delhi-bound commuters”. As inexpensive housing turns into the important thing to gross sales in a slowing market, key Delhi actual property builders have developed inexpensive residential property alongside the NH-24, resulting in Hapur, and alongside NH-58, resulting in Meerut in Uttar Pradesh.
Ghaziabad’s proximity to key enterprise districts in Delhi makes it a great possibility for Delhi’s residential actual property patrons. Giant business developments in Noida and Better Noida within the neighborhood additionally provides to Ghaziabad’s attraction to Delhi Property patrons. Additionally on the playing cards is a 1500-acre township, a hi-tech metropolis in Ghaziabad. The town has emerged as probably the greatest funding locations for Delhi property patrons.Ghaziabad may also be related by the proposed Metro line in Delhi Metro Rail Company’s Section II hyperlink from Anand Vihar to Vaishali at Kaushambi. The mission is scheduled to be accomplished by September 2010. There’s additionally a proposal to develop 14 flyovers which is able to assist in decreasing the site visitors congestion, resulting in a rise in actual property worth in Delhi’s suburb – Ghaziabad .
The capital values in Indirapuram in Ghaziabad in October had been between Rs. Three,000-Three,500/sq ft (builder flats) and Rs 2800-3000/sq ft (Cooperative housing societies) for the month of October. (Supply: MagicBricks.com). Despite a slowdown within the Delhi NCR residential actual property market, Ghaziabad’s property values have held or have risen marginally between August and October. Anil Kumar Singh, a dealer working in Ghaziabad says attributes the escalation in values to the rise in demand, good location and the truth that since virtually all the things is bought out so its re-sale transactions. Proximity to Delhi together with good connectivity and transport hyperlinks can also be thought-about an enormous benefit.