New property hotspot in Ghaziabad

Property in Ghaziabad has ushered good news. The authorities have announced a widening of the 21 kilometer stretch of the National Highway 24 which extends from Dasna to UP Gate. The primary reason for this is the traffic problems that are faced by the residents of Noida and Indirapuram. This news has been a relief for the inhabitants of these cities.

The current status of Ghaziabad is somewhat similar to the rest of India, which is said to be stagnant. The city has numerous projects lined up, but the slowdown of Property Buyers in Ghaziabad has affected the whole real estate scenario in the developing city. This, however, has given a push to the projects that are lined along the National Highway 24 which has resulted in repositioning of many of the projects being locate along NH-24.

NH-24 is one of the busiest highways that connects Lucknow and Delhi overall, but it blocks especially between Hapur and Nizamuddin Bridge. It is said to be a new life for Property in Ghaziabad. The city is a prominent industrial and residential hub. Many people use this highway to travel to and from Delhi whereas on the other hand the highway connects Lucknow and Hapur and is one of the main roads in Uttar Pradesh.

The traffic on this highway has become a problem for the people travelling as well as living in Noida and Ghaziabad especially those who use this road on a daily basis. As per numerous surveys, this stretch has as much as 1.4 lakh passengers using this corridor and these two cities in the NCR has witnessed the major rise of the new residential projects and thus the inflow of new residents in the last five years. As a result, this expansion was much needed and was in demand for long.

The stretch along the National Highway 24 offers various property options. Currently, land parcels are available with different segments from mid and high rise buildings to integrated townships; Ghaziabad properties have numerous options for the buyers to choose from. Also, the prices of Property in Ghaziabad varies by the proximity to the highway as well as the availability or offerings of the local infrastructure.

The location is again heading towards being a promising place for investing in the residential and commercial property in Ghaziabad. The renowned developers are already developing some magnificent projects along the National Highway 24 with a belief of getting real returns in the future.