Growth in Ghaziabad Real Estate

Ghaziabad caters to the affordable housing segment and the mid-segment. The upcoming residential corridors like the area around NH-24, Raj Nagar Extension, and crossings republic townships are pacing –up developments in the city. There has been restriction in new construction in areas like Kaushambi, Vaishali, and Indirapuram. These areas have already being developed to a great extent and with a huge existing residential population, these residential areas have recorded a healthy capital appreciation.

All the recent developments have majorly been the upper-mid and premium segments that offers luxurious specifications and an up-gradation from the mid-segment housing options. There are numerous projects that are coming up in the region and all these projects are have different target audience that they are catering to. From the usual mid-segment to upper and luxurious segments, Ghaziabad has a lot to residential and commercial projects that are coming up in the region.

Places like Raj Nagar Extension has just started with it development phase, thus, the area has a lot of potential of newer and urban style developments. Though the place is currently seeing some lesser known developers that are constructing in the region, but soon renowned developers will also head their way to this side of the city.

Property in Ghaziabad would definitely continue to gather interest, especially for affordable housing and commercial projects in places like Raj Nagar Extension, NH-24, and Crossing Republic. Also, the Ghaziabad sub-market also has a large population to cater from the low-income workers, to industrial sector that are looking to upgrade to better accommodation. In the coming time, the already existing areas should surely continue to hold on to their grounds while the lower income groups should account for maximum of sales volumes.

The infrastructural developments like metro that is being extended to Ghaziabad and widening of the NH-24 to 6 lanes is said to aid in furthering housing developments in this region.The main demand is likely to generate from the middle and low-income population for the residential that are offering in this corridor.

These developments are increasing the demand of residential as well as commercial property in Ghaziabad . People are heading towards the developed along with the developing areas in the city. The affordability of property and easy accessibility from Ghaziabad makes it an appropriate option for residents and professionals.Buyers and developers are moving rapidly towards buying and developing in the real estate sector in Ghaziabad.

  

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