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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