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Ghaziabad City Success and Development and its Impact Real Estate Market

Ghaziabad which was recently ranked 6th in Newsweek’s list of 10 most dynamic cities in the world was initially a Tehsil named Ghaziuddinnagar.

Ghaziabad town has seen many ups and downs.

Ghaziabad is a district of Uttar Pradesh which has three never-drying rivers within its reach. The holy Ganges, Yamuna and the Hindon.

This town has grown several folds after its status was upgraded from that of tehsil to a separate district. In its journey of success, it has undergone massive changes in population, trade, lifestyle , industrialization and other amenities.It is well connected to the rest of the country by rail and road. It is an important railway junction of the Northern Railways.

Its proximity to Delhi is a blessing no one can deny, this blessing got developed very strong and powerful infrastructure

Vast areas of cheap land and strong infrastructure made Ghaziabad an industrial town .

The development authorities and related agencies laid special emphasis on strengthening the base and developing the social and physical infrastructure of Ghaziabad. Due to which many companies like Coca-Cola, ITC, Sriram Piston, Hamdard, Dabur, Bhushan Steels, Oriental Carbons and others have set up their manufacturing units in Ghaziabad. This gave a kick start to boosting of the retail sector in Ghaziabad.

There is a scarcity of space in Delhi for commercial as well as residential purposes; so many buyers have directed their gaze towards Ghaziabad. People interested in buying Ghaziabad properties have a valid reason of doing so as in the current times; it is one of the hot destinations for investments in real estate.

Ghaziabad property market is witnessing trends that suggest that employers, residents, traders and foreign investors, off late, are calling the shots.

People are willing to buy property in Ghaziabad mainly to avoid paying much higher rates in Delhi and to enjoy living away from the hustle bustle of a metropolitan; yet be in touch for functional purposes. So people work in Delhi and stay in Ghaziabad. This has given rise to spiraling townships in Ghaziabad. , to name few Crossing Republik, Indirapuram, Vaishali , Vasundhara , Rajnagar Extension , Govindpuram are few of them that has attracted lot of investors.

Easy finance options and increasing demand of residential property in Ghaziabad has attracted buyers from nearby Noida as well.

Ghaziabad has managed to respond well to the sudden influx of people and capital into the realty sector. Foreign direct investments in Ghaziabad have been received with open arms in various projects, to name a few. Going by what trade pundits predict, much more foreign exchange is coming in other sectors as well.

Adjoining areas of Ghaziabad like Kaushambi, Vaishali, Indirapuram and others are also witnessing tremendous growth in the residential property market. Kaushambi is rife with many townships, offering luxury condominiums and multiplexes. The Commonwealth Games 2010 also triggered a lot of action in infrastructure development, retail and hospitality sectors in and around Kaushambi.

After Delhi, it is Ghaziabad that offers excellent breeding ground for real estate trade in all three segments- commercial, residential and retail. It shall be true if one says –Sky is the limit-literally, for Ghaziabad.

Upcoming Real Estate Projects :

Although there are many upcoming residential projects in Ghaziabad at different places like rajnagar extension, govindpuram, crossing republik but after government has approved expansion of NH24 Highway to 14 lanes on which the construction is in full swing , crossing republik which is closest to nh24 is catching attention of everybody , as the prices of property adjacent to NH24 are likely to shoot up high after completion of expansion project.

Why Crossing Republik:

Crossings Republik is a privately developed residential township in Ghaziabad, which was a joint venture of seven major real estate groups. Property here is affordable when compared to other areas of Delhi NCR. Since, the area is privately developed and houses many gated communities, safety is not a problem here

Crossings Republik is one of the key areas in Ghaziabad that has started picking up, primarily due to the physical and social infrastructure development

However, it is interesting to note that despite the rise in property values, the real estate market in crossing republic was stable. The prices were not increasing as fast as they were in Vaishali and Indirapuram in Ghaziabad. .

The bottle-neck at NH-24 and no connectivity to Noida Extension was also impacting the residential real estate market in crossing republik. Residents use to face many traffic issues while travelling from Crossings Republik to Delhi through the NH-24. Similarly, those who want to go to Noida Extenstion didn’t had any internal roads that give them easy accessibility.

But now things have changed drastically , NH24 is undergoing massive expansion to 14 lane express highway which will solve the traffic congestion problem for residents of crossing republik travelling to delhi and noida and just before vijay nagar another major broad road has been constructed and operational which goes directly to noida extension and greater noida which has solved problems for people travelling from crossing republic to Noida Extension or Greater Noida.

Renowned Srishti – The most talked about property at crossing republic

Buying a 4, 3 or 2 BHK apartment in Ghaziabad has become very easy with the development of different housing projects offered by the renowned real estate developers in Ghaziabad, such as Renowned Group , Srishti Villa Project in Crossing Republik Ghaziabad a desire to live in posh locality, surrounded by lavish facilities and amenities, people now prefer to purchase flats than plots. Hence, many housing projects have come into existence, which offer state-of-the-art infrastructure, all types of facilities at one distance, beautiful surroundings, lavish accommodation and much more at very nominal rates.

Now with Renowned Group offering duplex villas at the same rates as that of flats , people are rushing towards the villas of this project , but srishti villa is one of the rare project offering this and with limited number of villas its likely to get sold very fast .

CHEAP RATES . QUALITY CONSTRUCTION, REPUTED BUILDER , BEST LOCATION , BEST CUSTOMER SERVICE , HIGH SECURITY, BEST OF AMENITIES

What else a home owner needs for buying his dream home., This lovely property can be yours, just pick the phone , dial 9990445300, speak directly to developer Renowned Group , take a site tour and buy your dream home now , rush before its too late.

Adarsh Sinha