Indian Property

Ghaziabad Project

On what is so special about Ghaziabad is its legacy since the Mughal time period. It is said that the Mughals, in what is presently called Ghaziabad, was a picnic spot for their royal family, especially at the banks of the Hindon River. The present too has a lot of celebrities born and brought up in the city of Ghaziabad, Arvind Kejriwal, Delhi’s CM, is one such example who lived in Kaushambi apart from Lara Dutta (Miss Universe 2000 and bollywood actress), Suresh Raina (cricketer) and more.

According to the 2011 census, the urban agglomeration in Ghaziabad stands at 46,81,452 people. The city mainly caters to the mid segment housing or affordable housing. Luxury housing is not the genre of this place which comes under the Uttar Pradesh state of the country. It’s major plus point is its location which is set at the outskirts of the national capital, Delhi. Whatsoever development that has taken place in this city is due to its close proximity to Delhi.

Ghaziabad’s socio economic parameters are below the national average. Some of the significant areas of this city are Ghanta Ghar, Bazaria, Chopla Mandir, Maliwara, Model Town, Gandhi Nagar, Nehru Nagar, Kavi Nagar, Raj Nagar, Shastri Nagar, Sanjay Nagar, Ambedkar Road, Navyug Market, Delhi Gate, Gole Market, Mukand Nagar, Sarai Nazar Ali, Rajendra Nagar, Shalimar Garden, Turab Nagar, Indirapuram, Raj Nagar Extension, Crossings Republic, Sahibabad, Kaushambi, Vaishali and Hindon river.

Shopping options

Of these areas, there are options for shopping into local markets as well as malls. Both the options are not comparable to that of Delhi but are fine for the kind of population it caters to. Local markets like the Turab Nagar market is considered as a good option for the locals, the Ghanta ghar market comprises of the Gole market area, the Navyug market hosts a Sunday market for every small requirements of the household. Then there are also options like Chopla Mandir around which there are options to shop, Bazaria and Chopla Mandir are also of the same category. Mall culture also throng the city with options like Opulent mall, Gaur mall, Pacific mall, EDM mall, Square mall, Mahagun metro mall, Shipra mall with various options of multiplexes like Waves and PVR.

Residential options

Residential areas of the city include: Raj Nagar Extension, Indirapuram, Sanjay Nagar, Shastri Nagar, Gandhi Nagar, Nehru Nagar, Kavi Nagar, Ambedkar Road, Delhi Gate, Crossings Republic, Kaushambi, Vaishali etc.

There are established housing clusters in the city such as Kaushambi, Vaishali and Indirapuram and those which are still developing include the Raj Nagar Extension and developments along the NH-24 encompassing Indirapuram, Crossing Republic Township and beyond. There are restricted new launches in Kaushambi, Vaishali and Indirapuram clusters due to space crunch now and also because the area is already developed to a great extent with large residential population. There is also Raj Nagar Extension corridor on NH-58 along with those mentioned above which have contributed to the residential development over the past few quarters.

While there may be project launches of new developers or lesser known developers in the Raj Nagar Extension area but the area along the NH-24 is occupied by names like Assotech, Ansla API, SARE, Ashiyana Group and Wave Group. The city will continue to garner interest particularly for affordable projects in Crossings Republic, Raj Nagar Extension as well as on the NH-24.

Industrial sector

A large population base of the Ghaziabad sub-market is also from the industrial sector, SMEs and low-income workers looking forward to upgrade their lifestyle for a better accommodation. These lower-income profile areas like Sahibabad, Raj Nagar Extension as well as future developments on the NH-24 and the GT road is expected to account for majority of sales

Infrastructure developments

Apart from the connectivity of the bus terminals and railway lines there are the following factors also which lend the place a higher pedestal:

• Delhi Metro

The Delhi Metro’s extension to Vaishali served as a breather to those working professionals who had to cover a huge distance everyday via road traffic from Ghaziabad’s interiors. This metro serves the footfalls from Vasundhra and Indirapuram region. It also connects the Kaushambi metro station and there are further plans to extend the blue line to Indirapuram and Loni by the year 2017. There is also a nearby connectivity of Dilshad Garden metro station in Delhi area at the Apsara border to serve the areas like Shalimar Garden, Rajender Nagar and other neighbouring colonies. This line (Red Line) is also expected to be extended to the Old Bus Stand, Ghaziabad by the year 2016-17.

• NH-24 widening

With the widening of the NH-24 stretch from ITO in Delhi till Dasna in Ghaziabad will mean easing out traffic jams. It will pass by the Akshardham Temple in Delhi and the widening process is to start from the Yamuna bridge on NH-24 to go up to Dasna and eventually till Meerut. The sixteen laning of the stretch is envisaged to provide signal free connectivity between Ghaziabad, Faridabad, Gautam Budh Nagar and Palwal and is expected to get over by July 2018. With such infrastructure developments, Ghaziabad has become a hub of real estate activities that are coming along the highway. There are some major developers who have invested heavily on NH-24 are SARE, Mahagun, Antriksh, Crossings Republic, Ansal API, Wave, etc. Residential options along NH-24 and NH-58 are flourishing because of their proximity to Delhi. The IGI airport is about 45 kilometers away, which is the nearest to it. Talking about connectivity through roads, the city is well connected on all sides from Delhi, Noida, Hapur, Modinagar, Bulandshahar, Merrut, Baghpat,Saharanpur, Haridwar etc.

Project in Ghaziabad