Aspire to invest in NCR region, Look out the bustling area

Delhi: Continues rise of property prices in Delhi and NCR region have made Uttar Pradesh gateway - Ghaziabad as a feasible option. However, individuals who are looking for properties in Delhi, Gurgaon and Noida for property investment are feeling that the property rate is beyond their reach. Ghaziabad is one of the property hubs that came into limelight in recent years. Industry experts say that owing to its affordable prices, improved infrastructure development and better prospects for capital appreciation of Ghaziabad is attracting many investors over the recent years.
 
Seamless connectivity to Delhi, Noida, Meerut and Faridabad made Ghaziabad as one of the fastest growing city in the world. The city is bustling with enormous construction activities because of the large chunk of profits that many renowned developers are purchasing the large a amount of land and coming up with an array of residential projects. Due to its connectivity it enjoys all the basic civic amenities and offering double favorable circumstances. Being comparatively cheaper than Delhi and few satellite towns, continues catering of affordable housing for mid income individuals and improved connectivity with metro are few added advantages.
 
The undergoing FNG express way and Link Road, a proposed elevate road project by Base Ghazidabad Development Authority, and extension of Metro links are some of the factors that are roping many investments. Few bustling localities like Indirapuram, kaushabmi and Vishali are witnessing a high demand for 2 BHK apartments and noted 11 percent appreciation and the property prices are anticipated to rise further.  With every city expansion, new growth corridors become louder. Rise in migrated population and overall development in Delhi is also pushing the demand in such localities as the city is already saturated beyond the limit.
 
Sahibabad, Raj Nagar Extension, Aditya world city, Corssings Republic are few localities where the multistory apartments are mushrooming. Here, the expected price for sq ft is around Rs 1900 to Rs 4,400 according to market trends. NCR peripheral areas are also drawing non resident Indians and high net worth individuals due to its proximity to the airport and existence of IT companies. The proposed NH-24 extension to Delhi border Dasna Stretch into 14 lanes which offers connectivity to prime cities like Lucknow, Bareilly, Sitapur, Moradabad and many other cities will bring investors a healthy returns in forthcoming days.

Real experts say that “After a couple of months, the NCR region will definitely move upward as the GDA (Ghaziabad Development Authority) has numerous advantageous housing schemes which will take effect in 2015. Thus, investing in Ghaziabad is a better option to grab healthy returns.”