Ghaziabad: A Shining Star For Real Estate Investments In 2024

Ghaziabad is a suburb city in the National Capital Region (NCR) of Delhi, which is anticipated to become a preferred investment destination for real estate in 2024. Here, we consider the reasons behind the growing interest in investing in Ghaziabad and highlight the best places to check out for your investment journey.

Top reasons to invest in Ghaziabad real estate

Strategic Location: Ghaziabad's close proximity to Delhi gives it ultimate connectivity to other destinations via road, rail, and other means of transport. The upcoming development, such as the high-speed rail transit system (RRTS), is expected to offer excellent accessibility to other places with a large potential market base.

Affordability: Compared to top cities in and around NCR, including Noida, Gurugram and Delhi, housing is considerably cheaper in Ghaziabad. 1 and 2 BHK flats in Ghaziabad are attractive opportunities for investors on a tight budget.

Infrastructure Development: The city is going through a massive infrastructure makeover as it has put forth transformative projects on the way to becoming a smart city. Such a development can be seen in its upgraded physical and social infrastructure, which helps the region upgrade its real estate attractiveness.

High Footfall: This city in Delhi NCR has noticed a high footfall for commercial enterprises due to the large population density in the area.

Employment and Educational Opportunities: Many educational institutes and jobs are available in the area, making it easy for the young and dynamic population to gather and build the "need" for retail places and other commercial areas.

Though Ghaziabad presents numerous angles of investment, the region surrounding the Hindon Airport seems to be the current centre of development, and it lends itself to being the most profitable area for real estate enthusiasts.

Top areas to invest in Ghaziabad

Ghaziabad is one of the most important housing areas in the National Capital Region (NCR). Let's take a look at three major localities as an investment opportunity.

Raj Nagar Extension

Raj Nagar Extension is a fast-growing micro-market trending among homebuyers looking for affordable and easily connected residential areas.

Affordable Housing: About 70% of the properties in the region are priced between Rs 30-50 lakh, making it an excellent affordable option.

Growing Popularity: The region has reported a substantial increase in demand for low-cost homes in the past few years, signifying its rising acceptance.

Enhanced Connectivity: Upgraded infrastructure like Meerut Road (NH-24), Meerut Bypass Road (NH-9), and Delhi Metro have greatly improved regional accessibility.

Emerging Hub: The completion of the upcoming Hindon Elevated Road and Hindon Metro Station will likely increase connectivity and housing demand in Ghaziabad.

Peaceful Environment: The green spaces of Raj Nagar Extension provide a calm and serene atmosphere for peaceful living.

Potential for Growth: Experts forecast an average 10% annual increase in property prices, thus making it a lucrative investment. At present, a 2BHK is roughly in the range of Rs 35-40 lakh, and a 3 BHK is between Rs 45-50 lakh.

Indirapuram

Indirapuram is a well-developed housing area divided into sectors like Abhay Khand, Nyay Khand, and Vaibhav Khand. Key features include:

Diverse Housing Options: A combination of multi-storey buildings, independent houses and gated communities serves investors with varied budgets and tastes.

Affordable Range: A large portion of the available Ghaziabad 1 BHK flats in Indirapuram are within the Rs 30-50 lakh bracket, an affordable option for the vast majority.

Excellent Connectivity: The locality connects Noida and Delhi through the Delhi-Meerut expressway, Vishwakarma Road & Mohan Nagar link road. Two major metro stations (Vaishali and Noida Electronic City) are within a radius of 5 km on the Blue Line. The ongoing metro expansion involving Noida Electronic City to Mohan Nagar, passing through Indirapuram, will further improve the connection.

Top-Tier Amenities: Top schools like DPS Indirapuram and St. Francis School, and well-known hospitals such as Max Super Speciality Hospital and Shanti Gopal Hospital, are located within a 5-7 km radius of Indirapuram, making it a good residential destination.

Vasundhara

Vasundhara is an excellent choice for investors and families looking for a well-maintained residential area. Key features include

Thriving Market: The most attractive thing about residential projects in Vasundhara is that they are 'ready-to-move-in', which is a good investment option.

Property Type: Over 60 % of these properties are builder-floor apartments, which is a very favourable factor as it provides a sense of belonging and privacy.

Focus on Mid-Sized Units: About 70% of the residential collection consists of 2 BHK and 3 BHK units that are aimed to serve families and young professionals.

Strategic Location and Infrastructure: Vasundhara is well-connected to Faridabad Rd, Link Rd, and Kaveri Marg, providing seamless accessibility to Ghaziabad and Delhi city. Being close to Vaishali Metro Station, it enjoys an extra connectivity link, with the upcoming extension of this line meant to serve Vasundhara Sector 2.

Strong Social Infrastructure: Being a renowned city, this region boasts Amity International School and Delhi Public School as the best educational institutions. The local residents have easy access to Yashoda Super Speciality Hospital and Narinder Mohan Hospital in Vasundhara.

Proximity to Commercial Hub: Sector 62, a well-known commercial hub of Noida, is just 20 minutes from Vasundhara.

Gaur Airocity Township

Established by the well-known Gaurs group, this massive township is the emerging beacon of their real estate success in Delhi NCR. Sprawled in 60,000 square metres of area, Gaur Airocity is becoming the next investment spot. This township is located in proximity to the Hindon Airport and is the new real estate investment hub in Ghaziabad.

Passport Studios by Gaurs: The premium commercial studios around the airport and Gaur Aero Mall, these commercial studio in Ghaziabad for sale provide investors with a high-yield investment opportunity in a strategic location. The builder, Gaurs Group, guarantees high-quality construction and compliance with standards, thus protecting your investments.

Gaur Aero Mall: Often called the "First luxury mall in Ghaziabad", Gaur Aero Mall intends to change the city's retail society. Bordering the airport, its wide and alluring array of shopping outlets, commercial stores, and food courts appeals to all tastes and budgets. Because of its brilliant location within the Gaur Airocity township, this commercial property guarantees a steady stream of visitors.

Gaur Aero Heights: Ghaziabad will witness a considerable housing demand in the near future. And the Gaur Airocity township is believed to cover this rise in demand with this project. Gaur Aero Heights near Hindon Airport features 1 BHK bedroom apartments at affordable rates in Ghaziabad. The project proves to be a blessing for first-time homebuyers and thriving families, giving them comfortable and luxurious abodes at lower costs.

Final Thoughts

Ghaziabad has emerged as a lucrative investment spot in the NCR region after Gurugram, Noida and Greater Noida. The city's well-planned connectivity, affordability, booming economy, and promising infrastructure make it an attractive destination for investment purposes. The city gives you the advantage of rapid growth and generates attractive profits for an entire lifetime.