Looking for affordable property in Ghaziabad?
Jun 15, 2013
Source : The Times of India


DELHI: Sky-rocketing property values in Delhi have led to a consumer perception of dearth in availability of homes in the affordable range. However, Ghaziabad, a suburb of the capital city, comes to the rescue for those looking for a property within Rs 20-50 lakh budget, with all modern facilities. Developers in the area are offering residential space with all facilities and amenities. The options are endless.

Raj Nagar Extension, growing adjacent to NH-58, Ghaziabad, currently has more than a dozen new residential projects where a homebuyer can find property within Rs 40 lakh. Data with MagicBricks.com shows that out of the total new launches in Ghaziabad, approximately 55 per cent are in Raj Nagar Extension. Few major developers having their projects here include Ajanara Integrity, Gaursons Ltd, SVP Group and SG Estates Ltd among others.

Also, Raj Nagar Extension comes across as a popular real estate destination because of its connectivity and affordable property values. Ajay Singal, Director, Avalon Group says, “Raj Nagar Extension offers many options within a budget of Rs 40 lakh. Apart from availability of properties, the area also offers decent rental values and good appreciation potential in the coming 3-5 years.”

Areas along the NH-24 also offer a host of residential properties in the affordable budget. Townships and group housing projects such as Crossings Republik, Ansal Sushant City, Wave City, Landcraft Golf Link and South Asian Real Estate offer many plots, single floors and apartments within Rs 50 lakh.
Mohit Arora, Director, Supertech Ltd says, “Property values in Crossings Republik have appreciated by 20 per cent in the Jan-Mar 2013 quarter. The values will continue to grow as there is limited supply and the affordable values attract many homebuyers. You should buy here as it is the right time to invest for both the areas.”

Thus, if you are on a lookout for homes in the range of Rs 20-50 lakh, Ghaziabad is the place for you.

Latest Realty News

Office Memorandum on Guideline for High Rise Buildings
Jun 15, 2013
DELHI: This Ministry, vide OM of even number dated 7.2.2012 had issued guidelines linking the height of a building to the width of the road on which the proposed building is to be located and also the distance of fire station from the building so that in case of emergency, the fire tender may reach the building in the shortest possible time.
Godrej Properties enters Delhi with housing project at Okhla
Jun 14, 2013
DELHI: Godrej PropertiesBSE 1.09 % today announced its foray into the property market of the national capital by signing a development agreement with Southend Infrastructure for 5-acre luxury group housing project in Okhla.
Mixed land use for Noida, Greater Noida
Jun 14, 2013
DELHI: Mixed land use will soon be a reality in Noida, Greater Noida and Yamuna Expressway areas wherein commercial activities can be carried out from sectors earmarked for other uses like residential, institutional and industrial.
Delhi government asks schools to improve infrastructure
Jun 13, 2013
DELHI: The Delhi government on Wednesday directed all its schools to improve infrastructure and promised to provide all financial assistance for it.
Ghaziabad: 2BHK the most preferred configuration
Jun 13, 2013
DELHI: Owing to comparatively lower property values than other parts of NCR and good connectivity, Ghaziabad has developed as a preferred residential location for youngsters working in the IT hubs of Noida and Greater Noida. These young professionals being single or having small families look for smaller residential units. It is thus, no surprise that 2BHK units are the most preferred configuration in Ghaziabad.
Real transparency: Real estate bill will empower consumer
Jun 12, 2013
DELHI: Five years or so in the making, the Real Estate Regulation and Development ( RERD) Bill has finally been cleared by the Cabinet.
Multi-storey in high demand in Delhi
Jun 11, 2013
DELHI: Demand for multi-storey buildings in Delhi was recorded as approximately 53 per cent during the Feb-Apr 2013 period, a rise of 2 per cent from the Nov 2012-Jan 2013 period. The growing space crunch in the capital city could be the reason behind the demand for multi-storey units being the most preferred property type across all categories.
Assotech Realty to invest Rs 100 crore on service apartments in Shirdi
Jun 11, 2013
DELHI: Assotech Realty today said it will invest about Rs 100 crore to develop a service apartment project at Shirdi in Maharashtra.
How real estate Bill will benefit buyers
Jun 10, 2013
DELHI: The Cabinet nod for the Real Estate (Regulation and Development) Bill 2013 has been met with approval, concerns and questions.
Real estate Bill, a damp squib
Jun 10, 2013
DELHI: The Real Estate (Regulation and Development) Bill, 2011, focuses on the contractual relationship among three parties: promoter, the allottee or buyer, and the regulatory authority. The Bill essentially seeks to secure the rights of the buyer against unscrupulous actions by the promoter.

Latest Realty News Of State

Realty Talk's