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Real Estate in Ghaziabad

Ghaziabad is one of the Indian cities where the real estate market is growing exponentially. The city shares its border with the national capital and belongs to the National Capital Region. Due to its close proximity to Delhi, the city real estate market is booming and possesses a higher Return on Investment (ROI). Moreover, the properties have also generated higher rental yields over the years. The city has become a cynosure of financial investment. The current real estate market of Ghaziabad features nearly every real estate property such as builder floor, apartments, villas, plots amongst other avenues.

Market Size of Real Estate in Ghaziabad

Both the consumer and developers are showing a keen interest in Ghaziabad’s city real estate market. Infrastructural development is on the boom as renowned developers and investors are making capital investments and launching their new projects in Ghaziabad. Moreover, one of the reasons why Ghaziabad’s real estate market is booming at a high pace is because it also shares the border with Noida Electronic City. In the current period, Noida is leashed with MNCs and several MNCs are paving their way. The job and business opportunities are directly proportional to real estate demand. The higher the influx of inhabitants, the higher will be the demand for accommodation.

Infrastructure and Connectivity in Ghaziabad

Ghaziabad is making a global image in terms of infrastructural development. Currently, the city is known as an industrial as well as a residential hub of the Delhi metropolis.

In terms of connectivity, Ghaziabad is well-connected with roadways, railways and even with DMRC. However, during peak hours, slight congestion can be seen. The residential and industrial capability of the city is one of the factors that boost the Ghaziabad city real estate market. Moreover, the MNCs also attract renowned real estate developers to make capital investments in the city.

The Best Localities in Ghaziabad

Ghaziabad is one of the briskly growing cities in terms of home, living and lifestyle. Almost every locality of Ghaziabad is leashed with community amenities. Residential and industrial development is also playing its part in making the localities more attractive whilst providing a unique yet easing living experience. Some of the best localities in Ghaziabad are Vaishali, Vasundhara, Chander Nagar, Raj Nagar Extension, Indirapuram among others.

Top Localities, Property Type with Price Trends in Ghaziabad

Home and Living

Ghaziabad’s real estate market is crafted to perfection as it features multiple projects from renowned developer, the top-notch amenities and its close proximity to Delhi just enhances the living experience. Furthermore, as the city belongs to the National Capital Region, the development on the outskirts of Ghaziabad is also booming. The property has an affordable range of purchasing value and generates higher rental yields. Moreover, numerous corporate parks, business parks and residential new projects are being introduced to the city. These factors indicate that the property has the capability to generate a higher Return on Investments (ROI).

Demographic Stats (By Population)

The demographic statistics of Ghaziabad are witnessing a slight hike as the population has increased from 31.91 lakhs in Census 2001 to 46.82 lakhs in Census 2011. The population of a city is directly proportional to the demand for accommodation and resources. As per the rise in demand for residential places, the real estate developer has perceived it as an opportunity to make capital investments that will generate considerable profits. Furthermore, the government is also simultaneously introducing multiple schemes for the welfare of the mass.

In addition, there is a tremendous hike of 8.33% in the average literacy rate of the population. In Census 2001 the average literacy rate was about 69.74 which rose up to 78.07 in Census 2011. To know more detail about the demographic information of Ghaziabad, check out the below-mentioned tabulated data.

Specification Census 2001 Census 2011
Population 32.91 Lakhs 46.82 Lakhs
Actual Population 3,290,586 4,681,645
Male 1,769,042 2,488,834
Female 1,521,544 2,192,811
Population Growth 46.89% 42.27%
Area Sq. Km 1,179 1,179
Density/km2 2,800 3,971
Proportion to Uttar Pradesh Population 1.98% 2.34%
Sex Ratio (Per 1000) 860 881
Child Sex Ratio (0-6 Age) 854 850
Average Literacy 69.74 78.07
Male Literacy 79.84 85.42
Female Literacy 58.01 69.79
Total Child Population (0-6 Age) 566,447 681,231

Property Types in Ghaziabad

Numerous properties for rental and commercial purposes are offered in Ghaziabad. The perks of these are the absolute flawless architecture attributes, proximity to prerequisites and greenery all around. There is less hustle for movement as the railways are well-connected to the sites built by renowned city builders. Incredibly, it also serves good plots for building independent houses and even some agricultural lands.

Residential

Several gated communities are found in Ghaziabad with construction and a massive range of amenities. Also, buyers may search for vacant plots and villas that cherish a personalised living experience. On one side where apartments will facilitate you to live a smart lifestyle. Simultaneously, plot purchasers may plan their construction as per their preferences thoughtfully. Including this, these are futuristic benefits of creating fruitful and secured coming days. One may also benefit by offering rental sites to the tenants to have additional income in their pockets. On average, Ghaziabad may cost around Rs. 75 lakhs to Rs. 1.2 crores on average.

Commercial

Ghaziabad has splendid properties for commercial aspects that are designed professionally and located at the best site a business craves. These are subject to be in the customer’s eyes so they are productive and grand. The properties are built with enough space and even have different floors to customise as per the buyer’s choice. Including this, the reasonable way to afford these classic commercial properties is to have them on a rental contract. Such sites can be easily available near residential areas or typical marketplaces. Surely, the cost you will pay will bring you scopes of development with immense additional benefits.

Mixed-use

Mixed properties are such properties which are used for residential and commercial subjects both. Such can be a flat where a doctor may practice their clinic with housing things simultaneously. These can also be independent houses where the lower floor can be a shop, and the upper floors may be utilised for residential purposes. Both are easily accessible in Ghaziabad, where affordable ranges are available.

Industrial

Industrial areas are the core attribute of Ghaziabad’s rapid development. Therefore, industrialists may look for some great project sites and plots where industries can be set up conveniently. They abide by all the regulations required before setting up an industry of different types. One can go for a well-constructed industrial property or may even consider the plots allotted for the same purpose. These are away from mainland houses and qualify each check box to establish your new industry of preferable capacity to function.

Ready to Move

79 localities in Ghaziabad offer ready-to-move apartments with a bunch of amenities. They are in 2 BHK, 3 BHK and 4 BHK sizes with spacious construction. The apartments have smart equipment and grant flexibility to personalise house interiors. The site is close to nearby prerequisites that make . Also, the exterior of such societies is well-crafted with guaranteed free parking and security check-ins.

Studio Apartment

Studio apartments are also called 1 RK, which offers a single room with a corner spacing for the kitchen with a separate washroom.This is more popular in metro cities than Ghaziabad. Thus, residents cannot find studio apartments here as most developers dominate in 2 BHK to 5 BHK structuring only.

Villas

Villas are independent houses with a personal set up for a living. It is at least 2 storeys where a balcony and garden are extra advantages that owners can avail. Including this, homebuyers also have space for pets or kids' play areas. Although these benefits are already a part of a gated community, a villa is always a prestigious purchase regarding a rich lifestyle.

Flats in Ghaziabad

There are some fabulous properties in Ghaziabad available for purchase or even rent. These are established under a recognised banner of real estate developers. Some of these properties are ready to move, and some are freshly launched. However, buyers may also plan their house purchasing plan with well-occupied projects. Let us look at some localities that provide dream abodes to buyers with unlimited services.

RERA Approved Projects in Ghaziabad by Government

In the current Ghaziabad real estate market, most of the projects are RERA approved under the 2016 RERA Act. RERA stands for Real Estate Regulatory Authority, which was established in 2016. Such properties are more secure and help the government to look after the real estate customer's grievances firmly. Furthermore, the RERA-approved properties provide an easing property purchase experience.

Real Estate Future in Ghaziabad

Ghaziabad’s real estate market is booming and the demand is high for residential spaces. To fulfil the demand for residential space, numerous renowned developers have made capital investments and launched a new projects. Furthermore, the government is also providing strategic development and legal permission to bridge the gap in housing.

FAQs

Q1. How is the real estate market in Ghaziabad?

Ans. The real estate market in Ghaziabad is booming as multiple renowned developers are developing their new projects. Moreover, the city shares its border with Delhi which is also one of the reasons behind the development of Ghaziabad’s real estate market.

Q2. Why are property rates so high in Ghaziabad?

Ans. One of the reasons why property rates in Ghaziabad are is high because it belongs to the National Capital Region, which means the city shares the boundary with Delhi.

Q3. Is it good to buy property in Ghaziabad?

Ans. Yes, it is good to buy a property in Ghaziabad because it has the potential to generate a higher Return on Investment (ROI) and it also generates higher rental yields.

Q4. Which is the cheapest place to live in Ghaziabad?

Ans. It is affordable to live in most of the places in Ghaziabad. However, a few places are Niti Khand, Vasundhara, Shakti Khand and so on.

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