A guide to buy property in Ghaziabad
Ghaziabad has shown tremendous growth in real estate sector in past few years with old localities turning into new. The city is well-connected to NCR due to Delhi-Meerut highway and NH24. It is also connected by Delhi Metro and hence the city has emerged as the important real estate location. So, if you are also thinking to buy property in Ghaziabad, here are few things you must know.
Real estate locations:
Old city of Ghaziabad has spots like Lal Kuan, Mohan Nagar, Shashtri Nagar, Govindpuram, etc. While you can also surf newly developed locations like Raj Nagar Extention, Kaushambi, Indirapuram, Vaishali, etc. The old city is area is still under-developed while newly established areas are mostly served with modern infrastructures and amenities.
What’s the cost?
If you are searching for an under-construction apartment or the one for resale, it is better to search in areas like Raj Nagar Extension, Vaishali, Indirapuram, etc. If you are looking for an independent villa or plot for the same, then old Ghaziabad will fulfill your wish.
The price for the houses ranges from Rs. 2800 per sq. ft to Rs. 5500 per sq. ft. The areas near National Highway 24, Govindpura, etc. have low price range. The middle-ranged areas are Crossings Republic and Vasundhara while Indirapuram and Vaishali are the highly priced areas. Although very highly priced, these areas are very close to Delhi, so you can have double advantage of living in good location with better amenities.
1. The infrastructure of Ghaziabad is still evolving and progress is very slow in pace. The roads are narrow and sometimes it becomes difficult to commute.
2. Most of the localities are under-construction.
3. Many of townships are not completely occupied. This leads to certain problems like high charges for maintenance and power back-ups as the residents are less in number.
What should a buyer do?
Those who are working in the old parts and willing to buy property in Ghaziabad, can search at neighboring localities. While those working in Delhi NCR area can go for well-developed areas like Indirapuram. Raj Nagar Extension can be great choice for people running businesses in areas like Mohan Nagar.