How Ghaziabad Triumphs as a Coveted Real Estate Hub in NCR

For investors in the National Capital Region, there are a lot of options when it comes to choosing a real estate property. The reason behind this is the concentrated market with way too many options and too many regions to invest in.

All of these have their own likes and dislikes and cater to different types of investors at different budgets. However, there are a few areas where investments are worth it for investors of all types.

One such coveted area in NCR is Ghaziabad. That’s slowly but steadily earning its position as a dope choice for luxury properties, which comes as something new to the investors.

Therefore, today, let’s explore Ghaziabad and see what makes the city a prominent destination for investors looking for luxury residential properties.

What makes Ghaziabad a great place for investors?

Ghaziabad is nestled quite strategically, making it a decent choice for residents working in eastern Delhi and Noida. Since the real estate market of the capital city and neighbouring cities like Noida is soaring rapidly to new heights, Ghaziabad serves as a great alternative.

The multimodal connectivity makes it easy for people to commute to all major working destinations within the cities. Apart from functioning as a satellite city, Ghaziabad itself has a manufacturing and engineering hub with behemoths like Tata Steels and Mohan Meakins running their manufacturing units.

However, another factor that has influenced the market of luxury residential properties in Ghaziabad is its affordability and the price at which properties are available, making it a considerate choice for the middle and upper-middle-class population.

Factors influencing the rise of real estate in Ghaziabad:

• Fast infrastructure development in terms of elevating physical infrastructure like schools, healthcare facilities, and improved connectivity
• A growing hub for education and employment
• Increasing focus on planned development and smart city initiatives
• Eco-friendly and sustainable development for a future-ready lifestyle
• Affordable cost of living is a major boost to real estate investors, especially for those belonging to the middle and upper-middle-class category.
• Inauguration of Rapid Rail Transit System and commercialisation of Hindon Airport to boost the economy of the region.
• Safe real estate investment choices with RERA (Real Estate Regulatory Authority) and GDA (Ghaziabad Development Authority) approved properties and projects.

Best investment choices in Ghaziabad

Ghaziabad currently has many newly launched projects in both residential and commercial segments. The rising popularity of township development has reached the city, and top developers, mainly Gaurs Group, are leaving no stone unturned to take the real estate dynamics of the city to new heights.

Below are some of the top luxury residential properties in Ghaziabad that you should check out if you are looking forward to making a high-value investment.

• Gaur Airocity: A township nestled right next to Hindon Airport with commercial and residential properties for sale in Ghaziabad. The major attraction of the property is its location, which is just 2.7 km from Delhi.
• Gaurs Group is also coming up with a new luxury project in Ghaziabad known as Gaur New York City that’s too good to be true, given the price it asks and the amenities and facilities it boosts.
• Wave City: A township adjacent to NH-24 demands your attention in every bit. It boasts many top developments in Ghaziabad and is one of the most alluring hi-tech township projects spread across 20 million square meters. The connectivity here is a breeze, and the properties available here are brought by some of the finest developers in the game.

Making the most profitable investment in Ghaziabad

If you are looking forward to making a real estate investment in Ghaziabad, you will be confused by the endless possibilities it offers.

As such it is very important as an investor to make sure that you are well aware about the real estate dynamics and how you can book the best investment deal for yourself. Hence, here are some of the top tips that are time and tested for profitability; if done right!

• Study the market before deciding if you want to invest.
• Invest in RERA-approved properties only with RERA-registered real estate brokers and consultants.
• Make sure you understand the total cost of the property, including the additional charges like the GST, stamp duty, registration fees and more.
• Choose under-construction property over ready-to-move if you are looking to make long-term capital gains.
• Know the tax implications of the property early on so you can maximise saving on your taxes.

Wrapping Up

Ghaziabad is slowly gaining momentum and is on the verge of transforming into a real estate hub. If you are an investor who wants to book high-value investments, this is a great time to invest. Many new projects have been launched recently.

Affordable pricing and top connectivity through road, rail, metro, and airway make luxury residential properties in Ghaziabad a win for investors of all types. Hence, invest in Ghaziabad today for long-term appreciation in NCR.