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Ghaziabad is among those highest revenue-generating cities of Uttar Pradesh, which is home to every type of industry, and at all levels. Emerging as a preferred realty destination in the national capital region, the realty segment of Ghaziabad scores high with the new launches across different segments. Leading builders like Wave Infratech, Gardenia Group and Amrapali Group, are already riding the wave of success by investing in the plots in the neighboring areas. The builders are looking forward to earn good returns because of the soaring rate of property in this stretch. New development work is planned, which includes construction of a 22 km long link road connecting Greater Noida and Ghaziabad, improving the chances of real estate activities in the area. It is an initiative by the Ghaziabad Development Authority (GDA) to improve the inter-regional connectivity. The link road will solve the commuting problems of the people who commute from Ghaziabad to Noida, and will reduce traffic congestion on the NH-24, while reducing the travel time as well. Alike other expressway projects, this will also attract more and more developers to launch their new projects in this area and make the area a preferred destination for those who are considering to invest in Noida or Ghaziabad. Trans-Hindon Colonies such as Indirapuram, Kaushambi, Surya Nagar, Vasundhara and Vaishali, Raj Nagar Extension, NH 24, Govindpuram, as well as Mohan Nagar are some of the popular localities in the region. New Launches GDA has allowed around a number builders to start up their construction work of residential units, high and low-rise buildings, and independent homes on the allotted lands. Such projects are expected to meet the housing demands coming from the population of 10 lakh. The market watchers suggest that more than two lakh residential units will be delivered by 2018. Take a look at some of those new launches in the city. Nandini The Vasundhara Grand Nandini The Vasundhara Grand is one of the popular residential projects in Vasundhara, Ghaziabad. Developed by Nandini Buildhome Consortium, this project offers thoughtfully constructed 2 – 4 BHK apartments. Properties here are available in the area range of 1280 – 2250 Sq. Ft., and have a price bracket of Rs. 66.56 lakh - Rs. 1.17 crore. Possession is due in February 2018. Ajnara Integrity Located in Raj Nagar Extension, Ghaziabad, Ajnara Integrity is the new residential project by the renowned Ajnara Group. Offering the best of industry specifications, the project offers meticulously designed 2 – 4 BHK residential apartments. Located close to the central business district of Ghaziabad, the project is spread across 10 acres, with over 80% of the open spaces for developing pedestrian pathways and green belts. The project has 12 residential towers and offers a total of 2800 units. The homes are available in the area range of 815 - 1775 Sq. Ft. and have a price bracket of Rs. 24.25 lakh to 60.31 lakh. Ajnara Integrity is a ready to move in project. The Takeaway Comparing the realty segment of Ghaziabad and Noida, the latter is much developed than former and has better infrastructure, however, the property rates in Ghaziabad is lower, hence can be a good option for the buyers looking for affordable properties in the NCR. Rashmi Karan is a writer and illustrator. Her areas of interest are the area and city specific real estate scenario of the Indian cities. Her articles about the real estate offer exhaustive information on the related topics.
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