Ghaziabad Real Estate: a Hot Bed

By: George Gonigal

The NCR (National Capital Region) town of Ghaziabad is undergoing the preliminary phase of rapid economic growth and real estate development. A number of companies in manufacturing and services sector are making huge investments in the city, thereby making it the hotbed for growth and development.

According to real estate consultants, Ghaziabad has a sea of opportunities in store, both from the demand and supply sides. The city enjoys a good connectivity advantage to Delhi. Industry experts believe that, in the next five years the city will have the best infrastructure in the NCR.

Ghaziabad is now seen as a place to Delhi what Navi Mumbai has now become for Mumbai. Today, the city has become an educational hub. It is expected to create a big pool of talent. Hence in the coming years, many companies would break through into Ghaziabad generating huge employment opportunities thus increasing demand for affordable accommodation. Considering that in Master Plan 2021, Ghaziabad Development Authority has talked of providing a total of 2.6 lakh houses for a population of 23 lakh for which it is inviting private developers also.

From the real estate investment perspective, there are two principal roads in Ghaziabad, one is National Highway 58 and the other is National Highway 24. These two stretches are witnessing a lot of development and have good investment potential. Moreover, the Ghaziabad Development Authority (GDA) is upbeat on infrastructure development of the city. Localities like, Indirapuram are sound examples, of how GDA is taking up initiatives for a wholesome development plan for the city to put Ghaziabad on the world map along with the other top real estate destinations.

Besides, the metro route planned for Ghaziabad, which will be linked from Anand Vihar to Vaishali navigating Kaushambi has soared up residential as well as commercial property prices in Ghaziabad. In addition the Commonwealth Games to be held in Delhi in year 2010 are going to set forth trends in .

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