In the real estate industry, prime location is considered as the most important factor that affects all property investment decisions directly or indirectly. In Delhi NCR, Ghaziabad is simply a tale of two prime real estate
locations: National highway 24 and Raj Nagar Extension. The Newsweek has already honored Ghaziabad as one of ten hottest and dynamic cities in the world. Owing to its close proximity to Delhi and Noida, Ghaziabad emerges as one of the prime business and commercial destinations in North India. Both the locations matter the most as they witness all the facilities like malls, hospitals, or schools in close proximity.
The features that make this location best for real estate growth is Metro extension, road infrastructure-FNG Expressway, Eastern Freight Corridor- and Dadri-Noida-Ghaziabad investment zone. With improved social and physical infra project, property investment in NH 24 Ghaziabad will ensure investors better returns.
Raj Nagar Extension: This strategic location is known for peaceful living with other highlights that include Metro extension, Hindon elevated road, biggest green zone near Hindon River and Meerut-Muzaffarnagar industrial area.
Both the locations have managed to respond well to the influx of people. In addition, road widening exercise on NH-24 and NH-58 will give a new meaning to the prospects of real estate in the Center’s smart city.
“Some of the chief reasons that fuelled real estate in Ghaziabad include its strategic location on the Grand Truck (GT) Road. Easy connectivity with Delhi makes it score higher in the preference list of business leaders. After rapid commercialization of Gurgaon and Noida, it is the turn of Ghaziabad to be presented as the potential business destination of India. The evolution of Ghaziabad real estate is at a nascent stage and calls for more investments to take the city to a world class level,” Manoj Gaur, the managing director of Gaursons Ltd and president of CREDAI, Western UP.