Ghaziabad: Grabbing Limelight
With development taking place all over India and price index reigning high, people are finding it difficult to locate the right places to invest. Some of the best choices to have come up are in Ghaziabad, where property prices are still within reach. And, NH-58 cutting across Ghaziabad makes it very alluring for the middle class looking for houses within their budget.
Sunil Jindal, CEO of SVP Group, says the overall development is pushing prices here too, but one can still get plenty of affordable real estate choices. "In Delhi and NCR, we have places like Sonepat, Baghpat, Bhiwadi, Greater Noida, Faridabad, New Gurgaon, and Meerut. However, Ghaziabad scores over them on account of its proximity to Delhi and because of the proposed development that is going to take place in the near future. Noida and Gurgaon are now almost out of reach of the middle class on account of their exorbitant prices. As Delhiites are used to a certain kind of lifestyle, Ghaziabad fits the bill - it is going to have its own `India Habitat Centre' and the Metro will soon touch the city. The development it is going to see in future makes it the destination to go for."
Currently, other NCR towns like Noida, Greater Noida and Gurgaon have all the requisite facilities but during the boom time these towns overshot all reasonable price ceilings, and even if prices fall, they will still remain expensive and beyond the means of most. Ghaziabad, on the other hand, still has pockets that are in the range of a middle class person's budget. And, by choosing this destination, a buyer will not lose out on the lifestyle that he/she is used to in Delhi, given the developments that the authorities have planned for the city traffic - building new flyovers, ushering in the Metro, creating parks, widening roads, among a host of others.
Rakesh Yadav, MD of Antriksh Group, believes that while the earlier phase of economic boom also touched Ghaziabad and prices are being pushed up here too, one can still see the need for development. "The problem with development in North India is that the government has not worked more in providing a decent public transport system for the people. If we want our people to move to the places near Delhi, we have to provide them with the connectivity. Once that is taken care of, no one will want to clog Delhi. See, people work in London but they stay in the countryside, because they have been provided with good infrastructure and connectivity. The Metro will do a lot of good to Ghaziabad. Roads, sewerage system, better law and order are some of the crying needs that have to be addressed immediately. From Ghaziuddinnagar to Ghaziabad, the place has transformed a lot. The growth can be gauged by the fact that its status was upgraded from that of tehsil (county) to a separate district. Once ranked 6th in Newsweek's list of 10 most dynamic cities in the world, it is well connected to the rest of the country. The development authorities have laid special emphasis on strengthening the base and developing the social and physical infrastructure of Ghaziabad."
Ram Bahadur, vice-chairman of Ghaziabad Development Authority, says that today, among the most important places to invest in Ghaziabad are along the National Highway 58 as this stretch has been seeing a lot of development and has great investment potential. "For any one looking out for an affordable house, this stretch promises a lot. Many developers are coming out with projects on this stretch to meet the burgeoning demand of the middle class," says Bahadur.
Ghaziabad has managed to respond well to the sudden influx of people and capital into the realty sector. The adjoining areas of Ghaziabad like Kaushambi, Vaishali, Indirapuram and others are also witnessing tremendous growth in the residential property market. Kaushambi is dotted with many townships, offering luxury condominiums and multiplexes.
The Ghaziabad authorities have started widening the expressway roads, constructing bridges, besides widening several internal as well as peripheral roads. Several flyovers are under constructions or in tendering process, which will make several roads signal-free and smoothen traffic in a big way. As far as public transport is concerned, authorities are focusing on increasing the number of buses and minibuses, says Bahadur.
There are several other infrastructural project on the anvil, like: a new road connecting NH-24 to NH-58 at the estimated cost of Rs 100 crore; extension of GT Road to NH-58 via Noor Nagar, along the Hindon embankment at Rs 100 crore; Master Plan road near Kharera village along Hindon river, which will be 45 feet wide with a bridge over the Hindon, estimated to cost Rs 200 crore; Karheda lane roads between NH-24; 8 km Milestone, which will cost Rs 50 crore. Besides, a rail overbridge is proposed near Diamond Chauraha to Ghaziabad-Hapur rail section at a cost of Rs 25 crore. These projects once commissioned will change the face of the city.
GDA has been developing an herbal park beside the Indrapuram Swarn Jayanti Park. Ghaziabad Haat is another project that will attract lovers of art and artifacts. Besides, a new auditorium is also planned on BOT basis.
The best thing about Ghaziabad is the forward thinking of authorities here. "GDA has given over the old infrastructure, which were earlier developed by it, to private developers.
So, you see in that way the region will benefit with some good living options. The quality of life will improve. I must say that this region will come up really well, once the Metro project is through.
Besides, GDA has plans for a India Habitat Centre, a railway station at Anand Vihar, among others. It is anybody's guess how this place is going to shape up in the coming years," adds Rakesh Yadav. For Delhi, Ghaziabad occupies the same place that Navi Mumbai shares with Mumbai.
Source: Times Of India
Sunil Jindal, CEO of SVP Group, says the overall development is pushing prices here too, but one can still get plenty of affordable real estate choices. "In Delhi and NCR, we have places like Sonepat, Baghpat, Bhiwadi, Greater Noida, Faridabad, New Gurgaon, and Meerut. However, Ghaziabad scores over them on account of its proximity to Delhi and because of the proposed development that is going to take place in the near future. Noida and Gurgaon are now almost out of reach of the middle class on account of their exorbitant prices. As Delhiites are used to a certain kind of lifestyle, Ghaziabad fits the bill - it is going to have its own `India Habitat Centre' and the Metro will soon touch the city. The development it is going to see in future makes it the destination to go for."
Currently, other NCR towns like Noida, Greater Noida and Gurgaon have all the requisite facilities but during the boom time these towns overshot all reasonable price ceilings, and even if prices fall, they will still remain expensive and beyond the means of most. Ghaziabad, on the other hand, still has pockets that are in the range of a middle class person's budget. And, by choosing this destination, a buyer will not lose out on the lifestyle that he/she is used to in Delhi, given the developments that the authorities have planned for the city traffic - building new flyovers, ushering in the Metro, creating parks, widening roads, among a host of others.
Rakesh Yadav, MD of Antriksh Group, believes that while the earlier phase of economic boom also touched Ghaziabad and prices are being pushed up here too, one can still see the need for development. "The problem with development in North India is that the government has not worked more in providing a decent public transport system for the people. If we want our people to move to the places near Delhi, we have to provide them with the connectivity. Once that is taken care of, no one will want to clog Delhi. See, people work in London but they stay in the countryside, because they have been provided with good infrastructure and connectivity. The Metro will do a lot of good to Ghaziabad. Roads, sewerage system, better law and order are some of the crying needs that have to be addressed immediately. From Ghaziuddinnagar to Ghaziabad, the place has transformed a lot. The growth can be gauged by the fact that its status was upgraded from that of tehsil (county) to a separate district. Once ranked 6th in Newsweek's list of 10 most dynamic cities in the world, it is well connected to the rest of the country. The development authorities have laid special emphasis on strengthening the base and developing the social and physical infrastructure of Ghaziabad."
Ram Bahadur, vice-chairman of Ghaziabad Development Authority, says that today, among the most important places to invest in Ghaziabad are along the National Highway 58 as this stretch has been seeing a lot of development and has great investment potential. "For any one looking out for an affordable house, this stretch promises a lot. Many developers are coming out with projects on this stretch to meet the burgeoning demand of the middle class," says Bahadur.
Ghaziabad has managed to respond well to the sudden influx of people and capital into the realty sector. The adjoining areas of Ghaziabad like Kaushambi, Vaishali, Indirapuram and others are also witnessing tremendous growth in the residential property market. Kaushambi is dotted with many townships, offering luxury condominiums and multiplexes.
The Ghaziabad authorities have started widening the expressway roads, constructing bridges, besides widening several internal as well as peripheral roads. Several flyovers are under constructions or in tendering process, which will make several roads signal-free and smoothen traffic in a big way. As far as public transport is concerned, authorities are focusing on increasing the number of buses and minibuses, says Bahadur.
There are several other infrastructural project on the anvil, like: a new road connecting NH-24 to NH-58 at the estimated cost of Rs 100 crore; extension of GT Road to NH-58 via Noor Nagar, along the Hindon embankment at Rs 100 crore; Master Plan road near Kharera village along Hindon river, which will be 45 feet wide with a bridge over the Hindon, estimated to cost Rs 200 crore; Karheda lane roads between NH-24; 8 km Milestone, which will cost Rs 50 crore. Besides, a rail overbridge is proposed near Diamond Chauraha to Ghaziabad-Hapur rail section at a cost of Rs 25 crore. These projects once commissioned will change the face of the city.
GDA has been developing an herbal park beside the Indrapuram Swarn Jayanti Park. Ghaziabad Haat is another project that will attract lovers of art and artifacts. Besides, a new auditorium is also planned on BOT basis.
The best thing about Ghaziabad is the forward thinking of authorities here. "GDA has given over the old infrastructure, which were earlier developed by it, to private developers.
So, you see in that way the region will benefit with some good living options. The quality of life will improve. I must say that this region will come up really well, once the Metro project is through.
Besides, GDA has plans for a India Habitat Centre, a railway station at Anand Vihar, among others. It is anybody's guess how this place is going to shape up in the coming years," adds Rakesh Yadav. For Delhi, Ghaziabad occupies the same place that Navi Mumbai shares with Mumbai.
Source: Times Of India