Property In Ghaziabad » Real Estate in Ghaziabad

Ghaziabad has been witnessing an extensive growth in the past few decades with the emergence of diverse industries and various multi-national companies of the fields of banks, insurance, IT and Telecommunication in Ghaziabad city. The commercial real estate market of Ghaziabad has undergone extensive growth as a result of its developing commercial centers such as Raj Nagar District Centre, fourteen flyovers, which are under construction, upcoming retail hubs and connectivity via metro rail.

The development of commercial properties in Ghaziabad is influencing the real estate market of the nearby residential areas like Kavi Nagar and Raj Nagar. At present, a plot of land is sold at Rs.50, 000 per square yard. The residential real estate market in Ghaziabad is also witnessing a tremendous growth as prices have soared up to great heights in the past few decades. Residential units in Hapur, Indirapuram and Vaishali are sold at Rs.3, 000-4,000 per square feet. Many upcoming real estate projects are coming up in the Ghaziabad city.

The boom witnessed in the real estate market of Ghaziabad is an obvious one as people are willing to buy property in Ghaziabad, as they cannot afford the high rates in Delhi. Moreover, people also wish to stay away from the noise, hustle and bustle of Delhi and as a result most of the people live in Delhi, but stay at Ghaziabad.