Ghaziabad quickly becomes a hub for both commercial and housing investments on the NH-24. Ghaziabad has already been included in the Central Government's list of future intelligent cities in India, which surely attract even more property interests from all over the country, and indeed worldwide.
The widening of the NH 24 will make Delhi to Noida, Greater Noida West, Ghaziabad, Hapur, and Meerut an enjoyable and congestion-free journey. There are nevertheless many reasons why Flats in Ghaziabad near NH – 24 is the country's most popular property destination.
Flats in NH 24 Ghaziabad has already earned their reputation as a prominent real estate investment option because of the NH 24 passing through Delhi and UP making it a growing realty destination.
Reasons why Flats on NH 24 Ghaziabad is becoming popular among investors:
Price Trends
Over the past three years, there has been an increase in the average real estate rate in localities such as Ghaziabad, Raj Nagar Extension, and Vaishali. In July-Sep 2017, the average "requirements" in these premises increased from Rs 3100 – 4400 to Rs 3300-4800 sqft during the same period in 2020.
The development of NH-24 has been and will continue over the last few years. The area is booked a while ago by the completed areas of Delhi Moradabad and Sitapur-Lucknow. The real estate growth in the surrounding areas is, however, directly related to the completion of the road.
Other factors expected to boost the NH-24 property market include:
Near Delhi: The NH-24 connects Ghaziabad to the Delhi and Noida regions, and Ghaziabad is viewed as a forthcoming residential hub by the builders in Ghaziabad due to the space crash in both Delhi and the well-developed sectors of Noida.
Affordability: Property prices vary depending on the distance to Delhi and Noida in locations on NH-24. The farther the place is, the cheaper it is. While 2 BHK Flats in Ghaziabad are more costly in Trans Hindon communities, such as Kaushambi, Vaishali, or Indirapuram, properties in Old Ghaziabad on NH-24, including Siddharth, Vihar, and the Crossing Republic, are lower as compared to those. These towns are 20-30 percent more affordable than some towns in East Delhi along NH-24.
The social infrastructure of the road may be a long way from Delhi and Lucknow, but it is still relevant. The Rama Super Specialty Hospital and Columbia Asia Hospital, as well as the Relax Hospital, are just a few of the hospitals.
There are also several schools on the road. The schools and schools include RBJ, Vibgyor International, Shree Ganpati Institute of Technology, and LK International Schools. Like the highway itself, it can take some years before these little-known health and education centers gain a reputation for themselves.
As planned development work is progressively complete, demand for home buying and rental along the highway may increase further. For now, the NH-24 would be kept a close eye on those looking for affordable homes and purchasers looking for luxury properties like 3 BHK Flats in Ghaziabad in a middle-income budget area.
