Over the past few years, Ghaziabad has become the current destination for buyers and property investors. Ghaziabad has seen tremendous growth in terms of property and infrastructure development since the last decade. The city has been thriving, bringing the dreams to a phase of reality by catering to the customers’ needs and requirements that it has been promoted as the “Gateway of Uttar Pradesh” emerged as a property hub.
Ghaziabad is known as one of the top aspirants in the Delhi, NCR, an amalgamation of the old and new owns the properties with facilities and amenities. The number of residential flats and other properties has led people to lean towards Ghaziabad as the perfect destination for investment and plentiful housing options.
Several factors have played a contributory role in bringing Ghaziabad realty market to make the above curve.
Few are the best reasons to invest in Ghaziabad real estate sector are:
1) Affordable Housing
Ghaziabad is a strategic location that shares seamless connectivity to Delhi, Faridabad, and Meerut. It is known as the largest city of western Uttar Pradesh, close to Delhi. The Faridabad-Noida-Gurugram (GNG) expressway is also the further best upcoming connectivity provision for the daily commuters to beat the traffic and have smooth connectivity. The expressway is 56 km long with six lanes, an under-construction project. The enhanced metro connectivity within Ghaziabad and other parts of Delhi is another significant reason for investors to invest in real estate properties. Rapid Rail Transit is another major project that the city is boasting about to boost Ghaziabad’s connectivity. The RRTS from Delhi to Meerut will move through Ghaziabad and extend to 16 areas of NCR, covering 92 km in around 50 minutes. Air connectivity will also be increased once the proposed Jewar Airport is operational.
2) Ghaziabad: A Developing Smart City
Ghaziabad is planned to be developed as the next smart city. The government is also participating and taking initiatives to make the town boost its infrastructure and other developments. Multiple projects in the pipeline include:
A water treatment plant.
Rain harvesting system.
Metro and monorail.
Rapid network services.
Enhanced road network.
By significant actions and initiatives taken by the government and the city’s people, Ghaziabad has come up as the cleanest place of NCR, according to a recent survey under ‘Swach Bharat Abhiyan.’
The builders have led the properties to build, keeping every requirement in mind. Ghaziabad is home to multiple schools, reputed colleges, and o=educational institutes. There are well-known hospitals with well medical facilities. The presence of spectacular malls has made Ghaziabad a perfect location for residential and commercial property investors.
5) Increasing employment opportunities
The development of properties, commercial and residential, has increased the employment opportunities in the city. Many blue-chip companies are shifting to Ghaziabad. Various companies are willing to enter the space that will increase employment chances.
Undoubtedly, Ghaziabad has become one of the fastest-growing investment destinations in the country, progressing due to its improved connectivity, infrastructure, and affordable rental.
The increasing rentals and the residential mass of Delhi are now shoving people to invest in properties in Ghaziabad.
Migsun Roof, Migsun Atharva, Migsun Migente are a few of the significant projects of the Migsun Group that thrives to offer comfortable spaces within your investment region with a higher rate of returns.
With all these developments going around, property in Ghaziabad is expected to give higher returns in future. Investing today can provide great returns tomorrow.