2018 is seen as a promising year in the growth of Delhi NCR Real Estate Market. Even after an overall slowdown last year or major reforms, such as GST, RERA and demonetization, the realty sector has managed to revive its position in 2018.
Reports say that the investments in retail and residential market are quite active in this year, and are expected to increase with time. The real estate market of Delhi has also seen an upsurge in property demand. However, the capital city isn’t able to fulfill the “affordable housing” needs of middle class individuals.
This is why property investors or home buyers are becoming more interested in NCR, especially Ghaziabad.
Why Invest In Property In Ghaziabad?
With continuous developments in the city and focus over ‘affordable housing’, Ghaziabad has emerged as the ideal choice of most of the home buyers. Right from the beginning of this year, the sales off real estate property in this city has been incredible. Be it for mere investment or living purposes, Ghaziabad has attracted thousands of eyeballs within a very short span of time.
Hence, if you too are planning to purchase flats in Ghaziabad, this is the right time.
Here are some of the major reasons why you should definitely invest in Ghaziabad –
1. Close To Metropolitan Cities
Ghaziabad is located in close proximity to Delhi, Haryana, Noida, Gurugram, Faridabad and various other major cities. Hence, most of the buyers, who have their workplaces in one of these cities, prefer to buy a residential property in Ghaziabad.
2. Cost Effective
As mentioned above, buyers are interested more towards affordable housing solutions. The property rates in Delhi and different regions of NCR are soaring high in their prices. Hence, people look towards Ghaziabad to satisfy their needs for cost-effective housing. The property in this smart city is not just affordable, but also lucrative in terms of returns on investment.
3. Metro Connectivity
Apart from Delhi, Noida And Gurugram, metro connectivity is also available in Ghaziabad, making it easy for the residents to commute. At present, metro expansion from Dilshad Garden to New Bus Stand is in its construction phase, and will soon be completed. This metro expansion is also stated as one of the reasons for increase in demand of 3 and 2 bhk flats in Ghaziabad.
To be very short and crisp, Ghaziabad carries the potential of meeting all types of housing needs of both high and middle class society people. So, planning an investment in Ghaziabad’s realty market is certainly a smart move in 2018.