The most important thing for a real estate investor or a buyer is to check out the current property rates and price trends in a given location. With Ghaziabad, continually evolving as the star location in the NCR region, one cannot put eyes off the property in Ghaziabad. So, if you are eager to make an investment in Ghaziabad and wondering about the present market scenario, read on this blog to find out everything.
This blog uncovers the major property rates & price trends in NH 24, Ghaziabad – 2019. Scroll down to get started.
What Reports Convey About NH 24
As per the current price movements, the investors must know that buying flats in Nh 24 is at the downward trend, while selling properties enjoy an upward trend. The most important highlights are mentioned below –
- Total number of residential properties in NH 24 is almost around 5308.
- The most expensive NH 24 flat is around ₹ 25.00 crore.
- The average price of NH 24 flats is around ₹ 36.17 lacs.
- The starting price of NH 24 flats is around ₹ 3.50 lacs.
- 5 localities show an upward trend.
- 4 localities show an upward trend.
Sale Price Trends in NH 24
|Apr-Jun 2019||Multistory Apartment||Residential Plot||Builder Floor Apartment|
|Highest Locality Price||₹ 4,142 per sq.ft||₹ 25,988 per sq-yrd||₹ 3,183 per sq.ft|
|Average Locality Price||₹ 3,393 per sq.ft||₹ 20,752 per sq-yrd||₹ 2,621 per sq.ft|
|Lowest Locality Price||₹ 2644 per sq.ft||₹ 15,515 per sq-yrd||₹ 2,058 per sq.ft|
Now, when you are aware of the major price trends, its time to get an overview of other trends that follow.
Rental Trends Are Likely To Come To The Upfront
Metropolitan cities are expected to witness new projects getting launched every year. As a result of this, buying patterns and marketing rules are rapidly changing. With RBI funding the government expenditure programmes and chronic inter-bank deficit, there are chances that the regulator might increase the rate of interest in 2019.
Further, rental trends are expected to get a boost majorly due to the young professionals, who shift to NCR in search of a job. The demand for corporate leasing is also on a rise, which will eventually drive rental trends in luxury housing.
Finally, you as an investor, must note that the improved connectivity in and near NH 24 (flat in Rajnagar Ext) is sure to bring luck for the investors and buyers. The rates of properties are expected to rise and people who have rented out their properties are expected to earn more rental income.
Its time to frame a good decision regarding property investment. Think wise, invest wise..!!