Right from slashing the traveling time, to decongestion of traffic and improved connectivity, the NH 24 widening project is simply a boon to the Ghaziabad’s real estate market. People from all over India are keen to invest in high yielding property in Ghaziabad, as the city is the major residential hub in NCR region.As far as NH 24 is concerned, it has always been one of the most appreciated realty hot spots in Ghaziabad, and right from the day the widening project has started, there has been a considerable upsurge in the property rates plus queries from potential home buyers.According to the President of CREDAI-Western U.P. “This widening project will greatly help in decongesting Delhi, provide a smoother ride throughout the stretch and allow an unprecedented realty growth of NH 24 and its adjoining regions such as Noida, Greater Noida West and micro pockets of Ghaziabad such as Indirapuram, SiddharthVihar, Crossings Republik, Raj Nagar Extn. and others. There will now be a sudden rise in demand for residential property across this stretch in the upcoming few months.”
Hence, there’s no denying the fact that if you purchase flats in NH24 Ghaziabad, it is gonna be the most strategic decision you could ever make.
Great Impact On Property Rates
Most probably by 2019 or 2020, the project would be finished completely (69% of work is currently remaining, and is under progress). Once it is completed, there would be a massive leap in the property rates, not just in NH 24, but also in the adjoining or nearby areas.
People who have already purchased flats in these regions will certainly be at a profit side. This is because the property rates, at present, are quite feasible to be afforded even by a person with a tight budget. So, you’ll be purchasing the flats in Ghaziabad at a much lower rate today, and by the time, the widening project gets completed, the rates and the value of the property would multiply by several times.
Top micro markets that will experience a hueg impact on property prices, include, but are not limited to the following –
- Rajnagar Extension
- NH 24
- Siddhartha Vihar
- Crossing Republik
So, what are you waiting for? This new year hits the real estate market, book your flat(s) at any of these top locations. If you are looking forward to continuous long term benefits, Raj Nagar Extension and NH 24 can be the perfect choice.