Ghaziabad Realty Market – Why it is an Ideal Time to Invest Here

By Prateek Tiwari, Managing Director, Prateek Group
Ghaziabad / October 26, 2024: Ghaziabad, once known as the peripheral area of Delhi, has now become vital to NCR. The city is making significant strides in the residential real estate market amid rising housing demand over the last few years. Emerging as a key player in the region’s real estate market, Ghaziabad is experiencing increased activity driven by major infra upgradation and connectivity. Its strategic location has further fueled the demand across various housing segments, offering a balanced mix of accessibility and lifestyle and making it an increasingly ideal destination for investment.

To begin with, the government’s focus on infrastructure development has further boosted Ghaziabad’s appeal and enhanced its liveability index. Key projects like the Delhi-Meerut Expressway, FNG Expressway, RRTS, and expanded metro connectivity with Noida and Delhi have drastically improved the city’s accessibility to major hubs. These developments have reduced travel time and improved the overall commute experience and, therefore, are expected to drive more interest from investors seeking long-term value and growth.

Further, Ghaziabad has emerged as one of the preferred destinations for premium and luxury residences owing to its proximity to prime markets in Delhi-NCR. However, a recent hike of 15% in Ghaziabad’s circle rates is expected to impact property prices. As a result, the city holds immense potential for property price appreciation, making it a compelling option for investors. With the region becoming more integrated into the broader NCR ecosystem through enhanced connectivity and infrastructure development, Ghaziabad offers attractive rental yields and promising long-term returns, positioning it as a highly lucrative investment destination.

Moreover, several micro-markets are shaping Ghaziabad’s real estate landscape, driving growth and attracting homebuyers and investors. Among all of them, Siddharth Vihar emerges as a flourishing real estate hub, witnessing increasing demand for premium housing. With its strategic location and proximity to key infrastructure developments, this area offers excellent potential for price appreciation. Other micro-markets like Raj Nagar Extension and Indirapuram continue to attract interest due to ongoing development projects and improved connectivity.

Additionally, it is becoming a preferred choice for professionals working in Noida and Delhi, who are drawn to the region due to its strong connectivity and lifestyle it offers. Hence, this growing interest and the city’s evolving infrastructure position Ghaziabad as a promising market for long-term appreciation.

The ongoing development of infrastructure and amenities is set to sustain Ghaziabad’s growth trajectory in the real estate sector. As the region becomes increasingly liveable, it features modern developments and premium housing options that cater to the needs of contemporary residents. All these factors collectively solidify Ghaziabad’s reputation as a promising investment, making it an ideal location for real estate investments.