Ghaziabad’s Strategic Location and Infrastructure Upgrades Drive Luxury Housing Market: Realtors

Ghaziabad / September 24, 2024: As a major part of the NCR, Ghaziabad, is well-known for its economic realty sector, owing to its strategic location, well-developed infrastructures, and promising economic outlook. The city’s infrastructure has undergone massive development through road widening, expansion of the metro, and development of expressways that enhance connectivity within the city and neighbouring regions. This connectivity-enhancing measure has created smooth commuting standards, reducing travelling to key urban areas like Delhi, Noida, and Meerut simultaneously with an upward movement in the city’s realty market, particularly in luxury housing, some of the top real estate developers in the area said. 

All upgrades in connectivity are paving the way for Ghaziabad to become a highly sought-after destination for both homebuyers who yearn for luxury living and investors seeking to bet upon all its growth potential. With much faster and more efficient transport links into Delhi, Noida, and other key cities in NCR, Ghaziabad has emerged as an attractive alternative for professionals seeking upscale living without the congestion of central Delhi, they added. 

Gaurav Gupta, General Secretary, CREDAI NCR, says, “The continuous upgrades in Ghaziabad’s connectivity, from metro expansions to new expressways, transform the city’s realty market. With more professionals seeking homes with better access to key NCR cities, this strategically located and well-planned city attracts buyers, thus positioning Ghaziabad as a market for real estate investments. Thus, we anticipate heightened interest from homebuyers and investors, positioning Ghaziabad as a city that offers both quality of life and strong return on investment.”

Prateek Tiwari, MD, Prateek Group, says, “Ghaziabad’s improved connectivity and enhanced infrastructure is attracting affluent buyers who are increasingly seeking luxury homes in the city. Due to the further expansion of connectivity in the city, they can easily access the key areas of NCR. This has further increased the demand for luxury homes, placing the city among the promising regions for luxury living and investment purposes. Thus, with the continued development, we look forward to rafting high-end projects in the city, contributing to the demands of wealthy buyers and investors.”

Jitendra Goyal, Sales Director, Trisol RED, says, “The introduction of Ghaziabad’s transit-oriented development (TOD) policy is set to redefine the city’s urban landscape. The increased floor area ratio, along with the encouragement of vertical growth within transit corridors, will unlock massive real estate potential, accommodating more residents and businesses. Enhanced connectivity, particularly through the RRTS and metro networks, will further position Ghaziabad as a magnet for developers and investors.”