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2018 was a year of recovery for real estate
business after a dismal 2017, largely because of apprehension among buyers and
regularization of real estate dealings following introduction of RERA and GST. In
2018, the growth in realty was worthwhile in Ghaziabad together with Delhi NCR.
In fact, Ghaziabad emerged as the principal area for realty development.
With Delhi, Noida, and Gurgaon running out of space, Ghaziabad became the next area of real estate development. The entire skyline of this U. P. town has changed over the last few years. In addition to flats for sale in Ghaziabad there also are duplex houses and commercial properties. The growth of realty business has really been noticeable with companies investing immensely.
Reasons behind this growth
- Ghaziabad is close to New
Delhi, Noida, Gurgaon, and Faridabad. Geographically it is connected to three
Indian states: Delhi, Haryana, and Uttar Pradesh. New offices that have come up
in these Delhi NCR that included Noida and Gurgaon in addition to Delhi are
easily reachable from Ghaziabad. It is also close to Faridabad, an important
industrial area in U. P. near Ghaziabad and Delhi. Being close to commercial
and industrial locations, Ghaziabad naturally flourished as a place for
development of residential apartments, and houses.
- A great advantage about
residing in this place is its Metro connectivity. The construction of this fast
and safe transit system is being expanded to New Bus Stand from Dilshad Garden.
After completion of this stretch the demand for 2 and 3BHK flats are expected
to soar considerably.
- Compared to Noida and
Gurgaon, which are already congested, Ghaziabad has more space to offer. Real
estate prices relatively are lower in Ghaziabad as compared to other regions of
Delhi NCR. Cost-effective housing option is a definitive advantage of this
Flats for sale in Ghaziabad have the potential of meeting the demands for every segment of buyer: economy, mid range, and affluent. Planning an investment in realty in this U. P. town is highly rewarding.