Though changes in policies and introduction of new rules have started streamlining the realty business, the continuing effects of increased apartment cost have made buyers to slow down a bit. However, there is still a glimmer of hope in people to buy decent homes in 3 areas of Delhi NCRs, as recommended by experts.
Raj Nagar Extension
This is one area where people can really look for what they want. If you are looking to buy 1 bhk in NCR within range of 15 to 18 lakhs then Raj Nagar Extension is a location in Ghaziabad where a 1 bhk would cost around Rs.15 lakhs and a 4bhk around Rs. 50 lakhs. There are well over 30 builders in this area promoting projects that are really at affordable levels. There are roughly about 20,000 units ready to move in and another 30000 under construction. Ghaziabad authority has submitted proposals to build a flyover offering a good connectivity between Delhi and Hindon Airbase. An area comprising 500 acres along Hindon Airbase have been declared green belt.
Ghaziabad Development Authority has also proposed a 6 lane road bypassing NH 24.While schools & local shopping arcades are present, there are no major hospitals, shopping complexes or malls operational.
This is one of the longest National Highway stretches in India spanning 438 KMs, between the city of Delhi and Lucknow. This is considered one of the important highways of India. There are close to 13 Residential projects offering 4500 units approximately. Another 21000 units are under construction. The area has a large number of integrated townships that offer schools, ATMs, hospitals and shopping facilities. Furthermore, the Delhi Metro is getting extended up to the Ghaziabad new bus station.
The proposal to convert the 6 lane to an 8 lane one will definitely ease the traffic in future. The nearby healthcare facilities include Columbia Asia Hospital among the others. There are many educational institutions such as Ryan International school, IMS Ghaziabad etc.
Greater Noida West
Noida is one of the locations well known to people for decades together. There are about 250 residential projects in Noida offering a wide range of choices for people. There are more than 80 prominent developers doing construction here. This city has a mixture of low and high-rise buildings offering 1, 2 and 3 bhk flat or apartments to cater to the taste of buyers. There are plans to develop and handover 2.5 lakh houses in the next 2 years or so.
The advantages here include
FNG Expressway to improve connectivity between Noida and Ghaziabad.Proposals are in place to make highways wider than they now are. There are many reputable educational institutions in the nearest vicinity.
There are expert opinions that property in Noida, Raj Nagar Extension and NH 24 are 3 main areas where prices are currently affordable with a good chance of appreciation in future. Noida and Greater Noida will also join this list as they have their side of advantages.