Wednesday, 17 April 2013

Ghaziabad remains investors’ favourite:


With its considerable infrastructural uplift Ghaziabad’s real estate market is attracting investors in huge numbers.  At present, a majority of those investing their money in the city’s property market are investors. Estimates suggest that among buyers, the percentage of investors is as high as 40 per cent.

Investors are willing to invest across categories and budgets. They are making a portfolio of properties for themselves having 2-BHK, 3-BHK and 4-BHK configurations
Investors are also looking at new ways to generate profits from their investments. Thus in Ghaziabad they mainly look for quick sale-quick profit on their investments. Investors in Ghaziabad are frequently buying freshly launched properties and selling them within a short span of time. A property frequently changing hands increases the scope for appreciation.
There are investors who purchase a property in about Rs 45 lac, spend Rs 2-3 lakh in refurbishing the apartment and then sell it for Rs 50-55 lac within two months of buying

Thursday, 4 April 2013

NH-24 Has a Glut in Reality Projects Launches

When we talk about Ghaziabad, the first picture that comes to mind is the development – residential and commercial – taking place near NH-24. It will not be wrong to say that this highway acted as a facilitator for Ghaziabad’s real estate market.
Places that were seen as ‘not-so-chic’ for Delhiites in early 2000 turned out to be the most prized in the NCR. Another factor that is working to enhance the demand is the extension of the Metro line from Vaishali to Arthala.
Some infrastructure projects in recent times like the Metro line and the Anand Vihar rail junction have enhanced the connectivity of these areas; a multilateral flyover at Ghazipur Chowk has also enhanced the area’s profile, making it a preferred destination for homebuyers. Indirapuram, Vaishali , Vasundhara & Crossings Republik are some of the areas in and around NH-24, which are selling like hot cakes. NH-24 came into prominence with the launch of Crossings Republik, where many developers came together to provide affordable houses.