GDA asks Realty Developers to Furnish Project Details or Face Consequences

Ghaziabad Property

Real estate developers in Ghaziabad have been slapped with notice on account of their failure to comply to the UP Apartments Act. Ghaziabad Development Authority(GDA) has decided to take stern action against all the defaulters in light of the increasing unscrupulous activities on their part. Of late, about 30 developers have been asked to furnish all the necessary details of their projects. The realtors are expected to furnish information about title deed, number of floors, plot size, and other important details that are invariably concerned to buyers.

According to GDA, there are more than 150 projects for property in Ghaziabad that are currently into construction. In order to safeguard buyers' interests, the authority shall do its authentication part for the information that these seekers shall furnish. Action shall be taken all those realtors who submit incorrect details of their projects; their identities shall be revealed online so that property-seekers can keep protect themselves from falling  into traps of these fraudsters.

In order to keep the buyers and investors well-informed, GDA has also decided to upload names of developers that transgress construction rules over its website. The GDA'a site shall mention names all those property projects that have been sealed on certain account. The layout plans that do not conform to the set rules shall also be made public. The site shall assist end-users know of the Ghaziabad property projects that are unauthorized. Such a step is expected to bring about transparency in the otherwise dismal state of affairs.

To locate Ghaziabad properties, one can look into India property sites.  

Major Growth Factors for Properties in Ghaziabad

Property in Ghaziabad at Makaan.com

One of the fastest growing cities of Uttar Pradesh, Ghaziabad 's realty graph has been quiet promising. The rapid rate of residential and commercial developments, emergence of integrated townships, and improved connectivity enthused city's real estate segment. Today, it stands as one of the best alternative options for seekers of properties in Delhi NCR.

Some of the prime localities where buyers can make a search for property in Ghaziabad are Crossing Republik, Indirapuram, Vaishali, Raj Nagar Extension, and Kaushambi. Rapid industrialization and well-planned development have worked in favor of city's real estate so much so that today, it has become a coveted destinations for realty investment. The presence of huge land parcels, affordable pricing, and improved connectivity have gone very well with realty market.

Indirapuram, a preferential locality for seeking Ghaziabad properties, is conveniently located on National Highway-24, making it easily accessible to Noida and Delhi. It is one of the prime residential localities and has seen some terrific real estate growth in las decade. Crossing Republic, another sub-city, too is a high-end locality. Developed by a group of 7 reputed builders, Crossing republic is an integrated city project. Spread over 360 acres, it extends up to Greater Noida. 

Raj Nagar Extension is yet another residential hub that has seen tremendous development over past few ears. Strategically located over the six-lane National Highway 58, this locality offers top-notch sell property in Ghaziabad, and is only 15 kilometers from Vaishali Metro Station. Both NH-24 and NH-58 have seen a flurry of residential and commercial constructions: the rates are affordable and the scope of investment high.

But there is still a lot left that needs correction, if not the prices. The high crime rate has been the major nuisance for authorities. Increasing number of realty frauds too need a check. And last, but not the least, is the below mark basic amenities such as water electricity, and sewage disposal. These factors are the major bulwarks that have direct impact on the decision to buy property.

Ghaziabad Property Infographics @Makaan.com

Recent Developments Related to Property in Ghaziabad

Ghaziabad Property at Makaan.com

The indiscriminating way in which realty constructions are going on in Ghaziabad has posed a threat to natural resources and has raised many a eyebrows. It is due to the haphazard residential and commercial constructions that the ground water table is depleting at a very high rate. To deal with the dreaded situation, National Green Tribunal has recently reinvoked an old order dated back to 2001. According to this order, the concretization is restricted to only a prescribed limit. More than 5% green covers cannot be concretized as per this order. Under construction of Ghaziabad properties shall have the footpaths made up of permeable or semi-permeable materials. Such a step has been taken to minimize the threat posed to environment.

Another major development that is in news these days is the construction of  a 21 km long link connecting Noida and Ghaziabad. This link shall improve the connectivity between two cities; the time taken for commutation shall be reduced to half an hour. Currently, the construction is going on in full swing here. The road has become a major hotpot for realty projects. The surrounding areas carry the potential of becoming the next alternative markets for property in Ghaziabad. The project is covered under Noida Master Plan 2021 and shall take another 8-9 months to get completed. The project is expected to raise the live-ability standards of Ghaziabad residents and is seemed as a crucial factor in scaling up the realty prices.

Yet another major development is regarding the regularization of Ghaziabad property transactions.  In light of high rate of frauds and scams, it has been rendered mandatory for the real estate agents to get themselves registered with a local body and get a license before starting their practice in city. Such a step would help in bringing down the cases of counterfeit acts and rendering transparency to the system.

Properties in Ghaziabad Developing at a Fast Pace

Ghaziabad proprety at Makaan.com

Seeing the pace at which the construction works are going on in Ghaziabad, it is emerging as a next big thing in the realty market. As the residential and commercial developments have boomed the city's landscape, it has been given second rank among the fastest growing cities in the entire world. In spite of the bad reputations that it has gained over years due to high crime rate, the city is still capturing a good number of buyers as well as investors.

Properties in Ghaziabad have flourished in some of the plush localities like Rajnagar Extension, Indirapuram, Crossings Republik, Vasundhara, and Vaishalli. Some of the high-end properties have sprung up in these areas, with the top-notch projects floated by well-known developers like Mahagun, Ansals, and SARE. Most of these residential spaces are targeted towards upper middle and affluent segments. As a result, the city is getting filled up with well to do families.

The presence of National Highway 24 and 58 have proved a boon for property in Ghaziabad. The widening of NH 24 from 6 to 8 lanes shall further smooth the traffic congestion problems. These high speed roads have been the major factor behind the increasing propensity of residential spaces in the city. The proposal to extend Delhi Metro's blue-line to Indirapuram can prove to be a significant step towards improving connectivity of the city to other parts of Delhi NCR. Some of the their factors that have proved beneficial for real estate growth here include good infrastructure, availability of land to be used for further development, and scope for both horizontal as well as vertical constructions. The newer constructions are largely planned; as a result, the city is acquiring the shape of an integrated township.

The things that need to be controlled is the law and order system in the city. High rate of crimes, lack of  an efficient law & order system, and the poor control of government over scams & other malpractices really need to be worked at.

Makaan.com, the leading real estate portal, lets buyers make a search property in Ghaziabad and other cities of Delhi NCR. The end users can look for quarterly price trends for property in Ghaziabad and keep themselves informed of the ongoing rates.

Buying Property in Ghaziabad would now cost you more

Ghaziabad Property at Makaan.com

Remember the uproar that was created with the release of the movie 'Zilla Ghaziabad'? As the city was   portrayed as a nerve center of the worst form of crimes, people objected to it vehemently. Well, the city is indeed a hub of several nefarious activities. But all this ruckus did not deter the end-users from buying property in Ghaziabad. May be it is the affordability thing that has made people overlook the negative factor. As a matter of fact, the inquiries for the residential spaces have increased manifold in the recent months. As per a report of HT, there has been a phenomenal raise in the number of property interrogatories in the first quarter of 2013.

The prices, in such a scenario, are doing what they always do.... As the demand for flats in Ghaziabad has been an upsurge, the prices too are escalating, as high as 40%. This is a practically good situation for the investors who are eying on long-term profits out of their money. Seeing the hike in demand has further benefited the builders  as they have put a stop to the discounts on hoses rates they were offering hitherto.

Some of hot localities where the demand has escalated include Raj Nagar Extension, Vaishalli, Indirapuram, Vasundhra, and Crossing Republik. The prices of Ghaziabad flats in these areas have grown up anywhere between 3-30%. The price per sq. ft in Vaishalli in the month of August stood at Rs. 5880, a 21% increase from past one year. At Vasundhra, the psf has undergone a 19% hike, the value in August being Rs. 5415. The more affordable localities are Raj Nagar Extension, NH-24, and Crosslink Republik. In these areas, the psf ranges between Rs. 2500/- and Rs. 3500/-.

The prices, in spite of their recent hike, are still affordable for buyers seeking property in Ghaziabad. At Indirapuram, a 2 BHK flat can fall in the range of 30k-80k, depending upon the sq. ft area covered. Vaishalli is much cheaper: for a 2 BHK, you need to pay around 30-45k. And Raj Nagar is even more cheap: the price range of 25-30k for a 2 BHK isn't a big ask from you. Is it?

Search properties to buy or rent at Makaan.com, the fastest growing property portal in India. Choose properties on the basis of dimensions like price, location, age of construction, type of furnishing etc. The residential and commercial properties areas have been made available from owners, builders, and agents.

Flats in Ghaziabad Benefited by Excellent Connectivity

Ghaziabad Property at Makaan.com

A few years ago, buying a properties in Ghaziabad could raise eyebrows from your friends and acquaintances. But, if you are doing it now, you keep a wise head over your shoulders. The city is not longer an unheeded and overlooked place, lying tucked away in a corner of U.P. I mean, just look at the stupendous rate at which it is growing: sky-high structures, multi-screen theaters, swanky malls, opulent houses, and modish hotels have dotted the city-line. And connectivity? It is becoming only better with every passing year.

There are many developments there are going in favor of the prospective buyers of Ghaziabad flats. The Link Road that is being constructed between the city and Greater Noida has attenuated the traffic and congestion problems over NH-24 and the commuters need not think twice before looking for a job opportunity or buying a house in the either city. With better bracketing, the probability of people settling in the city has increased considerably.

Crossing Republik, the much publicized project aimed at bringing the ultra-modern conveniences to property buyers, is a venture of seven leading developers across the country. With the kind of expertise and experience that these world-class property builders can bring into housing development, the results can be amazing  With the plentiful of housing projects at hand, the dreams of many who are seeking flats in Ghaziabad shall see the light of the day. Then there is FNG corridor project. It was initially planned to provide connectivity among Faridabad, Noida, and Ghaziabad, but was jettisoned later. In 2012, it was revived and more than 60% of it is now complete. Though it shall not be connecting Faridabad anymore, the other two are going to reap the benefits in terms of real estate.

The excellent connectivity has attracted lucrative real estate projects and so many Ghaziabad properties are now booming along highways and corridors. Developers such as Ansal Plaza, Supertech, Amrapali, SARE Group, and others have already set up momentous projects, aimed at providing plush flats in Ghazibad city.

Search and locate properties for buying and renting over India's leading property portal, Makaan.com. Here, buyers can choose property in terms of locality, dimensions, price, and amenities offered.       

Properties in Ghaziabad a gold mine for investors and builders

Because of the well connectivity with Delhi and upcoming metro projects, prices of properties in Ghaziabad are shooting up. For such reasons, it has become one of the hot investment destinations for investors.

Finding a property in Ghaziabad meant for sale/lease/rent is not an easy task and approaching real estate agents could sometime proves futile as they lack information. But with the help of realty websites, one can easily browse Ghaziabad properties and find plush flats in Ghaziabad at competitive prices.
Properties in Ghaziabad are favourite for industrialists because of the world-class infrastructures facilities. With the setting up of industries demand for residential space has also grown. Builders and developers are rushing to this city with residential units to help people live a lavish lifestyle. As a result, the demand of properties in Ghaziabad is growing and attracting not only domestic investors but also NRIs are showing interest to invest in potential properties.

The best way to collate information on Ghaziabad properties and flats in Ghaziabad is taking assistance of realty portals. For instance, Makaan.com, a leading property site that connects sellers, buyers and builders in an easy way, is a one-stop information station on real estate. Its consistent and innovative services are helping people to find real estate in Ghaziabad and all major cities of India. Home buyers can make the most of its services and know about the trending prices and properties of various cities and make a well informed decision while buying or selling a property.

The motto of realty sites is to help home buyers in finding a dream property at desired location and budget. The sites also allow home buyers to connect builders directly to collect information on existing projects or projects that are in the pipeline. Realty portals are best way to find attractive deals of buying and selling of Ghaziabad property or Ghaziabad flats.

For first time home buyers it is highly advice to take the help of realty portals as they would help them to know about the realty market and understand real-estate investment. Investment in properties in Ghaziabad is really an ultimate way to enjoy great returns for the smart investors. Nowadays, many builders, agencies of real-estate and investors are coming up with malls and luxury shopping centres in Ghaziabad thus making it a hot investment destination.

Real estate websites are considered to be search engine for finding properties related information. With a few clicks away, now you can find a prospective property in Ghaziabad and invest it for the coming years.