Ghaziabad: A major player in Delhi NCR property market – Money News


Ghaziabad, an important part of Delhi NCR, is making significant progress in the residential real estate market. Known for its relatively affordable real estate compared to areas like Gurgaon and Noida, the city is experiencing increased activity due to major infrastructure developments.

According to SquareYards.com, Ghaziabad saw around 11,000 property transactions in the first quarter of 2024. Most of these transactions took place in the price range of less than Rs 50 lakh, which constituted more than three-fourths of the total transaction volume.

Key areas along NH-9 (old NH-24) such as Indirapuram, Shahpur Bamhita, Pratap Vihar, Vaishali, and the Rajnagar extension along Meerut Road saw the bulk of these transactions. In terms of gross transaction value, Indirapuram leads with properties valued at INR 701 crore during the period.

“Ghaziabad, an important part of Delhi NCR, benefits from its proximity and excellent connectivity to the commercial hubs of Delhi and Noida. It is well equipped with physical and social infrastructure such as healthcare and educational institutions. , which adds to the city's livability. This, combined with its relatively affordable real estate options, gives the city a unique edge. Moreover, the ongoing development of the Delhi-Meerut-Ghaziabad RRTS corridor and RRTS -Extension of Cum-Metro Corridor to Jewar Airport All set to be a game changer for the Ghaziabad property market.said Vikas Tomar, Executive President of SquareYards.com.

Tomar added, “Ghaziabad has become the go-to destination for homebuyers looking for affordable properties. It is proving to be a lucrative choice for middle-class buyers as well, offering a wide range of attractive options.” Is.

As Ghaziabad continues to grow and benefit from major infrastructure projects and growing demand from home buyers, its residential real estate landscape is set to change, promising both local and national developers. offers exciting opportunities, and establishes the city as a key player in the Delhi NCR property market. .

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