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In October 2015, central government announced the addition of Ghaziabad to the list of 100 Smart Cities of India. Real estate developers had anticipated this optimistic outlook way before and this was a cue for them to start launching their projects along the NH-24. And now, after a year, the location is replete with an unimaginable potential of value appreciation. Property in NH-24 Ghaziabad can be seen mushrooming in the form of townships, high-rise residential development, villas and even plotted development.
One of the main catalysts of Ghaziabad’s realty growth is its infrastructure that is complemented by the NH-24. It offers the city a hassle-free access from Delhi, Noida and Greater Noida. The localities are further connected with NH-58 via the new link road with an objective of improving traffic communication. Moreover, two new underpasses are also under construction that will further connect it to Noida-Greater Noida Expressway and Sector 98. Ghaziabad’s first solid waste plant is also under construction. All these factors make living simpler and promote real estate in the city.
Property in NH-24 Ghaziabad is attracting a lot of investors because its prices are also quite affordable as compared to Delhi, Noida and Gurgaon. Since it was initially an industrial town, much like Noida, its prospects of commercial growth are also worthy of investor’s attention. Aditya Developers has come up with its township project by the name of Aditya World City which offers residential, commercial and retail units within the complex. Other developers are also venturing into the market to tap its potential.
In a nutshell, one can say that Ghaziabad has grown from an industrial town into a city that offer a respectable and comfortable urban lifestyle. Over the next few years, it will compete with the fully-developed cities of NCR.