Investing in a property is one of the most significant financial decisions one can make. While investing in a property, one needs to keep in mind various factors such as the location, builder’s credibility, property type, amenities, and ROI (Return on Investment).
In this article, we will discuss why investing in Ghaziabad can be a wise decision for potential investors. We will also talk about the Apna Ghar Home Festival and how it can benefit investors. Additionally, we will mention some of the upcoming projects in Ghaziabad, which can be a profitable investment opportunity.
About Ghaziabad
Ghaziabad is a city in the Indian state of Uttar Pradesh. It is a part of the National Capital Region and is located about 20 km east of Delhi. It is the administrative headquarters of the Ghaziabad district and is the second-largest city in the state. The city is well-connected through railways and roadways, and the nearest airport is Indira Gandhi International Airport, Delhi.
The Growth of Ghaziabad
Ghaziabad has witnessed tremendous growth in the past few years, thanks to its strategic location and development. The city has become a hub for real estate investments, and the demand for properties is on the rise. According to a report by Square Yards, Ghaziabad has seen a 12% growth in the real estate market in 2022. The city is home to several residential and commercial projects, making it a prime location for investors.
Why Invest in Ghaziabad?
Here are some reasons why investing in Ghaziabad can be a wise decision for potential investors.
Infrastructure Development
Ghaziabad has witnessed significant infrastructure development in recent years. The city has seen the expansion of major roads and highways, such as the Eastern Peripheral Expressway, the NH-24, and the Ghaziabad-Meerut Expressway. The Delhi-Mumbai Industrial Corridor (DMIC) passes through the city, which is expected to provide a boost to the industrial and commercial sectors.
Affordable Property Rates
One of the significant advantages of investing in Ghaziabad is the affordable property rates. The property rates in Ghaziabad are comparatively lower than other major cities in the NCR region. The city offers a wide range of ready to move properties,from budget-friendly to luxury projects.
High Rental Yield
The rental yield in Ghaziabad is quite high compared to other major cities. The city has a strong rental market due to the influx of working professionals and students who come to the city for education and employment opportunities. According to a report by Magicbricks, the rental yield in Ghaziabad ranges from 3.5% to 4.5%, which is higher than other cities in the NCR region.
Employment Opportunities
Ghaziabad is home to several large and small-scale industries, such as IT, manufacturing, and healthcare. The city is also known for its industrial clusters, such as Sahibabad and Mohan Nagar. This has led to an increase in employment opportunities, making it an attractive location for job seekers.
Connectivity
Ghaziabad has excellent connectivity with Delhi and other major cities in the NCR region. The city is well-connected through roadways, railways, and metro networks. The Delhi Metro has extended its services to Ghaziabad, making it easier for people to commute to and from the city.
Education and Healthcare Facilities
Ghaziabad has several reputed schools, colleges, and universities. The city is also home to several well-equipped hospitals and healthcare centers, making it an attractive location for families.
Proximity to Major Cities
Ghaziabad’s proximity to major cities such as Delhi, Noida, and Greater Noida has made it a prime location for real estate investments. The city is located at the intersection of the Eastern and Western Dedicated Freight Corridors, which will provide a boost to the transportation and logistics sector.
Availability of Land
Ghaziabad has a vast expanse of land available for development, making it an attractive location for investors. The city has several large-scale infrastructure projects in the pipeline, which will further increase the demand for land.
Supportive Government Policies
The Uttar Pradesh government has introduced several policies to promote the real estate sector in the state. The government has made it easier for developers to obtain approvals and clearances for their projects, leading to faster project completion and delivery.
Apna Ghar Home Festival
Apna Ghar Home Festival is an annual event organized by ReadyHomz, a leading real estate company in Ghaziabad.
The festival aims to provide affordable housing solutions to people looking to buy their dream homes. The festival features several residential projects by ReadyHomz and other reputed developers in the city. The festival also offers attractive discounts, freebies, and other benefits to potential buyers.
Upcoming Projects in Ghaziabad
Ghaziabad has several upcoming residential and commercial projects, which can be a profitable investment opportunity. Some of the notable projects include:
- Wave City: A self-sufficient township spread across 4500 acres
- Mahagun Mywoods: A residential project with modern amenities
- World Square Mall: A commercial project with retail and office spaces
- Gulshan Botnia: A residential project with luxury amenities
Investing in these projects can provide long-term gains and high ROI.
Conclusion
Ghaziabad’s strategic location, infrastructure development, affordable property rates, high rental yield, employment opportunities, connectivity, education and healthcare facilities, and availability of land make it an attractive location for real estate investments.
The upcoming projects and the Apna Ghar Home Festival offer further investment opportunities for potential buyers. However, investors must do their due diligence before investing in any property.
FAQs
- What is the Apna Ghar Home Festival?
Apna Ghar Home Festival is an annual event organized by ReadyHomz, a leading real estate company in Ghaziabad. The festival aims to provide affordable ready possession home solutions to people looking to buy their dream homes
- What are the upcoming projects in Ghaziabad?
Some of the upcoming projects in Ghaziabad include Wave City, Mahagun Mywoods, World Square Mall, and Gulshan Botnia.
- Why is Ghaziabad an attractive location for real estate investments?
Ghaziabad’s strategic location, infrastructure development, affordable property rates, high rental yield, employment opportunities, connectivity, education and healthcare facilities, and availability of land make it an attractive location for real estate investments.
- What is the rental yield in Ghaziabad?
According to a report, the rental yield in Ghaziabad ranges from 3.5% to 4.5%, which is higher than other cities in the NCR region.
- What are the benefits of investing in the Apna Ghar Home Festival?
Investing in the Apna Ghar Home Festival can provide attractive discounts, freebies, and other benefits to potential buyers, making it an excellent opportunity to purchase affordable ready to move home solutions.
