Raj Nagar Extension is a major area in Ghaziabad and has witnessed huge realty development recently with an increase in overall property values here.
Raj Nagar Extension is one of Ghaziabad’s prime areas for residential real estate and has been witnessing high growth in recent times. Raj Nagar Extension lies right on the National Highway 58 and this has always been one of the major reasons behind its popularity with buyers and investors alike. Raj Nagar Extension has also offered greater affordability in terms of housing units to buyers along with easy connectivity to several areas in Ghaziabad in addition to Delhi and Noida. The locality is one of the rising stars of Ghaziabad’s real estate market and has witnessed huge appreciation in overall property values. Raj Nagar Extension has already witnessed property increases to the tune of a whopping 56% between 2011 and 2013 and overall prices have gone up even more by now which is welcome news for early investors in the region.
The situation is such that even flats for rent in Raj Nagar Ext, Ghaziabad are a lot costlier than one might have been used to earlier. The rental market has always done well in Ghaziabad and now with overall appreciation, investors are reaping rich returns from their tenants and clients. The growth of real estate in the area is reportedly being fueled by multiple infrastructural projects. Additionally, several middle income households have always preferred the area for its comparatively affordable property prices in spite of steep increases over the years. The area did witness some problems owing to lack of metro connectivity and proper road access. This changed in the year 2013 when the government announced its intention to take the metro network to the locality and the Ghaziabad Development Authority also announced its desire to link the locality to several areas through an 18 kilometres elevated highway from the UP gate with four lanes.
These upcoming projects have boosted overall real estate markets in the area. If you’re looking for flats for rent in Raj Nagar Ext, Ghaziabad, be prepared to shell out more than you were expecting. If you’re looking for affordable properties here, you will still get results but prices will be marginally higher than you expected. Raj Nagar Extension has trumped over areas like Crossings Republik in terms of buyer demand and overall customer interest. Lack of unwarranted negative publicity is one of the biggest reasons behind this steady growth. Homebuyers have always had positive sentiments about the locality. There is only a single village surrounding the area which is named Sihani, an urban development cluster and does not quite hinder lifestyle aspirations of contemporary home buyers.
Apartment prices in Raj Nagar Extension usually range between INR 30 lakh and 40 lakh for 1000 sq ft apartments though prices are subject to change depending on the developer, exact location and other factors. Additionally, several developers are now active in the area including Land Craft Developers, Vasu Infrastructure and Ajnara Developers. Ghaziabad itself should witness heady growth in the near future and Raj Nagar Extension is definitely slated to be one of its biggest growth hubs as a result.
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