Lal Kuan

 

Ideally located amidst localities of Indirapuram, Vaishali, and Pratap Vihar, Lal Kuan is a well-developed residential locality situated in the southern region of Ghaziabad. Once a barren and uninhabitable land, the locality has slowly transformed itself into a real estate hotspot, and has emerged as a good investment option for property buyers in the NCR.

 

Demarcated by NH-91, Lal Kuan enjoys good road connectivity with the rest of Ghaziabad. The locality is surrounded by the closely knit residential localities of Lohia Nagar, Nehru Nagar, and Kamla Nagar along with industrial colonies like ISPAT Nagar and Bulandshahr Road Industrial Area.

 

Lal Kuan is well fed with civic amenities, and has an adequate water and electricity supply provided by Ghaziabad Development Authority (GDA) and Uttar Pradesh State Electricity Board (UPSEB), respectively. Its well-maintained infrastructure boasts of a number of prestigious schools and colleges, with IMS Ghaziabad as one of the most prominent educational establishments in the area.

 

A number of eateries, especially in the form of dhabas, are found in abundance here due to the presence of NH-91. Several fast food and family restaurants also dot the area. Availability of these social and commercial infrastructure makes Lal Kuan a great place for single professionals, families, and couples to reside in.

 

Connectivity and transit points

 

National Highway 24 (NH-24) forms Lal Kuan’s northern border, providing quick access to Delhi and Noida via road. National Highway 91 (NH-91), which intersects NH-24 at the northern tip of the locality, connects the locality to the likes of Naya Ganj, Patel Nagar, Madhopura, and Daulatpura. The road further converges into Meerut Road and Hapur Road, and connects various residential and commercial hubs like Sahibabad, Vasundhara, Indira Colony, and Sanjay Nagar to the locality.

 

Transportation via shared autos and tempos is the most preferred mode of transport for intra-city travel here. Several share autos and tempos ply the Lal Kuan Auto Stand and connect the locality to other important areas of Ghaziabad. The two prominent bus stops in the area include Lal Kuan Bus Stop and Bisrakh Mode Bus Stop, situated on either side of the locality.

 

Lal Kuan is also blessed with a fair rail connectivity, with Ghaziabad Railway Station situated at a distance of just 7 km from here. Trains from this station take commuters to areas like Faridabad, Old Delhi, New Delhi, Hazrat Nizamuddin, and Narela. The nearest airport is Indira Gandhi International Airport, which is situated 42 km from here. It can be reached within one-and-half hour via NH-24.

 

Major landmarks

 

        IMS Ghaziabad

        Raja Rani Farm House

        Rathi Industries Ltd.

        Reliance Pump

        Shell India

        AXIS Bank

        Lal Kuan Auto Stand

        Royal City Lal Kuan

        KL Steels Private Limited

 

Factors for growth in the past

 

Lal Kuan got into the seam of the real estate market in Ghaziabad after the development of two arterial roads, NH-24 and NH-91. These roads provided easy access to the locality and propelled growth in the area.

 

The locality’s proximity to Delhi and Noida coupled with affordable property rates and the establishment of various small-to-mid scale industries attracted many home buyers and single professionals to move to this locality.

 

With the inception of a multitude of educational institutions like schools, colleges, and universities, accompanied with availability of shops catering to day-to-day needs, the locality particularly stirred the interest of families to come and settle down here.

 

Residential and Commercial Market

 

Residential market trends

 

The properties in Lal Kuan typically carry an affordable price tag and cater to a wide variety of end-users, with a rich and varied residential market. Residential plots dominate the property market, while apartments come next. Independent houses are also found in the locality, but in lesser proportions.

 

Given the rapid growth of social infrastructure in and around the locality, residential prices in Lal Kuan jumped 11 percent in the second quarter of 2014 (April-June). The average rate of 2BHK apartments in Lal Kuan is Rs 2,120 per sq. ft and the average price ranges from Rs 15 lakh to Rs 28 lakh. 3BHK apartment units sell at an average rate of Rs 3,250 per sq. ft, translating to an average price of Rs 42 lakh. Residential plots are the cheapest, selling at an average rate of Rs 1,315 per sq. ft, with the average price coming up to Rs 10 lakh.

 

With the advent of a number of industries in the neighbourhood, the rent culture has also become very prominent. The average rate of 2-3 BHK units range from Rs 5 per sq. ft. to Rs 15 per sq. ft., and the average rent ranges from Rs 6,000 per month to Rs 17,000 per month.

 

Commercial market trends

 

Lal Kuan’s commercial market is also up and running, with many shops and commercial plots available for sale. The average rate to buy a commercial plot is Rs 4,690 per sq. ft, with the average property price ranging from Rs 1.8 crore to Rs 8.5 crore. Shops sell at a higher rate when compared to commercial plots, at an average of Rs 10,940 per sq. ft. However, the average price falls close to Rs 26 lakh.

 

Major challenges

 

The lack of municipality-installed garbage dhalaos or dustbins has caused a nuisance in some parts of Lal Kuan. The absence of these dustbins has led to uncollected garbage on the roads, causing unhealthy living conditions in few parts.

 

The locality also suffers from traffic congestion issues, especially along NH-24. This highway carries a heavy traffic of commuters, who travel to Delhi and Noida from Ghaziabad. The dearth of parks and children’s play area is also a cause of concern for the area’s residents.

 

Factors for growth in the future

 

The proposal to widen National Highway 24 (NH-24) from the existing six-lane highway to an eight-lane highway will minimise the traffic woes of the commuters. This upgradation will aid better accessibility and add to the convenience of Lal Kuan’s residents.

 

The proposed Phase-3 Metro extension to Greater Noida, Noida, and Mehrauli, which will pass through Lal Kuan, will lead to a tremendous increase in both the demand and supply of residential and commercial properties in the area.

 

With large-scale projects such as Modern Heights, IFI Model Town, Aditya Gracious Floors, Royal Residency, Okhla Chandan Homes, and Shri Sai Heritage launched, Lal Kuan’s residential market will see a headlong shift in realty demand.