Developers jointly promotes project in Raj Nagar Extension
The Raj Nagar Extension project enjoys location advantage and over 15 developers have come together to market projects. Raj Nagar Extension is located on National Highway 58, Ghaziabad. Today, the locality is extremely popular with middle and lower-middle class buyers as well as first time young buyers who are looking to purchase a home to stay in. Since the area is new and yet to be developed, a joint thrust allows developers at Raj Nagar Extension to provide the best surroundings and amenities to end users.
The strategy of joint marketing has worked well as buyers have several options of two- and three-bedroom apartments to choose from. This was possible because most projects in the area fitted into the affordable housing category and attracted end users from the neighboring regions.
Recently, 15 developers in the region formed Raj Nagar Extension (NH-58) Builder’s association in a bid at collective effort to develop the area.According to Raj Nagar Extension (NH-58) Builder Association, “The initiative will help achieve modern amenities and luxurious living at affordable prices.” The association was born with an aim to bring the infrastructure, facilities and amenities in the area in a coordinated manner in the shortest possible time.
While the projects aim to provide ‘affordable homes’ to end users, developers are also backing it up with housing units having the best of amenities. The Raj Nagar Extension project is unique in itself and it’s the first project across the Delhi NCR (National Capital Region) where so many developers have come together and have constructed dwelling units in a similar category.
The Delhi Metro’s proposed station is expected to be at sniffing distance from Raj Nagar Extension. In addition, the area can piggyback on the well-developed transport links that Ghaziabad enjoys with the rest of the NCR and developers only have to ensure lastmile connectivity.
The Ghaziabad Development Authority (GDA) has declared 500 acre of land along the Hindon river as a green belt and banned all construction activity in the area. This ensures access to unpolluted greens on one side. Currently, the main attraction of Raj Nagar Extension is that nine out of 15 developers active in the region are offering possession in 2010. Nearly 4,500 housing units will be handed over to buyers in this year. Even though the houses fall broadly in the affordable category, every developer is offering different types of apartments in terms of floor area and categories.On the whole, apartment size varies from 400 sq ft to 1,700 sq ft (1BHK-4BHK), in a price range of Rs 1,600-Rs 2,000/sq ft. This price range is much more affordable as compared to the average prices of projects coming up in Noida, Greater Noida and Indirapuram. Most of the developers are offering 10% discount on inaugural prices.
affordable home, Delhi NCR, Ghaziabad, Ghaziabad Development Authority, Raj Nagar Extension, Raj Nagar Extension project, Residents Welfare Associations
