Indirapuram in Ghaziabad offers investment potential
Delhi-NCR: Indirapuram, a self-contained mini-city located on NH-24 in Ghaziabad, has become one of the most preferred localities in NCR.
Owing to its excellent connectivity to Noida and Delhi, Indirapuram, is turning into a hot real estate destination. Metro network has been proposed to the at this place which adds more scope to the area’s realty scenario. The proposed metro plans are a stretch from Noida’s City Centre to CISF and extension of Metro line from Vaishali Sector 4 to CISF Camp.
Indirapuram properties offer great investment potential to residents of the National Capital Region. It is strategically located among three prime business centres- Delhi, Noida and Ghaziabad. As the area is close to these cities and also major industrial hubs, all the basic amenities and commercial establishments are at an easy distance from this place. It accounts for over 40% of rental demand for the total apartments in Ghaziabad, revealed a recent survey.
Indirapuram is divided into different ‘khands’ (sectors) like Vaibhav Khand, Nyay Khand, Ahinsa Khand, Niti Khand, etc. The Ghaziabad Development Authority (GDA) had demarcated this residential area only around 16 years ago and within two decades Indirapuram has witnessed vast development and it currently offers various residential options for people across different income levels.
Indirapuram has been witnessing huge progress in commercial and residential real estate sectors. Owing to various new developments, the place offers good employment opportunities which is another reason for its real estate boom in residential sector.
Adding to it is the infrastructure development works taken up in Indirapuram has made it a sought-after place among real estate developers as well as buyers. Besides apartment projects, developers are coming up with several housing societies and mini-townships. The growing trend of modern luxury lifestyle has influenced the area to a great extent. Buyers have been seeking studio apartments, flats, apartments, villas, plots, independent floors, etc, here.
The housing supply has been adequate till now, but since the demand for residential apartments is rising, there is need of more residential projects in the area. Prices are increasing because of rising demand.
Observing the demand in residential sector inspired by requirements of end-users, developers are coming up with trendy and modern apartments in Indirapuram, in the affordable ranges too. With the help of advanced and cost-effective technology, developers have planned stylish apartments including latest designs and architecture in order to meet the high expectations of modern home buyers.
Nearly 130 real estate projects are present in Indirapuram, among which 90 projects are completed while the rest are under construction. The occupancy rate of over 35,000 flats in Indirapuram is nearly 75 percent. The rates of projects in Indirapuram approximately range between Rs 3,200 and Rs 5,500 per sq ft. Houses here are available at very competitive prices.
Indirapuram houses several reputed hospitals, educational institutions, and shopping centres, and many more are also coming up. Theme parks have been developed in many sectors.
Some of the high-end residential projects in Indirapuram are Supertech’ Supertech Icon, SVP’s Gulmohur Residency, ABA Corp’s Orange County, Assotech Realty’s Kabana, Amrapali’s Amrapali Village, Shipra Group’ Shipra Sun City, Antriksh Group’s Antriksh Greens, Gaursons’ Gaur Green Vista, and many more.
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