Why You Should Consider Raj Nagar Extension for an Investment?

Written by Jayant Upadhyay

In our last blog, ‘Dwarka Expressway: Booming High’, we discussed about the real estate investment in areas near Dwarka Expressway. Today, we will discuss about an area, where real estate is flourishing. Last few years have witnessed plotted development and new residential launches in this area. Moreover, the strategic location attracts aspiring home buyers looking for units at affordable prices. We are talking about Raj Nagar Extension one of the top affordable localities by consumer preference in NCR and capital values here ranges between Rs 2531-3764 per sq.ft. Let us see why an investment in Raj Nagar Extension is justified on the other side of the ledger –

1. Being located on National Highway 58, the area is well connected with Delhi, Noida & Ghaziabad with easy modes of communication. Metro is also coming soon in its nearby locality. Sometime ago, the Government of Uttar Pradesh has approved the metro railway expansion plan by 9.41 km from Dilshad Garden to New Bus Stand.

2. Proximity to NCR’s largest green belt of 500 acres is really an advantage. 45+ developers are active in this Raj Nagar Extension. So, there will not be any difficulty in availing home loans.

3. Ghaziabad Development Authority (GDA) has planned the infrastructure of the region. The well development infrastructure and availability of facilities has resulted in the rise of property price between 2011 and 2013. In these 2 years, the property prices has risen by over 50% (Source: Times property)

4. Ghaziabad is sending fresh proposal for ‘Smart Cities’ program. In case, if the proposal is accepted, Raj Nagar Extension will be a major beneficiary.

5. Abundant supply keeps a check on the property prices. There are more than 34000 approved residential units in the locality. Out of which, 16,900 have been delivered and 15000 is going to be completed by 2018.

6. The Board of Control for Cricket in India (BCCI) has acquired 23 acres to establish an international cricket stadium. Once done, this will be a major push to residential and commercial property prices.

7. The multiple projects offering amenities like shopping arcades, entertainment zones and jogging tracks make it a perfect habitat.