Why You Should Consider Raj Nagar Extension for an Investment?

Raj Nagar Extension one of the top affordable localities by consumer preference in NCR. The strategic location attracts aspiring home buyers looking for units at affordable prices.

15 Nov,2017 01:45 IST 625
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.

 

Disclaimer: The information contained in this post is for general information purposes only. IIFL Finance Limited (including its associates and affiliates) ("the Company") assumes no liability or responsibility for any errors or omissions in the contents of this post and under no circumstances shall the Company be liable for any damage, loss, injury or disappointment etc. suffered by any reader. All information in this post is provided "as is", with no guarantee of completeness, accuracy, timeliness or of the results etc. obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. Given the changing nature of laws, rules and regulations, there may be delays, omissions or inaccuracies in the information contained in this post. The information on this post is provided with the understanding that the Company is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other agency or organization. This post may also contain links to external websites that are not provided or maintained by or in any way affiliated with the Company and the Company does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. Any/ all (Gold/ Personal/ Business) loan product specifications and information that maybe stated in this post are subject to change from time to time, readers are advised to reach out to the Company for current specifications of the said (Gold/ Personal/ Business) loan.

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