Best residential project in Ghaziabad
Ghaziabad caters primarily to the mid-segment and
affordable housing segments. It is home to established housing
clusters such as Kaushambi, Vaishali and Indirapuram while upcoming residential
corridors include Raj Nagar Extension and developments along the NH-24 beyond
Indirapuram, including the Crossings Republic township.
While lack of land
options has restricted new launches in the Kaushambi, Vaishali and Indirapuram
clusters, since they are already developed to a great extent and have a large
existing residential population, these clusters have also recorded healthy
capital appreciation. Recent project launches have been mostly in the upper-mid
and premium segments offering luxury specifications and upgrades from the
usual, mid-segment housing options.
Going forward,
infrastructural developments such as the extension of the Metro route to
Ghaziabad and widening of the NH-24 is likely to aid in furthering residential
developments in this area. The core demand is likely to emanate from the low
and middle-income population for the residential offerings in this corridor.
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