Ghaziabad is known to be one of the most affordable markets in the Delhi National Capital Region (NCR). Cities such as Delhi, Gurgaon, and Noida are completely out of the reach of the common man real estate wise. The going rate for properties here has skyrocketed and these markets are moving at a very slow pace. Places such as Faridabad and Ghaziabad is where the real estate business is booming as these areas are located in close to proximity to the more important parts of Delhi NCR and have affordable properties available in plenty.
There are many popular residential real estate destinations in Ghaziabad. One of them is Vaishali. It is located in the trans-Hindon region of Ghaziabad. The area is becoming popular among home buyers because of the infrastructure present here.
The area is located close to National Highway 24 and is well connected to both Noida and Greater Noida. It is surrounded by micro markets such as Kaushmbi, Indirapuram and Vansundhara which are considered to be sought after real estate markets themselves. All these factors put together make properties such as plots in Vaishali popular among property seekers.
The area enjoys great connectivity since it is located close to National Highway 24. The area is also located in close proximity to the Anand Vihar railway station and bus terminus. 2011 was a major turning point as far as real estate in Vaishali was concerned. The area receive metro connectivity through the Delhi Metro. Under the Blue Line of the Delhi Metro the area has a metro station.
This station is considered to be one of the busiest stations present in the Delhi Metro. It not only serves this micro market, it also serves areas such as Kaushmbi, Indirapuram and Vansundhara. When an area receives metro connectivity the area's real estate also automatically grows. The going rate for properties which are with a 2 km radius from a metro station tends to appreciate by about 20 to 30% over time. This is true of properties such as plots in Vaishali. The prices for properties here steadily climbed up from 2011.
2 BHK flats in Vaishali are the most sought after. This is followed by both 1 and 3 BHKs. The most preferred unit size for apartments here falls between 751 and 1000 square feet. This is followed by the 1001 and 1250 square feet range. This shows that buyers here seem to prefer compact apartments. The most preferred budget range for properties here falls between INR 30 to 40 lakhs.
This is followed by the INR 50 to 60 lakhs range. Per square feet buyers here are willing to spend anywhere between INR 4501 to 5000 on properties here. This is followed by the INR 4001 to 4500 per square feet range.
Experts feel that property rates in Vaishali peaked about 5 years ago. Though there is talk of the fact that Vaishali is moving towards saturation, the area still ranks among the top areas to look out for Ghaziabad. Properties such as flats in Vaishali will always be a hot commodity among property seekers.
There are many popular residential real estate destinations in Ghaziabad. One of them is Vaishali. It is located in the trans-Hindon region of Ghaziabad. The area is becoming popular among home buyers because of the infrastructure present here.
The area is located close to National Highway 24 and is well connected to both Noida and Greater Noida. It is surrounded by micro markets such as Kaushmbi, Indirapuram and Vansundhara which are considered to be sought after real estate markets themselves. All these factors put together make properties such as plots in Vaishali popular among property seekers.
The area enjoys great connectivity since it is located close to National Highway 24. The area is also located in close proximity to the Anand Vihar railway station and bus terminus. 2011 was a major turning point as far as real estate in Vaishali was concerned. The area receive metro connectivity through the Delhi Metro. Under the Blue Line of the Delhi Metro the area has a metro station.
This station is considered to be one of the busiest stations present in the Delhi Metro. It not only serves this micro market, it also serves areas such as Kaushmbi, Indirapuram and Vansundhara. When an area receives metro connectivity the area's real estate also automatically grows. The going rate for properties which are with a 2 km radius from a metro station tends to appreciate by about 20 to 30% over time. This is true of properties such as plots in Vaishali. The prices for properties here steadily climbed up from 2011.
2 BHK flats in Vaishali are the most sought after. This is followed by both 1 and 3 BHKs. The most preferred unit size for apartments here falls between 751 and 1000 square feet. This is followed by the 1001 and 1250 square feet range. This shows that buyers here seem to prefer compact apartments. The most preferred budget range for properties here falls between INR 30 to 40 lakhs.
This is followed by the INR 50 to 60 lakhs range. Per square feet buyers here are willing to spend anywhere between INR 4501 to 5000 on properties here. This is followed by the INR 4001 to 4500 per square feet range.
Experts feel that property rates in Vaishali peaked about 5 years ago. Though there is talk of the fact that Vaishali is moving towards saturation, the area still ranks among the top areas to look out for Ghaziabad. Properties such as flats in Vaishali will always be a hot commodity among property seekers.
Courtesy By :- http://ezinearticles.com/?Why-Flats-In-Vaishali-Are-Popular-Among-Property-Seekers&id=8763449
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