Ghaziabad and its adjacent areas are offering alluring options to the middle class people with a small budget, and the time is right for a deal, says Sarthak
Are you a middleclass guy keen to buy a house of your dreams? If that is so, you must try Ghaziabad. It gives you enough options in the range of Rs 25 lakh and above. Unlike in the recent months, or should we say when the correction in realty prices did not start, now there are several agents who will try to help you in finding your dream house.
There are many places in Ghaziabad where you can get a good deal, in the range of Rs 25-50 lakh, and above. The only thing is one has to be very careful while going for these properties. Obviously, a property coming that cheap has some pitfalls as well.
Again, in recent times, when only lesser-known developers were offering houses in the range of Rs 25 lakh, topnotch realty firms like SVP group, Assotech, Saviour builders, and Supertech have joined the bandwagon and are building flats for working class people.
R K Arora, CMD of Supertch Limited, is of the view that Ghaziabad gives many options to buyers, with a not very generous budget, to grab a good flat, compared to other known NCR towns like Noida, Greater Noida, or Gurgaon. Thus, it is high time prospective buyers found a house of their choice in this bustling city. Arora’s own company has a project, Livingston, in Crossing Republic in Ghaziabad.
One of the most sought after destinations in Ghaziabad these days is NH-58. Around 18 developers are coming up with their projects on this stretch. And, most of these developers have 2-bedroom houses of approximately 1,000 sq ft, in the Rs 25 lakh price range, including EDC (external development charges) and car parking (excluding registration fee that will be applicable after around two years or at the time of delivery).
Further, down the road on NH-58, one should be ready for plottings also. As a lot of this place is in the low-lying area, it might soon come up for plotting. And the expected price will be within the range of a middle class person.
“In our project Gulmohar Greens, we have around 400 houses of around 1,000 sq ft that are priced at around Rs 21 lakh, and with EDCs and other charges, it cost around Rs 24-25 lakh, excluding registration fee that will be applicable at the time of delivery,” says Sunil Jindal, chairman of SVP Group.
Realty companies like SVP group, Antriksh, MSX Developers, SCC Heights, Panchsheel Primose, and SG Estate are also building affordable houses on NH-58, and also at other places like Kavi Nagar, Crossing Republik on NH-24 and faroff places in the vicinity of Ghaziabad.
The only problem that a Delhiite may face is that of commuting. The actual time of travel will increase and most of these places are not well developed for a high standard of living. All those looking for a house in the price range of Rs 25 lakh is that they should be extra careful while striking a deal.
To meet the housing demand in a period of recession, SVP group is going to launch affordable housing scheme at Raj Nagar Extension on NH-58. There will be more than 500 2-BHK flats, with an area of 950-1,000 sq ft (2-BHK and store) at the rate of Rs 1,892 per sq ft, says Sunil Jindal.
Panchsheel Primose is launching 2-BHK projects on Hapur Road, which cost around Rs 9.99 lakh. SCC Heights brings is a 2-BHK project at Raj Nagar Extension, on NH-58, costing around Rs 13.68 lakh only, while SG Estate Ltd is launching 2-BHK projects for just Rs 14.99 lakh on NH-58.
Like SG Estate, SCC Heights, SVP, MSX and several other builders are planning to build affordably priced houses on both NH-58 and NH-24. Antriksh Group has already taken possession of land from concerned authority to launch their affordable housing project.
And if we talk about Sector 6, Vasundhara, you can get a 2-bedroom house (800 sq ft) for as low as Rs. 22.5 lakh. The only drawback is that these flats are builder flats. Though the agent tells us that they all come equipped with pumps etc, we have to be extra careful before going for the kill.
The locality is no doubt good - the problems plaguing the area are incessant power cuts and low water supply.
The other options here are Awas Vikas flats that will come up in Sector-17, Vasundhra. “Though it will take time to come up,” says Ashok Singh of Fair Properties, “it is advisable to go for houses by private developer if you need a house urgently.”
One can also get a plot in Karhera village on Loni road at Rs 6,000 per sq yard. The place is not developed as yet but people, who want to invest with an eye on future prospects, can probably look at the option. Earlier, it was the agricultural land, but now plotting has started in the villages as well.
If one wants to go further down the road from Karhera on Baghpat Road, plots in that price range are available at Tronica City, around 15 km away. The only problem, as of now, seems to be one of distance and that these places are not developed as yet. But, who ever thought of living on NH-58, or for that matter NH-24, even a few years ago? Keeping the future developments in mind, one can go for an investment here. However, the caveat is one should check all the necessary papers before going any deal.
Courtesy:- TOI dt:- 18-07-09
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