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Real Estate Ghaziabad

Ghaziabad, one of the satellite cities of the National Capital Region (NCR) of Delhi is located in the state of Uttar Pradesh, India. Formerly known as a sleeping industrial city, Ghaziabad has come a long way in securing its place as one among the ten hottest and dynamic cities in the world (Source: Newsweek). This positioning of Ghaziabad on the world map comes following the most recent survey conducted by the United Nations, for cities with population exceeding 7.5 lakhs.

Ghaziabad is strategically located on the Grand Trunk road - connecting Bangladesh to Afghanistan. However, it scores over other similar cities due to its easy connectivity with the national capital Delhi and the rapidly industrialized city of Noida. As these three cities of Delhi, Noida and Ghaziabad is now considered as the triangle of industrialization and economic growth; it is also one of the many reasons for industries and corporates converging into Ghaziabad making it one of the promising business destinations of India. As the city today boasts of nearly 15,000 industrial units of all levels, there are also manufacturing units run by large companies like ITC and the multinational giant Coca Cola not to mention the foray of several IT &ITES and BPO companies.

This growing trend of economic prosperity along with favorable infrastructural facilities has made Ghaziabad one of the fastest growing cities in India. Though Ghaziabad is currently undergoing a state of metamorphosis in matters of investment, there has been a tremendous boost in its real estate growth. This is mainly due to its close proximity to Delhi and Noida; whose highly exorbitant property prices have made people working in those cities choose Ghaziabad as a comparatively cheaper option for real estate investments. Also until now a city free of congestion, Ghaziabad has inherent scopes for development of exclusive commercial properties either in the retail sector or for state-of-the-art office spaces.

Ghaziabad is emerging as one of the privileged cities for the BPO and ITES industry. This is due to its business location and connectivity with Delhi and an international airport by the 8-lane expressway, easy accessibility of work force from neighboring Delhi, Noida, Faridabad and Rajasthan and affordable property prices. Of late, Ghaziabad like most of the happening cities in India and specially the other satellite cities of NCR (Gurgaon, Noida, etc) is rapidly adapting the mall culture. Already decked with a mall space of 3 million sq.ft and one million more in the offing, Ghaziabad is fast transforming itself into an entertainment and retail hub creating opportunities for more investments in these sectors. The real estate prospects in the city combined with disposable incomes has led to a notable escalation of realty prices in the last couple of years. And if the trend continues, it will not be late before Ghaziabad is redefined as one of the 'hottest' cities.

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