Ghaziabad is one of the prominent neighborhood in NCR circuit which is witnessing speedy growth in terms of real estate. Some of the well-developed residential cluster of the city include, Vaishali, Indirapuram, Kaushambi, Vasundhara, and Siddhartha Vihar all of which have several real estate projects offering housing solutions to families which are operational in the National Capital Region. Lal Kuan and Raj Nagar are among the upcoming destinations in Ghaziabad, which have recently witnessed a surge in demand in terms of real estate, and the stretch of land alongside NH-24 also finds its place among the most sought after investment options. Over the last quarter, the demand and supply of property in Ghaziabad has been majorly focused on residential apartments which include 2 BHK and 3 BHK units. The preferred budget range of buyers ranges between Rs. 20 and 70 Lakhs, depending on the configuration of the living spaces.
Over the last couple of years real estate market in Ghaziabad has seen much appreciation in terms of property prices. Though, the city has also attracted major chunks of mid-segment home buyers as the locality has a good supply read to move in apartments in affordable price range. The new residential destination like Raj Nagar Extension and locality along the NH-24 highway are attracting wide segment of aspiring home buyers. Upcoming metro routes in the locality will boost the property rates in Ghaziabad and its surrounding corridors. The new infrastructural improvements in the area has driven the construction of residential and commercial property. The investors or end users have recorded their interest to buy property in the locality in huge number. Some of the reputed builders have made their strong presence in the locality include Supertech, Amrapali, Gaursons, Unitech, Unnati, Prateek, Ajnara, Lotus Greens etc.