The second most populous metropolitan city after Mumbai, Delhi is a favoured destination for investing real properties. Owning a house in Delhi is a dream come true for many Indians.
However, during the last two decades, the surrounding areas of Delhi have grown in leaps and bounds not only in terms of economic development but as well as social developments. One of the sectors that have shown tremendous growth is the real estate sector. Despite economic slumps, the realty market of NCR has put up resilience that has transformed the skyline of the city. Satellite cities like Noida, Gurgaon, and Ghaziabad have come up in a great way in terms of real estate investments and the increasing number of end users.
INDIRAPURAM- A QUICK LOOK
However, these are not all. Another upcoming satellite town that is coming up greatly is Indirapuram. Located on NH-24, Indirapuram is a town that falls under the district of Ghaziabad. It is one of the sub cities of Ghaziabad along with Crossings Republik.
Well-connected to Noida and Delhi, the New Delhi railway station is around 45 kilometers from the locality and the nearest metro stations to Indirapuram are Vaishali and City Centre. One can easily avail shared autos from centre points such as LalKuan, Vijaynagar, AnandVihar and Ghazipur and also from Sector 62 in order to travel to Noida.
REAL ESTATE IN INDIRAPURAM
Even though the realty across the country seems to have felt the heat of the economic crunch, the upswing in the real estate market in some areas is still strong. Indirapuram is definitely one of them. If you visit any developer on a weekend you will find the place bustling with activities. Prospective buyers are always found to be visiting flats or apartments for surveying.
Indirapuram has been targeted by several developers and builders. One can find the presence of well-known builders such as Gaursons, Mahagun, Amrapali, SVP Group, Parsavnath, Ashiana, and Express Builders and many more. Moreover, the town already has social infrastructure that accentuates not only the real estate also the lifestyle and living standards of the residents of Indirapuram. As an upcoming town, Indirapuram has all the facilities that one can ask for —schools, colleges, hospitals, shopping malls and even markets where one can find regular stuff.
Investors are very hopeful about the prospects and the results that investments are going to yield in Indirapuram. According to them, vicinity of the town to cities like Noida, Ghaziabad and Vaishali has contributed a lot towards the development the town’s realty market.
One will mostly find high-rise apartments in Indirapuram while it comes to residential real estate. However, nowadays, villas and bungalows have also started coming up in the town. Prices in the apartments usually range from Rs. 3000 to Rs.3500 per square feet.
Though the connecting roadways to Indirapuram as well the roadways within the town need improvement to a large extent, and reaching during peak hours might be a little difficult, but then that is the story every big city has to narrate. NCR is no exception. Prime locations of Delhi like Connaught Place is not far, one can cover the distance within 45 minutes. Nehru Place and South Extension take around the same time to drive down.
Well-known educational institutions, big-shot software companies are just several minutes away from Indirapuram which makes it a suitable place to stay for single professionals. Moreover, since State Bank of India has reduced the home loans to 8% it has further pushed the realty souk of Indirapuram. The number of queries received from customers has shot up and the Commonwealth Games had been instrumental in improving the infrastructure of the town to a great extent. It is the availability of the basic infrastructure that sets apart Indirapuram realty market. Because of all these, investing in a property in Indarapuram is bound to yield good results in the near future. That is why, investors and end-users, all are targeting Indirapuram.
A place worth living, Indirapuram has come up a long way in the real estate market.
Author Bio: Sampurna Majumder writes on behalf of 99acres.com which is leading real estate portal providing genuine and accurate information about the current real estate trends and different properties available across various cities in India. Such as House in Noida, Delhi, Bangalore, Etc.
Categories: Real Estate
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