http://skbdevelopers.com/
When we talk about Ghaziabad, the first picture that comes to
mind is the development – residential and commercial – taking place near NH-24.
It will not be wrong to say that this highway acted as a facilitator for
Ghaziabad’s real estate market.
Places
that were seen as ‘not-so-chic’ for Delhiites in early 2000 turned out to be
the most prized in the NCR. Another factor that is working to enhance the
demand is the extension of the Metro line from Vaishali to Arthala.
The interest
NH-24 came
into prominence with the launch of Crossings Republik, where many developers
came together to provide affordable houses. According to a study, prices at
Crossings Republik started at around Rs 1,800 per sq ft and, in one year, went
up to Rs 2,000 per sq ft before dipping again to Rs 1,800 per sq ft in Q2 of
2009. Prices kept on oscillating from Q3 of 2010 and in Q1 of 2011 reached
around Rs 2,100 per sq ft.
“People have been responding well to the projects on this
stretch, as was evident by the enquiries for all the projects. The recent
launch of township projects in this part of the NCR is a welcome development. A
township project takes around 10 years to take shape with wellplanned developments.
Transport corridors like national highways and state highways across India have
witnessed significant real estate development
during the real estate boom.
The
government has also helped in boosting and promoting industrialization in these
areas. Combination of production units, public utilities, logistics,
environmental protection facilities, residential areas, social infrastructure,
administrative services and industrial areas has been systematically planned
along corridors.
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