Raj Nagar Extension: A Hot Real Estate Location in Ghaziabad

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Published: 06th February 2017
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A luxurious home of your choice and that too the one which perfectly fits into your budget, isn’t that too much to ask when you stay in Delhi/NCR? It may sound a bit a too rosy but with the real estate development at Raj Nagar Extension, the picture shapes like this. Raj Nagar Extension has emerged as a promising location for a wide range of middle-class buyers in the past few years. With its USP “Home in your Budget”, Raj Nagar Extension has managed to attract a plethora of investors. While the neighboring localities like Noida extension and Crossing Republik were battling with their never ending Land acquisitions and Dumping Ground issues, Raj Nagar Extension continued to be a safe option for the investors to put their money into.

What Stands Out For Raj Nagar Extension?

Social & Physical Infrastructure
The schools, colleges, shopping centers, healthcare facilities; name it and you will find it in Raj Nagar Extension. Leading schools like GD Goenka and Delhi Public School are situated nearby. Along with it, IMT Ghaziabad and two major shopping centers Ajnara Market and River Height Plaza are located in the proximity to this place. If we talk about the infrastructure, the place has got all and everything that a family requires. The locality is in the vicinity of posh colonies of Ghaziabad and provides easy connectivity to parts of Delhi and Western Uttar Pradesh via NH-58. Also, the metro project is knocking the doors of Raj Nagar Extension.

No Controversies
One of the defining reasons behind the success story of Raj Nagar Extension is the clean record. The area has maintained distance with issues like the land acquisitions, dumping grounds and others that slowdown the pace of development. Raj Nagar Extension attracted thousands of investors meanwhile the construction in neighboring housing localities Crossing Republik and Noida Expressway was at a halt.

“Home in Your Budget” this stands to be the USP of the whole project. When prices in nearby areas of Delhi/NCR are soaring Raj Nagar Extension has still remains within the reach for a larger section, by providing variegated options to all middle-class buyers ranging from Rs 2,400- Rs 3,200/sq ft. The data shows, on an average, you will find 1000sq ft apartment in the Raj Nagar Extension within the range of 24-32 Lakh, which is much lower if we compare the prices of 2BHK in nearby areas of Vaishali and Indirapuram with just 5 and 12 percent availability of property below the range of 40 Lakh.

Proximity to Posh Areas of Delhi/NCR
Raj Nagar Extension is located just 12 Km away from Delhi border and is connected closely to nearby localities of Ghaziabad like Raj Nagar, Kavi Nagar, Vaishali, Vasundhara, and Indirapuram. The areas are well connected by NH- 24 AND NH-58.

Adjoining Greenbelt
One of the distinct features of Raj Nagar Extension is the adjoining green belt. The authorities have restricted the construction activities along the green belt of adjacent to Hindon River to insulate it against pollution. Despite being surrounded by the busiest colonies of Ghaziabad, Raj Nagar Extension offers a serene and pollution free environment to the residents.

Future Prospects
· It is anticipated that Raj Nagar Extension will soon match the growth rate of premium areas in Gurgaon like Golf Course Extension due to its connectivity to the airport.
· The work on 6 lane expressway connecting GT Road to NH-58 and proposed metro line is underway.
· The proposed Delhi-Haridwar highway will pass through Raj Nagar Extension; it would further contribute to better connectivity.
· The UP Government is coming up with an educational institute, a training center and a girl’s hostel in the surroundings of Raj Nagar Extension

All these factors are definitely going to act as a game changer in the growth of Raj Nagar Extension. Even from the rental point of view, the Raj Nagar Extension offers better prospects to the investors compared to adjacent locations.

You have just read a post by Rahul Maurya. As a curious Real Estate Consultant in Ghaziabad, he keeps a close watch on the realty trends on a global level and shares his opinion on topics that he finds meaningful to a larger section of the consumer base.

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