New Delhi, Dec 17, 2014: Suburbs that were once considered to be upcoming real estate destinations in the NCR just a few years ago are catching up fast with the pace of increased development running across the Delhi NCR with pushing the property prices out of the reach of the middle class population. But, all is not lost, as there are still some realty destinations in close proximity to the national capital where affordability is the tag line and quality is the USP. K W Srishti is one of the destinations which is being taken well by the home buyers, as it has most affordable range of properties in this area.
The project is located in Raj Nagar Extension, situated on NH 58 in Ghaziabad, a location that has been recording high residential demand because of its affordability and seamless connectivity to Delhi, Noida and other cities of Ghaziabad. Among other developers having projects at this location, KW Group of Ghaziabad is constructing its project KW Shrishti and in terms of affordability it has taken a lead in this area. Apart from being affordable, the project also promises to provide a good lifestyle to their customers.
Affordability is the key driver of the real estate prospects of Raj Nagar Extension and the most importantly, the prices here are still too far from the saturation level.
Besides affordability, it is due to its connectivity quotient and the quality of the properties being developed here, Raj Nagar Extension is bound to register strong growth. Already property prices at this location have registered over 80 per cent appreciation in the last two years.
Cashing in on such high potential growth, various real estate developers have launched their residential real estate projects at this location which are not only affordable but also offer good lifestyle to their customers.
Moreover, the USP of Raj Nagar Extension as a potential residential location is its adjoining greenery. Over 500 acres along river ‘Hindon’ that is located near this area has been declared as a green belt by Ghaziabad Development Authority. Not only this, but the authority has also banned all construction activities in this green belt. Pankaj Kumar Jain, Director, K W Group is also in support of GDA, as he states, ”Though development of area is important, but it’s more important to give a healthy environment to the people living in the area.”
In a nutshell, Raj Nagar Extension offers an ideal and serene setting for a pollution-free living in a well planned place with excellent connectivity to areas like Delhi through a proposed Metro link, and to Noida & Greater Noida by way of the proposed expressways.
In terms of road and metro accessibility, recently Ghaziabad Development Authority came forward to announce its plan to connect Raj Nagar Extension via a four-lane, 18km long elevated highway from UP Gate. In terms of connectivity, the area will further get a major boost when the proposed Metro Station at New Bus Stand (at Meerut Road Tiraha) will be constructed as per Metro Phase III plan. The proposed metro station is about 8 kms from this place and when completed, it will connect Kashmere Gate station directly to this place via Arthla, Rajendra Nagar, Raj Bagh, Shahid Nagar and Dilshad Garden.
Thus, the location offers an ideal and serene setting for a pollution-free living in a well-planned place with excellent connectivity to areas like Delhi through a proposed Metro link, and to Noida & Greater Noida by way of the proposed expressways.
Already, Raj Nagar Extension is well connected to Noida, Greater Noida and Delhi. The Vaishali Delhi Metro Station is at a distance of just 15 kilometres and there are plenty of intercity buses from the ISBT located just 3 kilometres away.
Connectivity and affordability of Raj Nagar Extension has transformed this location into one such place where abundance of residential options in well planned group housing complexes and mega townships are not only under construction, but are also readily available.
Unlike the other nearby destinations of the recent times, Raj Nagar Extension has grown into a bustling population centre where all the facilities and amenities are actually up and running. That the area is easily accessible from Delhi and other nearby areas in NCR has made it a heaven for the service class population. It has also emerged as a convenient location for the people who have to rush to various nearby locations, such as Modi Nagar, Muradnagar, Meerut, etc in Delhi NCR for their livelihood.
Also, when rapid saturation and price escalation has already distorted the real estate profile of most of the nearby realty destinations of Delhi NCR, Raj Nagar Extension on the other hand, has become a hotbed for property seekers.
Raj Nagar Extension that was once known as a sleepy destination has in the past two-three years has gone through a massive infrastructure improvement drive, before it emerged as the best choice for the buyers of all the three segments – residential, commercial and retail real estate properties and now the location is currently brimming with huge real estate potential and bustling with real estate development.
“Looking at the pace of development that it is witnessing, we can expect that very soon Raj Nagar Extension will start competing with the other areas of NCR for affordability, connectivity and lifestyle,” concludes Jain.CCI Newswire
