The demand for Ghaziabad Property due to industrialization and strategic location of the city is rising. It is an industrial town of Uttar Pradesh and situated just 19 km east of Delhi. The recent real estate developments include construction of multiplexes, malls, super markets and flyovers. All these have really made the city look more stylish. Now Ghaziabad is one of the most dynamic cities in the world. The city was founded by the emperor Ghazi-ud-din in 1740 and got its name after him. The main business in Ghaziabad is in manufacturing of railway coaches, diesel engines, picture tubes, glassware etc. Owing to its connectivity to Delhi and International Airport by highway it is a seat of many leading IT and BPO companies.
Properties in Ghaziabad
Large-scale economic development has led to the growth of the Real Estate Market in Ghaziabad. The comparatively high property rates in Delhi and Gurgaon have made people to think to live in this city. Sometimes people buy property there for the sake of investments. Many real estate properties in Ghaziabad are available to be bought or sold and ever for rent and lease. Further improvement in the real estate is because residential real estate is getting new shapes. The low-cost flats and apartments built by Ghaziabad Development Authority are major attractions for homeless people. The massive influx of people to buy application form from GDA counter or website when a new housing scheme is announced by the authority show the popularity level of residential properties in Ghaziabad.
Ghaziabad Development Authority
Ghaziabad Development Authority (GDA) has constructed almost 99824 houses. It is coming up with many residential colonies having commercial complexes in them. They construct flats like LIG, MIG, HIG and apartments by keeping the needs of people in mind. The real estate is tremendously changing and transforming into a big business in Ghaziabad. This in turn is giving a great business to the real estate property agents, builders, and interior designers . Developers and constructors do not find any problem in getting Building Material because of city's proximity to Delhi.
Ghaziabad Property Tax
Property Tax in Ghaziabad is levied by the Municipal Corporation, which has divided the city into different zones for the purpose of tax collection. The Municipality is also responsible for any changes or alteration in tax laws and regulations. Apart from this, Ghaziabad Nagar Nigam looks after the the new construction requirement of the city and gives approval to upcoming projects, building plans and codes. You can visit the website www.ghaziabad.nic.in/ to know more about the function of Ghaziabad Municipal Corporation.
Property Rates in Ghaziabad
Location
Independent Houses (Rs per sq. yd.)
Apartments (Rs per sq. ft.)
Rentals for 2 BHK (Rs per month)
Vaishali
2500-3500
6500-15500
Indirapuram
2600-4200
5500-10000
Kaushambi
2600-3800
14000-32000
Vasundhara
2500-3200
7500-15500
Ghaziabad Property Dealers
Since massive development has been taking place in the city there are a number of property dealers in Ghaziabad. They give whole lot of valuable information in buying, selling or renting a property. The residential property here is the most sought after as the majority of workforce come from the nearby cities. Even people living closer to the city are thinking of buying a home in Ghaziabad. For their convenience easy home loans are available in almost all the big banks and financial institution.
The experienced and professional architects and decorators are further doing things to change the façade of the city. It is worth taking property in Ghaziabad.
