The fortunes of Ghaziabad have seen many ups and downs in the past, quite similar to the changing fortunes in a person’s life. While it has been a big industrial town of Western UP for long and close to the national capital, it could not match the rapid progress of Gurgaon and Noida. While they latter two made huge strides in infrastructure development and in attracting industries and investments over the years, Ghaziabad is only now trying to catch up with its more famous NCR counterparts. In any case, it is still an ideal place for all those who don’t have a generous budget to buy a house. If you are a salaried person looking for a decent home, then this town will not disappoint you. There are enough options for all those who are ready to buy houses in the range of Rs 25 lakh to Rs 30 lakh. Recently, we set out on a search mission for a property that fits the bill of people with a modest budget to spare for a house. There are certain pockets in Ghaziabad where you can get a good deal in Rs 25 lakh or a little more. The only thing is that one has to be very careful while going for these properties. Obviously, the property coming that cheap has some pitfalls also. In Sector 6 Vasundhara, you can get a 2-bedroom house (around 800 sq ft) for as low as Rs 24.5 lakh. The only negative point is that these flats are builder flats. Though the agent tells us that they all come equipped with pumps, etc, we have to be extra careful before going for the kill. The locality is no doubt good. Problems that persist in the area are power cuts and water availability. One can also get a plot in Karhera village on Loni road at Rs 6,000 per sq yard. The place is not developed as yet but people who want to invest for the future use can probably look at the option. Earlier, it was the agricultural land but now the plotting has started in the village. If you want to go further down the road from Karhera on Baghpat Road around 15km you can get plots in that price range at Tronica City. However, the only problem as of now seems the distance and that these places are not developed as yet. But who has ever thought of living on NH 58 or for that matter NH 24 – so, keeping the future in mind one can go for the investment. However, the caveat is that one should properly check all the necessary papers before going for a deal. Meanwhile, in Ghaziabad, you can also consider Raj Nagar Extension for your abode. It is on NH 58 in Ghaziabad and around 10km from Indirapuram and 15km from Delhi border. Samir Jasuja of PropEquity says that Raj Nagar Extension is turning out to be a bastion of affordable housing. Over one dozen developers, including SVP, Techman, Ajnara, Landcraft, KDP, SG Estates, Ashiana, Shree Energy, Quantum, Devika, ACC, Ascent and NCC Group are developing their projects here. All these developers are working together in order to develop Raj Nagar Extension in a big way. They have also formed an association that is working collectively towards the integrated development of this area. “We wanted to make sure that the people get infrastructure when they move in here. As this area is off the main road, Meerut bypass, the need is to give it a facelift and make it look like a posh locality,” says Sunil Jindal, CEO of SVP Group. This association is also working to set up a communication centre, which will disburse information about the developments in the area. They are also working to develop a website for the area. However, Ghaziabad-based journalist Ravi Arora cautions the would be buyers of flats in Raj Nagar Extension to be very careful while taking a final call in sealing a deal. “We have seen in the past that developers make all promises only on brochures and they fail to implement them in the actual projects,” Ravi Arora concludes. Ashok Gupta, MD of Ajnara Group, says that the location of this place also makes it a soughtafter proposition. From Delhi if you are moving towards Meerut, you have to take the road on your left as soon as you cross the Hindon river. This road has been recently developed and gives you a feel of the kind of society this area will attract. Imagination gets a boost once you see work on the GD Goenka International School going at a hectich pace on this road. A girl’s hostel, a vocational college and a training institute have also been announced in the vicinity of Raj Nagar Extension. The area will be connected through a six-lane expressway connecting GT Road with NH 58, which eventually goes straight to Dehradun via Meerut. Further, the proposed flyover and road from Hindon airbase will offer express connectivity to Delhi via Wazirabad. As per the latest policy development, the proposed Delhi-Haridwar highway will also pass through Raj Nagar Extension, further enhancing connectivity of the area. Raj Nagar Extension offers houses ranging from a 1BHK for Rs 12 lakh to a 3BHK for Rs 40 lakh. Apartments are being sold at the rate of Rs 1,750-1,950 per square feet. But, there is a rider – as developers started their projects only lately, you will the delivery of your home only after two-three years. So, if you can wait for this much of time then you must consider it. Source : http://content.magicbricks.com/affordable-housing-hub-ghaziabad Filed under: Builders/ Developers , Delhi , New projects Tagged: ACC , Ajnara , Ajnara Group , Ascent , Ashiana , Devika , Ghaziabad , KDP , Landcraft , NCC Group , Quantum , SG Estates , Shree Energy , SVP , Techman