Property Rates in Ghaziabad - Comprehensive Overview

Navigate Ghaziabad's real estate with comprehensive property rate analysis.
Loan Against Property
APPLY
3 min
03 April 2024

Ghaziabad, a city in the state of Uttar Pradesh, is rapidly becoming a popular destination for real estate investment. With its proximity to Delhi and Noida, Ghaziabad is rapidly transforming into a commercial and residential hub.

Having knowledge of property rates in Ghaziabad simplifies the process for homeowners to obtain a Bajaj Finserv Loan Against Property. With this loan, you can access the necessary funds while retaining ownership of your valuable asset.

Factors influencing property rates Ghaziabad

Several factors impact the property rates Ghaziabad. Some of the primary factors include:

  1. Location - The location of the property plays a significant role in determining its price. Property located in prime areas such as Indirapuram, Raj Nagar extension, and Vaishali is relatively expensive in comparison to areas on the outskirts.
  2. Infrastructure - The availability of excellent infrastructure, such as transportation facilities like the Delhi Metro train network, roads, and other amenities such as hospitals, schools, and markets, plays a crucial role in influencing property rates.
  3. Builder's reputation - The reputation of the builder and the quality of construction are essential factors affecting the property rates. NCR builders with a good reputation often charge a premium for their properties.
  4. Supply and demand - Supply and demand are vital factors that influence property rates. The demand for property in Ghaziabad has been increasing steadily, and with the limited number of properties available, the prices have risen.

Residential property rates trends in Ghaziabad

The residential property rates Ghaziabad have been on the rise over the past few years. Indirapuram, Vaishali, and Raj Nagar extension are some of the prime residential areas in Ghaziabad, and property rates here are relatively high. The average price for a 2BHK apartment in these areas ranges from INR 40 lakh to INR 80 lakh, while a 3BHK apartment may cost anywhere between INR 50 lakh to INR 1.5 crores.

Commercial property rates trends in Ghaziabad

The commercial property rates Ghaziabad vary based on the location and infrastructure. Mohan Nagar, Bulandshahr road, and Meerut road are some of the popular commercial areas in Ghaziabad. Commercial properties such as offices and shops in Ghaziabad can cost anywhere between INR 30 lakh to INR 5 crores, depending on their size and location.

Upcoming infrastructure projects impacting property rates in Ghaziabad

The government is investing heavily in developing the infrastructure of Ghaziabad. Many upcoming projects will positively impact property rates in the city. These projects include:

  1. Delhi-Meerut expressway - The project will connect Delhi to Meerut and reduce the travelling time significantly. It will lead to overall development in the city and boost the real estate sector.
  2. Delhi-Mumbai Industrial Corridor - The project will enhance connectivity between Delhi and Mumbai and generate employment opportunities in Ghaziabad.
  3. Rapid Rail Transit System (RRTS) - The RRTS project will make transportation between Delhi and Noida more comfortable. Ghaziabad will become a crucial hub, and the property prices are expected to rise significantly.

Buying guide for property in Ghaziabad

If you are planning to invest in property in Ghaziabad, the following tips will be useful:

  1. Identify your budget and preferred location.
  2. Look for properties that match your requirements and visit them personally.
  3. Research the builder's reputation.
  4. Know the documentation involved while purchasing a property.
  5. Take a loan against property to finance your purchase.

The Ghaziabad real estate market is witnessing a remarkable surge, propelled by promising infrastructure developments on the horizon. As property values soar, many homeowners and investors are seeking ways to leverage their real estate assets to capitalise on these burgeoning opportunities.

Bajaj Finance offers a seamless and accessible platform for individuals seeking to unlock the value of their properties. Through a simplified online application process, applicants can initiate their loan request with ease, eliminating the need for extensive paperwork and long waiting times.

One of the key advantages of opting for a loan against property from Bajaj Finance is the convenience it offers. Whether you are looking to finance a new venture, consolidate debts, or address other financial needs, Bajaj Finance provides flexible solutions tailored to your requirements.

Moreover, with competitive interest rates and favourable terms, you can access substantial funds while leveraging their property's value. This not only provides immediate financial relief but also ensures efficient utilisation of your real estate assets.

By choosing Bajaj Finance for your loan against property needs, you can rest assured of a hassle-free experience. Apply online today!

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

What is the price of 100 Gaj plot in Ghaziabad?

The price of 100 Gaj plot in Ghaziabad can vary depending on the location, amenities, and market demand. However, according to recent trends, the price range can be anywhere between Rs. 20,000 - Rs. 80,000 per Gaj. Thus, the approximate price of 100 Gaj plot in Ghaziabad can be estimated at around Rs. 20 lakh - Rs. 80 lakh.

What is property rate in Ghaziabad?

The property rates in Ghaziabad vary depending on the location, amenities, and market demand. However, according to recent trends, the average property rate in Ghaziabad ranges from Rs. 2,000 - Rs. 10,000 per square feet. Thus, the cost of a property in Ghaziabad can vary from a few lakhs to several crores depending on the above factors.

What is the circle rate of property in Ghaziabad?

The circle rate of property in Ghaziabad is the minimum or benchmark rate at which the property can be registered by the government. Circle rates vary depending on the location and amenities of the property. However, the current circle rate for Ghaziabad is around Rs. 25,000 - Rs. 30,000 per square metre.

Is it good to buy flat in Ghaziabad?

Yes, it can be a good decision to invest in a flat in Ghaziabad as it is an upcoming and rapidly developing city with good connectivity and infrastructure. The demand for residential properties is increasing, making it a good market for investors. However, it is advisable to do proper research and due diligence before making any investment decision. One should consider factors like location, amenities, builder reputation, and connectivity before making a purchase.

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