Why should you buy in Indirapuram, Ghaziabad?
Indirapuram in Ghaziabad is a prominent residential neighbourhood and a preferred neighbourhood because of its closeness to Delhi and Noida. It is situated along the Delhi-Meerut Expressway (NE-3). Throughout the years, the micro-market has seen tremendous real estate growth, with typical property values averaging around 6,000 per square foot. Indirapuram is separated into Khands, such as Niti Khand, Abhay Khand, Gyan Khand, Nyay Khand, Vaibhav Khand, Shakti Khand, and Ahinsa Khand, which provide inhabitants with a combination of commercial and residential services. Residents can walk to everything, including schools, shops, gyms, hairdressers, and grocery stores. But which Khand is the finest to invest in Indirapuram? Let us investigate!
What is the investment scenario for Indirapuram residential real estate?
Indirapuram’s average property value is roughly Rs 6,000 per sq ft, up more than 10% year on year and more than 20% in the last three years (Source: insider report). Monthly rent for a two-bedroom property in this area is roughly Rs 16,000 per month. Indirapuram’s accessibility to Vaishali Metro Station in Ghaziabad and Electronic City Metro Station in Noida through Kaala Pathar Road is what sustains housing demand afloat. The five-kilometer drive to business centres in Sectors 62 and 63 of Noida through Kasturba Gandhi Marg adds to the rental appeal. Furthermore, the Sahibabad Industrial Area in Ghaziabad is only about nine kilometres away.
How is the Indirapuram real estate market doing?
The accessibility of excellent homes, contemporary facilities, and closeness to cities like as Noida, Meerut, and Delhi have all contributed to an increase in demand for residential properties in Indirapuram. Furthermore, the standards and facilities supplied by developers in Indirapuram are comparable to those offered in Noida and Gurgaon. Ramaprastha Urban Development, Aegis Homes, and Apex Builcon India Private India are some of the well-known developers with projects in Indirapuram.
At Indirapuram, 3 BHK apartments account for over half of the residential inventory, while 2 BHK variants account for roughly 30 percent of the stock (Source: insider report). Floor units from independent builders represent the market supply here, with high-rise flats following suit. Ahinsa Khand and Vaibhav Khand are the two most populous Khands in Indirapuram, with a huge number of residential societies and utilities. Some famous areas with builder floor flats are Shakti Khand and Gyan Khand. In addition, housing values in these areas have increased by 11-18% year on year, with prices today ranging between Rs 5,000 and Rs 6,500 per square foot.
Most Indirapuram housing societies have amenities such as a swimming pool, club, gym, filtration systems system, security, and power backup, among others. The existence of a high number of walled compounds and security guards also contributes to inhabitants’ sense of security and peace of mind.
How well is Indirapuram linked to the rest of the NCR?
With several transit options accessible, including bus services, the metro, taxis, and auto-rickshaws, the neighbourhood is well connected to other areas of the National Capital Region (NCR). It’s also close to key routes like NE-3 and Kaala Pathar, making it excellent for individuals who need to commute to surrounding cities for employment. The Indira Gandhi International Airport is around 45 kilometres distant. The Anand Vihar bus stop is around 10 kilometres away.
The neighbourhood is in the limelight since it is only six kilometres from the future Delhi-Meerut Rapid Rail Transit System (RRTS) Station at Sahibabad. The Sahibabad segment is a priority portion of the 82.15 km long RRTS route, and it is scheduled to open in June 2023. Moreover, proposed multi-level parking and a forthcoming metro station are major growth drivers.
Indirapuram’s Citizens Evaluated It As A Good Place To Live.
Past and present people who live in the area as owners or tenants rated Indirapuram 4.5 out of 5 on online Ratings & Reviews Portal. It does well in terms of connection and entertainment, however critics have noted congestion problems in several areas. The Ghaziabad Development Authority (GDA) has suggested a Hindon overpass refurbishment in the neighbourhood to address future traffic needs.
In a nutshell, Indirapuram has become a popular destination for families searching a pleasant living experience due to its well-connected location, contemporary facilities, and low crime rate. It is essential to speak with a local real estate agent before making an Indirapuram real estate investment, though. Several site visits would also aid in getting a better understanding of the property and making a choice.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.