Lifestyle

Govindpuram property market: An overview

[ecis2016.org] Govindpuram has become one of the fastest emerging areas, offering a variety of residential choices to prospective home buyers in recent years

Govindpuram is a low-density population area in Ghaziabad, with green spaces dotting the landscape and affordable property prices. The locality caters to the housing needs of those with limited budgets. It also provides housing options to those working in the industrial zones nearby, including Kavi Nagar, Bulandshahr and Meerut Road.

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Regarding Govindpuram real estate, it is a developed area and even the GDA is showing considerable interest in building residential townships here. The area is close to NH-24.

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Leading developers and builders in Govindpuram area include Panchsheel Group and Adhaar Homes Group.

Connectivity with nearby Govindpuram localities

  • Located adjacent to the Hapur Road, Govindpuram enjoys excellent connectivity to Noida, east Delhi and Ghaziabad, through NH-24 and NH-58.
  • It has fast exit routes to Delhi and NCR.
  • It enjoys connectivity to UP Gate Meerut via Dasna. The place is also just 500 metres away from Eastern Peripheral Expressway, Ghaziabad.
  • The area is on the main GT Road, in a prime location with excellent connectivity by bus and other local transport.
  • The area is located near the crowded city of Ghaziabad.

Schools in Govindpuram and other social amenities

Reputed schools in Govindpuram area include Greenfield Public School and Brightland School. Some of the well-known colleges in Govindpuram area are Ideal School of Architecture and Anit Polytechnic, to name a few. Some of the hospitals in Govindpuram, which render medical services to the residents of the area are Maxwell Multi Speciality Hospital and Sudarshan Multi Speciality Hospital.

Physical infrastructure in Govindpuram

YPS Dwarika, Chitransh Dreams, Balaji Enclave and Green City 2 are some of the upcoming projects in Govindpuram that are offering housing units and residential plots to the home-buyers at an affordable rate, which in turn, is resulting in the development of the area as a densely populated residential zone.

  • Current property rates – Rs 2,350- Rs 2,900 per sq ft.
  • Rental price for 2 BHK flats – Rs 6,000.
  • Rental price for 3 BHK flats – Rs 7,000- Rs 9,000.
  • Price appreciation – Property prices in the area have fallen from Rs 3,050 per sq ft in 2012 to Rs 2,600 in 2014, implying a depreciation of 14.75 per cent.

Reasons to invest in Govindpuram

Read also : Top 7 Funding Options for Commercial Real Estate

Undoubtedly the area has shown massive progress, in terms of development in the real estate market. With the location of the area, with its proximity to major transport facilities as well as an eco-friendly environment with spacious greenery, Govindpuram has become one of the best regions for investors and property buyers. Despite having good connectivity and a strategic location, the area suffers from the lack of civic amenities and poor infrastructure. However, with the improvement of both physical and social infrastructure, the area promises to be a profitable investment zone.

Check properties in Govindpuram

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle

Debora Berti

Università degli Studi di Firenze, IT

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