Lifestyle

Shalimar Garden Property Market: An Overview

[ecis2016.org] Situated in the north-western part of Ghaziabad, Shalimar Garden has become a residential and commercial area with flourishing real estate market.

Shalimar Garden lies on the north of G.T. Road, bounded by Dilshad Garden (Delhi) on the west

You are reading: Shalimar Garden Property Market: An Overview

and Rajendra Nagar, Sahibabad on the east. Its northern boundary is formed by The Loni Road.

It comprises three wards of the Ghaziabad Municipal Corporation and has three major divisions:

Shalimar Garden (Main), Shalimar Garden Extension-I and Shalimar Garden Extension-II. The

area has a rich historical background as it has witnessed major historical events starting from the

battles during the reign of Sultan Muhammad bin-Tughluq to the Great Revolt of 1857.

The population of the area is cosmopolitan. The area has an advantage of an easy accessibility

from the central business district of Delhi. The area started developing from the late 1960s with

the coming up of new industrial start-ups like the Sahibabad Industrial area and with the growth

of small labour settlements.

Leading builders in Shalimar Garden area like Mahagun India Pvt. Ltd. and DLF properties

are coming up with numerous projects to make the area more attractive for the real estate market.

Connectivity with nearby Shalimar Garden localities:

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 The nearest metro station is Dilshad Garden which is situated at a distance of 2.5 kms.

 The nearest bus depot, Seemapuri Depot, is situated at a distance of 2 kms.

 Sahibabad is the nearest railway station which is only 4 kms away from the area.

 Other stations like Ghaziabad, Anand Vihar, New Delhi and Old Delhi Railway Station

are located nearby to the area.

Schools in Shalimar Garden and other social amenities:

Shalimar Garden has a number of reputed educational institutions. Some good schools in

Shalimar Garden are Krishna's Academy and Delhi Convent School. The region has various

movie halls like SM World Cinema and SM World Box Office and parks such as Ram Manohar

Lohia Park and the Chandra Shekhar Park.

Employment hubs near Shalimar Garden:

Ghaziabad is an important industrial hub in Uttar Pradesh and therefore Shalimar Garden is also

a seat of industrial development. It is situated very close to Shahdara, an important centre for

trade and commerce to the east of Yamuna.

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Physical infrastructure in Shalimar Garden:

Apartments in Shalimar Garden such as MR Proview Shalimar City and United Homes are

coming up in the recent years to accommodate the people who are willing to settle in the area.

Price trends in Shalimar Garden:

 Current property rates – INR 3527 per sq. ft.

 Rental price – INR 10,000 for 2 BHK flats.

Reasons to invest in Shalimar Garden:

The upsurge of the real estate market in this region is primarily because of the location and the

immense development that the area is witnessing in the recent times. Proximity to various

transportation facilities, affordable prices of properties and good connectivity are the key factors

for the development of the area. However, with rapid infrastructural development, the area is

becoming prone to frequent power cut and water scarcity. Nevertheless, these problems are now

getting sorted thereby making the area an ideal investment proposition.

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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