Shastri Nagar Property Market: An Overview

[ecis2016.org] Shastri Nagar, a region in Ghaziabad, is one of the posh residential areas of NCR. It is undergoing tremendous developmental activities these days.

Bounded by Surdas Marg and Rani Jhansi Marg, Shastri Nagar can be easily accessed from NH 24 which

You are reading: Shastri Nagar Property Market: An Overview

acts as a passage to Delhi and Noida. Nearby Shastri Nagar localities include Govindpuram, Lal Kuan,

Chaudhary More, Dasna, Nehru Nagar 2 and 3, Rasulpur Sikroda and Kamla Nehru Nagar. Nearby cities

to the area are Greater Noida, Ghaziabad, Noida.

Shastri Nagar receives a steady demand for residential properties due to the availability of quality housing

in all budget categories. The area is well-equipped with civic amenities like schools, hospitals, parks and

restaurants. Metro connectivity is also coming up. There are several mid-range and premium projects in

the area.

Savfab Developers Pvt. Ltd., Sudha Satish Buildcon and Mahagun Group are the leading developers and

builders in Shastri Nagar. They are coming up with luxurious residential and commercial projects at an

affordable price in the area.

Connectivity with nearby Shastri Nagar localities:

Read also : Lenders to seek fresh bids for debt-saddled Lavasa

 The nearest bus stoppage to the area is Govindpuram Bus Stop.

 It takes only 13 minutes to travel from the area to Ghaziabad Railway Station, which is the

nearest rail station situated at a distance of only 11 kms.

 It takes about 57 minutes of time to travel from Shastri Nagar to Indira Gandhi International

Airport, which is situated at a distance of 48 kms from the area.

 Vaishali Metro Station is the nearest metro station which is located at a distance of about 22 kms

from the area.

Schools in Shastri Nagar and other social amenities:

Some of the well-known educational institutions and schools in Shastri Nagar that are located nearby to

the area include Nehru World School, GPS School and Campus School. Apex Multi Speciality Hospital

and Ashoka Hospital are the renowned hospitals in Shastri Nagar. Chiranjeev Vihar Shopping Center

and Vinayak Palace are some of the shopping malls in Shastri Nagar. Siddhpeeth Shree Maha Kaali

Mandir and Dayanand Vatika (Arya Samaj Satsang) are the places of worship in the locality. Some of the

parks in the area that provide with the entertainment and recreation to the residents of the area include

Read also : Delhi assembly committee seeks list of properties sealed

Central Park and Shree Vinayak Greens & Farms.

Physical infrastructure in Shastri Nagar:

Panchsheel Primrose, Savfab Jasmine Grove, Ansal Ansals Aavantika and Mahagun Mahagunpuram II

are some of the high-rise, luxurious and popular projects that are coming up in the area.

Price trends in Shastri Nagar:

 Current property rates – INR 5,450 per sq. ft.

 Price appreciation – 2.8%

Reasons to invest in Shastri Nagar:

Affordable property prices, upcoming residential and commercial projects, good connectivity and social

amenities are the key factors which are leading to the development and growth of the area as a densely

populated residential zone. However, the area needs to develop itself as an employment hub so as to

absorb young, educated and skilled people of the area in to different sectors. But with all the other

facilities and development, the area proves to be a good investment site.

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

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