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