[ecis2016.org] Vasundhara, a township in Ghaziabad, is undergoing immense development as a result of which, its real estate market is flourishing
Vasundhara falls in the National Capital Region (NCR) and was primarily formed by the Uttar Pradesh Housing and Development Authority in the late 1990s. It is one of the biggest residential and commercial hubs in the Delhi NCR.
You are reading: Vasundhara property market: An overview
The area is a 1,000-acre township and is governed by the Ghaziabad Development Authority. Located on Madan Mohan Malviya Marg, a connecting road for Anand Vihar ISBT, Mohan Nagar and the upper link road of Trans-Hindon Ghaziabad, the area is well-connected to New Delhi and to other states. The township is laid out in an organised manner, consisting of 17 sectors with the availability of various eateries, shops, malls, schools and parks.
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Leading developers and builders in Vasundhara area like JNC Group and Gardenia Group are coming up with numerous projects, to make the area attractive for the real estate market.
Connectivity with nearby Vasundhara localities
- The area is easily accessible from different regions such as Noida and New Delhi.
- Proximity of the area to DMRC metro system which is the cheapest, safest and fastest way to connect to Delhi NCR.
- Vaishali is the nearest metro rail station, which is located at a distance of 2 kilometres from the area.
- Sahidabad, the nearest railway station is situated only at a distance of two-and-a-half kilometres from the area.
Arwachin Public School and Vanasthali Public School are the reputed schools in Vasundhara. Amity University and Mewar Institute of Management are the nearby colleges in Vasundhara. Also, there are various recreational and amusement parks like Aadarsh and Central Park in the locality.
Physical infrastructure in Vasundhara
Big-ticket and luxurious projects, such as JNC Greenwoods and Ekdant Dronagiri are coming up in the nearby Vasundhara localities, which show the flourishing real estate market in the region and further indicate growth and development for the area.
Price trends in Vasundhara
- Current property rates –Rs 4,980 per sq ft.
- Rental price –Rs 12,700 for 2-BHK flats.
Reasons to invest in Vasundhara
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Considering the steady development and affordable property rates, the region is witnessing a rise in demand for housing units. The region is not far from developing into a huge market for the services-delivery sector and a profit-making commercial hub. There is a tremendous upsurge in the real estate market in the area, as evident from the various ongoing developmental projects, high-rise apartments, commercial buildings and independent houses in Vasundhara. However, the major drawback of the area is in terms of over-population due to the continuous immigration of new residents from other parts, which is giving rise to the several problems such as traffic congestion and noise-pollution. Nevertheless, once the Delhi Metro is extended to Vasundhara, the place will experience better connectivity, making it an ideal destination for property buyers and investors.
Check properties in Vasundhara
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Source: https://ecis2016.org
Category: Lifestyle
