[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:
Read also : Pallikaranai property market: An overview
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.
Read also : SG Estates to invest Rs 250 crores on housing project in Ghaziabad
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/.
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Source: https://ecis2016.org
Category: Lifestyle
