Ghaziabad

Year

2000

About

Ghaziabad is a city in the Indian state of Uttar Pradesh and a part of the National Capital Region of Delhi. It is the administrative headquarters of Ghaziabad district and is the largest city in western Uttar Pradesh, with a population of 1,729,000.

Ghaziabad Municipal Corporation is divided into 5 zones - City Zone, Kavi Nagar Zone, Vijay Nagar Zone, Mohan Nagar Zone and Vasundhara Zone. Well connected by roads and railways, it is a major rail junction for North India. It is sometimes referred to as the "Gateway of Uttar Pradesh" because it is close to New Delhi, on the main route into Uttar Pradesh. Recent construction works have led to the city being described by a City Mayors Foundation survey as the second fastest-growing in the world.Situated in the Upper Gangetic Plains, the city has two major divisions separated by the Hindon River, namely Trans-Hindon on the west and Cis-Hindon on the east.

Although connected by railway since 1865, it was not until 1940 that the first modern industry appeared in Ghaziabad. However, it was in the post-independence period that industry really expanded, with a further 22 factories opening in the four years after 1947. This development can be attributed to the influx of people from the newly formed Pakistan and the relocation of businesses from what was now the Pakistani province of Punjab. John Oakey and Mohan Ltd., one of India's largest concerns manufacturing coated and bonded abrasives, and originally functioning under the name of 'National Abrasives' at Rawalpindi was shifted here under the proprietorship of 'Dyer Meakins' in 1947.Subsequently, the Mohan Meakin breweries were also set up in the year 1949. This period also saw the development of Ghaziabad as one of India's most famous centres of the Oil Engines industry. 

In 1967, the municipal limits were extended up to the Delhi-UP border. Starting in the early 1970s, many steel-manufacturing units also came up in the city making it one of the primary industries of the city. This period also saw the emergence of the Electronics industry, with the setting up of Bharat Electronics Limited and Central Electronics Limited Over the years, planned Industrial development saw participation from major industrial houses of the country including Mohans (Mohan Nagar Industrial Estate, 1949), Tatas (Tata Oil Mills), Modis (Modinagar, 1933; International Tobacco Co. 1967), Shri Rams (Shri Ram Pistons, 1964), Jaipurias etc. and also significant participation through foreign capital in concerns such as Danfoss India Ltd. (estd. 1968); Indo- Bulgar Food Ltd. and International Tobacco Company (estd. 1967).

Why Invest in Ghaziabad Real estate?

At present, Ghaziabad is on a transformation drive. Recently, it has been awarded the “Fastest Mover Big City” by Ministry of Housing & Urban Affairs because of its cleanliness drive. With a number of ongoing and upcoming infrastructure projects, the real estate sector in Ghaziabad is likely to see a boost in the coming years.

After the commercialization of Gurgaon and Noida, it is the real estate sector in Ghaziabad that is attracting attention. Be it those looking for investing in properties to those on the lookout for their dream home, real estate companies in Ghaziabad have projects for everyone. Ghaziabad, with a number of upcoming infrastructure projects, is set to become a residential hub, and is already attracting the same interest as places like Gurgaon or Noida do in the real estate market. Here are some of the reasons that have made the real estate in Ghaziabad a hot commodity.

1. Road & Metro Connectivity

Situated on the Grand Trunk Road, Ghaziabad is well-connected to other cities. At the same time, it is also well-connected to other areas of NCR such as Noida, Greater Noida and Delhi. Then there is the benefit of Metro connectivity, providing easy conveyance to office goers. And with metro link from Noida sector 62 to Indirapuram to soon become a reality, Ghaziabad will definitely boast of high-speed connectivity. If that was not enough, then there is also the elevated six lane road from NH-24 in Ghaziabad to Raj Nagar Extension.

2. Rapid Rail Transit System 

Rapid Rail Transit System (RRTS) is another project that will enhance Ghaziabad’s connectivity with other cities. The RRTS from Delhi to Meerut will pass through Ghaziabad and will later be expanded to 16 areas of the NCR. The high speed rail network will allow you to travel 92 kilometers in around 50 minutes.

3. City Limits

Like most other cities, Ghaziabad is rapidly expanding. Real estate companies in Ghaziabad are focusing more on the outskirts of the city. With the city administration planning to increase the city limits, this should dispel any doubts about investing in real estate projects located on the outskirts. Areas such as, Morti, Bhowapur, Ator Nangla, Mohun Pur and Mohiddinpur will soon become a part of the Ghaziabad City.

4. Amenities

With basic amenities like hospitals, schools and malls within a radius of few kilometers, Ghaziabad presents a very ideal location for buying a home.

5. Industrial Hub 

As an industrial hub, Ghaziabad attracts a large work force from all across the country. The arrival of multinational companies like Coca-Cola and ITC has only increased the profile of the area. In fact, Ghaziabad is well on its way to become an IT and BPO destination. This will further raise the demand for affordable housing in Ghaziabad.

As you can see, there are number of other factors that are in favor of Ghaziabad. The area is seeing tangible growth in real estate which is being driven by some of the most reputed real estate companies in Ghaziabad. In parallel, the region is witnessing strong infrastructural development as well. Add to that the fact that Ghaziabad offers housing options which are much more affordable as compared to Noida and Gurgaon, its reputation of being a preferred location of residence has weight to it.

Wave City

Size

213 Acres

Location

NH 24, Ghaziabad

Year

2018 Ready to move in

Price per sqft.

3076 - 27405

About

Wave City, adjacent to NH 24 is a society where you will get state-of-art independent floors, mid-rise apartments, villas, affordable housing units and shop & office spaces. Our each and every unit, regardless of scope, size or complexity meets international standard and is the pinnacle of fine living.

The soaring ceilings, generous bedrooms, superior kitchen, stylish angles & quality fittings will give you an unrivalled lifestyle. The city offers smart features like Fiber Optic Connectivity, 24X7 CCTV surveillance, Automated Water Management, Street Light Automation, Waste Management, Central Command Centre and Smart Metering System to name a few.

Wave Galleria

Size

2.5 Acre

Location

Wave city, NH 24, Ghaziabad

Year

under construction

Prices per sqft

5500 - 8200 B.S.P.

About

Wave Galleria is the first commercial complex launched in Wave City by Wave Infratech. It has a thoughtful design and is well equipped with all the modern day amenities as well as basic facilities. The project offers a mix of retail outlets, office spaces and food joints. Project Details Architect: Studio AMK Features Centrally air conditioned Open terrace for popular food joints Traffic management along with GPS enabled Bus Rapid Transport (BRT) system Proximity 4.3 kms from Bisrakh Mode Bus Stop 4.5 kms from Mother International School 3.0 kms from Government Ayurvedic Hospital 5.0 kms from HDFC Bank Branch / ATM 4.3 kms from Dadi Satti Mandir 4.5 kms from Indian Oil

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