Not many housing options for you
Most of the flats in Vaishali are available in the secondary market. Civic issues need to be addressed urgently too
Vaishali is a suburb located just about a kilometre from Delhi. Having witnessed intensive construction activity over the last few years, it has developed from a builder-floor locality to one that offers a wide range of accommodation options such as society flats and even a township. Prices too have hit the roof ever since the Metro became operational. Today, it is the lifeline of not only residents from the area but the whole of Ghaziabad.
Vaishali is part of an old cluster of satellite cities around Delhi, which also include Vasundhara and Indirapuram. People who have set up base here include many who lived in rented housing in neighbouring Mayur Vihar or Patparganj. It is also preferred by people who work in either east Delhi or Noida.
Several commercial complexes, corporate hubs, workplace suites and malls - Mahagun City, Shopprix and Ansal Plaza, to name a few - have come up here with schools, hospitals and other basic facilities. Developers active in the area include Gaursons, Mahagun, Ajnara, Express, Ansals and Leela Homes. The area also boasts of the first e-homes project by Dasnac Designarch, which has two towers with 124 apartments and an interesting automated parking facility. The apartment sizes range from 1800 sq ft (2BHK and 3BHK)to 8000 sq ft (penthouses). The company launched the project at around R3000 per sq ft in 2009 and rates for units available now in the secondary market could be about R8500 per sq ft.
Vaishali is more or less an exhausted market with hardly any new projects in the area. Most of the projects that were launched some years ago are now fully occupied.
If you want to buy an apartment here, you will have to check out the secondary market. All that is available in the primary market are a few builder homes, and an upcoming project called Cloud 9 that offers options in studios, 2BHK, 3BHK and 4BHK apartments. The sizes of these units range from 600 sq ft to 1476 sq ft. The project, according to the developer, will be handed over by the end of next year.
There are very few places in Delhi NCR that are as close to the Capital as Vaishali. The area has a mix of people from Ghaziabad and those working in Noida, Ghaziabad and the Connaught Place area.
The Metro offers excellent connectivity, says Arihant Jain, CEO, Dasnac. According to Vansh Shrivastava of Investors House, only 2BHK builder flats are available for those with a budget of R40 lakh, but there are several options available if you are looking at something in the range ofR60 lakh and above. Buyers have a choice of 2BHK apartments in this range in older projects such as Gaur Ganga and Mahagun. All these societies offer power back-up facilities.
There is no fresh stock available in Vaishali. A 2BHK apartment for R60 lakh is available in the resale market in projects such as Mahagun Mosaic, Gaur Galaxy, Gaur Ganga and Supertech Residency. The sizes of most of these apartments range from 900 sqft to 1200 sq ft. Some options in the R70 lakh category include a 2BHK apartment in Leela Homes and in DesignArch. A pent- house in DesignArch and a 3BHK apartment in Leela Homes is available for over a crore, points out Manu of Urban Homes, a Vaishalibased broker.
For those looking at options above R80 lakh, apartments and penthouses are available in the Designarch project in the secondary market. Civitech Florencia that is located in Ramaprastha Greens also offers apartments of sizes 1325 sq ft and 1915 sq ft.
According to CommonFloor. com, the area has five to ten-year-old RWA (residents welfare association) apartments available for rent. The maintenance charges start at R500. This is in addition to the rents that start at R8000 and can go as high as R20,000 for 2 BHK apartments of size 750 sq ft to 1200 sq ft.
Rentals in Vaishali have increased faster than those