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

HT Estates - - Front Page - Van­dana Ram­nani

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

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