Get­ting the ex­pen­sive tag

Planned as an af­ford­able res­i­den­tial des­ti­na­tion, Va­sund­hara’s prox­im­ity to the Metro is push­ing prices up and out of the com­mon man’s reach

HT Estates - - Front Page - Van­dana Ram­nani

Afew years ago, if your bud­get was around R25 lakh you would prob­a­bly con­sider Va­sund­hara for buy­ing prop­erty. Things, how­ever, have changed now with the Metro be­com­ing op­er­a­tional in Vaishali, and hun­dreds of units - builder flats, co­op­er­a­tive so­ci­ety flats and pri­vate de­vel­oper flats - de­liv­ered to own­ers, as prices in the area have in­creased man­i­fold.

There are hardly any op­tions avail­able for R40 lakh and R50 lakh in builder floors of sizes 850 sq ft to 900 sq ft. Add a few more lakhs to this and you can per­haps get a 2BHK home of about 850 sq ft in the Rail Vi­har So­ci­ety in Sec­tor 3.

“There are a few apart­ments in Sec­tor 17 priced at R40 lakh and R50 lakh. Th­ese are seven to eight years old, about 936 sq ft in size and have been con­structed by the UP Hous­ing and De­vel­op­ment Board. Builder floors of size 850 sq ft are avail­able in sec­tors 3, 5 and 10 for about R50 lakh,” says Aman, a bro­ker with Ma­ha­laxmi properties.

Pri­vate de­vel­oper projects here in­clude Olive County by the Meri­ton Group in Sec­tor 5, and SG Homes. Spread over an area of ap­prox­i­mately 2.5 acres, SG Homes of­fers 366 res­i­den­tial units along with com­mer­cial space. The pro­ject com­prises 2, 3 and 4 BHK apart­ments with sizes rang­ing from 1095 sq ft to 2430 sq ft. The cur­rent price is R5,000 per sq ft.

SG Homes, lo­cated in Sec­tor 4B, of­fers 122 units with 2 to 3-bed­room apart­ments with du­plex homes.

If your bud­get is over R60 lakh, you can buy a 2BHK apart­ment of size 1100 sq ft in Arunima Palace, Sec­tor 4, which has fa­cil­i­ties like swim­ming pool, power back-up, etc. You can even get a 1250 sq ft, 2 BHK apart­ment in SG Homes for R65 lakh. A 3BHK apart­ment in both th­ese so­ci­eties can cost you any­thing above R70 lakh.

Most co­op­er­a­tive so­cie- ties in sec­tors 4, 5 and 6 have ex­tremely spa­cious apart­ments of over 1500 sq ft that cost more than R70 lakh. Load­ing is al­most non-ex­is­tent in such so­ci­eties. Th­ese come with­out any mod­ern fa­cil­i­ties and the main­te­nance, too, is rea­son­able.

Per­haps the most ex­pen­sive so­ci­ety in Va­sund­hara is Olive County in Sec­tor 5. A 2BHK apart­ment of sizes rang­ing from 1250 sq ft to 1350 sq ft can set you back by R75 lakh to R85 lakh.

Va­sund­hara is di­vided into 19 sec­tors. Ac­cess to the Vaishali Metro sta­tion is easy. Both in­di­vid­ual and shared au­tos ply from Indi­ra­pu­ram and Va­sund­hara.

There are also am­ple shop­ping and en­ter­tain­ment op­tions in the area such as Sun­rise Mall, City Mall, Aerens’ Europark along the Link Road con­nect­ing Mo­han Na­gar and out­lets such as Pizza Hut, Dosa Ex­press and Domi­nos. For daily needs, it has stores such as More, Easy Day, MRP Deals, etc. Hos­pi­tals and schools are close by.

While there are no wa­ter prob­lems, power sup­ply is an is­sue here with quite a few power out­ages in the day. Though the roads are wide and well-planned, thanks to Awas Vikas, the body that planned this part of Ghazi­abad, their main­te­nance and up­keep has been an is­sue. Even the wellplanned com­mer­cial belt has prob­lems with en­croach­ments. An­other area of con­cern is that sec­tor roads and those con­nect­ing Va­sund­hara with Indi­ra­pu­ram are be­ing used by trucks. This not only causes traf­fic snarls but also re­sults in roads giv­ing way due to the heavy load.

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