Grow­ing in Delhi’s Shadow

Ghazi­abad is poised to be the next Gur­gaon if its in­fra­struc­ture im­proves

India Today - - REAL ESTATE SPECIAL - San­tosh Ku­mar Fol­low the writer on Twit­ter @san­toshji

De­spite be­ing in the Na­tional Cap­i­tal Re­gion, Ghazi­abad has strug­gled to match the growth and de­vel­op­ment of Delhi’s other satel­lite towns, Noida and Gur­gaon, in large part due to night­mar­ish traf­fic, par­tic­u­larly around the Hin­don river and Air Force base. Of late, how­ever, in­vest­ment in in­fra­struc­ture, grow­ing in­ter­est of IT pro­fes­sion­als and re­tirees, and lower realty prices have left Ghazi­abad poised to be­come the next res­i­den­tial hub of NCR.

Ghazi­abad’s lure is en­hanced by its strate­gic lo­ca­tion: It is 45 km from Delhi’s Indira Gandhi In­ter­na­tional Air­port and well con­nected to Noida, Ha­pur, Mo­d­i­na­gar, Bu­land­sha­har, Meerut, Sa­ha­ran­pur by na­tional high­ways 24, 58, and 91. It is laid along the metro line from Vaishali to Anand Vi­har as well as the up­com­ing line from Dil­shad Gar­den to Ghazi­abad Bus De­pot. Ghazi­abad has long been a man­u­fac­tur­ing hub; it houses over 14,000 fac­to­ries that em­ploy nearly 1.4 mil­lion people and have a com­bined turnover of Rs 3,000 crore. Now, en­gi­neer­ing and man­age­ment in­sti­tu­tions such as IMT, KITE, and ABIS are set­ting up shop. It is to cater to the mid-rung pro­fes­sion­als work­ing in these fac­to­ries and in­sti­tu­tions as well as in IT/ITES com­pa­nies in Noida and Delhi that af­ford­able hous­ing projects have sprung up.

For a long time af­ter town­ships be­gan to come up in Ghazi­abad in the late 1980’s, af­ford­able hous­ing projects were con­cen­trated in Indi­ra­pu­ram, Vaishali and Va­sund­hara. They are now ex­pand­ing into Cross­ings Repub­lik, Ra­j­na­gar Ex­ten­sion and Meerut Road. Saviour Iris has 2 BHK flats at Cross­ings Repub­lik for Rs 36 lakh. Prices in Su­pertech’s Liv­ingston com­plex in the same area start from Rs 24 lakh. Panchsheel Builder’s Euro Apart­ment at Ra­jen­dra Na­gar boasts “ex­tremely smooth life with shop­ping cen­tres, schools, hos­pi­tals and cin­ema halls in the vicin­ity”. Their flats start from Rs 2,500 per sq ft.

De­spite this growth, Ghazi­abad may yet lose out as an at­trac­tive af­ford­able hous­ing des­ti­na­tion if it fails to ef­fec­tively sort out its traf­fic mess.

Pho­to­graph by CHAN­DRADEEP KU­MAR

AHOUSING PRO­JEC­TAT CROSS­INGS REPUB­LIK

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