Price trend of Raj Nagar Extension

Q: Hi, what is the current price trend of Raj Nagar Extension and what was the past price?? How much appreciation took place since last year!

Dinesh Verma, Gurgaon

12th September 2013

Investment Advice in Raj Nagar Extension, Ghaziabad

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The rental value in the region is also economical with 2 BHK commanding Rs 6,000 to 6,500 per month and a 3 BHK Rs 7,000-7,500 per month depending on the area and amenities of the project.

Sudhir Mishra, Faridabad

12th September 2013

Comment

I
would like to say that Raj Nagar is good for investment but for long
term. If you are expecting a good return within 2-3 years, this is not
the place.The area need infrastructural development which will take a
lot of time… approx 5-6 years. You can do one thing that, you can invest
in Raj Nagar extension now, but you can wait till the area is
developed.

Yash Panth, Ghaziabad

12th September 2013

Comment

Why the area is having such a slow development?? any particular reason??

Sharath bharadwaj, Ghaziabad

12th September 2013

Yes, there are few reason that shows the delay of growth of this area. Being close to Delhi, it did not get the chance neither the facility to grow. Areas like Crossing republik and Noida extension, came up like a new real estate destination . Hence the focus totally shifted to this new real estate micro markets. Now the scenario is, after these areas get developed fully, Raj Nagar Extension will develop after that. Till then the end users have to wait, but investors who are ready to take a chance can go ahead . !!!

Payal sharma, Ghaziabad

12th September 2013

How about the rental structure of the area??

M.Jain, Ghaziabad

12th September 2013

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DIWESH KUMAR, Delhi

18th September 2013

Hi,frnds i have done a study of price trend in this area, hope this study helps you

Jul-Sep 2010
Lowest : 1600 per sq ft
Highest : 2400 per sq ft

April-June 2011
Lowest : 78 per sq ft
Highest : 8300 per sq ft

Oct-Dec 2011
Lowest : 1932 per sq ft
Highest : 1980 per sq ft

Jan-March 2012
Lowest : 2140 per sq ft
Highest : 2240 per sq ft
Oct-Dec 2012
Lowest : 2450 per sq ft
Highest : 3205 per sq ft

Jan March 2013
Lowest : 2600 per sq ft
Highest :2773 per sq ft

April June 2013
Lowest : 2768 per sq ft
Highest : 3000 per sq ft

Average Locality Price: Rs 2,933 per Sq-ft.

Sukhwinder Kher, Gurgaon

12th September 2013

Comment

Hi, guys i will also like to share that the
afford-ability quotient of the Raj Nagar vs Vasundhara . if you try and
get a 2 BHK, it would cost Rs 42-45 lakh in Vasundhara whereas in Raj
Nagar Extension the same would cost Rs 33-35 lakh all inclusive, with
possession within the next 4-6 months.

Dinesh sahu, Ghaziabad

12th September 2013

I want to know is it better for rental or is it better for buying.

Anand Roy, Ghaziabad

12th September 2013

According to a recent survey, in the Jan-March 2012 quarter, multi-storey apartments in this area has seen an average increase of 12% with the prices ranging from Rs. 2,145 to 2,243 in the same quarter. Even with the prices seeing an upward trend, Raj Nagar Extension is still very pocket friendly and provides good investment options for middle end users.

Neel Sharma, Gurgaon

12th September 2013

Comment

The current prices in Raj Nagar Extension are in the range of Rs 2,300-2,900 per square feet. The place is the dream of an association of 15 builders, with an aim to provide the middle class with their own house and the pace of development and timely delivery has surprised many industry experts.

Nithin, Gurgaon

12th September 2013