Q: How is the locality??? how are the safety and employment structure, if i choose this place to stay with my family , will it be a good place to live??
Yes, that true, not only that GDA also has plans to create a land bank in excess of 2,000 acres to for an upcoming IT hub encompassing the proposed 1,284-acre SEZ and an Institutional Area on 141 acres. To ensure a holistic development of the area, plans are also on to develop a sports complex of international standards on about 434 acres and a golf course confirming to international standards on 245 acres.
The locality is seen as being safe, from the point of transparency, by investors. Another factor fuelling speculator interest are the varied choices, based on one’s preference and the projects are being developed by builders with good banners.
Another advantage of investing in Raj Nagar Extension is that there is no controversy surrounding the area like dumping grounds, villages etc. There is one small urban village nearby, called Sihani, which does not pose any problem.
See every place has bad and good, the government is trying best to move on the development of the area. A recent update informed us that GDA has taken up major development projects in Ghaziabad like the construction of 17 new flyovers for signal-free travel, a 6/8-lane expressway for faster connectivity, and has also proposed a 7,800 MW power generation project at Dadri, which will provide uninterrupted power supply to the area.
Guys i, agree, i would also say that the commercial activities in this area are not growing as fast as in some other suburbs like Noida and Gurgaon, which is limiting the demand of houses in this area, as now people want to live as close to their potential working place.
I would like to speak some of the negative aspect of the area: On the negative side, there is some unrest among the property owners in Raj Nagar Extension, as they see no major appreciation in property rates in the last three years.
The upcoming city is unorganized as land was offered to developers as per their choice instead of preparing the blueprints of the city first. This is the biggest setup.
The locality is seen as being safe, from the point of transparency, by investors. Another factor fueling speculator interest are the varied choices, based on one’s preference and the projects are being developed by builders with good banners.
The rates are not expected to fluctuate much and does offer a good potential for first time home buyers looking for their own abode. And for the buyers who are living on rent and want to get out of it, for them Raj Nagar extension is definitely a choice.