Indirapuram emerges as a favorable destination to end users
Indirapuram is among the most favorable destinations of buyers who prefer to own a dream home in the National Capital Region (NCR), preferably for living purpose.
Indirapuram was demarcated by the Ghaziabad Development Authority (GDA) only about two decades ago; but today, this residential area comprises of mounting number of residential options for buyers belonging to various income brackets. Owing to its connectivity, steady development, excellent infrastructure, greener surroundings and proposed Metro network, Indirapuram is witnessing increasing demand for real estate properties.
Location
Indirapuram is located at 20 km from Delhi on the eastern part. Noida is located at just 14 km from this area. Being situated on the National Highway-24 and in proximity to Delhi, Indirapuram offers all the facilities and amenities needed for an excellent living along with a great infrastructure.
The area is strategically positioned among three prime business centers like Delhi, Noida and Ghaziabad. Indirapuram is divided into different parts referred to as ‘khands’ (sectors) including Vaibhav Khand Nyay Khand, Niti Khand, Ahinsa Khand etc.
Connectivity
As Indirapuram is located on NH-24 and also in proximity to Hapur Road, it offers excellent connectivity. With the initiation of metro and commonwealth games, the connectivity of this area has been extensively reformed. The proposed Eastern peripheral expressway (EPE) will further boost the connectivity to this area. It can be easily accessed from major locations across the NCR and one can reach Indirapuram by airways, roadways or railways.
Growing demand for rentals
Indirapuram contributes to around 40 percent of rental demand for multi-storey apartments across Ghaziabad. Observing this demand, developers are coming up with more and more residential projects in Indirapuram.
Rising property prices
The properties in Indirapuram have been seeing a slow but steady hike in prices in the past few years. Compared to property prices in Noida and Gurgaon, Indirapuram is still reasonable and it also seems promising for further growth in prices, which makes it an economical choice for investment.
At present, the average rate per square foot for properties in Indirapuram is nearly Rs 5,450, while a year ago, the per sq ft price was around Rs 4,500.
Infrastructure
The infrastructure development in the past few years has made Indirapuram a most sought-after place in Ghaziabad for buyers as well as developers. It has a strong physical and social infrastructure in place. There are many reputed schools, colleges, hospitals, shopping centers, theme parks, etc. and many more are coming up.
Realty growth
Indirapuram offers a wide range of properties, from plots to mini townships, and in a varied range of prices. Though left unnoticed for years, this micro-market has grown as a desirable place for residing for many people. There is a huge number of housing options available in this place and with the trend of modern lifestyle touching the place, buyers are now seeking luxury apartments, studio apartments, independent floors, villas, etc. The developers are also coming up with stylish apartments inspired by latest designs and trends, also in the affordable segment.
Many reputed builders such as Supertech, Assotech, SVP Builders, Gaurson group, Amrapali, Antriksh, Gulshan Homz, and others have developed projects in Indirapuram. There are many residential projects in Indirapuram including Shipra Sun City, Supertech Icon, GC Grand, Antriksh Greens, Gulmohur Residency, Gaur Green Vista, Orange County, etc.
Various new developments are happening around Indirapuram which has further increased more job opportunities and this is expected to further boost the demand for residential projects.
Indirapuram property market is a good choice for end-users as the market is still below the saturation level with lot of potential for new developments. There are around 100 completed projects and many more are under construction and in launch stage.
Another advantage of investing in Indirapuram is that the titles of the properties are mostly clear, since there is no land allotment done from the government and plots are registered in the names of developers.
Indirapuram is likely to observe a steady hike in property prices in the near future. However, buyers should realize that as the supply of new residential units is ample in this area for the next couple of years, they may not get a good resale value for their properties. So the area is good for those who are looking to buy house either for living purpose or for renting it out.
Ghaziabad Development Authority
