Ghaziabad Q3 2015: Rental Property Tracker
• Indirapuram and Raj Nagar Extension retained top two positions respectively in the list of top 5 rental markets based on availability in Q3 2015. The two markets also feature in the top 5 markets based on rental yield.
• Strategically located among the three business hubs namely Delhi, Ghaziabad and Noida, Indirapuram boasts of good social infrastructure facilities including schools, hospitals, entertainment, amongst others. The area is largely preferred for rentals by families.
• Similarly, Raj Nagar Extension along NH-58 is also a hotspot in rental availability. Affordable rental prices, good connectivity to Delhi and Noida and good social infrastructure facilities make it a desirable place for staying on rent.
• Metro connectivity coupled with sound social infrastructure have made Vaishali a prominent destination for rent. Add to this, the rentals are relatively affordable here and there is a spurt in commercial activity in recent times. All these factors make it one of the top markets in both rental availability and in rental yield.
• Vasundhara, located along NH-24, has garnered immense interests by rental seekers mainly because it boasts of good connectivity to other parts of the city and also to other regions in Delhi-NCR via Vaishali metro station, which is less than 5km from the area.
• Privately developed locality in Ghaziabad, Crossings Republik has ample ready-to-move-in supply and also offers decent social and physical infrastructure. It is home to a few leading engineering colleges of the city and is seeing spillover demand from nearby commercial hub of Noida – Sector 62.
• Interestingly, all the five markets are the same for both rental availability and rental yield.
The purpose
1) Help the consumer to understand availability of rental properties in Ghaziabad.
2) Assist the consumer to understand the top markets for rental returns in the respective city. The data is taken from listings done by builders/ brokers/ individuals to rent out their properties through CommonFloor.com from Jul to Sept, 2015.
Disclaimer: The information provided in this Website is based on CommonFloor data which is collected from various publicly known sources viz, websites, documents and maps including CommonFloor’s proprietary data resources, and from the inputs of unidentified individuals. It ought to be considered as a guideline and not as absolutely certain. While care has been taken for groundwork, no responsibility is accepted for the accuracy of whole or any part. This information is absolute property of CommonFloor /maxHeap Technologies Private Limited. It should not be reproduced in any form, in part or whole, without prior written permission of CommonFloor. The information is provided on an “as is” and “as available” basis. CommonFloor expressly disclaim warranties of any kind, whether express or implied, including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
