If you are an investor looking to earn high rental returns, then localities in Ghaziabad could be a good bet for you. Vaishali, Indirapuram and Vasundhara have secured top three positions in the list of markets that can fetch you healthy rental returns. This interesting trend came into light from CommonFloor’s latest quarterly report (Jan-Mar, 2015).  As per our research, these localities offer the highest gross rental yield across the NCR.

Let’s have a look.

Vaishali

Vaishali has been one of ‘the most watched upon’ affordable destinations in Ghaziabad. With swift accessibility to Noida and Delhi, it mainly caters to the working population of the both the areas. It also enjoys metro rail connectivity (Blue Line), which has been a major catalyst is the growth of residential sector here. Though, Vaishali is not dotted by many new launched projects, it is still an actively transacted locality in terms of rentals and resale.

At present, average capital values in the locality range from Rs 5,750-7,000 per sq. ft., while the rental values vary from Rs 14,000-16,100 per month.

Indirapuram

Indirapuram is another market that has carved out niche for garnering high rental returns. Falling under the Hindon area of the city, it boasts of seamless connectivity to Noida, Greater Noida and Noida Extension through the NH-24 and Noida Link Road. Thus, catering to the working professionals from the IT/ITeS companies in Noida and Greater Noida. The nearest metro station is at Vaishali, which is just 3-4 km away.

As per CommonFloor data, the average capital values in the locality range from Rs 4,200-5,700 per sq. ft., while the rental values vary from Rs 13,500-16,000per month.

Vasundhara

Next in line is Vasundhara. Strategically located along NH-24, it enjoys excellent connectivity to other parts of the city via roadways and metro rail (Vaishali). In addition, being a well-planned development, it also boasts of robust social infrastructure with several schools, healthcare centres, avenues for shopping and entertainment.

At present, the capital values fall in the price brackets of Rs 3,600-5,500per sq.ft., while the rental values range anywhere between Rs 11,000-13,000 per month.

Comparative Rental Picture

Figure 1: Comparison of average ticket prices for different unit configurations

From the above graph, one can infer that Vaishali and Indirapuram (especially considering 1&2BHK units) can have an upvote for the affordable investment destinations.

What’s Available?

To assist our readers, we have also churn out few ongoing projects in these three markets. Do have a look!

(You can CLICK on the projects for more details)

Table1: Top Projects to look for investment along these three micro-markets