Real Insights – Raj Nagar Extension : A CommonFloor Report 2015
Delhi NCR has been experiencing phenomenal growth in terms of population. A recent report by the UN State highlighted that, “by 2015, the expected population of the National Capital Region will be 28.6 million.” It raises eyebrows as the region is already gasping for space. Expansion is ‘the’ only way in which the city can accommodate 28.6 million people in the future. Fortunately, the solution has already clicked the minds of the city-planners. And that’s how Raj Nagar Extension was born.
The realty market of Raj Nagar Extension has continued to defy the skeptics. Started essentially by 12 developers, many members of the real estate fraternity were quite doubtful about the area’s success. However, as the project took off, more and more developers pooled in to construct projects here.
Interestingly, the famous saying, the timing was just perfect, rest everything fell into place, holds completely true for this area. At a time when buying affordable homes in Delhi NCR was becoming a far-fetched dream, developers at Raj Nagar Extension doled out several affordable homes. And rest is history!
In its nascent stage of development, denizens had this doubt whether people will come to this area or not. This doubt was also soon busted as due to affordability, the area grabbed the attention of both end-users and investors alike.
Today, Raj Nagar Extension stands as one of the most important areas not only in Ghaziabad but in the whole of NCR.
“As part of ‘Real Insights’ into real estate, Commonfloor.com has come up with a detailed report on Real Insights – Raj Nagar Extension with in-depth analysis based on CommonFloor data.
For detailed report“
To further enhance the infra quotient of the area, several projects are in the pipeline. The work on the construction of a six-lane expressway and the Metro Line is already on track. The proposed 3-lane bridge over the Hindon River on GT Road will further enhance accessibility to the area.
In the following report, GIS-based tools have been used to analyse the proprietary data of CommonFloor. The report delves into the major aspects such as the growth factors, infra-upgrades and the supply-demand side of the market. For better understanding, we have compared all the aspects of Raj Nagar Extension to neighbouring Indirapuram and Vaishali.
