How good is an investment in Raj Nagar Extension?

Q: Hi, I am looking to buy a flat in RNE. Want t o know if it is wise to invest there or will there be any issues in future?

Himani,

31st January 2013

Buying property in Ghaziabad

buy flat in raj nagar extension

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Replies (7)

Hey Guys,
As per my knowledge, Raj Nagar Extension is an affordable location that has proximity to areas like Noida, Ghaziabad as well as Hindon river Green belt. Adding to this , I heard new flyover is coming up. So this area will have good connectivity with National Highway 24 & Grand Trunk road. The proposed Rapid Rail Transit System between Meerut & New Delhi will also improve the connectivity . We can predict return of investment will be handsome & for both end use as well as investment , this area is suitable.

Surinder,

13th May 2015

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Raj Nagar extn. is more promising as IT sector coming in 450 acres,one golf course,one formula 1 racing track and major projects include VVIP addresses,Gaur,Ajnara.Among top is VVIP,which offers best amenities like 20-20 cricket stadium,top the line club and apartments with swimming pool 6500 sq ft

Vikas Sharma, Apartment Resident

19th September 2013

Comment

Many projects are in line to develop connectivity and infrastructure of Rajnagar extension. The authorities have proposed to restructure the NH-58 stretch- from Meerut to ALT-cut and close down illegal cuts to allow free flow of traffic.
The NH-58 work will also be carried on shortly. The construction of DPS and Movie World, completion of Ghukna More and Nand Gram works are also in the line. Metro line at Arthala which is located around 2 km from RNE, has further increased the interest of investors. A well-laid bypass which leads to RNE is ready and many many more connectivity options have also been planned.

Vivek Kulkarni,

12th February 2013

Comment

Hi guys, Raj Nagar Extension and Noida Extension both started at the same point of time, and there was strong competition between both the areas. They both had a slew of offers from real estate developers and gained almost similar response from buyers. But as Noida Extension dropped due to legal issues, RNE witnessed good demand from buyers. The titles and legalities of propertiesi n RNE are mostly clear..

Suresh,

12th February 2013

Comment

There are many issues in realty sector like increasing property rates, demand-supply mismatch, etc. and very few projects remain up to the mark of timely delivery, quality of construction and more. But in Raj Nagar Extension, around 32,460 residential units have been planned, as it has assured that it delivers on all the parameters, including timely delivery of projects, in the last five years.

Aneek Das,

12th February 2013

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GDA is looking to execute the proposed traffic decongestion plan of NH-58 and other roads in Ghaziabad in association with RNE Developers Association. The authorities have proposed to restructure the NH-58 stretch- from Meerut-crossing (near new bus stand) to ALT-cut and close down illegal cuts to allow free flow of traffic. DPS and Movie World construction, completion of Ghukna More and Nand Gram works are also in the line.

Abhishek,

2nd February 2013

Comment

Hey Himani, within a short period of time, Raj Nagar Extension witnessed huge real estate boom. It was formed only few years ago. There are nearly 2,000 families living there currently. There are above 750 ready to move in flats already up in this region. For now, the major concern for the residents of RNE is poor connectivity and traffic issues. But plans have been made to solve this problem too. There are many developments happening.

Nikhil Agarwal, Delhi

2nd February 2013

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