Situated on National Highway 58 (NH-58) in Ghaziabad, Raj Nagar Extension is a growing residential area comprising of several mid-rise apartments. It is one of the most affordable and well-planned localities of Delhi NCR.
Approved by Ghaziabad Development Authority (GDA), Raj Nagar Extension is centrally located, close to the posh localities of Ghaziabad, but yet shielded from the hustle-bustle of the city. Due to its location, good physical, social and civic infrastructure coupled with connectivity, Raj Nagar Extension is one of the prime locations when it comes to real estate.
The area also has the largest green belt in the NCR. Apart from its independent growth factor, Raj Nagar Extension also lies in good company with Vikas Nagar, Sanjay Nagar and Sehani Khurdas - its immediate neighbors.
Further, Raj Nagar Extension boast of robust infrastructure with an array of hospitals, schools, multiplexes, shopping centers, parks and other world class facilities. Many shopping complexes like MGI Polestar, GNB Plaza, VVIP Styleand Himalaya City Center will be launched in the near future.
It is expected to emulate the same growth pattern as premium locations in Gurgaon, such as Golf Course Extension Road and NH-8 due to its proximity to the international airport, Delhi Aerocity and the upcoming diplomatic enclave at Dwarka.
Key Projects in Raj Nagar Extension:
|Krishna Aprameya Enclave|
|LR Bluemoon Homes|
|Vasu Fortune Residency Phase I|
|SVP Gulmohur Garden|
|Uninav Heights Phase I|
|JKG Palm Resort|
|Pushp NRI Greens|
Connectivity and Transit Points
Raj Nagar Extension provides excellent connectivity to all parts of the city and is also well connected to Noida, Greater Noida and Delhi. The nearest bus station is the Raj Nagar bus stop. Apart from public buses, people prefer to travel intra-city by auto-rickshaws. One can hire a cab as well.
Ghaziabad’s major railway station, Ghaziabad Railway Station is located at a distance of about 5 km from Raj Nagar Extension. The Indira Gandhi International Airport is 42 km away from the area. Vaishali Metro Station, part of the Delhi Metro, is located at a distance of 15 km from Raj Nagar Extension.
Some prominent landmarks in Raj Nagar Extension are:
Factors for Growth in the Past
Raj Nagar Extension’s growth in the past has been boosted by the well-planned layout design and excellent urban infrastructure. Raj Nagar Extension was intended as a cosmopolitan locality from the start and that is set to take shape in the coming years.
Raj Nagar Extension enjoys the company of the adjoining green belt, 500 acres along the Hindon River, which helps in maintaining an almost pollution-free environment. This has attracted several professionals and retirees to the area.
Residential & Commercial Markets
Residential Market Trends
Raj Nagar Extension’s residential market has always enjoyed more success compared to its commercial counterpart. With excellent infrastructure and affordable prices, it is a residential hotspot. But with rapid development in recent years, the locality has seen a steady increase in property values.
The price of apartments in Raj Nagar Extension has been on the rise over the last couple of years. The quarter-3 (2013) apartments for sale in Raj Nagar Extension ranged from Rs 2,300-3,000 per sq.ft., while the rental values ranged from Rs 4-8 per sq.ft.
Commercial Market Trends
Raj Nagar Extension has always been a residential locality with a few commercial pockets. But lately the locality has also witnessed a healthy commercial development, especially individual office spaces, malls and entertainment complexes.
The rental values for commercial office space range from Rs 18-26 per sq.ft.
Being a well-planned township, Raj Nagar Extension faces very few problems. The only thing government authorities need to be careful is its rapid commercialisation, which may lead to infrastructure and civic issues. The green belt provides fresh air and this needs to be protected at any cost.
The authorities have also made sure there is water and power supply throughout the year, so that the locality does not suffer from these issues.
Factors for Growth in the Future
The government has approved plans like a golf course, SEZs, offices, multiple amusement parks and schools, which will add to the growth of this beautiful locality. Construction of new flyovers to aid connectivity with the Grand Trunk Road and the arterial NH-24 will boost the locality’s popularity.
The Delhi Metro Rail Corporation (DMRC) has proposed the extension of the Delhi Metro from Dilshad Garden to the new bus stand in Ghaziabad. This line will further improve the connectivity to Delhi for the residents of Raj Nagar Extension.
Some of the Residential Projects at Raj Nagar Extension are listed below:
More Residential Project, Click Here