Boost for Ghaziabad real estate: Developers expect boom in business on the airbase, metro extension
Real estate experts say inauguration of Hindon Air Base and metro between Dilshad garden and new bus stand would fuel demand for real estate sector.
Prime Minister Narendra Modi on Friday inaugurated the domestic airport at Hindon Air Base in Ghaziabad and flagged off the Metro between Dilshad garden and new bus stand. The two developments are going to have immense impact on Ghaziabad’s real estate market. Since many working class people are working and living in Noida and Ghaziabad, the opening up of domestic airport here will witness further boost to real estate. Appreciation of property and rise in prices of under construction properties is on the anvil. The first set of flights from Hindon will include places such as Lucknow, Bhopal, Ozar (Nashik), Jaisalmer, Gorakhpur, Kannur, and Tirupati.
Speaking on the development Manoj Gaur, Vice President, CREDAI National told Zee Business Online, “Definitely we will see an upsurge in the interest of people. Ghaziabad arrived on the real estate map of Delhi NCR long back and latest developments will make it stand out given the advantage of pricing that people enjoy here as opposed to Gurgaon, which is another place near the airport."
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Speaking about the areas that will be gaining major traction of this real estate boom in the city Gaurav Gupta, President CREDAI — Ghaziabad chapter said, "New Metro line from Dilshad Garden to New bus stand in Ghaziabad is another development that has set the real estate market on fire here. The areas that are going to gain maximum from it are Raj Nagar Extension, Siddharth Vihar and Indirapuram among others." Gupta said that though Raj Nagar Extension is already buzzing with people and has been a success since the time it was announced, realtors have seen that the two announcements have made more people show interest here. "As we are the closest to the airport and the new metro we are poised to gain the maximum," Gaurav Gupta said.
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