Monday 23 March 2015

Why you should be buying flats in Vaishali right now

property in Vaishali

Purchasing properties in some parts of the Delhi National Capital Region is akin to taking a nightmarish plunge into the unknown. Some parts of this market are so saturated and so expensive that even thinking about them would cost a potential buyer a few sleepless nights. Most of the well-known areas in this region are expensive and out of the reach of those who are looking for residential options in the lower and mid segments. This is one of the reasons why the market has been going through a rough patch over the last few years. 

National Highways 24

 The question that should pop into a buyer’s head now is then where can I buy properties which are affordable in Delhi National Capital Region? The NCR market is thankfully not without pockets of affordability. One of the biggest markets for affordable residential real estate options is Ghaziabad. The city is known as the “Gateway of Uttar Pradesh” and not without cause. It has two major connectors running through it. They are National Highways 24 and 58. 

These two highways not only serve to connect the city with the rest of the country, they are also upcoming residential real estate hubs in their own right.
 There are several localities which are doing well in terms of real estate in this city. One of them is Vaishali. It is considered to be one of the primary micro markets for those for who are looking for housing in the city of Ghaziabad. 

Adding to the realty value of the micro market is the metro connectivity it offers. The Blue Line of the Delhi Metro has a station in this micro market.

Flats in Vaishali which are located within a two km radius from the metro station have been seeing an increase in demand.

 Price for property in Vaishali has also increased over the course of the last few years. And this is not without cause. The station is considered to be one of the busiest stations which come under the Delhi Metro system. It not only serves this micro market but several others in the city.

 There are multiple residential options available in this locality. If you are looking to purchase flats in Vaishali you would have to spend anywhere between INR 6000 to 6500 per square feet. There aren’t very many commercial real estate developments in this area. Most of the skyline here is dominated by apartments. 

 Investing in any kind of property in Vaishali is a good choice. The rate of appreciation for properties in Ghaziabad has been tremendous over the past few years. The boom is only set to continue for the years to come. This is because there aren’t very many affordable markets in the NCR area and buyers are only going to keep flocking to markets which are affordable. So if you have been eyeing a property in Vaishali now might just be the right time to go for because it is definitely not going to be any cheaper than it is at this moment.


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