Balanced Growth Expected in Indirapuram

Indirapuram is one of the prime residential regions in Ghaziabad located along the NH-24. It enjoys the advantage of proximity to both Delhi & Noida which has acted as a catalyst in the development of the region. In the recent times Indirapuram has become one of the favorite reality hot spots in the NCR (National Capital Region).

Indirapuram has a mix of both affordable as well as premium residential options. A large number of private developers such as Ashiana Builders Private Limited, Amrapali Group, Krishna Apra Group, Jaipuria Group, Aggarwal Group, SVP Group, Expressway Builders Limited etc have come up with multistorey apartments. Over a period of time these projects have registered good absorption rates and appreciation in values.

Some of the under-construction projects such as Divyansh Pratham, Gulmohur Residency, Desire Residency etc, are expected to give possession of the projects from year ending 2012 to 2014.

As per market sources, ready-to-move-in property commands premium values vis-à-vis the under-construction properties in the area. Capital values of ready-to-move-in properties are available between Rs 3,500-5,000 per sq ft. On the other hand, capital value of the under-construction projects is approximately between Rs 2,200 to 3,200 per sq ft.

However, as understood from various realtors and other market sources, projects located in Indirapuram have registered stable values in the last three months as compared to property price trends witnessed in July-Dec 2010. Reasons for stable values are multiple increase of interest rates and the upward movement of capital values witnessed during 2010.

Yet, in the long run this locality is expected to reap good returns due to the proposed infrastructure connectivity. The NH 24, which is currently a four lane highway, is proposed to be built as an eight lane highway, along with the enhancement of metro connectivity once the Vaishali & Kaushambhi metro station becomes operational.

Source  Magicbrics