Indirapuram, a modern locality in the city of Ghaziabad is considered an ideal residential locality. Providing peaceful environment to the basic living amenities; it is rich in facilities. It has strong social infrastructure, hospitals and educational institutions on its land. Earlier Indirapuram was a deserted area but nowadays it is a popular realty destination. Being very closer to the capital city of New Delhi, flats and property for rent in Indirapuram are in great demand. Investing in the rental properties of Indirapuram, Ghaziabad is a better alternative if one wants to spend some amount in real estate sector.
Why to invest in rental properties of Indirapuram?
Earlier property in Indirapuram, Ghaziabad had been looked down upon by many but in today times the same locality is considered as top priced property. The main reason of buying rental properties in Indirapuram is its geographical location. It is located between three highly globalized cities. These are New Delhi, Noida and Ghaziabad. These cities are hub of infrastructural development and various MNCs. People employed there can reduce their travel time by acquiring a rental property in Indirapuram. Its location is its biggest strength due to which since past years there is rapid growth of commercial and industrial sectors.
The locality is well connected by roads and railway lines for easy travelling. It is just 35 km away from Indira Gandhi International Airport. It is just 5 km away from two blue line metro stations. It has various parks and malls which provide an easy way of living to the residents. Swarn Jayanti Park and Shipra mall are the major landmarks of the locality.
Indirapuram is now booming with all the exclusive facilities that makes this locality no less than Delhi city. The properties are also available at an affordable pricing. According to the study of professionals of real estate prices of properties in this locality will increase rapidly in future. Also the coming project of metro line connecting Indirapuram will also spike the property rates.
Property types
Properties in Indirapuram mostly comprise a mix of commercial and residential properties. It has multi storey apartments, gated colonies, builder floors, residential houses, flats etc. For commercial activities also this locality offer various shops, offices or plots at rents catering to various budget segments from affordable to upper mid. The flats and houses commonly offer room configuration ranging between 2 BHK and 5 BHK. The builder floor apartments are the most famous among rental properties in Indirapuram. The locality offers residential properties for the mid income group and provide luxury and classy apartments for the high income group. Customer can choose the ideal property according to their budget.
Prices of Properties
The prices of properties in Indirapuram have increased rapidly since past two to three years. At present if you want to buy any property in this locality; it is available at Rs 4,500 per sq feet up to Rs. 6,000 per sq. feet approximately.
The average rate of the rental properties in Indirapuram for 2 BHK flat is Rs.14000 to Rs.15000 per month. The rental value for commercial properties ranges between Rs 40 to Rs 50 per sq feet. The prices of rental properties in Indirapuram, Ghaziabad have seen a growth of around 50 per cent in the last five years and are also likely to shoot up in the near future.
Future Outlook
With the superior standard of amenities offered in almost every residential property in Indirapuram, the real estate value of the place is getting bigger. The trend of independent floors, penthouses and villas is also catching pace in Indirapuram. The proposed extension of metro line to the locality of Indirapuram will serve as another reason for hike in property rates.
Indirapuram has a peaceful, beautiful and safer environment to live equipped with all the basic facilities of education, malls, hospitals, parks and connectivity.
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