Ghaziabad is an important industrial city located in the Indian state of Uttar Pradesh. It is 19 Km away from East of Delhi and 46 Km from South West of Meerut. The city also serves as the headquarters of the Ghaziabad district. It is a large industrial city having excellent roads and railways network.

Before 14th November 1976 Ghaziabad was the Tehsil of District Meerut. The Chief Minister Mr. N.D.Tiwari declared Ghaziabad as a district on 14th November 1976, on the birth anniversary of Pt. Jawahar Lal Nehru, the first Prime Minister of India. Ghaziabad, India, April 02, 2007 – Real Estate in Ghazizbad, Parsvnath Developers conducted the earth breaking ceremony and announced the launch of Parsvnath Sterling, a residential group housing project on main GT Road, Ghaziabad, Uttar Pradesh. The project is on a 3.5 acres site on the Delhi-Ghaziabad road, close to the upcoming metro station and minutes away from Shahdara.

Ghaziabad has industries that are mainly into the production of railway coaches, diesel engines, bicycles, tapestries, glassware, pottery, paint and varnish, heavy chains etc. Currently, with the real estate boom, mall culture has arrived into the city. This has brought development of a multitude of swanky malls here and the roads are being improved by construction and widening of flyovers.

Recently a number of malls and multiplexes have come up in the city and the roads are being improved by construction and widening of flyovers. These developments have also led to it being featured in Newsweek International as one of the 10 most dynamic cities of the world for 2006.

Infrastructure

However, infrastructure development is making its best to catch the pace with the frenetic residential and commercial development. Located in the National Capital Region (NCR), Ghaziabad enjoys excellent access to infrastructure facilities. Manufacturing firms requiring fast transportation links have found the place highly helpful to them. This is one of the leading reasons for an increase in industrial establishments here. They have come to rely on better transportation network of highways, railways and lower-cost distribution channels to cater to those in-time deliveries.

Ghaziabad can easily be reached by air, road and rail. Indira Gandhi International airport, Delhi is about 45 Km from here. Ghaziabad is well-connected to major places like Delhi, NOIDA, Hapur, Meerut, Saharanpur, Haridwar, etc by road.
There is fast Delhi Transport Corporation (DTC) bus service from Advanced Level Telecom Training Centre (ALTTC), Ghaziabad to ITO, Delhi after about every fifteen minutes. Ghaziabad also enjoys well-connectivity to all parts of the country through Railway line. The Main railway station is situated in the middle of the city.

There are a few farmlands and farmhouses located in the outskirts of Ghaziabad. They feature fully furnished cottages, swimming pool and tennis courts and generally comprise of 4-5 Bedrooms built over a large area of 2 Acres of Land. These Farm houses & Villas have lush green undulations sprinkled with different plants from nurseries.

Real Estate Development in Ghaziabad

Demand for properties in Ghaziabad is continuing with undiminished vigor. There is definite surge in demand for both commercial and residential real estate, especially with the growing industrial base in the city. The property prices in Ghaziabad soared to such an extent that they required undergoing a correction recently. Still, the prices continue to go through the rooftop.

Real estate developers in Ghaziabad are getting bullish on the real estate market there.
Most of the commercial spaces in Ghaziabad feature commercial sky scrapers with excellent façade, 24x7 power back-up, centralized security & maintenance, fire safety systems, and an ample parking space. Ghaziabad is one of the most preferable choices for setting up of industrial, BPO and hi-tech offices.

Considered as a spacious location situated far away from the maddening crowd, Ghaziabad has expansive vacant places and also affords a convenient access to various sources required for production and outsourcing purposes. However, the city is progressing slowly but still offers excellent infrastructure facilities and manpower which makes it a perfect place to set up call centers and manufacturing units and other commercial spaces.

The residential properties in Ghaziabad have begun to see appreciation in the wake of increasing demand that seems to be on the rise. While the high-end residential market in Ghaziabad is gaining high impetus, the NRIs/investors can think about investing their hard earned money to reap high returns in near future.

Moreover, Ghaziabad will see development of exclusive townships of international standards that will feature the best practices in technology, architecture, and construction thereby offering nice accommodation option. Middle and lower market has also been doing well.
Ghaziabad is strategically located on the Grand Trunk Road - connecting Bangladesh to Afghanistan. However, it scores over other similar cities due to its easy connectivity with the national capital Delhi and the rapidly industrialized city of Noida. As these three cities of Delhi, Noida and Ghaziabad is now considered as the triangle of industrialization and economic growth; it is also one of the many reasons for industries and corporates converging into Ghaziabad making it one of the promising business destinations of India. As the city today boasts of nearly 15,000 industrial units of all levels, there are also manufacturing units run by large companies like ITC and the multinational giant Coca Cola not to mention the foray of several IT &ITES and BPO companies.

This growing trend of economic prosperity along with favorable infrastructural facilities has made Ghaziabad one of the fastest growing cities in India. Though Ghaziabad is currently undergoing a state of metamorphosis in matters of investment, there has been a tremendous boost in its real estate growth. This is mainly due to its close proximity to Delhi and Noida; whose highly exorbitant property prices have made people working in those cities choose Ghaziabad as a comparatively cheaper option for real estate investments. Also until now a city free of congestion, Ghaziabad has inherent scopes for development of exclusive commercial properties either in the retail sector or for state-of-the-art office spaces.

Ghaziabad is emerging as one of the privileged cities for the BPO and ITES industry. This is due to its business location and connectivity with Delhi and an international airport by the 8-lane expressway, easy accessibility of work force from neighboring Delhi, Noida, Faridabad and Rajasthan and affordable property prices. Of late, Ghaziabad like most of the happening cities in India and specially the other satellite cities of NCR (Gurgaon, Noida, etc) is rapidly adapting the mall culture. Already decked with a mall space of 3 million sq.ft. and one million more in the offing, Ghaziabad is fast transforming itself into an entertainment and retail hub creating opportunities for more investments in these sectors. The real estate prospects in the city combined with disposable incomes has led to a notable escalation of realty prices in the last couple of years. And if the trend continues, it will not be late before Ghaziabad is redefined as one of the 'hottest' cities.

Latest Real Estate Projects in Ghaziabad

There are number of projects slated to happen in Ghaziabad.

Kaushambh Mall: It is coming up in the region of Kaushambhi, Ghaziabad. Situated close to posh colonies of Vaishali, Vasundhra, Indirapuram, Anand Vihar, Ramprastha, etc, the mall will offer a decent ambience, Infrastructure and facilities. It is to be built by the famous Parsvnath Developers.

Nitshree Builders draw up plans to develop a replica of the Noida's sector 18 in Ghaziabad. The project envisages the construction of shopping malls, food courts, IT parks, and office spaces.

Gaur Heights: Garursons India Ltd, one of the prominent property developers in India, also has some current projects to develop in Ghaziabad. The company is to construct apartments featuring in house club with gym, common room, table tennis court, parks, children's play areas etc.

Pasvnath Majestic Arcade: as the name signifies, this is the project to be developed by Parsvanth Developers and will come up at Indirapuram in Ghaziabad. Featuring wide stair cases, a high speed lift to serve all floors, intercom facility, shops, showrooms, TMs, departmental stores, restaurants, and other commercial places, this arcade will become an example to look upon by other developers.