Indirapuram, Ghaziabad, has turned out to be one of the most popular locations in NCR that has seen the pricing of properties reach peaks. Another sale of a 7,000 sq. ft penthouse at 10 crores has emphasised this escalating pattern, which has so far revealed how the locality is quickly becoming a luxury centre. A recent article published by the Hindustan Times reported that the penthouse (the 39th and 40th floors of the Saya Gold Avenue project) was sold at an enormous 14,000 per sq. ft, which is also a new record in the city.
What’s Fuelling the Indirapuram Real Estate Boom?
The location of Indirapuram provides easy connectivity to Delhi, Noida, and other big NCR zones. This has turned it into the most preferred abode among professionals and businesspersons who are in need of connectivity within a reasonable budget. What is more, the new Regional Rapid Transit System (RRTS) and Delhi-Meerut Motorway will be game-changers, as transport will take much less time, and property value will increase dramatically. The availability of metro stations and enhanced civic infrastructure, including broad roads, flyovers, and a system of water management, has also added to the increased attractiveness of the region.
From Affordable to Aspirational: Shift in Ghaziabad’s Identity
Ghaziabad is traditionally a budget housing area, but the city is quickly rebranding itself. Developments such as Saya Gold Avenue represent a trend of ultra-premium living, which includes rooftop pools and sky lounges as well as smart homes. However, the penthouse deal involving 10 crores is not only an individual case, but it also shows the shifting choices of buyers. The developers of real estate are now focusing on the groups with high income, providing vertical luxury that is competitive with the best projects in Gurgaon and south of Delhi.
A Trend That’s Just Beginning?
High rates imply that a new phase of growth in the property industry of Ghaziabad-Indirapuram is on the spurt. As the construction of infrastructure nears completion and luxurious housing appears to be on the incline, analysts feel that this might be the manifestation of a greater high-end change in the area.
