One of the fastest growing residential destinations with established and well developed social infrastructure, Rajnagar Extension has today become an important backbone of Ghaziabad real estate. Today the area is known as a one-stop destination for a wide band of middle-class end users, offering choices ranging from a 1BHK to 4BHK.
Raj Nagar Extension continues to attract many prospective home buyers seeking residential units at an affordable price range. The area has seen significant infrastructure development in the past few years with upcoming projects set to change the landscape of the region.
Today the area has over 16,000 houses where people have already moved in and around 17,000 more are about to shift very soon. Rajnagar Extension offers an ideal and serene setting for a pollution-free living in a well-planned place with excellent connectivity to other NCR areas.
Furthermore, in a recent report by CREDAI Ghaziabad, with many infrastructural developments, the area will soon become one of the most sought-after residential hotspots. The development of Hindon-Elevated Road has added more feathers to the cap of real estate in Raj Nagar Extension.
According to the report, Raj Nagar Extension has over 50 group housing and commercial projects with almost 45 developers present in the region. The elevated road will not only boost connectivity for Raj Nagar Extension but in turn, will also garner the capital appreciation of 20 – 25% in the next couple of years.
Concluding on the growth of this area, Manu Garg, President CREDAI Ghaziabad adds, “With the elevated road becoming operational and traffic easing from Raj Nagar Extension, the region is sure to witness a boost in the demand for properties which will eventually result in the prices going up. This will also boost sentiments of residents already residing in the area as the valuation of their properties would also increase.”
With more and more developmental projects coming up in the region, the area is sure to become one of the major highlights of NCR realty in near future.