If you’re planning to invest in property in Ghaziabad, get ready for a price hike. The Ghaziabad Development Authority recently increased the circle rates by 15%, leading to a sharp rise in property prices across the city. With property rates soaring by 70% to 80%, it’s essential for prospective buyers to be aware of the current market conditions to avoid paying more than necessary.
Here’s a detailed breakdown of the updated property prices in key areas of Ghaziabad to help you make an informed decision.
1. Price Hike Around NH-9: A Property Hotspot
If you’re looking to invest near NH-9, you’ll find that property rates have surged the most in this region. The areas near Web City and Aditya World City are now among the costliest in Ghaziabad. The prices here range between ₹17,300 to ₹35,000 per square foot, making it a high-demand locality for buyers.
The expansion of the Metro network and proximity to major highways has fueled this rapid price increase, attracting investors and residents alike.
2. Significant Rise in Indirapuram, Kaushambi, and Vaishali
Indirapuram has long been a popular residential area, but with the updated circle rates, the property prices have skyrocketed. The rates have jumped from ₹58,000 to ₹95,000 per square meter, making it one of the pricier neighborhoods in Ghaziabad.
Meanwhile, in Kaushambi, the circle rate has escalated to between ₹64,000 to ₹1 lakh per square meter. Vaishali, another prime location, has seen a similar surge with prices climbing from ₹58,000 to ₹97,000 per square meter.
3. Vasundhara: A More Affordable Option, But Prices Are Rising
For those looking for more affordable options in Ghaziabad, Vasundhara currently offers comparatively lower rates. However, prices here are also on the rise, with new circle rates ranging between ₹28,000 to ₹52,000 per square meter. The growing infrastructure and connectivity improvements in Vasundhara are likely to drive further price increases in the future.
4. Commercial and Agricultural Land Also See Price Hikes
It’s not just residential properties that have seen a price boost. Commercial and agricultural land prices have also increased significantly. In areas like Vaishali, the commercial property rate has gone up to ₹1.15 lakh per square meter. Similarly, agricultural land prices across the district have seen a 10% hike, making it more expensive for those interested in farming or large-scale land investments.
5. Ghaziabad’s Growing Popularity: A Boon for Investors
With the increasing circle rates and rising property prices, Ghaziabad has firmly established itself as a prime real estate destination in the Delhi-NCR region. The city’s excellent connectivity through highways and the expanding Metro network have contributed to the growing demand for residential and commercial properties.
Last year, Ghaziabad Development Authority generated over ₹3,000 crores through property registrations, highlighting the city’s booming real estate market. Whether you’re planning to buy a home or invest in commercial land, being aware of these updated circle rates is crucial to making a wise investment.
