In terms of infrastructure, public services, and housing demand, Indirapuram has advanced significantly in the last ten years due to its quick expansion. The area has gained popularity as one of Ghaziabad’s most sought-after neighborhoods due to its abundance of finished homes.
About seven or eight years ago, there weren’t many buyers in the Indirapuram residential complexes because the infrastructure wasn’t yet finished. An additional concern for prospective homeowners was the distance from Delhi’s key regions. But the fortunes of this region have changed with time. Fast-growing Indirapuram is among the areas in Delhi NCR with the fastest rate of expansion because of its improved connectivity and rapid infrastructure development. The region is especially popular with end customers who work in different Noida neighborhoods.
A Hotspot for Housing and Renting
With so many commercial malls, parks, schools, clinics, markets, residential neighborhoods, and entertainment venues, Indirapuram has developed into a self-sufficient neighborhood. According to the managing director of a manufacturing company Vikas Bhasin, “Given the pace of development, both in terms of infrastructure and connectivity options, Indirapuram has become the best district of Ghaziabad over the years.” In terms of residential growth, Indirapuram has a large number of residential units and builder floors. In this region, there are many accessible homes with two or three bedrooms that are up to 1,000 square feet in size.
In Indirapuram, the average property value is approximately Rs 6,000 per square foot, with an approximate 8% yearly growth rate. Many domestic societies can be found in Indirapuram’s two popular areas, Ahinsa Khand and Vaibhav Khand. The highly sought-after regions of Gyan Khand and Shakti Khand are also home to constructing floors. A house in these locations usually costs between Rs 5,500 and Rs 6,500 per square foot.
Motives for Investing in Indirapuram
Some of the primary arguments in favor of considering an Indirapuram investment are as follows:
Indirapuram’s resale market has performed successfully and given investors significant returns because of its strategic location and connectivity. “In places where first-hand residents have had positive experiences living for a variety of reasons—including connectivity, location, infrastructure, price dynamics, return on investment, and construction quality—secondary buying becomes evident.,” says Rupesh Gupta, Director of a real As is the case with Indirapuram’s resale market, these factors make purchases on the secondary market rather evident in the neighborhood.
NH-24:
The first significant factor in favor of Indirapuram is its closeness to NH-24. The stretch gives easy access to different areas of Delhi NCR. The expansion of the national route and other infrastructure projects like the Delhi-Meerut Expressway have also sped up the region’s development.
Developed Infrastructure:
Indirapuram’s well-developed infrastructure is a key incentive for prospective homeowners. Prestigious establishments, shopping centers, hospitals, and schools can all be found in the area.
High Demand for Rentals:
For some time now, the rental market in Indirapuram has been doing admirably regularly. The region has experienced a notable surge in demand for rental flats owing to its proximity to Noida’s commercial and business centers. This is also a result of a significant migrant population that intends to remain close to their place of employment. In Indirapuram, the monthly rent for a one-bedroom apartment varies from Rs 7,500 to Rs 10,000. A 2 BHK apartment’s monthly rent ranges from Rs 15,000 to Rs 25,000, while a 3 BHK unit’s rent is from Rs 25,000 to Rs 35,000. Given the high rental yield, this could be a fantastic investment choice.
Indirapuram is renowned for its culinary scene in addition to its advantageous location. With a wide range of restaurants serving different cuisines, Indirapuram’s Windsor Street is a well-known destination for foodies. Some of the top shopping locations and retail brands can also be found in Indirapuram. The Indirapuram Habitat Centre and Shipra Mall are two of the area’s most well-liked retail locations. The popular destination for shoppers in Indirapuram, these malls provide a vast array of goods and services.
Overall, with its advantageous location, dining options, and retail establishments, Indirapuram provides a well-rounded living experience.
Projects Underway:
The Ghaziabad Development Authority has authorized the plan to extend the Delhi Metro’s Blue Line from Vaishali to Mohan Nagar in Ghaziabad (GDA). The launch of the metro route would boost the Indirapuram real estate market. The expansion of the metro system from Noida Electronic City to Sahibabad will be extremely beneficial to this locality. Vaibhav Khand, Shakti Khand, and DPS School in Indirapuram are recommended potential metro stops along this route.
Existence of Reputable Developers:
Indirapuram’s facilities and favorable location were rapidly acknowledged by developers. They saw the region’s immense potential and potential for future growth, so they began creating residential complexes here with a wide range of modern facilities. The skyline of the neighborhood is dominated by numerous high-rises.
The Pervasive Adoption Of Gated Communities in India
When compared to builder floors, buyers in Indirapuram are most interested in gated communities. The CMD of a real estate company, Ashok Gupta, provides the following explanation for this preference: “People are more likely to choose gated communities because they feel protected there. The secure building has several amenities that allow residents to access daily needs without having to leave, such as a clubhouse, playgrounds, and stores.
Moreover, both present and past renters and owners of Indirapuram have given it scores of 4.5 out of 5 on a wide range of factors. These ratings accurately reflect the liveability score of the region and were acquired using the Reviews and Ratings platform of a property marketplace.
However, before making a real estate investment, it is advised to consult with an experienced real estate professional. Since investing in real estate is a big decision, it’s best to do your homework and make sure all of the paperwork is genuine to avoid potential defaults.
Conclusion
In conclusion, Ghaziabad’s Indirapuram has become a real estate hotspot because of its well-developed infrastructure, ease of access to large cities, and strong rental demand. The region has experienced fast development in recent years and is appealing to both end users and investors due to its variety of housing alternatives. Given that new metro routes have been approved and that credible developers are present, Indirapuram is probably going to keep growing and staying a residential destination in the Delhi NCR region.
