Over the last decade, India has gradually progressed in terms of infrastructure and real estate development. Because of the quantity of capital and technology engaged at various periods, the type of institutions has changed. National Highways and Expressways have played an important role in defining the country’s futuristic and urbanised environment in charting the route for this tale of growth. The administration has made it known on several occasions by presenting infrastructure development and associated sectors as the nation’s growth drivers.
According to JLL, “national roads provide real estate development prospects with 15% upward returns across India.” In the short run, owing to infrastructure development and connectivity, real estate appreciation in the surrounding area is expected to be in the region of 60 to 80%; however, another surge in values occurs when facilities/wayside amenities become operational along the highways.”
Raj Nagar Extension is one such real estate hotspot reaping the benefits of price appreciation due to its closeness to the national highway and expressways. The neighbourhood is ideally located between the elevated Hindon Road and the Eastern Peripheral Road, which connects Kundli, Ghaziabad, and Palwal. This prospective hotspot near Delhi NCR offers competitive alternatives compared to the Capital, Noida, and Gurgaon region due to its relatively inexpensive land prices.
Due to the presence of reputable developers building prolific projects in different sectors such as mid-segment, cheap, and luxury housing, the region has been meeting the ever-increasing demand from investors and end-users. Since India’s first 14-lane Delhi-Meerut highway became fully operational in April 2021, the region’s worth has steadily increased. Raj Nagar Extension also has a variety of social buildings such as hospitals, malls, commercial centres, schools, and so on.
The presence of reputable players in this region also implies a reign of trust and transparency in the neighbourhood, which is expected to continue, increasing credibility and demand for the real estate alternatives offered here. In the future years, a planned international cricket stadium will provide this region a boost in terms of increasing the city’s reputation in entertainment and tourism.
Raj Nagar Extension is therefore becoming an excellent place for buyers and investors looking for well-secured gated communities with a plethora of amenities such as high street retails, kids’ zones, ultra-modern clubs, swimming pools, and so on that revitalise the individual’s mind, body, and spirit. With its close proximity to and seamless access to the business centres of Noida, Greater Noida, and Ghaziabad, the region dynamics bode well for those wanting to make rental income as well.
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