Residential market trends Indirapuram is predominantly a residential area, with over 70 percent of the projects being residential in nature. The locality mainly consists of apartments and the residents of the locality work in cities of New Delhi and Noida, and commute daily from Indirapuram.
The locality has both residential properties for the mid-income group and luxury apartments for the high-income group. Price of apartments in Indirapuram for Q1 was between Rs 5, per sq. The price of independent houses in Indirapuram was between Rs 6, per sq. The commercial market in Indirapuram hasn't had enough demand, but with the growing population of the locality, Ghaziabad Development Authority GDA have made plans to add more commercial properties to the locality.
The rental values for commercial shops for Q1 were between Rs 33 per sq. The rental values of the region have seen a slight dip in the past few years. Although the layout was proposed to be a planned township, residents complain of the unplanned development occurring in the locality. Indirapuram typically faces traffic jams, acute shortage of water and irregular electricity supply.
The proposed extension of the Metro line up to Indirapuram will be a key factor for growth in the locality. The Metro line will connect Indirapuram with Sector 62 in Noida, which will reduce the travel time between the two localities. Vasundhara Sector Shakti Khand IV. Kala Patther. Nyay Khand III. Shakti Khand III. Nyay Khand II. Shakti Khand II. Shakti Khand I. Ahinsa Khand II. Ahinsa Khand I. Niti Khand III. Niti Khand II. Niti Khand I. Nyay Khand I.
Gyan Khand IV. Vaibhav Khand. Gyan Khand III. Gyan Khand II. Home Ghaziabad Indirapuram. Indirapuram, Ghaziabad. Rishabh Cloud 9 Skylish Towers. Builder Rishabh Group Mumbai, Contact. Builder Rishabh Group , Contact. Rishabh Hindon Green Valley. Commercial market trends The commercial market in Indirapuram hasn't had enough demand, but with the growing population of the locality, Ghaziabad Development Authority GDA have made plans to add more commercial properties to the locality.
Major challenges Although the layout was proposed to be a planned township, residents complain of the unplanned development occurring in the locality. Most of the residents of Mayur Vihar, IP Extension and adjoining areas of Delhi were exposed to the modern urban housing with club, swimming pool and other high-end amenities in this market. Other residents of Noida and Ghaziabad had till then availed only the plotted developments and apartment with amenities was introduced to them here only.
Welcome to Indirapuram! It is a property market on National Highway 24 that falls in the Ghaziabad district of Uttar Pradesh. However, its location has the equidistance advantage with Delhi , Noida and Ghaziabad. Established in its emergence on the property market landscape in the early led to homebuyers flocking to this micro market. Tanveer Alam, a property agent recalls how people started selling their homes that were mostly cooperative housing societies, government housing and plotted developments.
Everyone wished to buy an apartment here and avail the kind of amenities that were exclusive luxury for the high-end Gurgaon homebuyers in Delhi-NCR till then. Since the government also wanted to showcase it as the future of the city, the law and order was as good as Delhi. However, the rapid development in the micro market led to an inorganic growth of the location where the load on the infrastructure is taking its toll now.
One can easily vouchsafe that today Indirapuram has reached its saturation point by all means — price point, population density, the load on infrastructure and future development potential.
The residential property rate that was initially at Rs 2, per square feet reached to Rs 3, per square feet in but now struggles to cross the barrier of Rs 6, Nikhil Hawelia, Managing Director of Hawelia Group does not agree that Indirapuram has reached its saturation point — both from the perspective of price point as well as new launches.
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