Real Estate Indirapuram Properties - Seen to Reach at the Highest Demand

The real estate Indirapuram properties have been seen to reach at the highest demand due to the close proximity of the city from Noida and Delhi. The demand for the housing and the infrastructure of the Indirapuram are seen to be increasing dramatically as the city is being located between three major cities like Ghaziabad, Delhi and Noida.

The core strength for the development of this city is that it is very well connected to Delhi, Ghaziabad and Noida, where one can reach in terms of railways, roadways, and airways. The Indira Gandhi International Airport is the nearest airport which is located at a distance of 45 km. Today one can easily find out flats for rents and sale as GDA and 2 BHK flats in Indirapuram etc.

In terms of launching the commercial properties the investors have found the city of Indirapuram as one of the most approved space. Lalit Jain from the Jain Constructions state that property in Indirapuram is having the great demand especially in the high rise commercial towers with excellent amenities along with the good power backup facilities and proper centralized security and maintenance system. Easy accessibility from the city Delhi, Noida and Faridabad are the main reason for the growth of the Indirapuram Properties. It is just 35 min drive from Delhi and hence is being featured with number of attractive malls like Shipra mall which is known to be the crown of all. Aditya Mega Mall, Premier Mall, Eros Market Park Plaza, Sunrise Green Plaza, OC Square Place and D Mall are some of the retail spaces in the Indirapuram.

As the market for the property in Indirapuram has reached little below the saturation point, hence it is thereby offering a strong potential for developing new residential projects. The well and renowned builders who have successfully launched their projects in this region includes Gaursons, Mahagun, Amrapali, Antriksh, Vasundhara, Jaipurias, Assotech, Ashiana, Supertech, Krishna Apra,, Agarwal Associates, Parsvnath, Express Builders, etc. Most of the projects by these developers have already been launched, while some others are still in the pipeline. Among the total of 90 projects, 66 projects have been completed, while 24 are under construction having the occupancy rate of 72%. The price of more than 26,394 flats vary between Rs 1,900 and 4,200 per sq ft.

During the period of 2006-2009, the values for the residential Property in Indirapuram have seen to be highly stabilized with marginal escalation being registered at the rate of 70-80% appreciation. Some of the indirapuram property being launched in certain specific areas are Divyansh Pratham, Eastern Height VXL Realtoes, Arihant Paradiso, ATS Infrastructure, Antriksh Apartments, Krishna Apra Garden etc. The current capital value of apartments varies from Rs 3,500 to Rs 5,500 per sq ft.

Apart from all the above, the capital value for the properties in the Indirapuram especially in the malls vary from Rs 10,000-15,000 per sq ft, while few premium malls are such as OC Square by ABA builders Limited also gaining up to Rs 24,000 per sq ft. Dujendra Bhardwaj, the director of JMD Realty Pvt Ltd stated that due to the advancement in the city, the demand for the Property in Indirapuram are highly increasing. Thus it has become one of the outstanding place in terms of the investment.

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