June 5, 2014

About Locality & Projects of Raj-Nagar-Extension

Projects of Raj-Nagar-ExtensionRaj Nagar Extension, the first affordable city in NCR is strategically located on NH-58. It is in close proximity to Delhi, Ghaziabad, Meerut, and Hapur. The township is spread over 2000 acres comprising affordable homes ranging from 1 BHK for Rs. 15-16 lac, 2 BHK for Rs. 21-25 lac, and 3BHK for Rs. 32-35 lac. It is GDA approved freehold property, which offers easy financing from banks. The proposed Delhi Metro connectivity has drawn a lot of attention of property investors towards this international standard township. Apartments available in this city are aesthetically appealing and are set to emanate vivacity for life.

Nestled in 80 percent green areas like landscaped gardens, parks, etc., Raj Nagar Extension was established by 15 well known developers to offer apartments at very economical prices. These developers are Ashiana Homes, SVP, KDP Infrastructure Pvt Ltd, SG Estates, Landcraft, ShreyaDevelopwellPvt Ltd, Ajnara Farms & Services, Shree Energy Developers Pvt Ltd, Ascent Buildtech, Nitishree, and also includes upcoming developers like High End Infratech, Krishna Asset Reconstruction, MCC Builders, Quantam Buildwell Pvt Ltd and Shomit Finance Limited.

Projects of Raj-Nagar-Extension
Connectivity of the Locality

Being located on NH-58, Raj Nagar Extension has connectivity with Delhi, Ghaziabad, Meerut, and Hapur. The most well planned city of NCR is in close proximity to Noida (15 min. drive), Greater Noida (35 min. drive), Vasundhara (10 min. drive), Indirapuram (10 min. drive), and Vaishali (10 min. drive). In addition, a six lane proposed expressway will connect G.T. Road with NH 58 leading to the Dehradun via Meerut. Apart from it, the nearest proposed Delhi Metro Station at Mohan Nagar is just 6-7 Kilometer from Raj Nagar Extension.

For those property investors, who have a lot of queries before finalizing their deal in Raj Nagar Extension can benefit from this comprehensive report. Team Sulekha Property has undertaken in-depth research on various aspects of real estate market in the entire Ghaziabad and Raj Nagar Extension. In the following paragraphs we have used charts, graphs, pie charts, bar graphs, scatters, and columns to offer all essential information with regard to residential property in Ghaziabad and Raj Nagar Extension. 
Property availability chart of Raj-Nagar-Extension

Availability of Residential Units as per Unit Type
Property availability chart of Raj-Nagar-Extension
Supply of 2 BHK apartments in Raj Nagar Extension is 5355% of the total supply. Whereas, there is 3833% supply of 3 BHK apartments. Supply of more than 3 BHK apartments is 611% and 31% of 1 BHK apartments. 
Availability of Residential Units as per area

Availability of Residential Units as per area 
Apartments covering 1000-1500 square feet area have 53% property availability and less than 1000 square feet have 28% property availability in Raj Nagar Extension. While, there is 15% property availability of apartments that cover 1500-2000 square feet. Flats spread over more than 2000 square feet have lesser availability that includes 4% only.
Availability of Residential Units as per budget

Availability of Residential Units as per budget 
Above graph gives the authentic information regarding property availability according to the budget of home buyers. Availability of properties ranging between Rs. 20 to 50 lac is 55%. Apartments between the ranges of Rs. 50 lac to 100 lac have 11% units. Whereas, there are 33% flats that range from Rs. 10 to 20 lac. In addition, flats less than Rs. 10 lac have only 1% availability.

Price Trend in Raj-Nagar-Extension

2011 (Price range)
Locality
Min
Max
Avg
% change
Raj Nagar Extension
1600
3100
2350
31%
  
  Price Trend in Raj-Nagar-Extension 

As compared to the year 2009, Crossings Republik has witnessed a continuous rise in property prices in 2010 and 2011. Average residential property price in 2009 was about Rs. 1900 per Sq.ft. which increased to Rs. 2018 per Sq.ft. in 2010, and Rs. 2268 Sq.ft in 2011 respectively. The tremendous rise in property prices over the past two years is 11 percent. 

Major Builders &Projects:

Builders
Projects
Size of Project
Ajnara India Ltd
Ajnara Integrity
2 BHK, 3 BHK, 4 BHK
Ajnara India Ltd
Ajnara Grace
2 BHK, 3 BHK
KDP Infrastructure Private Limited
Grand Savanna
2 BHK, 3 BHK
Ashiana Homes Pvt Ltd
Ashiana Palm Court
3 BHK
Quantam Buildwell Pvt Ltd
Quantam Residency
2 BHK, 3 BHK, 4 BHK
Landcraft Developers
River Heights
2 BHK, 3 BHK
SG Estates Ltd
Impression 58
2 BHK, 3 BHK, 4 BHK
SG Estates Ltd
Impression Plus
2 BHK, 3 BHK, 4 BHK
SVP Group
Gulmohur Gardens
2 BHK, 3 BHK
Star Realcon Pvt Ltd
Star Rameshwaram
2 BHK, 3 BHK
  
Major Commercial /Industrial Establishments:

Project Name
Status
Ajnara Orchid (Shops & Office Spaces)
Under Construction
MRProview GNB Plaza (Mall)
Under Construction
KDPMGI Polestar (Mall)
Under Construction
  
RNE- Real Estate Profiling – Neighbourhood Info:

Category
Names
Restaurant
Raavi's Restaurant, KFC Restaurant, Haveli Restaurant, Udupi Krishna Restaurant, Ananta Vatika Family Restaurant, Suruchi Restaurant, Kamal Restaurant
Theater
Sangam Theatre
Schools
KDB Public School, St. Thomas School 2, Diwakar Model Senior Secondary School, Little Scholars, Little Flower School
College
Lajpat Rai Post Graduate College,  RCCV Girls College, Ajay Kumar Garg Engineering College
Supermarket
More Supermarket
Malls
Big Bazar, East Delhi Mall,  Pacific Mall, Shipra Mall
Hospital
Heera Lal Hospital, Jain Hospital & Research Centre, Meenakshi Hospital
 
Return on investment at Raj Nagar

 

The above chart depicts the approximate return on the investment in real estate market of Raj Nagar Extension for the past 8 quarters. At an average for every INR 10 lakh invested in a property at Raj Nagar extension would give you a return of INR 13.84 lakh in 2010 and a return of INR 18.07 lakh in 2011.


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