The demonetization in November 2017 adversely affected the real estate sector in Delhi and NCR. However, now things are looking better, and the recent real estate trends show that the demand for commercial and residential property is increasing in Ghaziabad.
The Attraction of Ghaziabad
Ghaziabad’s main USP is its proximity to the capital. This has helped the city build its infrastructure. In fact, credit should be given to the development authorities of Ghaziabad, as they have worked to strengthen the infrastructure in the city, and it is this attraction that has prompted several companies like Dabur, Rathi Alloy, and Bhushan Steels to establish offices in the city. Even ITC and Coca Cola have set up their manufacturing plants in Ghaziabad.
Ghaziabad is a mere 19 km from Delhi and about 46 km from the city of Meerut. The NH 24 is being widened to 16 lanes from the edge of the capital to Dasna. This highway offers quick and easy access to the capital and other parts of the NCR, and along this stretch, you will find several residential and commercial projects well. Also, the Eastern Peripheral Expressway connects to G.T. Road, through which commuters can reach Delhi.
Owing to these factors, Ghaziabad is not only attracting homebuyers, but also commercial property investors. Office space in Ghaziabad is in high demand, as many companies, both national and global, are realizing that it is cheaper to purchase or rent office space in the city, as compared to Delhi, where the prices are quite exorbitant. Also, the office space in the city comes with several features that make it even more attractive.
Benefits of an Office Space in Ghaziabad
You will be able to find a beautifully designed, modern, and well-constructed space for offices in Ghaziabad in areas along the NH 24. There are several benefits of opting for one of these spaces:
Lower investment, when compared to Delhi and Noida
Office spaces offer ample parking from employees and visitors
Many offices are located in areas that are easily accessible by bus, taxis, and auto-rickshaws
Easy access from Delhi via NH 24 for employees living in the capital
Ghaziabad is not overcrowded like the capital and also not as polluted
Office spaces are spacious and come with amenities like 24-hour internet connectivity, power backup, security and surveillance