India is a budding superpower in its own right. Its gross domestic
product (GDP) has expanded from £16 billion in 1980 to £500 billion
today, and its economy is now the fourth biggest in the world, in
terms of purchasing power parity. India's rapid annual growth rate of
more than 7 per cent is reflected in the performance of funds
investing in the country.
The property market of Delhi- NCR region especially Greater Noida and
Ghaziabad along with upcoming surrounding areas is booming and
attracting the attention of real investors as they are getting huge
profits and high returns on their investments. Major localities where
property is increasing in value are Vasundhara, Kaushambi, Vaishali
and Indirapuram situated on National Highway 24.
Ghaziabad, situated in the Delhi - NCR region, near to Noida is a fast
developing metropolis that is being referred as next Kuala Lumpur of
India. It is opposite to the Electronic city of Noida. Ghaziabad is
the hub of diplomatic and commercial complexes. And Indira Gandhi
International Airport is just half an hour drive from Ghaziabad.
Ghaziabad from being a mofussil town to being catapulted to the list
of 10 most dynamic cities in the world in which it joins Las Vegas,
Toulouse, Moscow and Munich, Ghaziabad has managed to pull off a true
feat. Delhi- NCR is growing, and that too, at a rapid pace.
Today, skyscrapers and new age shopping malls and huge commercial
complexes are being built in various areas of Delhi - NCR. The city of
Greater Noida and Ghaziabad have impressive infrastructure facilities
in relation to road and rail network, well developed industrial
estates, good banking facilities, reliable communication network,
modern technical institutes and developed commercial markets. The
city's economy is far liberal and transparent towards promoting
private investments, both domestic and foreign. The State has
investor-friendly policies. It has a developed banking system with
over 4500 bank branches.
Developers attribute the rapid growth to Ghaziabad's excellent
connectivity with Delhi, as well as an established IT destination like
Noida. Ghaziabad is very strategically located on the old Grand Trunk
Road. Not only does it attract a sizeable IT/ITES workforce from
Noida, it is affordable for those who can't afford Delhi prices. The
2010 Commonwealth Games is also boosting evelopment in the whole of
east Delhi and beyond and this wave has not bypassed Ghaziabad.
This means that Delhi-NCR is great to invest in and a good destination
for investors as well as families.
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