Overview of NH 24, Ghaziabad

Locality and Linkages

• NH 24 is a long highway that stretches 438 km. It connects Delhi to Lucknow and runs through several cities in Uttar Pradesh, like Ghaziabad, Hapur, Moradabad, and Bareilly.
• Being a key point in the National Capital Region (NCR), this area offers great connectivity. Noida and Delhi are just minutes away, while Vaishali Metro point lies about 12 km away. The Ghaziabad Railway Station is only 3 km away.
• The extension plans for the metro and the Delhi-Meerut Regional Rapid Transit System (RRTS) promise to boost connectivity even more.

Property Prices

• The average cost for properties on NH 24 varies between ₹4,034 and ₹6,976 per square foot. Here's a breakdown:
  • 2 BHK Flats: ₹ 28 lakhs to ₹ 1.18 Cr.
  • 3 BHK Flats: ₹ 65 lakhs to ₹ 2.41 Cr.
  • Plots: ₹ 42 lakhs to ₹ 8 Cr.
  • Ready to Move Flats: Starting from ₹ 15 lakhs based on BHK type.

Availability of Real Estate

• Over 2498 apartments/flats for sale exist here:
  • 2114 properties ready to move in.
  • 1410 resale properties.
  • 357 under-construction units.

Popular Estates

• You’ll find some notable projects: Wave City, Mahagun Puram, Organic Homes, Wave Executive Floors, and Jasmine Grove.

Amenities and Facilities

• This area is becoming a prime hub with high-quality infrastructure including schools, hospitals, and commercial offices.
• Developments like Wave City and Mahagun Puram provide a modern cosmopolitan lifestyle.

Rental Details

• There’s a range of rentals available:
  • Affordable options: Over 100 properties with rents less than ₹15,000/month.
  • Mid-segment options: 210+ properties with rents between ₹15,000-₹19,000/month.
  • Premium properties: Above 170 properties with rents greater than ₹19,000/month.

Growth and Evaluation

• Prices here are rising significantly:
  • Year-On-Year (Y-O-Y) Growth: Around a 34.1% average price increase.
  • Long-Term Growth: 84.4% over the past 3 years and 93.4% in the past 5 years.

Safety and Living Conditions

• Many residents rate NH 24 highly for safety, connectivity, and overall living conditions, with a rating of 4.40 out of 5.

PropertyWala’s Take

NH 24 in Ghaziabad emerges as a strong investment opportunity both for investors and users in the real estate market. Thanks to its excellent connectivity, ongoing infrastructure projects, and price growth, it stands out. This region’s mix of affordable to premium properties ensures something for everyone. The upcoming expansions in the metro and RRTS are set to greatly enhance the locality's appeal, making it a promising spot for real estate investment in the NCR area.