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Vaishali, Bihar Real Estate

Understanding Vaishali, Ghaziabad

Place and Routes

Vaishali, situated in Ghaziabad, boasts excellent connectivity with a convenient metro station on the Blue Line of the Delhi Metro, providing swift access to Dwarka and other areas in the Delhi-NCR region. The location is also near Noida's commercial centers, such as Sectors 62 and 63, within a 5 km radius.

Realty Situation

The property market in Vaishali thrives, presenting assorted types of living spaces:

  • Property Types: You'll find numerous sorts like 1 BHK, 2 BHK, and 3 BHK flats and villas. Also, various sizes and styles of builder floors and apartments.
  • Costs:
    • Starting price: Rs. 3,229 per sqft.
    • Median price: Rs. 8,447 per sqft.
    • Land rates: Rs. 14,750 - Rs. 34,650 per sqft.
    • Builder floors: Rs. 5,550 - Rs. 10,300 per sqft.
  • Known Projects: Noteworthy developments include Attalika - Ramprastha Green, Thapar The Arthah, Sethi Max City Park Sapphire, and Royce Vaishali.

Amenities and Framework

  • Learning Places: Top schools in the area are KR Mangalam World School, Vanasthali Public School, Modern School, and Sun Valley International School.
  • Shopping: There are several malls including Shopprix Mall, Aamantran, Super Shopping Centre, Signature Global Mall, and lively local markets.
  • Healthcare: Hospitals like Max Super Speciality Hospital, Chandra Laxmi Hospital, Aarogya Hospital, and Sarvodaya Hospital serve the area.
  • Dining: Enjoy dining at a wide array of cafes and popular chains like Walk In The Woods, Pind Balluchi, and Terrace Grill.

Cost Patterns and Growth

  • Annual Increase: Property rates have risen by 1.83% in the past year. Flat rates are up by 5.6%, while builder floor prices have soared by 31.7%.
  • Appreciation Over Time: Major appreciation seen over the past 3, 5, and 10 years makes it a good place for investment.

Issues

  • Pollution: Pollution is a problem due to local garbage burning and industrial activities nearby.
  • Road Problems: Poorly kept internal roads and frequent parking problems are reported.
  • Added Problems: Encroachments, monkey disturbances, and frequent bicycle thefts are some hassles faced by residents.

The Rental Market

  • Rent Prices: Average monthly rentals range from ₹10,700 to ₹48,400.
  • Famous Places: Well-known housing societies in the area include Pearls Gateway Towers, Kamna EWS Flats, and Ramprastha Coral Heights.

Summary from PropertyWala

Vaishali, in Ghaziabad, is a terrific choice for buyers and renters, thanks to its robust infrastructure, connectivity, and rising property values. With so many amenities and educational institutions, think carefully about pollution and infrastructure problems. Delhi and Noida's proximity, and its vibrant real estate, make it an appealing spot for those wanting to invest or live in a connected locality.