Overview of Vivekanand Nagar, Ghaziabad

Location and Development

Vivekanand Nagar is located in Nehru Nagar, Ghaziabad. This locality is developed and well-connected. It offers different housing options, making it popular among buyers and renters.

Property Types

• Independent Houses: 2 BHK and 4 BHK houses are available.
• Flats and Apartments: Less common than independent houses.

Property Rates

• Average Price per Sqft: Around Rs. 10,810 per sqft. Prices can vary from Rs. 5,169 to Rs. 6,502 per sqft.
• Price Trends: Property rates have fallen by 11.83% over the last year, making it a good time for buyers.

Amenities and Infrastructure

• Connectivity: It’s well-connected, close to key landmarks and shops.
• Facilities: Properties often include amenities like bike and car parking, fully furnished rentals, and essential fittings such as TV cabinets, beds, and kitchen cabinets.

Rental Options

• Fully Furnished Apartments: Available for rent with everything you need.
• Rent Prices: Estimated rent for a 2 BHK house is around ₹13,182 per month.

Investment Prospects

• Current Market: Despite recent price drops, this area is still good for buying and selling due to its development and connectivity.
• Future Prospects: The area's infrastructure and connectivity suggest stable or rising property values in the long term.

PropertyWala's Conclusion

Vivekanand Nagar, Ghaziabad, offers a solid chance for real estate investment. Its well-developed infrastructure, housing diversity, and market trends make it appealing for both buyers and renters. The recent drop in property rates provides a buying advantage, while overall stability and future growth promise a worthwhile investment in the Ghaziabad real estate market.