Also known as the gem of Ghaziabad, Raj Nagar Extension is one of the most well-known real estate hubs of NCR. It is situated on GDA's newly developed Bypass six-lane highway, NH-58, and offers great connectivity to Delhi. Raj Nagar Extension is just 25 kilometers (40-minute drive) from Shahdara and is surrounded by many industrial hubs like Sanjay Nagar, Mohan Nagar, Industrial Area and Road Industrial Area. Infrastructural development and affordable property prices make Raj Nagar Extension an ideal residential option for middle class home buyers.
Connectivity
Raj Nagar Extension enjoys seamless connectivity to neighboring areas in Ghaziabad such as Vaishali, Vasundhara and Indirapuram. It is only a 15-minute drive from Noida and about 30-40 minutes away from Hapur. It is located within 15 kilometers of Metro Station and a number of direct buses ply from the Vihar ISBT located just 3 kilometers away.Rapid Rail Transit System is likely to pass through this area in future, connecting Vihar (Delhi) with Meerut. In future, Raj Nagar Extension will come closer to Delhi once the New Link Bridge connects Raj Nagar Extension with Karhera at the Hindon airbase in Delhi.
Shopping Malls and Recreation
There are several shopping malls located in and around Raj Nagar Extension. These include Pacific Mall, Plaza, East Mall, Metro Mall, Galaxie, Shopprix Mall, AEZ Mall and Angel Mall. There are also several educational institutions and organizations in this area making it a lucrative destination for investors. Some of the reputed schools here include GD Goenka Public School, Public School, Saraswati Vidya Mandir, Green Field Public School, GPS Public School and Mother India Public School.
Real Estate in Raj Nagar Extension
Raj Nagar Extension is primarily an affordable housing neighborhood with mid-rise apartment complexes. Currently, there are nearly 30-35 developers who have their projects in Raj Nagar Extension. About 32 housing projects with 4,900 flats are likely to be given for possession in 2014. Developers, Vasu Infrastructure, Land Craft Developers, SVP and KDP Developers are some of the renowned developers who have set up base here. Units sizes in Raj Nagar Extension range from 500 sq. ft. to 4900 sq. ft. The minimum price of property in Raj Nagar extension is Rs. 2095/sq. ft. (Bliss infratech Saraswati Apartment) and the maximum is Rs. 9106/ sq. ft. (Ashiana homes Villa am), bringing the average property price in Raj Nagar extension to Rs. 2500/ sq. ft. Proximity to Delhi, Noida and other industrial hubs of Uttar Pradesh makes Raj Nagar Extension an attractive location for end users.
Property rates in Raj Nagar Extension have risen by upto 37.5% in last 6 months.
Some of the recently launched projects in Raj Nagar Extension, that you might be interested in, are Crystal Greens.
