Among the top ten localities which are preferred in Ghaziabad, Sahibabad has made an entry. It has been a commercial and industrial zone of Ghaziabad but now, it has turned out to be a hotbed of residential real estate activities. Compared to close by areas such as Vasundhara, Raj Nagar extension and Mohan Nagar but the realty in Sahibabad is still growing. Currently, only a handful of noteworthy developers have started projects in the area. However, the infrastructure development in the area is quite good which is prompting Sahibabad to grow as a property destination. Within 2-3 years, the area will transform into a residential hub and have numerous projects offering various amenities.
A lot of developers have understood the capability of this area for buying a residential hub which is close to the Delhi and other NCR region which has prompted the beginning of construction for residential apartments in the last couple of years. Both end users and investors have been seen to divert their attention to this area. One of the main reasons why people prefer this area is because of the peaceful environment. The area has fewer numbers of people living here which is why there is a lot of openness and greenery around. The green surroundings have encourages a lot of builders to start up projects here. However, building residences here is not very easy as clearance needs to be obtained from the Hindon Air Force Station and the local GDA. Once the clearances area obtained, builders can begin construction here although it cannot go beyond 14 storeys.
Another reason why people want to live here is the direct link of Sahibabad to the Delhi NCR region through Mohan Nagar. Moreove, the NH 91 from New Delhi goes through the NH 58 and then crosses Sahibabad and further goes on to the NH 24. This has brought in a lot of investor and end user attention to this area. Most of the buyers belong to the service class and they prefer buying middle segment properties which are available between Rs 30 lakhs and Rs 50 lakh. The cost of a 2BHK unit in this area is roughly between Rs 30 lakhs and Rs 60 lakhs and their sizes are between 1000 sq. ft. and 1200 sq. ft.
For 2 BHK flat in Delhi prime locations you would have to spend anything between Rs 2 crore to Rs 3 crore. The 3BHK units that are available are between 1450 sq. ft. and 1800 sq. ft. and they cost around Rs 40 lakhs to Rs 80 lakhs. Both semi-furnished and furnished apartments are available and they come up amenities such as reserved parking, water storage, power back up, vaastu compliance and security round the clock.
The projects which are under construction are being tagged as ones which are offering affordable luxury and additional basic amenities which have attracted the attention of NCR homebuyers. The social and physical infrastructure of the area is also another factor which has brought in numbers of buyers. Many leading universities, schools and medical centres are located around and in the area. Retail stores and shopping areas are also available nearby. The area more or less offers all that a household needs. Therefore, for spacious places to live in with modern amenities, Sahibabad is the best area. The flats are much affordable compared to 2BHK flat in Delhi and the ambience is better too.
DDA has also started off with its own housing schemes within a fortnight and this housing scheme is believed to be the largest. The 2014 scheme shall be offering around 25,600 flats and the brochures shall be made available shortly from 25th August. The largest component of the scheme is the 1BHK apartments available, 24000 in number almost. The 1 BHK apartments are slated to have 28 sq. metres and along with common space, the area comes up to be 32 sq. m. The authorities claim that the main emphasis of the apartment complexes would be the fund devoted to the maintenance of the flats for 30 years, Rs 300 crores and also the green technology being employed for the housing society.
The fund allotted for maintenance is the largest which has been introduced by the DDA and it will be collected through a fix amount which shall be collected from every apartment owner. Within the cost of the flats, the officials have included Rs 1.3 lakhs which when brought in together will yield Rs 300 crores. The interest which the corpus brings in shall be used for maintenance works of the flats for both electrical and civil works. The brochure is expected to bear a promise from the DDA regarding the maintenance of the stairwells, facades, and the surrounding area along with the electrical fittings. The authority may take up the onus of maintaining the flats themselves or they could allot the money to the RWA of the area.
One of the highlights of these flats is the AAC blocks or Auto-clave Aerated Concrete blocks that shall provide economic construction and design from the point of view of health, electric fixtures which are energy efficient for the purpose of lighting up the common space and a VOC or Volatile Organic Compound for painting the houses, and use of fly ash for concreting and tanks for rain water harvesting and a 5 L limited capacity cistern for conserving water.
The DDA is quite hopeful of fulfilling expectations via their efforts in the housing scheme and their emphasis on the fund for maintenance and green norms would bring in a lot of buyers. Housing in Delhi is very expensive which is why the DDA has brought in forty three housing schemes in Delhi that would provide 3.5 lakh houses in the city. These schemes have a mix of both 1BHK and 2 BHK flat in Delhi on offer and the properties are quite affordable compared to what private builders and developers would be charging for them. These schemes would be of much help to the middle and low income group residents of the city.
