SOURCE : NEW18 NEWS
Last Updated:May 17, 2025, 13:54 IST
As NH24 corridor continues its upward trajectory, Ghaziabad is strategically positioned to ride this wave, firmly establishing itself as a prime and promising address within NCR.
Ghaziabad’s location on NH24 is its cornerstone.
Authored By Amit Modi
The National Capital Region (NCR) remains a hub for real estate activity, constantly expanding and evolving. Within this landscape, Ghaziabad, strategically positioned along National Highway 24 (NH24), is solidifying its status as the next frontier for real estate development and investment, attracting both homebuyers and developers. It offers a value proposition by merging accessibility to major NCR employment and commercial centres with a quieter, better-planned living environment.
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Ghaziabad’s location on NH24 is its cornerstone. This highway provides connectivity to key NCR cities like Delhi, Noida, and Greater Noida. This advantage allows residents and businesses to access the opportunities these urban hubs offer in employment, education, and commerce, without being overwhelmed by their dense pace. Furthermore, the location allows access to areas like Indirapuram and the Noida Expressway, enabling smoother commutes and broader regional connectivity extending towards Meerut and Lucknow.
What distinguishes Ghaziabad NH24 is its ability to deliver the best of both worlds. For example, Wave City Township offers a peaceful and comfortable environment, providing a genuine sense of escape from the congested surroundings of Delhi and nearby suburbs.
This combination of accessibility and calm is a major draw for individuals and families seeking a better quality of life without compromising on connectivity.
Developers are recognising the potential of the NH24 corridor. It is at the forefront of this interest. Several data-backed factors are fuelling this developer confidence:
• Significant Land Availability: Unlike the saturated markets of Gurugram and parts of Noida, the NH24 region offers more available land parcels for large-scale residential and commercial developments.
• Rising Demand for Premium Housing: The earlier perception of Ghaziabad as a middle-class housing market is changing. Data suggests a trend of upward mobility, with more individuals seeking premium housing. There’s also an influx of people from Western Uttar Pradesh and Uttarakhand seeking better infrastructure and amenities. This shift is creating demand for high-end residential projects, a segment NH24 is well-positioned to cater to. Market surveys show a 15–20% increase in demand for premium housing in Ghaziabad over the past two years.
• Focus on Social Infrastructure: Homebuyers increasingly value communities that offer a complete living experience. Developers in townships like Wave City are emphasizing parks, recreational facilities, and community centres. Well-planned commercial projects and dual-use spaces ensure access to retail, entertainment, and essential services without long commutes, creating a strong sense of community and reducing travel stress. Studies show townships with good social infrastructure see a 20–25% higher rise in property values compared to standalone projects.
The growth of the NH24 corridor is supported by key infrastructure developments:
• Road Connectivity: NH24 has already improved connectivity, and its upgrade from a 6-lane to an 8-lane highway as part of the Delhi–Meerut Expressway will reduce congestion and cut travel times to Delhi and other NCR areas by an estimated 30%.
• Air Connectivity: The operational Hindon Airport and upcoming Jewar International Airport are expected to be major growth drivers. As of March 1, 2025, Hindon Airport began bookings for commercial flights to Kolkata, Goa, Bengaluru, Chennai, and Jammu. Minister of Civil Aviation, Kinjarapu Ram Mohan Naidu, said operations from Hindon will improve connectivity for NCR, Western UP, and Southern Uttarakhand. Jewar Airport, once operational, is expected to handle millions of passengers annually, boosting economic activity and attracting investment.
• Improved Social Infrastructure: With a growing population, there’s increased focus on developing healthcare facilities and educational institutions. Several hospital chains and education groups are establishing or planning to set up in the NH24 corridor, providing residents with key services nearby.
• Future Metro Connectivity: The expected extension of the Delhi Metro network to NH24 areas will significantly improve public transport. While timelines are pending, this expansion will enhance accessibility and raise the desirability of Wave City as a residential and commercial hub. Historically, metro connectivity leads to a 20–30% rise in property values in connected areas.
For homebuyers, NH24 offers a modern, planned environment with access to employment and commercial centres. Compared to other NCR markets, property prices remain more affordable, especially for those seeking value. Diverse housing options, from plots to apartments in integrated townships, meet various needs and budgets.
Ghaziabad, located on the NH24 corridor, is poised to become a real estate hotspot in the NCR. Its location near Delhi, Noida, and Greater Noida, along with land availability, growing demand for premium housing, and infrastructure development, make it attractive for both developers and homebuyers. As the NH24 corridor grows, it is positioned to become a key destination within the NCR.
(The author is director of County Group. Views are personal)
- First Published:
May 17, 2025, 13:54 IST
