Siddharth Vihar: Favoured Real Estate Destination in Delhi NCR

The latest announcement by the Prestige Group acquiring 62.5 acres of land and the Namo Bharat (Rapid Rail) connectivity from Jewar Airport has brought all the attention towards this little 700-acre development by Uttar Pradesh Awas Vikas Parishad, formulated in 2013, known as Siddharth Vihar.

Situated east of the Hindon River, surrounded by Noida, Indirapuram, Vasundhara, Pratap Vihar, and Noida Extension, the "Siddharth Vihar" township of Ghaziabad, Uttar Pradesh, has become a favoured Real Estate destination.

Direct connectivity to Delhi through the 6-lane National Highway-9 is a 20-minute drive. Strategically located with NH-58 on one side and NH-9 on the other, the Delhi Meerut Rapid Rail, New Ghaziabad Metro Station, Electronic City, Sec-63, Noida Metro Station, and Ghaziabad Railway Station can be approached within minutes.

The Year-on-Year price changes for properties in this area have demonstrated an average change of 19-20%. Fewer builders' properties have grown from 28-36% over the last two years.

The regular influx of people seeking jobs in Delhi and nearby areas has resulted in the surge of housing prices across the National Capital Region. The average price range in Noida is between Rs. 9,000/—to Rs. 9,500 /—per sq. ft. Indirapuram is also in the close range of its neighbour. Noida West, also known as "Noida Extension," commands around Rs. 8500/—to Rs.8700/—per sq. ft.

With its proximity to these areas, "Siddharth Vihar" is still a competitive option with all the ingredients to grow big in the future. With big players like Gaursons, Prateek, T&T, Apex Group, SG Estates, and the latest inclusion of Prestige Group, this township is slated to climb the chart and emerge as a significant Real Estate development shortly.

As the Chairman and Managing Director of Prestige Group, Mr. Irfan Razack, stated on the acquisition of the land in Siddharth Vihar, "We are excited about acquiring this prime land in NCR, presenting an excellent opportunity for Prestige Group to strengthen its presence in the region. Extending 'The Prestige City' brand to NCR following its resounding success in Bengaluru, Mumbai, and Hyderabad underscores our group's commitment to offering large-format integrated townships and developments," he said.

With various segments and modern infrastructure, this township presents a bouquet of options for investors and end users. The recent launch of a few projects by T&T and Apex Group has added the luxury aspect to the price range compared to the nearby areas.

Ghaziabad, selected under the State Smart City Mission, has received a Rs. 250 Crore grant over five years. In the recent Uttar Pradesh Global Investors Summit 2024, Prime Minister Mr. Narendra Modi launched projects worth over Rs. 10 lakh crores in Uttar Pradesh. Ghaziabad is set to witness investments worth Rs. 36,000/—crores, which will be allocated for different sectors, including manufacturing, horticulture, IT, and real estate.

?With the rapid-paced development, "Siddharth Vihar" has enormous investment potential and will be the home for approx. 2.5 lakh people in the next five years. Let's all witness this phenomenal growth and enjoy investing in REAL ESTATE.

Till then, HAPPY INVESTING!