New Real Estate Laws Expected To Bring Transparency To Ghaziabad Property Transactions
Ghaziabad Property market is, currently, caught within the web of malpractices. In light of increasing fraud cases in real estate, government considered it mandatory to have a system where sellers would be made accountable for their actions. This would bring transparency to the realty sector. U.P. government is about to come up with another law that would help it address the grievances of buyers, who have complaints to made against sellers. According to this law, real estate agents shall have to get a license for starting his business before he initiates any transaction. He will have to get the license number on mandatory basis. For every district in Ghaziabad, and Delhi NCR for that matter, a top official shall be elected who would assign the licenses. Such a law is expected to put a stop to the unscrupulous activities by property dealers.
At present, Ghaziabad is considered as one of the affordable localities of real estate market. Comparing it to Noida and Gurgaon, the city's realty rates are cheaper. It is hard to find a 2 BHK flat priced at 20 lakhs in these cities, while Ghaziabad real estate offers a number of such options. Let's have a look how a two room flat fares in terms of prices across city's prime localities.
The properties in Ghaziabad, valued at 10-20 lakh price bracket, can be expected at Indirapuram, Vaishali, Vasundhara, Raj Nagar Extension, Lal Kuan, NH-24, Ankur Vihar, and Shalimar Garden. In the same areas, one would find 2 BHKs worth crores too. So, in a way, the localities offer houses catering to low, middle, and upper income groups. Across 30-40 lakhs range, one can consider localities like NH 58, GT Road, Sahibabad, Raj Nagar, Kaushambi, Govind Puram, Crossing Republik, and Ahimsa Khand.