| Uttar Pradesh Real Estate: Ambitious Plans | | | | starting price of Rs. 7500/- per sq. yds., revised to Rs. |
| Not to be left out by the change of scenery being | | | | 8,500 per sq. yes. end-November 2005. Investors who |
| wrought in the National Capital Region (NCR), the UP | | | | paid a booking amount of 30% of the total cost price, |
| government has ambitious plans for developing the | | | | found the re-sale value of Ghaziabad real estate to |
| industrial city of Ghaziabad into an attractive city to | | | | have appreciated by Rs. 700 to Rs. 800-per sq. yds. |
| rival its counterparts. And, the UP city has received a | | | | A small 250-sq. yd. plot, with a booking price for Rs. |
| tremendous response from a large section of NRIs, | | | | 5.63-lakhs has appreciated, by as much as Rs. 2.-lakhs. |
| including other investors worldwide, after it became | | | | With the project likely to be launched in June 2006, |
| known it will be a walled city with an 8-lane highway, a | | | | between December 2005 and June 2006, it is |
| college, a separate police district, a hi-tech 1000-bed | | | | estimated the land will further appreciate, with plots |
| hospital, an 18-hole golf course, a gym, several parks, | | | | going for Rs. 12,000-per sq. yd. And, long term |
| petrol pumps and metro rail. All in the planning state, yet | | | | investors are bound to see property prices touch Rs. |
| interested investors and end-users are stampeding to | | | | 30,000-per sq. yds. by the end of 3-years. With plot |
| book plots and not miss out on real estate | | | | possession scheduled to take place early 2008, |
| opportunities they missed out when Gurgaon, Noida, et | | | | whether one is an end-user or an investor, in the |
| al were in the initial stages of development. | | | | long-term Ghaziabad is great real estate investment, |
| The right time to take advantage of a not to be | | | | with land costs rising eves as one writes. |
| missed real estate opportunity, an investor can double | | | | Across the length and breadth of India, real estate |
| and triple his hard earned cash reserve many times | | | | costs are rocketing higher and higher, as foreign firms |
| over, simply by investing in Ghaziabad real estate. | | | | and returning NRIs fuel the demand for business and |
| Approval of the scheme and plans to change the look | | | | residential space. Whether, you buy in North, South, |
| of the industrial city by Ghaziabad Development | | | | East or West India, your little piece of land holding is |
| Authority has led prominent builders, such as Uppal | | | | going to double, treble and much more, over the years. |
| Chadda and Sun City to come forward with attractive, | | | | The hottest market in the world, Indian real estate |
| easy to pay instalment schemes for investing in their | | | | market is riding on the waves of India's robust |
| residential houses, flats and commercial property | | | | economy, that ensures a rapidly growing middle class |
| complexes. | | | | with higher salaries, easy bank loans = dreams of a |
| A tremendous opportunity for investors, the pre-launch | | | | small home of their own. |
| of these projects took place in Sept. 2005, which led | | | | Our advice to end-user and investor alike would be go |
| to a large number of domestic and NRI investors | | | | for it! |
| investing in plots of 250-sq. yes. to 1000-sq. yds., with a | | | | |