Article by Vikas Sharma
The salary needed to buy a home in Ghaziabad’s top neighborhoods can vary based on several factors, including the specific neighborhood, the type of home (apartment, villa, etc.), the size of the home, current real estate market conditions, interest rates, and your financial situation. Ghaziabad, like many other cities, has a wide range of neighborhoods with varying property prices.
To determine the salary needed to buy a home in a particular neighborhood, you’ll need to consider the average property prices in that area and the down payment you can make. Typically, it’s recommended to have a down payment of 20% or more of the property price.
After determining the down payment, you can estimate the loan amount you’ll need and calculate the monthly mortgage payments based on prevailing interest rates. The salary needed will largely depend on your ability to comfortably make these monthly payments while managing other financial obligations.
It’s essential to consult with a financial advisor or real estate consultants or a mortgage lender to get a more accurate assessment based on your specific circumstances and the current real estate market conditions in Ghaziabad.
As of my last knowledge update in August 2023, I can provide some general guidance on the salary you might need to buy a home in Ghaziabad’s top neighborhoods. However, please note that real estate prices can vary significantly over time, and it’s essential to check current property prices and mortgage rates for the most accurate information. Additionally, factors like your down payment, credit score, and the specific neighborhood can also influence your ability to buy a home.
Here’s a rough estimate of Top Residential Locations of Ghaziabad :-
1. Indirapuram
These Indirapuram are primarily a residential area in Ghaziabad very close to Delhi. It offers various housing options including apartments, flats, and independent houses. The Indirapuram properly connected with multiple public transportaion facilites and other civic facilities.These are considered upscale neighborhoods.
To comfortably buy a home in one of these areas, you might need a monthly salary of at least INR 50,000 to INR 150,000 or more. There are many posh prestigious residential group housing societies such as ATS Advantage, Orange County, Assotech Windsor Park, Aditya Mega Citym Ashiana Upvan, Aeges Trine Towers, Shipra Sirishti, Shipra Krishna Vista, and many more.
2. Raj Nagar
Raj Nagar is one of most posh locality in Ghaziabad, which is organized into a grid-like pattern with various blocks and plots. It is likely to have residential, commercial, and institutional facilities. , independent houses, or other types of housing. It is the first choice for living of rich and gentry. Many well known politicians, public servents, and top industrialists are lived here.
These areas are well-established and have a mix of housing options. A monthly salary of around INR 2,00,000 to INR 3,00,000 could be sufficient, depending on the property size and type. The Raj Nagar Ghaziabad is one of the best choice of Independent house living.
3. Vasundhara
Vasundhara is one of the peacefull, lush green locality of Ghaziabad, which is organized into a grid-like pattern with various blocks and plots. It is likely to have residential, commercial, and institutional facilities. Residential areas consist of lowrise apartment complexes, independent houses.
These areas are well-established and have a mix of housing options. A monthly salary of around INR 1,00,000 to INR 150,000 could be sufficient, depending on the property size and type. The Vasundhara Ghaziabad is one of the best choice for peacefull living.
4. Vaishali
Vaishali is primarily a residential area and is known for its planned layout, modern amenities, and a mix of housing options, including apartments, independent houses, and gated communities.
The real estate market in Vaishali has been evolving rapidly, attracting both investors and residents due to its strategic location and good connectivity to major areas in NCR.
Vaishali also has a bustling commercial sector with shopping complexes, malls, markets, restaurants, and entertainment facilities. People from nearby areas often visit Vaishali for shopping and dining.
Vaishali is well-connected to other parts of Delhi NCR through various modes of transportation. The Delhi Metro, specifically the Blue Line, has a station in Vaishali which enhances connectivity to Delhi and nearby areas. To stay here uou might require a monthly income of around INR 50,000 to INR 150,000 or more.
5. Siddharth Vihar
The area is undergoing rapid urbanization and development, with several residential and commercial projects being undertaken to meet the growing demand for housing and infrastructure.
These are emerging areas with new developments. You might require a monthly income of around INR 100,000 to INR 120,000 or more. APex, Prateek, Gaur Siddhartham, T-Homes, Digi- Homes, T&T Eutopia is the best options to live here.
6. Kaushambi.
The real estate market in Kaushambi primarily consists of apartments and residential complexes. The availability of housing options caters to a diverse range of preferences and budgets.
Kaushambi is known for its residential complexes, commercial centers, shopping malls, restaurants, and educational institutions. It’s a popular choice for both residents and professionals working in Delhi and NCR due to its strategic location.
Kaushambi has a Delhi Metro station, known as Kaushambi Metro Station, which is a part of the Delhi Metro network (Blue Line). The metro provides convenient connectivity to various parts of Delhi and nearby areas.
This area offers a range of housing options. To purchase a home here, a monthly salary of INR 40,000 to INR 150,000 or higher could be necessary.
7. Raj Nagar Extension
The Raj Nagar Extension is property connected to Delhi and other parts of Ghaziabad City via Indias longest elevated road. One of the major attractions of Raj Nagar Extension is the affordability factor. The cost of living and housing options here are relatively more budget-friendly compared to many other parts of Delhi and NCR.
It has become a hub for affordable and mid-segment housing, attracting many developers and builders to invest in the area. The real estate market in Raj Nagar Extension offers a variety of housing options including apartments, flats, and independent houses.
You might need a monthly salary in the range of INR 40,000 to INR 70,000 to buy a home here.
THE ARTICLE IS IN THE PROCESS OF UPDATING IF YOU HAVE ANY SUGGESTIONS PLEASE WRITE IN THE COMMENT BOX.
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH. WE ARE NOT DEALING IN THE SALE OR PURCHASE OF PROPERTIES.
