If you’re considering buying property in the NCR region, Ghaziabad could be an excellent choice.
Right now, government flats in Ghaziabad are available at half the market price, making it an attractive opportunity for investors.
These flats are part of the Mandola Vihar scheme by the Uttar Pradesh Housing Development Council, and the prices are expected to rise soon.
This makes it an ideal time to invest in this area.
Details of the Mandola Vihar Scheme
The Uttar Pradesh Housing Development Council has introduced the Mandola Vihar Yojana near Delhi’s Sonia Vihar border.
This scheme offers a variety of flats, including one, two, three, and four-bedroom options. Since August 15, a 42% discount is being offered under this scheme.
Additionally, if you make a lump sum payment within 60 days, you can get an extra 5% discount.
The last date to register for this scheme is October 15.
Interested buyers can visit the Housing Development Council’s office in Vasundhara or check the department’s website for more information.
Property Prices Expected to Rise in Ghaziabad
The Mandola Vihar scheme covers 2,700 acres and includes a total of 9,068 flats, of which 4,839 have already been sold.
The remaining 4,229 flats are still available.
A major advantage of this scheme is its location near the upcoming Delhi-Dehradun Expressway.
Once the expressway is completed, the travel time from Akshardham to Mandola Vihar will be reduced to just 15 minutes.
This improved connectivity is likely to lead to a rapid increase in property prices in the area.
Currently, property prices in Mandola Vihar are lower due to the longer travel time from Delhi via the Loan Border and Shiv Vihar route.
However, with the opening of the expressway, connectivity will improve, leading to a significant rise in property prices.
If you’re thinking of investing, now is a great time to buy property in Ghaziabad, as prices are expected to go up soon.
