At the height of the real estate boom in the country in 2006, a Newsweek survey on the fastest growing cities in the world's strongest economies put Ghaziabad at the seventh spot - ahead of London and Munich. Hard to believe, but thanks to its proximity to Delhi, the border city has indeed developed leaps and bounds in the last decade. As many as five link roads connect Ghaziabad to Delhi, which is more than any other NCR town. Considering there were just three housing projects in the city in the early 1990s, and a 2BHK would sell for just Rs 10-11 lakh, which is now placed around Rs 60 lakh, Ghaziabad has progressed like there’s no tomorrow.
Known as the Gateway to Uttar Pradesh, the city founded in 1740 by Ghazi-ud-din and named after him, is just 19 km east of Delhi. Two major highways that pass through the city – NH-24 and NH-58 – are seeing tremendous real estate growth, thanks to a strong commercial catchment, a well-planned infrastructure network and an affordable price band. In fact, these two highways have turned the dusty town into a place of high demand.