The realty sector is still going strong in Indirapuram


Even though real-estate market is facing crunch time across the country, this engine of growth is still going strong in Indirapuram. While it is true that the slump has also hit this bustling place, it has managed to withstand the onslaught of slump, though. Visit any the office of any realty developer or realty consultant on Saturday, Sunday or for that matter on any public holiday, you will see a flurry of activities. Prospective buyers are visiting them in order to either survey flats in various projects or finalizing their deals.

As of now, projects of several builders like Gaursons, SVP Group, Mahagun, Amrapali, Ashiana, Parsvnath, Express Builders, Krishna Apra, Jaipurias, Agarwal Associates and SVP Group are in various stages of completion or already completed. The best thing about Indirapuram is that all these facilities be they malls, hospitals or schools are all in a radius of a few kilometres.


While making a township or building apartments, a developer must heed one important aspect is there a school in the vicinity? It has been found that this is the first question an end-user poses before finalizing a deal. This is followed by a question on the distance of the nearest hospital or mall? However, developers have fast caught on to these finer details while coming up with a project. Yes, the developer should come up with his project in an area where these facilities are available at a stones throw, says Sunil Jindal, director of SVP group. We take special care in our projects so that the buyers do not have to worry about these things. Indirapuam is still seeing activity in the realty market, owing principally to the prices, which are lower than those prevailing at Noida and Gurgaon, says Amit of Supertch. Generally, in societies the prices start from a range of Rs 2,900 to Rs 3,200 per sq ft.


Ajay Rathore, country head of realty consultant Century 21 India, says that Indirapurams road connectivity is OK if not good. Reaching there in peak hours is a difficult task, but then, no place in Delhi or in the NCR is free from traffic woes. Hardcore commercial places like Connaught Place, Nehru Place and South Extension are just at a 40-mintute drive. Big-ticket software companies and educational institutions are right across the highway, while Kaushambi and Ghaziabad are at a 10-minute drive. I think that due to its proximity with all these and other areas, prospective buyers are visiting here in order to finalize flats, Rathore concludes. Sunil Jindal says that as State Bank has reduced home loan rates to 8%, it will further lift the realty market of Indirapuram. We are already seeing positive signals to the loan rate cut. The number of queries we are receiving from prospective customers have shot up, all of a sudden.


Realty experts say the upcoming 2010 Commonwealth Games has triggered a lot of action in infrastructure development, retail and hospitality sectors in and around Indirapuram. What sets Indirapuram apart from other places is the availability of basic infrastructure in the vicinity.


There are no dearth of hospitals, clinics, malls and schools in and around Indirapuram. Moreover, there are several plans in the pipeline to widen NH-24 and develop Habitat Centre on the lines of India Habitat Centre in Delhi. Authorities would do great service if they develop NH-24 sooner rather later.


While it is true that it is place worth living, the only sore point is the public transport, which is appaling. A person has a problem, if he doesn’t own a vehicle. More or less you remain at the mercy of the three-wheeler drivers. They are even worse then their Delhi counterparts!

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