Affordable localities to rent a property in Ghaziabad

Ghaziabad is one of the sought-after real estate destinations in the National Capital Region (NCR). It has witnessed a noteworthy transformation over the years from a bustling industrial hub to a well-established residential destination. Further, the rapid expansion of the Delhi Metro network and the Regional Rapid Transit System (RRTS) link has resulted in increased real estate activities in the region. Further, due to its proximity to Delhi, the corporate hubs of Noida and new educational institutions in the area, Ghaziabad is a comfortable location for office goers, families and students alike. Thus, the area sees a steady demand for rental properties. In this guide, we list the affordable localities to rent a property in Ghaziabad.

Residential rental market trends in Ghaziabad

The residential market of Ghaziabad has witnessed steady growth over the years. Factors such as access to commercial hubs and offices, easy connectivity and upcoming projects like the Delhi Metro expansion and Jewar airport have led to an increased demand for rented properties in the region. Rental rates in Ghaziabad have seen a 13.95% YoY increase. The average rent for a residential property in Ghaziabad is Rs 21,500.

Key drivers of the residential rental market in Ghaziabad

• Accessibility to employment hubs: Ghaziabad has well-established industrial areas. Besides, the corporate offices of Noida are easily accessible by road and metro. Hence, there is a high residential rental demand among the working population.
• Proximity to Delhi and Noida: Ghaziabad is linked to Delhi, Noida and other areas in north India via arterial roads, including the Delhi-Meerut expressway. Further, the Delhi Metro network is a lifeline for several working professionals travelling to Delhi, Gurgaon and Noida from Ghaziabad.
• Educational hubs in the area: Ghaziabad has emerged as a prominent educational hub due to the presence of reputed business schools and other colleges. This makes the area ideal for the student population who prefer to stay on rent.
• Affordable rent: The rental rates in Ghaziabad are quite affordable compared to the rentals in Delhi and Gurgaon. Hence, many people prefer this location, which has led to a steady demand for homes, including rental options.
• Infrastructure developments: Infrastructure projects such as the Delhi Metro expansion, RRTS connectivity and Jewar airport have led to the development of Ghaziabad as a promising real estate destination. Commercial activities have increased in the region, which has contributed to a rising demand for rented properties.

Affordable localities to rent a property in Ghaziabad

#1. Wave City

Wave City is an upmarket neighbourhood in Ghaziabad, with excellent road connectivity via NH 24, Eastern Peripheral Expressway and New Delhi Meerut Expressway. The area is witnessing several real estate developments, including residential and commercial projects. Social infrastructural facilities are available, including schools, healthcare facilities, shopping malls, etc. There are several commercial hubs, including start-ups and other offices in the vicinity.

Rental options: Independent builder floors and apartments in gated projects of 1, 2, 3 and 3.5 BHK sizes are available in the area.

#2. Raj Nagar Extension

Raj Nagar Extension is a popular residential locality in Ghaziabad. Located adjacent to the NH-34 and NH-9, the area is also connected to Delhi and Noida via arterial roads such as Meerut Road (NH-34), Meerut Bypass Road (NH-9) and Raj Nagar Extension Road. Public transportation and social amenities are available here. Further, corporate hubs of Noida and Meerut Road Industrial Area are well-connected to the locality. The Hindon River metro station on the Delhi Metro Red Line provides metro connectivity to the area.

Rental options: The area offers plenty of rental housing options, including 2, 3 and 4BHK apartments in gated communities, for a monthly rent of Rs 16,000 to Rs 40,000.

#3. Sahibabad Industrial Area

The Sahibabad Industrial Area is a prominent industrial area ofs Ghaziabad, which is also serves as a good residential locality for people working nearby. It has good connectivity via the Delhi Metro Blue Line and other public transport facilities. Social infrastructure is well-developed, including schools, hospitals, shopping malls, etc. Business hubs such as Sector 63 Noida is easily accessible from the Sahibabad Industrial Area.

Rental options: Independent builder floors and apartments of 1 and 2BHK sizes are available for monthly rent of Rs 7,000 to Rs 15,000.

#4. Nehru Nagar

Nehru Nagar is a rapidly developing area of Ghaziabad nestled close to areas such as Daulatpura, Kavi Nagar, Bhur Bharat Nagar and Kavi Nagar Industrial Area. There are bus stops and railways stations in the vicinity. Social infrastructure is well-developed, including schools, healthcare centres, shopping malls, parks, etc.

Rental options: Independent builder floors and apartments of 2, 3 and 4BHK sizes are available for a monthly rent of Rs 15,000 to Rs 40,000.

#5. Vasundhara

Vasundhara is a residential locality in Ghaziabad with well-developed social infrastructure, including schools, hospitals, shopping malls, etc. Several public transport facilities are available and there are plans to extend the Delhi Metro network to this area. Corporate offices in Ghaziabad and Noida are easily accessible from here.

Rental options: The area offers premium residential options, including 2, 3 and 4BHK apartments and independent builder floors for a monthly rent of Rs 20,000 to Rs 45,000.

#6. Vaishali

Vaishali is a residential cum commercial neighbourhood of Ghaziabad near east Delhi and Noida Sector 62. It is surrounded by localities such as Kaushambi, Patparganj, Vasundhara, Indirapuram and Sahibabad. Public transportation and social infrastructural facilities are easily available. Besides, Vaishali Metro station on the Delhi Metro’s Blue Line provides metro connectivity to the area. Vaishali also enjoys connectivity via arterial roads such as Madan Mohan Malviya Marg, Delhi-Meerut Expressway and Raj Nagar Extension Elevated Road. The Sahibabad Industrial Area, IT parks and corporate offices in Noida can be easily accessed from here.

Rental options: There are plenty of rental housing options for home seekers, including 2 and 3BHK apartments and independent builder floors for a monthly rent of Rs 25,000 to Rs 40,000.

#7. Crossings Republik

Crossing Republik is a planned township in Ghaziabad situated along the Delhi Meerut Highway, with easy access to Noida and Greater Noida. The Sahibabad Industrial Area and Meerut Industrial Area and IT hubs of Noida are in proximity, which makes the area suitable for working professionals. It also has a well-developed social infrastructure, including schools, hospitals, shopping malls, etc.

Rental options: Independent builder floors and apartments of 1, 2 and 3BHK apartments are available for a monthly rent of Rs 10,000 to Rs 25,000.

#8. Modinagar

Modinagar is a prominent locality in northeast Ghaziabad. The area has good educational institutions, which attracts many students. Modinagar is situated on the Delhi – Mussoorie National Highway (NH – 58), which provides excellent connectivity to neighbouring regions. Social infrastructural facilities and public transportation are easily available. The commercial hubs of Delhi and Noida are at a distance of 60 km and 46 km, with easy accessibility via road.

Rental options: There are independent houses and 1 and 2BHK apartments, available for a monthly rent of Rs 10,000 to Rs 15,000.

Housing.com News Viewpoint

With infrastructure projects like the Delhi Metro expansion and Jewar airport, Ghaziabad will continue to develop. This is expected to increase rental rates as the demand for rented homes grows. Prospective tenants looking for rented properties in Ghaziabad should consider several factors such as budget, availability of public transportation and social amenities and accessibility to the workplace or educational institutions.

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