Rental Markets in Indirapuram, Ghaziabad
Apartment capital values in Ghaziabad's Indirapuram in May averaged at Rs 3, 000/sq ft and three months later it dipped to Rs 2, 600 and then started looking up around December 2007 to Rs 3, 000-3, 500. In February the values have again started decreasing to Rs 2, 500-3, 000. However, the rental market has been active and rentals continue to show upward trend across different categories. Majority of the apartments at Indirapuram are 2BHK and 3BHK. According to Surendra Shah, a Ghaziabad property broker, "The dip in prices in Indirapuram was primarily because of the rise in rate of interest. ...
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