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According to the sources available to www.propertykhazana.com, Moradabad is in whoosh with new developments in its realty market and land rates in the city have been hiked by 20-25% from 2-3 years and experts think that the industry will boom more in the future.
Further it is also said by the sources at the www.propertykhazana.com that nearly, every famous builder is buoyant on to take up various realty ventures in Moradabad and are proposing to appear with housing ventures and shopping malls in the outskirts of the city. The list comprises the names like Ansal, Parsvnath, Taneja Developers and Infrastructures, Guarsons and Supertech. Considering the hike in population in the city, presently MDA had formed New Moradabad and 16 new segments are added on 990 acres of property. With such developments in the city’s line, there is no qualm left in the growth forecasts and it won’t be a shocking factor if Moradabad makes title about being as the leading realty in Tier I & III cities.
Meantime, it is added by the sources at the www.propertykhazana.com that Govt. is proposing to develop Garhmukteshwar near Moradabad on the shape of Haridwar and the progress has been decided to catch the interest of visitors and investors, said Ravindra Taneja, VC of Taneja Developers & Infrastructure. Now, rates of plots in Moradabad soar among Rs. 4,500 to Rs. 5,000 per Sq.Mtrs, but still city needs trade with some infrastructure snags on NH-24, the Delhi Road. However, this will not depress land developers with full hopes in Govt.’s orders. Doubling-up of railway line from Delhi to Mumbai is in the last stage of development which will analytic of managing of infrastructure amenities.
Source: NIMMA BENGALURU
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