Mohan Nagar, Ghaziabad

Mohan Nagar is a mid segment locality situated in Ghaziabad, near Sector 1 Vasundhara, Arthala and Sector 2A Vasundhara. Sitting right on GT Road at the Delhi border, it has grown into one of the city's most sought-after residential addresses over the past decade, thanks to its industrial legacy turning into a mixed residential-commercial corridor.

The locality has a range of affordable housing options, including apartments, independent houses and plots, which are relatively inexpensive compared to other areas in Ghaziabad, making it one of the popular localities in the city to buy an apartment. Some of the well-known societies here include Parsvnath Paradise, Saviour Park and SVP Gulmohur Greens. Housing stock ranges from older independent floors to newer gated apartment complexes, giving buyers a mix of budgets to choose from.

Property values have moved up sharply in recent years. Property prices in Mohan Nagar changed +46.1% in 1 year and +88.8% in the last 5 years. Flat prices in Mohan Nagar are currently in the range of Rs 9,450-12,050 per sq ft. There is further scope for price appreciation in this locality due to ongoing infrastructural developments.

With SOBHA now scouting Mohan Nagar for a new residential development, the locality is set to add a premium, branded housing option to its otherwise mid-segment profile — a shift that is likely to push the entire micro-market's positioning upward.