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In a transaction that underscores the shifting dynamics of suburban luxury living, a 7,000 sq ft penthouse in Indirapuram, Ghaziabad, has been sold for ₹10 crore. This deal marks a significant moment in Ghaziabad real estate, positioning the area as an emerging hotspot for high-end homebuyers seeking luxury, space, and connectivity.
A Landmark Deal in Indirapuram
Situated on the 39th and 40th floors of Saya Gold Avenue, one of the tallest residential towers in the National Capital Region (NCR), this penthouse offers panoramic views and unmatched exclusivity. The property spans two floors and includes a private terrace garden an increasingly desirable feature among high-net-worth individuals post-pandemic.
The per-square-foot rate works out to around ₹14,000, making it one of the costliest residential transactions in Ghaziabad to date.
Also Read: DLF Exits ₹10,000-Crore South Mumbai Project Through Settlement With Hubtown
About the Property: Space, Views, and Exclusivity
The penthouse is part of a limited collection at Saya Gold Avenue, which offers just 12 such units, ranging between 5,500 and 7,000 sq ft. According to the developer, half of these have already been sold, indicating robust demand in the ultra-luxury segment of Ghaziabad real estate.
Ashish Gupta, a garment exporter and the buyer of this penthouse, said the home met his key requirements: ample space, reputed construction quality, excellent connectivity, and a premium lifestyle offering.
Why Saya Gold Avenue is Attracting HNI Buyers
According to Vikas Bhasin, Managing Director of Saya Group, the sale is a testament to the project’s aspirational value and the broader evolution of Indirapuram into a luxury destination. The development boasts a range of premium amenities, from landscaped gardens and clubhouse facilities to smart home features offering a blend of comfort, convenience, and community.
Indirapuram’s Growing Luxury Appeal
Once known primarily as a mid-income housing hub, Indirapuram has seen growing interest from professionals, entrepreneurs, and investors. This buyer segment is increasingly turning to Ghaziabad real estate as a viable alternative to central Delhi or Noida, seeking spacious homes without compromising on location or connectivity.
With proximity to Delhi and Noida, and well-established social infrastructure such as international schools, hospitals, and retail Indirapuram offers everything a modern luxury homebuyer is looking for.
Expert Commentary on Ghaziabad’s Growth
Ravi Nirwal, Sales Director at Square Yards, called the transaction “a textbook example” of how infrastructure investment can reshape urban housing markets. According to him, projects near the Delhi-Meerut Expressway and the under-construction RRTS (Regional Rapid Transit System) are seeing rising demand and rapid price growth.
“Indirapuram offers a rare combination of affordability, accessibility, and aspirational living,” Nirwal said. “That’s what’s driving the current boom in Ghaziabad real estate.”
Infrastructure Driving Ghaziabad Real Estate Boom
Recent years have seen massive upgrades in Ghaziabad’s infrastructure. The Delhi–Meerut Expressway, nearing completion, and the RRTS corridor have significantly improved travel times and commuter confidence. These developments are reshaping the perception of Ghaziabad from a budget-friendly suburb to a serious contender in the NCR’s luxury housing segment.
Developers are responding by launching larger-format homes, penthouses, and plotted developments to cater to a more affluent buyer base.
Market Outlook and Price Appreciation Trends
A report by Knight Frank India noted that Ghaziabad accounted for 14% of NCR’s total residential launches and 16% of its overall sales in the first half of 2025. Price growth in Indirapuram has outpaced city averages, with a 73% increase between FY 2021 and FY 2025 far exceeding the 38% average across Ghaziabad.
This sharp upward trend in capital values, coupled with sustained end-user demand, suggests that Ghaziabad real estate is on a long-term growth trajectory.
Conclusion
The ₹10 crore penthouse sale at Saya Gold Avenue is more than just a headline-grabbing transaction it signals a broader transformation in Ghaziabad real estate. Indirapuram, once viewed as a mid-income locality, is fast emerging as a luxury real estate destination, driven by infrastructure, amenities, and aspirational homebuyers.
With rising interest from HNIs and a supportive policy environment, Ghaziabad is well-positioned to continue its upward climb in the NCR housing market. For those seeking luxury homes with long-term value, this is a market worth watching closely.
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Ans 1. The ₹10 crore transaction is one of the highest-value residential deals in Ghaziabad to date. It marks a turning point in positioning Indirapuram as a luxury real estate destination within the NCR.
Ans 2. The penthouse is located on the 39th and 40th floors of Saya Gold Avenue, a premium residential tower in Indirapuram. It spans 7,000 sq ft, includes a private terrace garden, and offers panoramic city views.
Ans 3. Ashish Gupta, a garment exporter, purchased the property. His decision was driven by the need for larger living space, reliable construction quality, top-tier amenities, and excellent connectivity to key NCR hubs.
Ans 4. The effective per sq. ft. rate is approximately ₹14,000, placing it among the highest-priced residential units in Ghaziabad.
Ans 5. Saya Gold Avenue offers spacious penthouses, smart home features, landscaped open areas, clubhouses, and strong security positioning it as a top choice for high-net-worth individuals (HNIs) looking for a blend of comfort and community.
Ans 6. Indirapuram’s appeal stems from its strategic location near Delhi and Noida, upgraded infrastructure, and the availability of premium lifestyle amenities, making it attractive to affluent homebuyers and investors.
Ans 7. Projects like the Delhi–Meerut Expressway and the Regional Rapid Transit System (RRTS) have drastically improved connectivity, making Ghaziabad more accessible and desirable for long-term investment in luxury housing.
Ans 8. According to Knight Frank India, property prices in Indirapuram have appreciated by 73% between FY 2021 and FY 2025, almost double the city’s average highlighting robust demand and investor interest.
Ans 9. Yes. Several developers are introducing large-format apartments, penthouses, and plotted developments to meet the needs of a more affluent and discerning buyer base in Ghaziabad.
Ans 10. Absolutely. With rapid infrastructure development, increasing buyer confidence, and strong capital appreciation trends, Ghaziabad especially Indirapuram is becoming a prime location for luxury residential investment in the NCR.