Muradnagar property: Is the current pricing justified?

Muradnagar's current property prices seem quite high for what's offered. I'm looking at a 2BHK around ₹55L and honestly not sure if it's justified. Is there much negotiation room? My parents believe Ghaziabad has good investment potential, but what about Muradnagar specifically for the next 3-5 years? Also, how's the water supply situation? I've heard about borewell dependency in some areas; is that a major concern there?