This
is true that 80% people in our country desire to spend their life in the lap of
nature surrounded by #hills, pollution free, noise free environment with access
of fresh vegetables and fruits. To fulfill their desire, people have started
moving towards hills to buy a suitable property not only for accommodation
purposes but also for investment. With the growing popularity of real estate as
an investment, these hill destinations offer fantastic investment opportunities
as the demand for properties in hill stations are growing. The hills of #Uttarakhand have turned out to be one of the most favoured locations for
residential development in our country. People are moving to Uttarakhand to buy
a property not only for second home/ vacation home but also for investment
because of appreciation of property prices in last few years.
Real
Estate prices in most of the famous #hill stations of Uttarakhand have gone up
by upto 80% in last couple of years. Experts forecast a rise of upto 100% in
the next few years and also forecast that some new hill destinations in
Uttarakhand itself come into limelight because of the increasing demand and an
urgency to maintain the demand supply ratio.
Uttarakhand
is known as the land of God and divides into two main regions popularly known
as #Garwhal region and #Kumaon region. Garwhal region is the home of Kedarnath,
Badrinath, Yamunotri, Gangotri, #Haridwar, Rishikesh, Hemkunt Sahib etc. while
Kumaon region is the home of Poorna Giri Temple, #Jageshwar temple, Baijnath
Temple, Chitai, Ghorakhal temple, caves of Paatal Bhuwneshwar, Kainchi temple,
Reetha Sahib etc.
Uttarakhnad
is not only known for its famous hill stations and temples but also for quality
education as #Dehradoon and #Nainital district of Uttarakhand provide one of the
best institutes, schools and colleges in India.
Uttarakhand
is full of unspoiled beauty. The cool climate in the most parts of this state
is the best option to beat away the summer blues. Most part of the state is
blessed with beautiful mountains, captivating views, a great climate and a
healing environment. Places like Haridwar, #Rishikesh, Mussorrie, Dehradun,
Tehri, Auli, Dhanaulti in Garhwal region and Nainital, Rudrapur, Almora, #Ranikhet, #Lamgara, #Mukteshwar, Kausani, #Ramgarh, Pithoragarh etc. in Kumaon region
are attracting more and more people for investment in the real estate sector. Many
places in the hills of Uttarakhand offer splendid view of the imposing #The
Great Himalayan Range including Nanda Devi, Trishul, Om Parvat, Panchachuli,
Chaukhamba etc.
In
recent years, Uttarakhand is witnessing some major construction projects
including hotel projects, real estate residential projects as well as
commercial projects. This is why the prices of properties in Uttarakhand have
become very competitive which turns Uttarakhand a sound place for the real
estate investment. Today, many individuals are buying properties in these areas
for settling down after retirement which is another good option.
So, buying a property in nearby places of
Dehradun, Haridwar, Nainital, Mussorrie, Almora, Lamgara, Mukteshwar etc. can
fetch you good returns in the future. There
is a lack of available good land parcels on the hills. So, when planning a
residential project on the hills, some of the main factors that the developers
look for are water availability, accessibility, less tree density (as cutting
of trees is a big crime in the hills), friendly land terrain, electricity and
most importantly the view. Finding a land which satisfies all these criteria is
extremely difficult. With the demand for property investment in these places increasing and shortage of land parcels
available, the prices are likely to keep rising which somehow makes investment
on the hills a better proposition than the plains.
The
demand for owning property in the hills of Uttarakhand is booming and making it
one of the most viable economic investments for the buyers. The state of
Uttarkhand not only enjoys the proximity with the National Capital Region
(Delhi- NCR which is approx. 250 kms. from Haldwani) but also shares its
borders with the state of Haryana, Himachal Pradesh and UP and this along with
some other important factors makes Uttarakhand one of the most favourable place
for #Second Home/ #Vacation Homes or #real estate investment.
