Uttarakhand- The Most Favourable Real Estate Hill Destination

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.