Wednesday, 18 February 2015

Better Place for Real Estate Investment in Uttarakhand- Kumaon or Garhwal

                                                 

Uttarakhand is known as the abode of God (#Dev Bhoomi) from ancient times. It mainly comprises of two parts, The Kedarkhand and The Manakhand. The name Kedarkhand is derived from the Kedarnath Dham and known as #Garhwal region while the name Manakhand is derived from Kailash Mansarovar Dham and hence known as #Kumaon region. The state of #Uttarakhand is not only a place of famous temples but also a place for quality education and tourism.

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 Uttarakhand for settling down after retirement which is a good option. But sometimes people might get confused that which part of Uttarakhand would be more feasible for buying property & real estate investment? 

Garhwal region comprises of Dehradun, Haridwar, #Mussorrie, Rishikesh, Kedarnath, Badrinath, Yamunotri, Gangotri, #Auli, #Dhanaulti, Tehri etc. while Kumaon region comprises of Nainital, Haldwani, Rudrapur, #Pantnagar, #Almora, Kausani, Jageshwar, #Devidhura, Pithoragarh, #Ramgarh, Mukteshwar, Ranikhet, Lamgara etc. The capital of Uttarakhand (Dehradun) is in Garhwal region while the high court of Uttarakhand (#Nainital) is in Kumaon region. Because of many big and famous religious places in Garhwal belt, people visit these places more.

Both the regions have many famous hill stations. Mussorrie, Auli, Dhanaulti, Tehri etc. are in Garhwal region while Nainital, #Mukteshwar, #Kausani, Ranikhet, Pithoragarh, Almora, #Munsyari etc. are in Kumaon region. Kumaon has the valley of lakes or lake’s district known as Nainital while Garhwal has Queen on Hills, Mussorrie. Kumaon has #Queens’s meadows- Ranikhet, and mini Switzerland- Kausani and Lamgara while Garhwal has the beautiful valley on Auli and Dhanaulti. Most of the hill stations in both the regions experience #snowfalls during winters. Corbett National Park is in Ramnagar (Distt.- Nainital). Kumaon is also known as the gateway of Kailash Mansarovar.

The major difference between Garhwal and Kumaon regions are their hills. The hills of Kumaon are greener than the hills of Garhwal. The long Deodar, Pine and Oak trees make the climate cooler and the views more majestic. The Hills of Kumaon are more soothing and eye catching and give the best treat to the birdwatchers as these green hills are the paradise for birds. One can see the most amazing and different species of birds throughout the year in places like Pangoot, Mukteshwar, Lamgara, Munsyari, Shehearfatak etc. The hills of Garhwal are more barren than Kumaon thus attracts more landslides than Kumaon belt. Also, Gharwal has massive rivers (The Ganges, Yamuna, Alaknanda etc.) around which the roads have been constructed; these rivers cause more erosion than the ones in Kumaon. It is one of the most important factors that builders and investors are inching towards Kumaon region for better real estate and investment opportunities. This is why the prices of properties in the Kumaon belt have become very competitive and thus makes it a popular choice for the real estate investments. 
   
                       


In terms of #infrastructure, better roads, medical facilities, #industries etc. the Kumaon belt is well developed as compared to Garhwal belt. One of the main causes behind this is- as we know the hills of Garhwal are more barren with lesser vegetation and attracts more landslides, the construction in this region is really difficult to take place. There is always a high risk of natural calamity to take palce and that is why Builders, #developers, industrialists, investors have started keeping distance from the Garhwal belt. Another reason which we have also mentioned above that the massive rivers which flow from Garhwal to the plains cause more erosion than the ones in Kumaon and hence these rivers wash away all the required minerals and micro organisms which are essential for vegetation. This is why The Kumaon region is attracting more developers, investors and industrialists.


So, one can easily determine, analyse and finalize that in terms of infrastructure, real estate development opportunities, transportation, greenery etc. the Hills of Kumaon are better than the hills of Garhwal. Buying a property in the hills of Kumaon can fetch good returns in the future and is an ideal choice for the #investment or a #second/ vacation homes.