Rudrapur on Its Way to Being a Property Paradise
Rudrapur on Its Way to Being a Property Paradise
Rudrapur in Uttarakhand, also known as Gateway to Kumaon Hills', is one of the rapidly developing cities in India. On its way to be the next urban paradise, the sylvan surroundings of Rudrapur are progressing toward becoming a real estate epicenter. After saturation of property in Delhi, developers have moved to the state of Uttarakhand (earlier Uttaranchal) to explore new avenues.
Real estate in Rudrapur is so fascinating in imagination-ultra modern houses with Kumaon Hills, glassy lakes and green parks making the background scenery-that reality would be no less than mesmerizing. Emerging as one of the fastest growing industrial centers and a premier business destination, Rudrapur is the upcoming realty hub. With both Indian and mu
onal majors as Dabur, Honda, Bajaj, Nestle, Tata, Britannia, Parle, Jindal, Mahindra & Mahindra and Voltas, it is bustling with commercial activity. As commercial property in Delhi is choked, industries are moving to nearby areas like Uttarakhand to set up their operations. This has given a boost not only to commercial but residential sector also in the picturesque city of Rudrapur.
According to the prevalent property trends across cities in India, the industrial hubs soon become realty destinations. The same seems to be true for the city of Rudrapur as realtors dig for cheaper options around the national capital, Delhi. Realizing the tremendous scope and potential of property market in Rudrapur, property developers are now building properties across residential and commercial segments. Also, the exorbitantly priced property in Delhi has made it difficult for developers to acquire land as they are now focusing on the concept of affordable housing'. Keeping this in mind, property builders have started developing integrated townships, industrial units and commercial complexes in Rudrapur.
Owing to such large scale developments in Rudrapur, the realty values have risen up though they do not compete with Delhi property prices yet. Property investors have started showing interest in Uttarakhand property as it nears the title of the upcoming residential destination. The economic capital of the state is attracting majority of the developers and investors from across the country. The push from Central and State governments in form of economic incentives i.e. the declaration of Rudrapur as a non-tariff area for central excise, custom and sales tax duties for a period of 10 years which may be extended later. This has hugely triggered the interest of numerous industry and corporate players to set up big plants and begin production and get these benefits. The incentives offered by governments have worked so well that it has prompted search for new land to accommodate new industries.
The demand for industrial land is behemoth not only with economic attractions but other favorable features too. Rudrapur has no shortage of infrastructure, water or electricity and even the rates are way lower as compared to other parts near the city. Moreover, the government is already planning ten projects to consolidate its position on power by investing Rs. 800 crores. In addition to this, it is well connected to the nearby areas and improving; literacy rate is very high and large number of NRIs reside there. The NRI community is taking interest in high end property projects in the region while shooting up their capital values.
Rudrapur is to soon usher into the up-market mall culture after the entry of luxury apartments and penthouses. The good thing is that property developers aim at elevating the overall quality of life by creating luxurious and trendy living at cost effective prices. This objective is all set to take Rudrapur property sector to heights unprecedented in its history. Year Round Christmas And A Prayerful Spirit! Getting Cost Effective And Secured Apartments In Paris Japanese Festivals Exploring Ski Destinations The Facts On Australias Live Sheep Export Industry A Guide To Beach Towels For Men Meet Other Singles Washington DC Travel Tricks About Money Saving A Timex Military Watch Is Great For Kayaking Trips Standards For Australias Live Export Industry Bahamas International Film Festival Christmas Card: Good Cheer And Best Wishes Making Tourism Sustainable In Vietnam With Asian Travel Vietnam