Bhopal Real Estate on the Path of Growth
Jun 28, 2016 Real Estate News
The capital city of Madhya Pradesh is not behind from the other cities on the path of development and growth in the Real Estate sectors. The city recently is experiencing a rapid of growth in real estate arena. Industrial and Residential construction is happening all over the city for the upliftment, not just that people which includes buyers and developers are gaining huge profit from this city. As per data and reports we all see that in other cities where there has been a growth of just 14 percent in the real estate market, the market in Bhopal is witnessing a growth of about 35 percent! The effect of this growth is visible in the nearby areas also which primarily include hosingabad road, kolar road, mandideep, Ayodhya by-pass and vidisha road.
The director of Ganesh Buildcon, Kamlesh Motwani says that, the builders and developers in Bhopal are witnessing a potential market for the low and middle income class group. It is therefore highly necessary for the developer to maintain an affordable budget which is only possible with low rate lands. He further adds that in order to create an affordable housing for the people living in Bhopal, the builder and developer are giving high importance to affordable schemes. He says that the price of the land for builders in real estate is the main point and builders are trying to reduce the gap between the development and expense to provide people with affordable housing.
Due to reasonable and affordable rate that exists in Bhopal, buyers are showing high interest in the property market. Due to the rise in demand of property, high rise projects are also being established in Bhopal. As per the director of Regal Housing, Kapil Sharma the developers are working hard on controlling the high rising prices by focusing on latest construction techniques and are paying attention on reducing every possible small expense.
The director of Ganesh Buildcon, Kamlesh Motwani says that, the builders and developers in Bhopal are witnessing a potential market for the low and middle income class group. It is therefore highly necessary for the developer to maintain an affordable budget which is only possible with low rate lands. He further adds that in order to create an affordable housing for the people living in Bhopal, the builder and developer are giving high importance to affordable schemes. He says that the price of the land for builders in real estate is the main point and builders are trying to reduce the gap between the development and expense to provide people with affordable housing.
Due to reasonable and affordable rate that exists in Bhopal, buyers are showing high interest in the property market. Due to the rise in demand of property, high rise projects are also being established in Bhopal. As per the director of Regal Housing, Kapil Sharma the developers are working hard on controlling the high rising prices by focusing on latest construction techniques and are paying attention on reducing every possible small expense.
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