Your Guide for Property Buying in Bhopal
May 06, 2016 Real Estate News
The entire real estate sector in the country has been growing through a rough stage but Tier II cities are in a better position as compared to the metros. And Bhopal is among those Tier II city which has experienced a good housing demand, thanks to the industrial developments in the city. And investors are also eyeing on the city for investment purpose. Infact, Bhopal has been included in the list of 100 cities, which are selected to be developed as a smart city. It is known for its natural beauty and is referred as the City of Lakes.
So looking at all these, are you eager to invest or buy property in Bhopal? Here is all you need to know about the city especially in terms of buying a property.
Bhopal is the capital city of Madhya Pradesh and is majorly known as because of the (not to be forgotten) industrial disaster ‘Bhopal Gas Tragedy’. But the perception changed through Destination Madhya Pradesh campaign by the government. The campaign lead to Rs 1,80,000 crore investment from various corporate and NRIs. Bhopal is centrally situated and is well connected via railway, road and by air with the other parts of the country. There are daily flights to Bhopal from Delhi and Mumbai.
As stated above, the growth and increased demand in the property market in Bhopal is majorly due to the influx of a large number of industries, being established in the city. Various industries starting from small to mid-sized industries which include factories related to electrical good, textile, chemicals, handicrafts, jewellery and much more. Several well-known brands such as Vardhaman Group , Procter & Gamble, Crompton Greaves among others are located in the city. Therefore, the employees of all these industries have shifted their base to Bhopal which has resulted in the increase in the housing demand.
Apart from the various industries, IT/ITeS sector has also contributed towards boosting the real estate sector in the current period of time. Companies like Wipro, Tata Consultancy Services, Infosys have set up their offices in the city. Hence both rental and sale of property has experienced tremendous growth.
In order to cater the growing housing demand, the housing trend has also changes. Earlier the house were mainly bungalows and villas but now there is a rise in apartments. This housing demand has led well-known developers like Ansal and DLF to foray in the city.
Hence with the rapid growth of industry, infrastructure, Bhopal property market has definately a very bright future ahead. And investors should take note of this growth and bright future and plan to invest in the city to earn better appreciation.
So looking at all these, are you eager to invest or buy property in Bhopal? Here is all you need to know about the city especially in terms of buying a property.
Bhopal is the capital city of Madhya Pradesh and is majorly known as because of the (not to be forgotten) industrial disaster ‘Bhopal Gas Tragedy’. But the perception changed through Destination Madhya Pradesh campaign by the government. The campaign lead to Rs 1,80,000 crore investment from various corporate and NRIs. Bhopal is centrally situated and is well connected via railway, road and by air with the other parts of the country. There are daily flights to Bhopal from Delhi and Mumbai.
As stated above, the growth and increased demand in the property market in Bhopal is majorly due to the influx of a large number of industries, being established in the city. Various industries starting from small to mid-sized industries which include factories related to electrical good, textile, chemicals, handicrafts, jewellery and much more. Several well-known brands such as Vardhaman Group , Procter & Gamble, Crompton Greaves among others are located in the city. Therefore, the employees of all these industries have shifted their base to Bhopal which has resulted in the increase in the housing demand.
Apart from the various industries, IT/ITeS sector has also contributed towards boosting the real estate sector in the current period of time. Companies like Wipro, Tata Consultancy Services, Infosys have set up their offices in the city. Hence both rental and sale of property has experienced tremendous growth.
In order to cater the growing housing demand, the housing trend has also changes. Earlier the house were mainly bungalows and villas but now there is a rise in apartments. This housing demand has led well-known developers like Ansal and DLF to foray in the city.
Hence with the rapid growth of industry, infrastructure, Bhopal property market has definately a very bright future ahead. And investors should take note of this growth and bright future and plan to invest in the city to earn better appreciation.
