If you are planning to buy a second property, then Dehradun might just be the perfect destination to fulfil your desires. From being a favoured tourist hot spot to a pilgrimage. Due to its existing institutional, education and industrial hubs, the infrastructure in the region is ever-expanding; and now with the realty giants stepping up, a big makeover is in progress that will further enhance the attraction quotient of the city.Even the NRIs have been showing a keen interest in the region, says Avneesh Sood, Director of Eros Group as he adds, “Since the fall of Rupee against the dollar, last couple of years have witnessed a surge in foreign investments in Dehradun and it ranks quite well against other major cities in the country and we expect this investment plan to increase by another 20-25 percent in the next couple of years.” According to a report by Assocham in 2013, Dehradun ranked fifth amongst the top favoured destinations in India by NRIs where Bangalore claimed the first spot.Realty Map of Dehradun
The city being the capital of Uttrakhand is spread across an area of 3,088 sq. kms. with a population of almost 1.7 million. Apart from this population, there is a strong domestic and international footfall that takes place across Uttrakhand where Dehradun picks up the limelight. According to a data from Ministry of Tourism, total of approx. 2.5 crore Indian tourists visited Uttrakhand in 2015 coupled with over 1 lakh foreign travellers. This footfall has been increasing on an annual basis, highlighting the development of the state and its major cities, where Dehradun is most prominent. “Hospitality, retail and realty sector and industries gain the most when a region offers a wide variety of options for a tourist. Developed retail and hospitality sites in such regions allows greater footfall that can also enhance the demand for real estate in the long run. Tourism in India has been a strong converter for the realty sector as well where Tier 2 regions gain the most”, avers Prithvi Raj Kasana, MD, Morpheus Group.“Real estate map of Dehradun offers a wide range of unit sizes available at highly affordable prices which makes it an even better deal for people opting for second property options. Even the property prices observe good appreciation on an annual basis with infrastructure witnessing a major revamp. Due to the residential sales rising in the regions, demand for commercial setups has lead to the supply of retail and office spaces”, says Abhishek Bansal, Executive Director, Pacific Group.Highlighting the same, Kushagr Ansal, Director of Ansal Housing explains, “The criteria for development on hilltops is way different from the plains due to the different building by-laws present in those regions and thus, the concept and demand is also different. Duplex and Villa living is more common than apartment style living and thus, projects offered according to the former concept is more prominent in such regions than the latter.”“Long run acceptance and performance of any region is directly dependent on its infrastructure. Tier 2 cities have been well planned and connected with Tier 1 cities, where Uttrakhand and UP presents a classic case of infrastructure driven realty. With so many infra projects in pipeline, National and State Highways offering superior road network, the region’s realty sector will shape up even better few years down the line”, concludes Rakesh Yadav, Chairman, Antriksh India Group