The market for real estate in Dehradun is expanding by the day. People are flocking to Uttarakhand’s capital city because of its pleasant climate and increased opportunities. As a result, the value of land in Dehradun has increased. What was once thought of as a retirement destination is now consider
Investments in real estate in Dehradun have been witnessing a growing trend. Using the five distinctive features of Dehradun, we’ll break it down for you as to why you should invest in the real estate in the capital city of Uttarakhand.
1. Connectivity
Dehradun is well-connected to major cities in North India. It is easily accessible from Delhi and Chandigarh via the NH 7. The gateway to the famous tourist locations in Himachal Pradesh is from Dehradun. It has great connectivity within Uttarakhand as well, connecting Almora, Nainital, Rishikesh, Haridwar, Chakrata and Joshimath among some of the major towns in the State.
The Delhi-Dehradun Economic Corridor (from Eastern Peripheral Expressway Junction to Dehradun) is being constructed at a cost of approximately ₹ 8,300 crore. The Greenfield alignment project from the Delhi-Dehradun Economic Corridor linking Halgoa, Saharanpur to Bhadrabad, Haridwar will costing more than ₹ 2,000 crore to build is underway.
The construction of this corridor is expected to bring down the travel time from Delhi to Dehradun to 2.5 hours and boost the region’s overall economy. This project will improve connectivity while lowering logistics costs. It will improve connectivity between economically significant production and consumption centres and create numerous direct and indirect job opportunities. Consequently the value of real estate in Dehradun will rise.
2. Tourism
Tourism has been the focal point of Dehradun’s economy. It is the transit hub for tourism in the northern states. Most people come up north to experience the mountains and snow or go on treks – either normal or high altitude. Kedarkanta, Har ki Dun, Nag Tibba, Chopta Chandrashila, Roopkund are some of the treks that draw huge crowd from all over the country.
Skiing in Auli is another major tourist attractions alongside the religious places of Haridwar and Rishikesh. Rishikesh is particularly famous for the adventure activities such as river rafting and bungee jumping. All the tourism activities contribute heavily to the growth of the City. Tourism oriented jobs are amongst the highest employer in this region.
3. Education
A discussion on the education in India is incomplete without the mention of the some of the premiere institutes of Dehradun. For long, it was considered as the best schooling destinations in the nation. Over time, it has only grown in stature. Number of major institutes and universities have been established and seen massive influx of students from Uttarakhand and the adjoining states.
Youngsters from small towns in Uttarakhand migrate to Dehradun for education and settle here for jobs. This has been a growing trends over the years which has increased the value of real estate in Dehradun. The demand for rental homes also goes up with so many students coming to the city.
4. Lifestyle
One of the main reasons why many people have been moving to the mountains off late is the overpopulation and poor lifestyle in the cities. Increasing pollution has also been a major concern apart from having to live a fast paced life. But life in Dehradun is quite different as compared to that in the metros. The AQI in Dehradun is much better than those polluted cities. You are surrounded by the scenic mountain views and plenty of peaceful locations to spend your time enjoying the atmosphere in the city.
People these days prefer a better lifestyle, which is why they migrate to tier 2 cities. Courtesy of this migration, the demand for real estate in Dehradun is growing and is a popular destination amongst a wide audience.
5. Demand-Supply Scenario of Real Estate in Dehradun
Of all the features, the demand-supply scenario of Dehradun’s real estate in is what makes it a sought-after city. When you look at the real estate market in metro cities, the amount of projects are few and far between as compared to the population. Since, the demand is high, prices are off the charts. It becomes nearly impossible for a middle class family to afford a house in such cities.
However, Dehradun is a saving grace for us all. The number of real estate projects in the city are substantial and enough to cater to the needs of the growing population. The prices here are low as well. The price of land is only 20% when compared to that of Delhi. Apartment prices are 70% lesser and builder floors are only 18% of the price in Delhi.
All these parameters make Dehradun a favorable real estate investment destination. The investments in the City have been growing over the years and are only bound to grow further.