Uttarakhand is known for its beautiful and magnificent views. The state has a kind of charm that attracts everyone. It is listed as one of the best places that is rich with spiritual sites and pilgrimages.
To make sure that every visitor should have a comfortable journey, Uttarakhand is developed with all the necessary facilities ranging from transportation to accommodation with modern facilities.
In the era of technological changes, every sector is growing and contributes to the nation’s high revenue. One of the major sectors is real estate that promises high revenue along with fulfilling the needs of homebuyers and investors.
Why should you buy plots in Uttarakhand instead of ready-made property?
Buying a plot over ready-made property allows you to design and build as per your choice. By choosing plots over ready made property, you can save your resources such as construction costs and timelines that will be further utilized for other development costs. Now, let us understand different types of plots:
Residential plots:
These plots are suitable for building the residents and homes in Uttarakhand. One can have a lot of plot options in residential areas in Dehradun, Haridwar, Rishikesh, Nainital and Mussoorie. The approximate price for residential plots is Rs. 32-64 L (900 sq. yd). This price can vary with the change in plot area.
Commercial plots:
These plots are suitable for people who are into business. They can construct their offices, shops, hotels in commercial areas available in Uttrakhand. The popular commercial hubs are Dehradun, Haridwar and Haldwani. The average price for commercial lands in Uttarakhand is Rs. 78 L (840 sq. yd.). This price can vary with the change in plot area.
Industrial plots:
These plots are meant for industrial investments that include automotive, food processing and power generation. Being popular as Sidcul industrial areas – Haridwar, Pantnagar and Rudrapur – has been driving the industrial real estate demand. The plot price in Uttrakhand ranges to Rs 45 L (222 sq.yd.), it can vary with the change in plot area.
Uttrakhand: A best place to buy a plot
Uttarakhand has huge plot areas that come under the regions – Dehradun, Mussoorie, Nainital, Haridwar, Rishikesh and Ranikhet, but here we’re discussing only two of the most popular locations for purchasing plots in Uttarakhand.
Haridwar
Haridwar is a renowned spiritual city in Uttarakhand, that attracts pilgrims and tourists throughout the year due to its proximity to the sacred Ganges river and landmarks like Har ki Pauri, NH-38, Patanjali Yogpeeth, etc. The city’s expanding infrastructure and growing residential demand makes it an attractive spot for a real estate investment.
Owning a plot in Haridwar is surely a long term investment as its value goes up over time, making it a great gift wrapped with nature’s beauty for future generations. Several factors such as size, area, location, amenities, play a significant role in overall pricing of the plots. The approximate price ranges from ₹10,000- ₹25,000 per square yard, however, it varies depending on area and location.
Ranikhet
Ranikhet is known for its beauty and attracts nature lovers from all over the country. It is famous for featuring the renowned Jhula Devi temple, Chaubatia orchards and Bhalu Dam (man-made lake). Such unmatched places in Kumaon region and its infrastructure developments continue to attract the investors also.
Investing in plots in Ranikhet is more than just an investment, it’s a step towards a legacy. Being more attractive with its cultural sentiments, Ranikhet offers advantages like affordable prices compared to other hill stations and offers promising returns to investors due to its high property value. The plot areas available in Ranikhet are 180 Sq. Yards (1620 sq ft), 240 Sq. Yards (2160 sq ft), to 300 Sq. Yards (2700 sq ft).
Note: The plot prices depend on their size and area and differ accordingly.
Benefits of Purchasing Plots in Uttarakhand
Let us move ahead to explore the benefits, process, and key considerations for investing in plots in Uttrakhand. Here are a few reasons why buying plots in Uttarakhand could be an advantageous investment:
1. High Demand in Real Estate:
As we all know, Uttrakhand is the most loved place that is worth experiencing the beauty of nature. Increase in tourists’ interest has resulted in the high demand in the real estate market especially in Uttrakhand. So, now it is not only the tourist attractor but also draws the attention of the investors in the real estate sector.
2. Affordable pricing compared to urban cities:
Investing on plots in Uttarakhand is a viable option for long term investment as they are relatively affordable as compared to the property prices of urban cities.
3. Vacation spot:
Uttarakhand is a best location for vacations as it features breathtaking scenic views that makes it an attractive option. Additionally, it is a great opportunity for the investors who desire to tap into the tourism sector.
4. Spiritual and nature touch:
People love to be surrounded around natural elements and spiritual places as it provides a relaxing feeling. Due to its attractive nature, the footfall is very high. This is the reason why most of the investors should choose this most visited state.
5. Pollution free environment:
The natural beauty blended with pollution free atmosphere in Uttarakhand offers an ideal space as compared to urban life. It is a perfect place for retirees and remote workers.
Steps to be considered while buying plots in Uttarakhand
1. Research the location
Understanding the area is crucial before you make any real estate investment. Spend time visiting different regions and enquire about plots in Uttarakhand. Some of the factors such as transportation, power supply, water supply, amenities, etc should be given attention.
2. Check for plot titles and ownership
Property laws and titles vary from region to region even in the same state, and it is important to ensure the plot titles. Check for the ownership details and ensure there are no legal disputes or restrictions on the plot.
3. Understand zoning regulations
There are some regulations related to land usage and some eco-sensitive zones in Uttrakhand. In order to avoid future complications, it needs to confirm that your intended use of the plot aligns with the specific zoning laws.
4. Consult a trusted real estate agent
Local real estate agents in Haridwar have 360 degree knowledge of property trends and legal laws that need to be followed while buying a plot. They can guide you through the process, assist in negotiations, and help identify properties that fit your criteria.
5. Consider the development costs
In some remote areas, you may need to improvise some facilities like electricity, water supply, landscaping, etc. Be mindful to include these costs into your budget during your journey to buy plots in Uttarakhand.
Conclusion
Investing on plots in Uttarakhand offers an opportunity to bring a valuable asset that will be beneficial for lifetime. By researching the location thoroughly, understanding local regulations, and considering the development costs, you can make a smart investment by making a rewarding decision to buy plots in Uttarakhand.
Whether you’re looking for a long term investment or a vacation home, ETH infra’s real estate investment expertise will help you make a great investment in plots in Uttarakhand at a decent rate of returns. If you want to buy a plot in Uttarakhand then this is the right time to take a step forward towards your life changing investment.
For any queries related to availability of flats or plots in Uttarakhand, Har Ki Pauri, Haridwar, Ranikhet, then we recommend you to check ETHInfra.com for more details.
FAQs
Why is Uttarakhand a popular location for buying plots?
Uttarakhand is known for its scenic beauty, pollution-free environment, and spiritual significance, making it a popular destination for both residential and commercial investments. The region also offers affordable plot prices compared to urban cities, making it attractive for investors.
What types of plots are available in Uttarakhand?
The main types of plots available are residential plots for homes, commercial plots for businesses like offices and hotels, and industrial plots used for activities such as manufacturing and food processing.
Can outsiders purchase agricultural land in Uttarakhand?
No, outsiders, including NRIs, are generally not allowed to purchase agricultural land in Uttarakhand due to government restrictions aimed at preserving local interests. They can, however, buy residential and commercial land.
Are there any specific regulations for buying plots in Uttarakhand?
Yes, buyers must adhere to zoning regulations, ensure clear title deeds, and respect local land-use laws. Certain areas also have eco-sensitive zone restrictions.
What factors should I consider when buying a plot in Uttarakhand?
Buyers should consider the plot’s location, accessibility, legal status of ownership, zoning regulations, availability of amenities, and potential development costs before purchasing.
Is buying a plot in Uttarakhand a good investment?
Yes, it can be a strong investment due to high real estate demand, increasing property values, and the state’s popularity as a tourist and spiritual destination. Long-term returns and appreciation potential are noteworthy factors.
What are the typical costs of residential and commercial plots in Uttarakhand?
Prices vary based on location and plot size. Residential plots can range from Rs. 32-64 L for 900 sq. yd., while commercial plots might average around Rs. 78 L for 840 sq. yd. Prices may change depending on market conditions.
What are some popular locations for buying plots in Uttarakhand?
Dehradun, Haridwar, Rishikesh, Nainital, Mussoorie, and Ranikhet are popular locations, each offering unique advantages for residential, commercial, or industrial investments.
Do I need approval to build on my plot in Uttarakhand?
Yes, depending on the plot’s location and its intended use, specific permissions may be needed. For example, constructions in eco-sensitive zones may require special approval from the concerned authorities.
What documents are required for purchasing a plot in Uttarakhand?
Essential documents include a clear title deed, land-use certificate, property tax receipts, and proof of ownership. Non-residents may also need additional documents, such as NRI/OCI cards for verification.
