Right Time to Own a property in Raipur is Now!

Raipur is the capital and the most populous city of Chhattisgarh, with a population of 4.1 million (census 2011). The city has steel, coal, power, aluminium, and cement industries, and rice milling plants. Raipur is mainly an industrial city (it is the largest steel market of India), and is well connected with almost all major cities in India by rail, road, and air network. The real estate apartments in raipur are influenced by the performance of the industries in the region and are catered to by a number of real estate.

The Raipur real estate is developing rapidly and one can find many modern infrastructures, commercial, residential and industrial progress. There are lots of large department stores and shopping centres and entertainment zones that are beautifying Raipur lately. The commercial property in Raipur is in demand, especially for the IT and ITES industries. With so many companies and industries coming into Raipur, it is very much clear that it leads to employment creation as well as to migrants from other places. All these expansion ends up in requirement for residential Raipur real estate in Raipur. in the midst of increasingly infrastructure being developed, the regions are witnessing property price raise and this is seeing a steady growth.

The real estate apartments in raipur has an advantage of having abundant vacant land bank with good connectivity, and this has encouraged many housing developers and builders in Raipur to jump into the residential real estate sector with their new launched housing projects offering duplexes, plots, apartments and flats in Raipur. Especially, Parthivi Group has recently launched their very ambitious and city's most luxurious project named 'The White Symphony', which is going to be the tallest building in Raipur. With that, one can also witness housing development happening towards the outer reaches of the city.

Current Raipur real estate situation

Currently Real estate property in Raipur is observing a different tide whereas best locations in Raipur are observing a price hike whereas some saw gradual fall in prices. Area like, Central Raipur has witnessed a drop in price in the last two years. On top of it, the large inventories which have gone unsold are also adding to the woes. All the upcoming housing projects in Raipur are at different stage of construction to end and customers are choosing those which are completed or at the brink of completion and choosing the builders in Raipur with a good track record.

Based on the data, either the prices have seen marginal increment or have actually being steady and at the same level in the last two years. There have been some price corrections; still the prices have not hiked much. The result is that the capital value of properties has been stagnated in Raipur real estate.

People who want to buy apartments in Raipur, then this is the right time to invest, as the prices are stable. In the coming years, the prices may soar. So one must take the decision wisely and understand what is the right way to invest in property in Raipur.

Parthivi Group is among the top builders in Raipur and has introduced a number of commercial and residential projects at prime locations in Raipur at incredibly affordable prices.