Property in Bhopal: Time to invest wisely
Posted: Aug 16, 2016
For those seeking for investment opportunity in the land would find a property in Bhopal a good opportunity. The Bhopal real estate sector is growing fast and it is the right time to invest in some promising property for higher return.
Bhopal is the city that lies in the heart of India that is Madhya Pradesh. It is one of the famous cities of India known for its culture and lifestyle. The city was built by the King Bhoja from which the name Bhopal comes. The city was included in the Indian union and was made capital of Madhya Pradesh and since then the population of Bhopal has seen a meteoritic rise. The city has gone through some tough times; the most notable among them was the infamous gas tragedy for which the city owns its recognition all over the world.
The city has risen through all those events to become a perfect example of the modern city. The city has some sound presence like it is a railway hub and has ISRO facility too. These all things with the stalwart development have led to an increment of the city on national stature along with a massive increment in the population too.
This massive increment in population generated a huge amount of demand for property in Bhopal which caught the Estate builder’s eye as they focussed their attention towards dealing with the problem of Real Estate and living areas which led to a manifold increase in the industry of the Bhopal real estate.
The real estate market is developing in the city day by day and according to some major giants that are active participants in the Bhopal real estate industry, it will continue to rise for the next 5 years. There is a huge demand for Duplex in Bhopal and the situation has become so scarce that the builders don’t even need brokers so as to increase their business as the client’s dire3ctly approach them. This has been the reason that some major giants in the Real Estate worldwide have shown interest and have also invested in the Bhopal Real Estate Market.
The sole reason which can be accredited for the incredible growth is the Parallel growth of the industry. Bhopal is home to BHEL, which covers a major land area of Bhopal and some relatively new and emerging industries have also steeped up in Bhopal due to declaration of SEZs. This has led to a huge number immigrants coming to this city which has also generated the demand of Flats in Bhopal. The Geographical Location along with the infrastructure and Political scenario has also acted as the catalyst for this great growth.
MP Nagar has become a major attraction for all those interested in setting up commercial operations while in living space areas like Bawadia Kalan, Saliya, Kolar Road, Hoshangabad Road, Jatkhedi and Bypass Road. Many IT industries are planning to set-up their bases in Bhopal which can even lead to significant increment.
Katara hills, Bhauri, Bhojpur road, Gehu Kheda were the areas once labeled too far from the main city have also caught the eye of customers who are seeking for plots in Bhopal. The trends state with this increment price will rise with an increase of 15%-20% every year, but this will not decrease the demand in the Real Estate Industry in Bhopal.
The real estate sector of Bhopal is promising, and it is the right time to buy or sell property in the city. Whether you are interested in residential property, commercial property or interested in lease property, explore the available opportunities through the right network and safeguard your financial interest. The real estate sector has emerged as one of the most stable, and promising sector. Unlike other investment avenues, here you can expect to get a good return. Learn what could prove beneficial for your finance in long run and secure your future.
About The Author:
CREDAI Bhopal is an association of all the leading developers and builders of Bhopal region who have joined together to the make bring world-class infrastructure development in Bhopal and to create a reliable platform for the sale and purchase of real estate property in Bhopal region in the years to come.
Credai Bhopal is the unit for Bhopal Real Estate of the Credai and has started working wonderfully for the promotion of real estate development in the city.