Bhopal development authority has created a cue of sorts during Diwali 2017 when it sold more than 100 crore worth of residential units. During the period of recession when the real estate prices are dropping all over the country, the sales come as a fresh whiff of air for the builders in Bhopal. The rising demand indicates that more and more people from the middle income category are buying new homes to escape from the sky high rentals prevalent in the city.
Plots and apartments:
Numerous plots are being booked by the residents in the Saket Nagar area which is located in close vicinity to the All India medical science institute constructed in the city. In addition, registration of the 136 properties is conducted during the festive atmosphere. It has proved to be a shot in the arm for the beleaguered Bhopal Real estateindustry. With increased bookings, people might get lots of employment in the construction sector. Private builders will definitely benefit from such sales as the demand of housing is surging with a renewed vigor.
Response to Bhopal development authority project:
BDA has launched numerous schemes in the city that has become popular among the customers due to the cost of the housing unit and the affordability. Phase 2 of the project in the Misrod area of the town has garnered tremendous response as people are indulged in mass booking. Private builders in Bhopal were grappling with an unsold inventory of 12,000 under construction units apart from 3500 readymade houses.
Luxury and comfort:
One of the most important aspects of the project is that it is a symbol of luxury and comfort. The residential unit is spacious and comfortable for the customers. With plenty of space in the sitting room and kitchen, people can relax and enjoy the lifestyle away from the pollution free environment. In addition, the announcement of the construction of smart city in Bhopal, the real estate prices are going to rise further in the future.
Numerous apartments with panoramic view of the city are being constructed with state of art technology. What more, they also offer range of amenities to the users. Round the clock water supply and power back up are some of the major features that have gone on a long way to deliver sterling results to the users.
Bhopal, development authority has focused on providing high quality flats to the customers but they do not have to break the bank in order to get the possession. Even if you are looking to buy retail space in the city, it can be a profitable investment for the future. Development of infrastructure and massive construction has propelled the prices of the Property in Bhopal. When you are buying the apartment from the BDA, make sure that it is located close to the hospital and schools.
Families buying residential units in the project do not have to commute long distances to work study or get medical access. Presence of AIIMS, has helped people to obtain affordable medical help, therefore they are flocking to numerous areas such as Hoshangabad to settle down and enjoy the life of peace and tranquility.
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.
source - https://uberant.com/article/211305-diwali-bolsters-the-value-of-property-in-bhopal/
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