Uttarakhand is a beautiful state famous for its holiday destinations and natural significance, and because of this many investors started investing in Uttarakhand. There are a lot of good places to buy a plot in Uttarakhand and build your dream home. In fact, many investors are looking to purchase residential properties for business purposes.
Also, often referred to as the “Land of the Gods, Uttarakhand opens doors for new real estate concepts like second homes and holiday homes. These concepts are gaining popularity in some of the most famous holiday destinations in Uttarakhand.
Here are the top six places to Buy a Plot in Uttarakhand:
Haridwar
Haridwar is a well-known pilgrimage destination, known for its religious significance. It is also developing rapidly, offering good investment opportunities. Moreover, the average property appreciation rate in Haridwar is about 4% to 6%. Further, the property rates in Haridwar are comparatively affordable as compared to other tourist destinations.
Note: The circle rate of Har Ki Pauri is 1.70 lakh per square meter
Key Areas in Haridwar:-
Har Ki Pauri: If any person or homeowner wants to buy a property in Haridwar for its spiritual importance then Har Ki Pauri is the best option for you. Also, projects like Haridwar One by ETH Infra are an ideal society to buy a holiday home.
Shivalik Nagar: It is known for its residential plots with modern amenities.
BHEL Township: It has well-planned plots in a secure environment. It also has a PCRI (Pollution Control Research Institute). This is one of the major manufacturing units of BHEL.
Ranipur: This place offers Affordable plots with good connectivity to the main city.
Dehradun
Dehradun, the capital city of Uttarakhand, is one of the most popular choices to buy plot in Uttarakhand. It offers various projects with modern amenities and natural beauty. The city is well-connected by road, rail, and air, making it accessible from major cities like Delhi.
Key Areas in Dehradun:-
Rajpur Road: This area comes under some of the most posh localities and premium plots. If you are thinking of investing in Dehradun, Rajpur Road benefits your investment with good returns.
Sahastradhara Road: From here you can enjoy beautiful views and this location is ideal for residential properties.
Prem Nagar: Here you get affordable plots with good connectivity to the city center.
Nainital
Nainital is famous for its lakes and natural beauty, because of which around 10 lakh visitors visit Haridwar every year. The town is situated around Naini Lake and is surrounded by mountains, providing breathtaking views and a peaceful environment.
Key Areas in Nainital:
Bhimtal: You can get larger plots with lake views, perfect for building vacation homes.
Mukteshwar: If you buy land in Mukteshwar, Nainital, you can enjoy the beautiful mountains as well as good returns on your returns.
Mallital and Tallital: Any person looking for a plot in Uttarakhand for investment purposes. Then, Nainital’s Mallital and Tallital are central areas with good opportunities for commercial plots.
Rishikesh
Rishikesh is known as the Yoga Capital of the World, moreover, its adventure activities attract millions of travelers from across the world. Also, because of its spiritual significance the demand for property in Rishikesh has grown rapidly. Simultaneously, the growing tourism industry and favorable state policies enhance the potential for rental income and property value appreciation.
Key Areas in Rishikesh
Tapovan: Popular for its ashrams and yoga centers, there are various plots available in different sizes for both residential and commercial use.
Neelkanth Road: This road is very popular and ideal for building resorts or retreat centers. So, in case you are wondering to start your hospitality business, buying land in Rishikesh can be a good choice.
Laxman Jhula: This is one of the most visited and renowned places in Rishikesh. Its central location has good potential for commercial investments. Good for those who’re looking to buy a land in Uttarakhand for investment purposes.
Mussoorie
Mussoorie is also known as the Queen of the Hills and is a popular hill station with a cool climate and beautiful views of mountains. It’s a perfect location for those looking to build holiday homes or resorts.
Key Areas in Mussoorie
Landour: In Landour you can experience old cultures and heritage. Living here can surely benefit you as a resident and also provide you with a quality lifestyle. Here you can purchase premium plots and luxury homes.
Camel’s Back Road: Offers plots with easy access to the town center.
Library Bazaar: Central area with good potential for commercial investments.
Almora
Almora is an attractive hill town famous for Himalayan views, where you can enjoy a lifestyle towards nature. Also, this place is less populated which makes it a good option if you are thinking of buying a plot in Uttarakhand.
The region has excellent connectivity and is accessible to all the major places. Moreover, due to growing interest in tourism and a steady rise in real estate value, Almora becomes a perfect opportunity for investors.
Key Areas in Almora
Binsar: Famous for its wildlife sanctuary and scenic beauty, if you are looking for a home somewhere quiet, then Binsar can be your preferred destination to invest in land or plots.
Kasar Devi: Just like Mansa Devi Temple in Haridwar, Kasar Devi is also popular for its spiritual significance and stunning views. Having a plot in this region can fulfill your dream of having a home in a spiritual place.
Ranikhet: Ranikhet is amongst the most popular choice of investors to buy a plot in Uttarakhand.
Conclusion
If you want to buy a plot in Uttarakhand there are a variety of options available, each with its benefits and specialities. Investing in Haridwar (Uttarakhand) can be very profitable for you as a buyer as it offers a high property appreciation rate and business opportunities.
Also if we consider factors such as accessibility, infrastructure, and personal preferences when choosing a plot, then Uttarakhand is a perfect place that comes with good connectivity. Moreover, with the state’s rapid development and growing popularity, buying a plot in Uttarakhand is a decision you won’t regret.
Frequently Asked Questions
1. Is it safe to invest in plot in Uttarakhand considering natural calamities like earthquakes?
Uttarakhand is prone to natural calamities such as earthquakes and landslides in certain regions. It’s advisable to research the geological stability of the area before making a purchase. Additionally, insurance options can mitigate risks associated with natural disasters.
2. What are the popular areas for buying plots in Uttarakhand as investment properties?
Popular areas for buying plots in Uttarakhand include Haridwar, Dehradun, Nainital, Rishikesh, Mussoorie, and Almora. Each of these places offers unique advantages such as scenic beauty, cultural significance, and potential for rental income or resale value appreciation.
3. Can I get a home loan for buying a plot in Uttarakhand as a non-resident Indian?
Yes, NRIs can avail home loans in India for buying property in Uttarakhand. Banks and financial institutions offer specific schemes for NRIs, subject to certain conditions and documentation requirements
4. How can I verify the legal status of the property before buying in Uttarakhand?
It’s crucial to conduct a thorough due diligence process before buying property in Uttarakhand. This includes verifying land records, title deeds, approvals from local authorities, and ensuring compliance with all legal requirements.
5. What are the types of properties available for purchase in Uttarakhand?
Properties available for purchase in Uttarakhand include residential plots, commercial plots, apartments, and villas. Investors can choose according to their preferences, budget, and investment goals.
6. Are there any restrictions on the size of land or plot that can be purchased in Uttarakhand?
There are generally no restrictions on the size of land or plot that can be purchased by individuals in Uttarakhand, subject to local regulations and land use laws.
7. How can I ensure the security of my investment in property in Uttarakhand?
To ensure the security of your investment in Uttarakhand, it’s essential to invest in reputable projects and conduct thorough research.
