Benefits Of Buying A Property In Haridwar

by Adbot India Digital Marketing Company

Situated in the foothills of the Himalayas, Haridwar is the perfect destination to offer you with an oasis of serenity. Moreover, the place offers a plethora of second home properties, plots and apartments, across segments, with the prospect of earning respectable rental income. In this blog, we will delve deep into whether it makes sense for home buyers to invest in the city and the factors one should consider.

These days, more and more individuals are investing in vacation home destinations in hill stations or nearby where there is peace, less stress and pure environment.  Owing to these factors, a number of investors are investing in the development of the city which has boosted the concept of home stays and wellness in the region.

Whether you buy a property in Haridwar as a second home or a permanent residence, you’ll feel a continuous holiday vibe with peaceful surroundings and scenic views. However, buying a property in Haridwar needs an in-depth understanding of the market. Here are some advantages you get on buying a property in the holy city.

Steady appreciation in property rates

Many areas in Haridwar have seen a steady appreciation in property prices across categories. Plots in Haridwar near Sidcul are the best place to buy a property as the area is developed, established and well-connected with all the major amenities like Hospitals, schools, Airport, Railway station and even shopping centers. Another major fact is that the city is well connected with all the main cities like Delhi, Dehradun and more. Many residents have witnessed an appreciation of more than three times, over the past few years and according to the developers of the region the place has seen the biggest jump in process over these years, due to the rise in industries and basic amenities.

Multiple options for prospective home-buyers

Properties are available in this city across categories, from studio apartments to plots. While some of the prime locations across the city offer 2 bhk flats in affordable prices, plots are also available in an inexpensive range. The entire region has been developed and transformed into a residential cum vacation destination, with multiple options for all type of home-buyers. New age home seekers who can spend on a second home with their high incomes, are particularly interested in buying properties in Haridwar for pleasure.

State regulations favour buying

Haridwar is open to investments from people from all over the world, be it for the purpose of living or for investment purpose only. The government has clearly stated the buying restrictions, for people residing outside the city. There is no restriction on the size of the plot, if one is purchasing within the municipal limits of the cities. So if you are looking to buy a property in the city, you can easily do so without much paperwork and formalities.

Freehold properties in Haridwar

All the properties and plots developed across the city are sold as freehold properties, where transfer and mutation of the property is easy, with the required paperwork. This also makes fresh registration process of properties much easier for the new buyers.

Leasehold model becoming increasingly popular and widespread

With a number of hospitality chains entering into the market, room rents are gone up immensely. Hence, a lot of new buyers and investors now look at these properties and residential plots in Haridwar as a source of rental income. This concept has become increasingly popular and many more home seekers are showing interest in it.

To conclude, if you are planning to buy a plot in Haridwar, you should be aware of the fraud cases, where unsuspecting buyers have been duped of their money, on the false pretext of an upcoming project. Hence, buyers need to be very careful while purchasing a property like this. As a buyer, you need to consider a lot of factors and be sure of the developer you are dealing with. 

It is safer to invest in a well-completed project or ready to move in apartments then under-construction one. Also, invest only if you intend to visit the place often and if you have some business in the region. This would give you a chance to pay frequent visit to your plot and keep a check on it. Lastly, a property in Haridwar, with the potential for healthy rental income could a very good investment option for a prospective home-buyer, at the prevalent property rates which are affordable and within your means. 

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Created on Feb 20th 2018 05:12. Viewed 753 times.

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