Hill Stations Favourite Investment Option in the Indian Real Estate Sector

The Indian real estate sector has seen a sea change in the past few years and has been a key contributor to the economic growth of the country. Going by the reports, the sector alone contributes more than 8% to the total GDP. Although, the Indian real estate sector is experiencing a stagnant rise at the moment, yet industry experts believe that the realty sector will soon regain its stature. It has been evident that with the development of the sector, a number of real estate companies in India have emerged with time, banking on the opportunity.

In the recent past, India has also witnessed rapid urbanisation and that is a reason why, demand for houses in cities has increased, making the real estate sector an excellent option for investment. This has attracted lot investors to the sector, in order to earn huge profit from the market. Even foreign investors are showing interest in investing in the Indian real estate sector. This has proved to be beneficial for the sector and thus, several real estate companies are coming up with various housing projects across the country.

As mentioned, Indian cities are in high demand for both home seekers and investors alike. Some real estate companies are even building housing projects in smaller cities and towns, to facilitate home seekers and also creating opportunities of getting more investors. A recent study reveals that homes in hill stations are getting quite popular, as many city residents want to retire in a serene environment amidst the hills. Apart from that, many city dwellers want to possess a house in the hills as a vacation home. Even Non Resident Indians (NRIs) are showing interest in purchasing hill homes in India, due to an emotional attachment to the country they belong. The reason behind the preference for hill homes is not only the pristine surrounding, but also high returns on investment. This is the reason why, hill stations are becoming a favourite hot spot for owning houses for Indians living in the country and abroad.

Owing to the growing demand of hill homes, the state of Uttarakhand and Himachal Pradesh are the two prime states of the country, which have seen real estate development in the recent past. Places like Manali, Nainital, Dehradun, Simla, Dharamsala, among others are witnessing a rapid development. Moreover, there are several real estate companies that are building hill homes at lesser known places across the states. These companies are not only constructing houses, rather they are developing the hill stations entirely. Several new hill stations are even coming up on the behest of these companies, in order to accommodate the rising number of home seekers. The real estate companies that are developing these hill stations, along with constructing homes, are also building schools, hospitals, shopping arcades, parks etc. within the vicinity, in order to facilitate the home owners.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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