Benefits Of Buying A Property In Haridwar
by Adbot India Digital Marketing CompanySituated 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 754 times.