Vrindavan Real Estate Boom

Posted by Narendra K.
1
Jul 20, 2015
266 Views
Image When indian real estate sector is still moving in a downward direction for quite some time now. However, Vrindavan is experiencing a big boom. It's not just the natives, even tourists visiting the Vrindavan are looking at this cities from the view of investing in real estate here.
In the last few months, real estate has seen a big boom in the City Vrindavan.
This trend can be attributed to several factors. Being major tourist destinations in Uttar Pradesh and also being near to National Capital Region ( NCR), the assurance of no loss of investment is driving people to buy property here. The charm of living in a world renowned city where shopping malls, residential townships, commercial centers, farm houses and resorts are sprawling is a dream for many and many are making it true.
Agra traffic has increased many folds and many real estate investors are eyeing its peripheral areas to built townships, especially beside the National Highway that will provide greenery and space to their consumers.
There will be more New Projects in Vrindavan and also there will be an increase in resale properties in vrindavan. Governmental real estate projects have also started in these tourist towns adjacent to private townships. Property experts say tourists who come here want to stay here for life.
Especially international tourists want to live in the holy cities of Mathura and Vrinadavan and many have started buying farm houses and houses also. the region's development plans now have turned focus to the potentially upcoming physical infrastructure development. The Yamuna Expressway also made the real estate fortunes in cities like Vrindavan and Mathura take off to touch new heights. With the Expressway cutting down commuting time between these cities and Delhi considerably, a large number of buyers are now considering these temple towns as options for second homes. All this is evident from the heightened real estate activity and launch of new projects in these cities over the past couple of years after the Expressway became operational.

Some Best Project are : Shri Krishna Heights

Vrindavan, which is at a distance of about 164 km from Delhi and 10 km from Mathura, has taken a lead in this regard with over a dozen residential projects under construction at the moment which include a couple of integrated townships also. The city suffused with the imprint of Lord Krishna and his consort Radha, holds a special place in the hearts of Krishna worshippers from all over the world.
According to real estate experts industry in this belt is likey to grow at a rate of over 40 per cent over the next four to five years and this will not onl6y mean more jobs and influx of workforce but also a demand for housing options. “The infrastructure proposals connecting the three cities – Delhi, NCR and other parts of Uttar Pradesh - have aided this demand. This includes the operational Yamuna Expressway and the widening of NH-2.
With local as well as national level players launching their projects the buyers have a lot to choose from in terms of residential units as well as the  price range. “There is something to fit every pocket here right from Rs 1800 per sq ft to Rs 3100 per sq ft.
Several government developmental projects in the area are also eyeing tourist investment in real estate sector, which hasincreased the investment potential of the holy city of Vrindavan.
The city has emerged as a second-home destination for buyers from Delhi-NCR
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