Real Estate News

Dehradun: Real Estate Rising Slow And Steady

After Uttaranchal became a state in 2000, areas in and around the capital Dehradun have witnessed steady demand. A Supreme Court order banning new construction in Missourian, 32 km uphill, has also added to the real estate demand here. Some upcoming projects that could influence real estate prices in future. Two IT Parks being set up on Sahastradhara Road and a Pharma City at Silique Industrial Area will increase employment opportunities and demand for residential projects. A Rs 2,200-crore ADB funded project is under way to overhaul and build roads in addition to JNNURM projects. The national highway stretch between Dehradun and Delhi is also being upgraded. Jolly Grant airport is being upgraded to accommodate bigger aircraft. This will improve accessibility not only of Dehradun but also of upcoming industrial locations in the state. Major residential projects are coming up towards the south-east and south-west of the city. The latest revision in the circle rates for evaluation of stamp duty has pushed up land prices. Dehradun is also a regional commercial hub. Retailers from across the country are in the process of launching projects. Shortage of occupiable residential options has resulted in appreciation of rental values, bringing in more investments in the sector. More than half of the total identified investment over the next 5 years is proposed in the roads, traffic and transport sector, which is likely to give a big boost to real estate.

Dehradun: Real Estate Rising Slow And Steady

After Uttaranchal became a state in 2000, areas in and around the capital Dehradun have witnessed steady demand. A Supreme Court order banning new construction in Mussoorie, 32 km uphill, has also added to the real estate demand here.

1 . Two IT Parks being set up on Sahastradhara Road and a Pharma City at Selaqui Industrial Area will increase employment opportunities and demand for residential projects.

  1. Road Projects

A Rs 2,200-crore ADBfunded project is under way to overhaul and build roads in addition to JNNURM projects. The national highway stretch between Dehradun and Delhi is also being upgraded.

  1. Airport Upgradation

Jolly Grant airport is being upgraded to accommodate bigger aircraft. This will improve accessibility not only of Dehradun but also of upcoming industrial locations in the state.

Major residential projects are coming up towards the south-east and south-west of the city. The latest revision in the circle rates for evaluation of stamp duty has pushed up land prices.Dehradun is also a regional commercial hub. Retailers from across the country are in the process of launching projects.

Shortage of occupiable residential options has resulted in appreciation of rental values, bringing in more investments in the sector.

More than half of the total identified investment over the next 5 years is proposed in the roads, traffic and transport sector, which is likely to give a big boost to real estate.

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REAL ESTATE DEHRADUN

Dehradun, the capital city of Uttarakhand in India, is a popular destination for real estate investment and development. Known for its natural beauty, pleasant climate, and educational institutions, Dehradun offers a range of residential and commercial properties to suit different preferences and budgets. Here’s some information about real estate in Dehradun:

  1. Residential Properties: Dehradun has a variety of residential properties, including apartments, independent houses, and gated communities. You can find options ranging from affordable housing to luxury villas. Popular residential areas in Dehradun include Rajpur Road, Mussoorie Road, Sahastradhara Road, and Clement Town.
  2. Commercial Properties: Dehradun has a growing commercial real estate sector. The city offers office spaces, retail outlets, and commercial complexes for businesses. Central business districts like Rajpur Road and Chakrata Road are popular locations for commercial activities.
  3. Integrated Townships: Dehradun has witnessed the development of integrated townships that offer a combination of residential, commercial, and recreational facilities within a single community. These townships often provide amenities like schools, hospitals, shopping centers, and parks, making them attractive for families and individuals seeking a holistic living experience.
  4. Land and Plots: If you prefer to build your own property, Dehradun also offers land and plots for sale. You can find land suitable for residential, commercial, or agricultural purposes. However, it is important to check zoning regulations and obtain necessary permits before purchasing land for specific purposes.
  5. Rental Market: Dehradun has a thriving rental market, driven by the presence of educational institutions, government offices, and tourism. Many people prefer to rent apartments or houses, especially in areas close to colleges, universities, and commercial hubs.
  6. Growth and Infrastructure: Dehradun has experienced significant infrastructure development in recent years. The construction of new roads, flyovers, and bridges has improved connectivity within the city. The expansion of the Jolly Grant Airport has also enhanced air connectivity. Additionally, the upcoming metro rail project is expected to further improve transportation in the city.
  7. Investment Potential: Dehradun’s real estate market offers investment opportunities due to its growing population, tourism potential, and increasing demand for residential and commercial properties. The city’s serene environment and proximity to popular tourist destinations like Mussoorie make it an attractive location for vacation homes and holiday rentals.

When investing in real estate in Dehradun, it is important to conduct thorough research, consult with local real estate agents or developers, and consider factors such as location, infrastructure, amenities, and legal aspects. Engaging the services of a reputable real estate agent can provide valuable guidance and assistance throughout the process.

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WE ARE PLOT SALE IN DEHRADUN

That’s great to hear! Dehradun is a beautiful city located in the foothills of the Himalayas in Uttarakhand, India. It’s known for its pleasant climate, scenic beauty, and educational institutions. If you’re involved in plot sales in Dehradun, it’s important to provide potential buyers with relevant information about the plots you have available. Here are a few tips to consider:

  1. Location: Highlight the specific areas in Dehradun where the plots are located. Mention any nearby landmarks, amenities, or attractions that could be of interest to buyers.
  2. Size and dimensions: Provide details about the size of the plots, including the total area and specific dimensions. This information helps buyers determine if the plot meets their requirements.
  3. Legal aspects: Ensure that all necessary legal requirements and documentation for the plots are in order. Buyers will want to be assured that the plots are free from any legal disputes or encumbrances.
  4. Infrastructure: Highlight any existing or planned infrastructure developments in the vicinity of the plots. This could include road connectivity, water supply, electricity, and other amenities that enhance the value of the plots.
  5. Pricing and payment options: Clearly mention the price of the plots and any available payment options, such as installments or financing. Provide transparency in pricing and avoid any hidden costs.
  6. Potential for development: Discuss any potential for future development in the area, such as upcoming residential or commercial projects, which could increase the value of the plots.
  7. Marketing and promotion: Utilize various marketing channels to reach potential buyers, such as online listings, social media platforms, local newspapers, and real estate agencies. High-quality photographs and detailed descriptions can attract more attention to your plot sales.

Remember to comply with all legal requirements and regulations related to plot sales in Dehradun. It’s recommended to consult with local authorities or seek professional advice to ensure a smooth and legal transaction process. Good luck with your plot sales in Dehradun!

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RERA Issues 31 Notices On Builders Over Public Grievances

Out of the 45 complaints received by the RERA, notices were issued to builders in 31 complaints over the past one month. DEHRADUN: The Real Estate Regulatory Authority (RERA) has served 31 notices to builders, most of them from Dehradun, over complaints received by the panel from customers. Out of the 45 complaints received by the RERA, notices were issued to builders in 31 complaints over the past one month. The builders were summoned for hearing to present their stand. “Barring four complaints received from Udham Singh Nagar district, rest of the complaints are from Dehradun. In few cases, trial has begun while other cases will be taken up (for trial) soon as per the rules,” program manager Kailash Pandey told HT, adding that notices will be issued in the remaining complaints soon. “Efforts will be made to conduct trial procedure within the stipulated period of 60 days.”

The Uttarakhand Real Estate (Regulation And Development.

Rules 2017 were notified on April 28 this year, and came into effect from May 1. The rules, notified under the Real Estate Act 2016, are aimed at regulating the real estate sector, protecting consumer interests in building projects and penalizing errant builders. According to officials, over 90% complaints are related to failure of builders to honor the possession date that was promised to the customers. “Complainants have sought compensation from builders in such cases…there’s been a delay of up to two years in some cases,” Pandey said. Some have sought RERA’s help to take possession at the earliest while other notices pertain to completion certificates of projects. So far, over 250 builders applied for getting themselves registered with the regulatory body. The RERA office is being run from the premises of the Uttarakhand Housing and Urban Development Authority, located at Dispensary Road in Dehradun.

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The Impact Of The Delhi-Dehradun Expressway On The Real Estate Market

The Delhi-Dehradun Freeway is drawing in a ton of interest among the few infrastructural projects proposed by the public authority. With a length of 210 kilometers, it would diminish travel time among Dehradun and Delhi and help land development in different miniature business sectors. The Dehradun Delhi Interstate is right now being worked on. It would run from Delhi’s Akshardham to Dehradun, Uttarakhand, by means of spots including Saharanpur, Bhagat, Shimla, and Ghaziabad. This expressway would permit individuals to drive among Delhi and Dehradun once it is functional. It will slice the excursion time down the middle, from six to two hours. The development will support the housing market along the length, and real estate agents are hopeful about it. Nitin Gadara, the Association Priest of Street Transport and Parkways, sent off the new financial passageway among Delhi and Dehradun in February. The 210-kilometer, six-path express thruway project is planned to be granted in August 2021 and completed in 2023. The Delhi-Dehradun Turnpike would slice the time it takes to drive from New Delhi to Dehradun into equal parts, from five to two hours. In the new monetary passage, another six-path street will be created from the Saharanpur sidestep to Haridwar. The ongoing six-hour trip time between the public capital and Haridwar will be decreased to only two hours utilizing this course. The development will support the housing market along the length, and real estate agents are hopeful about it. Moreover, the task would further develop correspondence among Delhi and Tronica City (presently known as the Trans Delhi Mark City). Ghaziabad is a quickly extending private area. The housing market in this space will likewise see huge development once the thruway is finished. The task is additionally projected to help Ghaziabad’s Mandola Vihar locale.

Land Improvement Along Expressways Has Been Famous In India.

and it has a great deal of commitment. During the land blast in India, significant transportation courses, for example, Public Expressways and Public Thruways saw colossal development. In these areas, the public authority has additionally helped with the speed increase and advancement of industrialization. Along the passageways, a blend of assembling units, public utilities, planned operations, natural security offices, local locations, social framework, regulatory administrations, and a couple of modern districts has been created in a calculated way. These have helped and rushed monetary development much further. One of the well known areas that would profit from the Turnpike is Haridwar. Individuals looking for excursion houses definitely have some familiarity with the city, and presently more will contribute there. The Metro train course proposed from Nepali Homestead to Vihaan Sabha in the Dehradun area is one more shelter for land in Uttarakhand. The Bound together Metropolitan Transportation Authority (UMTA) endorsed the 73-kilometer Dehradun-Haridwar-Rishikesh Metro Rail line in Uttarakhand in June 2020. The Delhi-Dehradun Freeway is a multibillion-dollar transportation framework project that will help various housing markets in Delhi, Uttar Pradesh, and Uttarakhand with the thruway comes the development of spikes, which will prompt considerably more extension.

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Feeling The Pinch of Stringent Rera Norms, Uttarakhand Realtors Seek Relief From Government

Over 500 real estate agents, small builders and those engaged in plot dealings in and around Dehradun have come together under the umbrella of Deon Real Estate Association Feeling the pinch after government notified the stringent Uttarakhand Real Estate (Regulation and Development) Rules 2017, realtors have now approached the state government seeking relief. To push for their demands, over 500 real estate agents, small builders and those engaged in plot dealings in and around Dehradun have come together under the umbrella of Deon Real Estate Association. They are seeking relaxation on certain “stringent points” added by the Uttarakhand government, which they claim have hit hard especially the smaller businessmen, agents and property dealers. The rules, notified under the Real Estate Act 2016, in April this year made it mandatory for those engaged in real estate business to register with the state’s Real Estate Regulatory Authority (RERA) with an aim at ensuring transparency and protecting the interests of the consumers in building projects or land dealings. While the Act gives powers to states to frame rules as per the geographical conditions peculiar to their region, the association members alleged that the state government had thrown in norms that were proving “detrimental” for the existence of small players in the real estate business.

Ranbir Singh Chaudhari, President, Doon Real Estate Association.

said that the registration fee for real estate agents was Rs 10,000 and for company promoters and builders Rs 50,000 in most states, while in Uttarakhand it was Rs 25,000 and Rs 2.50 lakh respectively for the two categories, at par with the fee in Uttar Pradesh, Karnataka and Haryana. “Unlike most other states, Uttarakhand has kept a high registration fee, in which we have sought relaxation…even Telangana (a state younger than Uttarakhand) has kept low registration fee,” Chaudhari claimed. Besides reduction in fee, the association has also called for simplification of norms for getting clearance for layouts from development authorities, removing responsibility of agents for verification of projects, and exemption of old plotted projects from RERA registration as done by Haryana and Uttar Pradesh. When contacted, state urban development minister Madan Kaushik said that the government was open to studying the demands depending on their merit. “I have asked the departmental officials to study the demands (of the association members) and will take a call on them soon to provide relief to them accordingly,” he told HT. Around 250 builders have got their projects registered with RERA so far. It may be recalled that the state government had given relief in penalty earlier this year to real estate builders, by slashing penalty for registration from 10% down by up to 1% of their total project cost.

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RERA Issues 31 Notices On Builders Over Public Grievances

Out of the 45 complaints received by the RERA, notices were issued to builders in 31 complaints over the past one month. DEHRADUN: The Real Estate Regulatory Authority (RERA) has served 31 notices to builders, most of them from Dehradun, over complaints received by the panel from customers. Out of the 45 complaints received by the RERA, notices were issued to builders in 31 complaints over the past one month. The builders were summoned for hearing to present their stand. “Barring four complaints received from Udham Singh Nagar district, rest of the complaints are from Dehradun. In few cases, trial has begun while other cases will be taken up (for trial) soon as per the rules,” program manager Kailash Pandey told HT, adding that notices will be issued in the remaining complaints soon. “Efforts will be made to conduct trial procedure within the stipulated period of 60 days.” The Uttarakhand Real Estate (Regulation and Development) Rules 2017 were notified on April 28 this year, and came into effect from May 1. The rules, notified under the Real Estate Act 2016, are aimed at regulating the real estate sector,protecting consumer interests in building projects and penalising errant builders. According to officials, over 90% complaints are related to failure of builders to honour the possession date that was promised to the customers. “Complainants have sought compensation from builders in such cases…there’s been a delay of up to two years in some cases,” Pandey said. Some have sought RERA’s help to take possession at the earliest while other notices pertain to completion certificates of projects. So far, over 250 builders applied for getting themselves registered with the regulatory body. The RERA office is being run from the premises of the Uttarakhand Housing and Urban Development Authority, located at Dispensary Road in Dehradun.

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Land Dehradun

Dehradun is a city in the northern Indian territory of Uttarakhand, and there are different land choices accessible in and around the city. The city is known for its lovely environment, regular magnificence, and instructive foundations, making it a famous objective for the two travelers and individuals hoping to settle down. A few famous regions for land interests in Dehradun include: Raipur Street: This is one of the most sought-after areas in Dehradun, with various top of the line private properties, malls, and eateries. Sahastradhara Street: This region is known for its beautiful magnificence and offers a scope of private properties, from lofts to free houses. Missouri Street: This is a famous area for those searching for free houses or estates, with numerous choices accessible for purchasers.

Waterway Street: This Region Is Situated In The Core.

the city and offers a scope of properties, from spending plan lofts to extravagance estates. Merciful Town: This is a creating region with great network to the remainder of the city and offers a scope of private properties at reasonable costs. Generally, Dehradun offers a scope of land choices to suit each spending plan and inclination, making it a famous objective for those hoping to put resources into property. Notwithstanding, doing careful exploration and a reasonable level of effort prior to putting resources into any property is constantly suggested.

Best Property in Dehradun

best” property in Dehradun varies depending on individual preferences and requirements. However, I can give you some general information on popular areas in Dehradun that you may want to consider when looking for property:

  1. Rajpur Road: It is one of the most popular and affluent areas in Dehradun with a lot of premium residential projects. The area is well-connected to the city center and has good access to shopping centers, schools, and hospitals.
  2. Sahastradhara Road: This area is known for its scenic beauty and is located on the outskirts of the city. It has several luxury housing projects and is a popular destination for people looking for a peaceful and serene lifestyle.
  3. Mussoorie Road: This area is also located on the outskirts of the city and is well-connected to the rest of the city. It is a popular area for people who want to live in a green and clean environment.
  4. Clement Town: It is a rapidly developing area in Dehradun and has several upcoming residential projects. The area is well-connected to the city center and has easy access to shopping centers and other amenities.
  5. Vasant Vihar: It is a well-established residential area in Dehradun with a mix of independent houses and apartment complexes. It is a popular choice for people looking for a convenient location with good access to schools, hospitals, and shopping centers.

It is important to do your own research and assess your own needs and preferences before choosing a property in Dehradun. You may also want to consult with a local real estate agent who can provide more information on specific neighborhoods and properties.

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