Reasons Behind Real Estate Boom in BhopalLooking for a good Investment opportunity or home or office space for yourself, you can head towards the city of Bhopal in Madhya Pradesh state of India. With the boom in the Real Industry across the world, Bhopal is also not left behind. Bhopal is growing day-by-day with respect to infrastructure and facilities with a large number of commercial & retail spaces. Residential colonies, hospitals, colleges already established in the city and many more are in pipeline. To cash in on this boom many reputed builders and leading companies are planning new projects in Bhopal. Good connectivity to other parts of the world and its strategic location also add to the Property boom in Bhopal.
Bhopal - A Builders Paradise
The low land prices, uncomplicated documentation procedures, proper government support, and easy availability of construction labourers and other man-power have helped in making Bhopal an attractive investment opportunity for builders. Many reputed & leading Builders have already started residential & commercial projects in Bhopal and are hoping to reap huge profits later when the prices increase. There is no dearth of buyers and investors in Bhopal with the city recording a growth of nearly 42% in registration of new properties.
Presence of Reputed IndustriesBhopal is home to the leading government enterprise Bharat Heavy Electricals Limited (BHEL) and about 1000 small and medium scale industries located in the Govindpura industrial area. Hundreds of people flock to Bhopal on a regular basis to seek employment opportunities, thus creating a demand for new homes and shops. Many reputed Publishers and Media houses like Manjul Publishing House, Dainink Bhaskar Group, etc. are also present in Bhopal adding to the commercial value of the town.
Entry of Global Players & Other Leading CompaniesBhopal is rapidly progressing towards economic and financial growth and becoming a major trade and commerce centre in India. To exploit and gain benefits from this business opportunity, many IT Companies, MNCs, Financial & Banking Institutions and Fast-food Chains have started to purchase land and establish their base in Bhopal. Government is also buying vacant un-utilised land and promoting Special Economic Zones (SEZs) in the city to attract industrialists and foreign investors. Due to this ongoing sale & purchase activity the real estate sector in Bhopal is witnessing a consistent growth.
Affordable Prices and Genuine ConstructionThe prices for residential houses & commercial spaces are still not too high and within the range of the average buyer. These affordable prices are attracting both investors and buyers from all segments of the society keeping the property market alive. Well planned residential colonies, market places, commercial malls, roads, recreational facilities, etc. with good supply of water and power prompt the people to buy property in Bhopal. Many projects are in completion phase offering a ready-to-move option to the home-buyers saving their time and money. A close check is being kept on fraudsters so that the buyers can invest safely and securely.
Good Connectivity & Future Growth OpportunitiesThe presence of a full-fledged Railway Junction, National Highways and a domestic airport - Raja Bhoj Airport which is soon to transformed in to an International Airport provides good connectivity to all the major places in the world. Thus people coming from outside also consider buying property in Bhopal. The State Government is also making all efforts to provide the all necessary support to builders and developers so that Bhopal can become a world class city.
So if you want your money to multiply or buy a nice house for yourself or invest in some good commercial property which will give you high-returns, Bhopal is the place for the same. A real-estate boom waiting to be explored and gain huge benefits from be it a home-buyer, builder, industrialist or businessman.
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