Investing in a vacation home that is situated at a hill station is a trend which is becoming quite popular in India. People who are stressed out with the city life are looking forward to a second home away from all the chaos of the urban world. One such city is Dehradun, the capital city of Uttarakhand, which is becoming a favorite destination for those who want to invest in a residential property away from the chaos of the city life. Picturesque landscapes, expansive greenery, good location and moderate climate make Dehradun the preferred choice for Non-Resident Indians (NRIs) and residents alike as a profitable investment hub.
The most favored areas for investors in Dehradun are either at the Sahastradhara road or the nearby areas. Most investors find that this location is great from the investment perspective as it is less crowded and has the natural beauty intact. Residential properties in this area are available at a feasible rate to attract more investors.
Here are some of the advantages of buying a flat in Dehradun, especially at the Sahastradhara Road.
The Sahastradhara Road area is an excellent place to make an investment in a residential property, as it is one of the most developed and well-connected localities of the city. It is a residential area which also has several upcoming malls. Whether you plan to buy a residential property here to make it your second home or to rent it out, the area is the right choice considering that it has banks, ATMs, hospitals and schools located nearby.
Picturesque with greenery
Despite upcoming malls and construction projects, the area has enough greenery and is also very serene. You can get the best of both worlds (the fast-paced urban world and the serene natural landscape) by investing in a property in this area and other locations of Dehradun. Since the area is still developing, you can get a profitable property here within your budget. With realtors expecting the prices to go up substantially in the future, this is the right time to buy flats in Dehradun.
Several new and upcoming projects
The area is emerging as one of the most sought after spots for developers and builders, with several esteemed real estate groups already developing their projects here. It also has an IT park and is quite close to tourist spots like Mussoorie and Rishikesh.
Fastest growing area in the city
From an investment point of view, the area is developing at quite a fast pace. Along with the good public transport, such as frequent bus facility, the area also has several shopping centers, cinema halls, and schools. The area is soon expected to convert into a locality that houses commercial as well as residential properties in a balanced proportion.
Steady appreciation in property rates
The area has seen a steady appreciation in property prices over the past few years. With the increasing interest in the area not only from builders but also from those who want to make a safe investment in property, real estate prices are expected to go up further in the near future.
Good for the retirement life
Finally, it is also a good place to retire as it has adequate health care facilities and other support services. Since Dehradun has moderate weather throughout the year, it is an ideal place for seniors to make their retirement life easy and convenient. Those who are retiring but want to maintain an active life can indulge in several outdoor activities in the city, like sightseeing, trekking, visiting the parks around for jogging, etc.
Life in Dehradun is surely going to be more relaxing yet filled with fun activities. As making an investment in property is one of the best ways to utilize your savings, why not do it in places where you would like to settle down in the near future. Flats in Dehradun are the best investment options for smart buyers who know the value budget and the quality of living, at the same time.