Kanpur, the commercial capital of Uttar Pradesh is also known as the "City of Leather" and "Manchester of North". It is situated at the banks of sacred river Ganga and known as one of the major industrial centers with its glorified history, religion and commercial importance. The city is meeting the national and international requirements or superior quality leather, which is providing employment to thousands of people. Kanpur was the proud owner for various companies and manufacturing such as Hindustan Unilever, Czars India, Coca Cola, LML India, NTC, Pepsi, Rotomac, Sugar Tannery Limited, Pepsi, and Leeyan Overseas, to name a few.
The City of Leathers has a number of premier educational institutes such as IIT Kanpur, Harcourt Butler Technical University, Chhatrapati Sahu Ji Maharaj University and more. Beside this, Kanpur is home for medium scale industries and contributes in the local economies of Kanpur. So, if we talk about investing in a property in Kanpur, then, a major focus is there on the retail sector and commercial projects. Kanpur is among those emerging Tier II and III cities that has strong potential to become a successful player in the coming years, due to presence of more fertile land numerous business are mushrooming in the city. Read More
Types of Properties
With the advent of time, the Kanpur real estate sector is changing gradually, people are taking keen interest in knowing more about different types of properties. The city is offering wide varieties of properties ranging from residential properties to duplex, bungalow, plots, commercial projects, business parks, etc. Various developers such as Ratan Housing Development Builders, Collage Builders, SRGP Corp. Ltd, Chandak Builders and to name a few are launching several residential and commercial projects at great prices which are equipped with topnotch amenities. Both commercial and residential real estate in Kanpur have been benefitted a lot and capital values of Kanpur property segment have surged in the recent years.
The capital values in the posh localities remain high and they are experiencing around 15-20% of hike in recent times.
Commercial Property in Kanpur
Commercial real estate in Kanpur also been benefitted a lot with the construction of new shopping malls and office spaces within the city. The commercial property in Kanpur is booming due to presence of various manufacturing units and industries. As per the latest surveys, the majority of the commercial projects are going on in below areas:
Rental Property in Kanpur
With more industries and manufacturing units, the number of professionals has increased and this has affected the rental real estate of Kanpur. The tenants are extensively searching for affordable residential flats and apartments in the areas such as:
Kanpur is listed under Smart City Project, which is going to bring massive positive changes in infrastructural developments. The Kanpur Municipal Corporation is in the process to make a smart city proposal to provide smart solutions which will help the residents to share their ideas and thoughts for the growth of the city. Storm water drainage, Water supply, sanitation, solid waste management, waste water management, affordable housing, use of renewable and solar energy, non-motorized transport, underground electric cabling, energy efficiency, open space development, safety, healthcare, education, culture and heritage, public transport, pedestrian walkways, cycle tracks, roads, underpasses, Fly overs, services are few infrastructural highlights which are catered well by the local government, giving a boost to Kanpur real estate.
Uttar Pradesh is the third largest economy of India, it has booming industries, especially in UP-Delhi-NCR and Lucknow-Kanpur Corridor and producing almost all types of durables. There are more than 200 tanneries in Kanpur, which are contributing a lot towards the economic development of the city.
Kanpur is well-connected to the other parts of country via various modes such as busses, trains, taxis and airport. A wide range of vehicles are available for the transportation, which are as follows:
The nearest airport is Chaudhary Charan Singh International Airport, which is at distance of around 90 km from Kanpur city center.
There are several bus stations which connects to adjoining areas such as Allahabad, Lucknow, Jhansi, Sitapur, Sultanpur, Delhi- NCR, Agra, Etawah and more. Kanpur is situated at the National Highway no. 2 and 25 that connects to Delhi-Howrah railway trunk line and Lucknow-Jhansi Shivpuri route.
Taxi & Autos
Various private taxis such as Ola and Uber at affordable rates. Along with that private and public shared autos are also available from every corner of the city which is a quick mode to travel within Kanpur. The city is connected to all major stations of the country by numerous express and superfast trains.
Metro Rail Project
Sooner, the Kanpur city is going to have the luxury of travelling by Metro Rail, the idea and the pathway has been proposed by the authorities which is likely to be completed by 2020.
Two lines have been proposed currently-