Dehradun, the recently declared capital of Uttarakhand is one of the oldest cities of India nestled in the mountain ranges of Himalayas. The “Adobe of Drona” as it is known as, its history can be traced back to the time of Garhwal rulers which was captured by the British. Dehradun is home to the headquarters of a number of government organizations like Oil and Natural Gas Corporation, Forest Research Institute, Survey of India, Indian Institute of Petroleum etc.
Dehradun is embroidered with scenic beauty and is renowned for the presence of premier educational institutes, natural resources and publishing services. Tea gardens, litchi plantations and rice fields further enrich the beauty of the city. Dehradun garners a good per-capita income owing to its low population and competent education institutes, commercial and IT upswing and establishment of technology parks of India.
The city has experienced rapid industrial and IT development, triggering real estate in Dehradun. Demand for commercial and residential property in Dehradun has achieved its all-time high in the last decade. Read More
Dehradun offers a number of properties depending on the demand, purpose and budget. Residential apartments, villas, small and big commercial spaces the city has variety to offer to the buyer. However the city faces a shortage occupiable residential options resulting in increasing rental values and more investments in real estate of Dehradun.
Dehradun with all the rapid developments is turning the slow paced lifestyle into the metropolitan culture. Dehradun is experiencing a boom and this is because of the stunning growth posted by Indian Economy. Hence, the city now offers new residential projects, retail and commercial spaces.
The city with serene environs has always been an educational and institutional centre with exotic climatic conditions, good infrastructure and low crime rate contributing to fast pace growth of city. Hence, the rates are witnessing a hike because of all the factors contributing to the boom.
Dehradun is also a regional commercial hub expanding rapidly. Main retail spaces are distributed among the following areas:
Clock Tower and Rajpur Road are taken as yardsticks when any developer talks about the developments. City was earlier known as second home destination or a retirement plan city but with the upgraded status as a capital and development on a roll, properties in Dehradun are now attracting every age group and every income group. The city attracts investors and buyers and is one of the most in demand city for NRI investments. Increasing rates, developing infrastructure and better connectivity is leading to higher demands in Dehradun property market.
Rental prices in Dehradun have always been on the interest page of Dehradun real estate market. With advent of industries, increasing number of retail malls and shops, the city has been experiencing a constant growth in the number of tenants looking for rental properties around. The Dehradun-Mussorie Highway and Rajpur Road are the most sought after localities for rental properties.
Growing developments in the city is leading to a rapid development in commercial real estate expansion. A number of commercial projects in Dehradun are widening in all directions and over the past few years, the city has experienced interests from investors and corporates.
Some of the real estate hubs are as follows:
Everyday thousands of properties are being listed online for buy, sale and rental purpose. Various renowned builders such as Unitech, Estate Developers, Parsvnath Group and more are launching residential and commercial units with the outstanding amenities at reasonable prices.
Dehradun, the prominent education centre and an upcoming industrial and commercial hub has enjoyed a strong economy for over two decades now. Economy of the city today is amplified by establishment of commercial properties and software technology parks of India. Dehradun is home to a number of government organizations and is also dominated by the presence of regional offices of reputed firms like Spice Digital, Genpact, Aptara, Serco, Spanco, IndiaMart etc.
Upgradation of national highway between Delhi and Dehradun is the major infrastructure development that has created a positive impact on real estate. Other infrastructure projects that have created an impact on the real estate trends of the city are:
The investment in road, transport and traffic also adds to the positivity of trends for real estate in Dehradun.