Investing in real estate in Uttarakhand is getting a major appreciation in the real estate field. Uttarakhand is becoming a prominent location for real estate investment.
Real estate investment is also a great way to secure your wealth and pass it down from generation to generation.
Not just a way to secure your wealth but also a way to increase your wealth. Furthermore, we can say you can grow rich in your sleep.
Real estate investment is the best kind of investment as 90% of millionaires are made by owning real estate.
Investing in Uttarakhand will be the best decision one can make. Do you know why? If not, then let me give a quick introduction to Uttarakhand.
Best Location for Investing in real estate in Uttarakhand in 2022
Uttarakhand is a northern state in India carved out from Uttara Pradesh in 2000 along with Jharkhand and Chhattisgarh.
It is a hill-centric place with different customs and traditions divided into two regions Kumaon and Garhwal.
Uttarakhand is very popular because of many Hindu temples and pilgrimage destinations found throughout the state. This place is often famous as “Dev Bhumi”.
Moreover, Uttarakhand is also famous for its scenic beauty and hill stations. It is also home to 46 hill stations.
Investing in Uttarakhand is more efficient and profitable than investing in Himachal Pradesh. As per section 118, you cannot have ownership of land in Himachal Pradesh.
But in Uttarakhand, an outsider can buy up to 1.25 Nali i.e. 2700 sq. ft. with complete ownership of land.
You may also like to read:
How an outsider can buy land in Uttarakhand?
Can a non – Himachali buy land in Himachal?
Many people face the problem of finding the right place to invest in Uttarakhand because of the numerous hill stations present in the state.
But after a lot of research, we have taken out a list of the best places where you can invest in real estate in Uttarakhand.
1. Ranikhet – Queen’s Meadow
2. Nainital – Lake city
3. Mukteshwar – Apple country
4. Majkhali – Scottish countryside
5. Almora– Cultural heart of Uttarakhand
Now let’s see the top reason why one should invest in Uttarakhand in real estate.
Top Reason Why One Should Invest In Uttarakhand In Real Estate?
Investing in Uttarakhand in real estate is becoming a very popular search on the internet. People are now shifting more towards Uttarakhand than Himachal.
But what is the reason behind this? Why Uttarakhand is becoming a popular destination for real estate investment? Let’s check out the reasons:
More Location Options For Buyers while Investing in real estate in Uttarakhand
As we have already mentioned that Uttarakhand is home to almost 46 hill stations so buyers have more options available for property buying in Uttarakhand.
You can invest in Uttarakhand in some famous destinations like Ranikhet, Mukteshwar, Almora, Nainital, etc.
Freehold Property
It is a state law that all plotted developments in the state are sold as freehold properties, allowing transfers of the property to be performed easily, with the necessary paperwork.
As a result, new property buyers will have an easier time registering their properties.
Return On Investment
Except for land, property prices have steadily increased in both developing and existing locations.
“My investment in a Ranikhet plot has appreciated by three times in the past few months,” says Karambir Singh, a Punjab resident who invested in “The Ewen Park”.
Know more about township “The Ewen Park”
The growth of the hotel and tourism industries has caused property rates in Ranikhet to rise the most in the last two years, according to local brokers.
Immense Beauty
Uttarakhand is famous for its natural beauty and the view of the Himalayan peaks like Nanda Devi, Nanda Kot, Trishul Complex, etc.
The natural beauty here attracts many visitors, who wish to own a home here because a home in the middle of nature is the best and the happiest place on the earth.
Nature is the best mentor. Also, Uttarakhand is home to diversified flora and fauna and is rich in lush greenery.
Investing in real estate in Uttarakhand will be the best decision you will ever going to make in your life.
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Conclusion
Investing in real estate is one of the best kinds of investments one can do in his lifetime. You can easily pass down your wealth from era to era.
Not just passing the wealth it will also definitely going to increase your wealth. As there is a famous quotation that “Landlords grow rich in sleep”.
Uttarakhand is becoming a popular investment destination in the real estate sector because of many reasons like more opportunities for investing, property appreciation, freehold property, and so on.