Is 2023 Is A Good Time To Buy A House in Dehradun ?
Dehradun is considered as the most beautiful and attractive city in India as it is encircled by mountains and fresh air. Dehradun city is a fantastic package when it comes to residential living. Infrastructure and facilities of the city are improving and hence people are getting attracted to Dehradun as before, Dehradun ranks 5th for investing in NRI’s properties and for the past 3 years, Dehradun is been growing rapidly as it was awarded as the best smart city in 2020. When it comes to buying a house 2023 is the best time to buy a house as the past 2 years were hard due to the pandemic, so now is the time when people are investing in properties and due to the newly inaugurated Centrio mall in Dehradun are new concepts created to meet the demands of an expanding number of tourists so 2023 is the best time to invest in properties and houses So consumers can expect that this year will be the worst for inflation, with prices estimated to go down by 2023, it will become more expensive to purchase a home. The for-sale cost of a home is expected to drop. 2% in 2023. Dehradun's real estate market is booming, thanks to its reputation for retirement homes, vacation homes, holiday homes, and close proximity to Delhi/NCR. People from neighbouring cities are very interested in purchasing a house, villa, farmhouse, or apartment in Dehradun, and rental trends have proven to be very appealing to many interested buyers. There are many reasons why you should consider investing in Dehradun:
1. Delhi-Dehradun Expressway The last 20 kilometres of the Delhi-Dehradun Expressway pass through the sustainable and environmental zone of Rajaji National Park. Once finished, the expressway will reduce the journey time from Dehradun to Delhi from 6 hours to 2.5 hours and from Delhi to Haridwar from 5 hours to 2 hours. Travel time is important these days, and only 2.5 hours to Dehradun will encourage more people to invest in vacation homes. If you have a job or business in Delhi, you can easily travel to Dehradun to enjoy your cozy weekend with your family and friends in your vacation home while enjoying the beautiful scenery of the hills with the famous bun Tikki! 2. Consecutive Rise in Property Prices After the completion of the Delhi-Dehradun expressway and smart city development, there will be a significant rise in the price of properties and rented apartments. If we see the past trend in the price of an apartment in Sema Dawar, in April 2021, the rate of the apartment in this area was around Rs. 4,650/sqft and now it’s around Rs. 4,970/sqft. • Sahastradhara Road has seen 34.2 % appreciation with a 6% rental yield in the last 03 years.
Kulhan has seen 33.7 % appreciation with a 6% rental yield in the last 03 years.
Mussoorie Road has seen a 21.82% appreciation with a 4% rental yield in the last three years, according to data from 99 acres dated August 22, 2022.
3. Destination Work from Home Several people in the COVID-19 pandemic had the benefit of working from home. We are still in a pandemic and many offices have still given their employees the benefit of working from home. Many people who are working from home are now travelling and working simultaneously. Dehradun is one of the best hill stations where you can work and enjoy the breath-taking beauty of the hills and the environment of Dehradun. 4. Smart City Project Dehradun's smart city project in 2017 has made significant improvements to the overall progress. The project, which aimed to boost the standard of living in the city, had a significant impact on the Dehradun real estate sector. Surveillance cameras can help residents of Dehradun feel safer and respond to incidents faster. License plate recognition, connected crime centers, and body cameras can provide departments with detailed and accurate data. These technologies complement one another to make the communities of Dehradun feel safer. The city's architecture will be enhanced as part of the Dehradun smart city project to enhance drainage and sewage facilities. Smart toilets, electricity, and water supply systems are also part of the plan. 5. Rising Job opportunities in Tier 2 cities After the pandemic, IT firms are no longer limited to major cities and are actively seeking opportunities to establish bases in tier II cities. This could be a golden opportunity for those who are looking to work and enjoy the beautiful hills of Dehradun. Furthermore, with the completion of the Delhi-Dehradun Expressway, there will be a boost in employment in the city. 6. One of the best educational systems There is academic excellence in the air of Dehradun due to the existence of prestigious institutions such as the Ecole Globale International School, Welham Girls’ & Boys’ School, Doon School, etc. Academic institutions provide high-quality education, and students can expect low pollution and a pleasant study environment.