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Overview of Bareilly's Real Estate Market

Bareilly, a historical city in Uttar Pradesh, is seeing a big change and growth in its real estate, making it popular for people buying homes and those looking to invest.

Important Changes and Areas

Eastern Bareilly:

• Eastern Bareilly International City: A massive residential project offering well-planned neighborhoods. It includes good roads, parks, malls, schools, and healthcare. This project mixes luxury and practicality, offering everything from plots to ready-to-move apartments and villas.

Southern Bareilly:

• Affordable Housing: Known for organized housing projects, including:
  • South City Bareilly: Well-planned layout with high-quality buildings for flats and villas.
  • Gaj Greens Villas: A premium area focusing on eco-friendly villas.
  • Horizon Navjeevan: Flats for middle-income families with essential amenities.
  • JHM Desire: Modern villas in a well-laid-out township, focusing on luxury and comfort at fair prices.
  • Mandakani Apartments: Budget flats with good living spaces.

Western Bareilly:

• High-End Projects: Notable projects include:
  • Eldeco City: A large residential area with plots, villas, and a large clubhouse.
  • Aero City and Park Avenue: High-end residences with modern amenities and good transport links.

Northern Bareilly:

• New Developments: Areas near the airport and Pilibhit Bypass Road have new projects like:
  • Park City: Luxury homes with modern amenities in a premium project.
  • Aurika Homes and Jeevan Sukh: Affordable flats near the airport.
  • The Kings Park Residency: High-end villas and luxury apartments with great facilities.

Property Prices and Trends:

• Start Fee: Homes in Bareilly start from as low as Rs. 1,069 per sq ft.
• Average Fee: Rs. 8,293 per sq ft, with a yearly rise of 7.14%.
• Price Range: Prices range from Rs. 1,069 to Rs. 61,538 per sq ft, depending on the area and property type.

Amenities and Connections:

• Improved Infrastructure: The city is getting better roads, parks, malls, schools, and hospitals.
• Good Links: Areas like the Pilibhit Bypass Road and the airport improve connectivity to Uttar Pradesh and beyond.

Investment Prospects:

• National Developers: Big names like Omaxe Group and ATS Group are investing in Bareilly. This may raise the property market value and attract more investors and high-end buyers.

Popular Neighborhoods:

• Rajendra Nagar: Avg price Rs. 13,368 per sq ft.
• Sahukara: Starts at Rs. 5,772 per sq ft.
• Green Park: Avg price Rs. 6,256 per sq ft.
• Model Town: Avg price Rs. 12,152 per sq ft.

PropertyWala's Thoughts

Bareilly’s real estate market is growing fast, offering a mix of housing options for different buyer needs. From luxury in eastern Bareilly to affordable areas in the south and upscale in the west, Bareilly has it all. With big developers involved and infrastructure improving, Bareilly is an exciting choice for buyers and investors alike. Whether you seek a cheaper home, a fancy villa, or a plot for future building, Bareilly offers many choices.