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Bilaspur, Chhattisgarh Property Guide
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Real Estate Insight on Bilaspur
Where It's Situated and Its Standing
Bilaspur, located in Chhattisgarh, is commonly called the "City of Festivals." It's also famed as the "Law Capital" because of the presence of the Chhattisgarh High Court. The city plays a vital role in various industries like electrical power, rail, rice, coal, and silk, which make it a key business hub in the area.
Property Prices and Trends
- Properties in Bilaspur start around Rs. 225 per square foot, with the average price at Rs. 3,722 per square foot. Prices are going up by 7.88% each year.
- Check out these price points in different areas:
Opportunities to Invest
- Commercial Real Estate: There's a huge surge in commercial real estate in Bilaspur, with new office spaces, retail areas, and industrial parks popping up. This boom is fuelled by more business and growing economy.
- Residential Real Estate: Bilaspur is among 100 smart cities under the Smart Cities initiative. This push will lead to more growth and better living conditions, making it a hot spot for real estate investment.
Top Places to Invest
- Sakri: Connected well due to state highways 7 and 8 running through it. Average price per square foot: Rs. 2,622.
- Mopka: Known for better healthcare. Famous hospitals are there. Average price per square foot: Rs. 2,961.
- Sarkanda: Connected to nearby areas and hosts a busy supermarket. Average price per square foot: Rs. 3,407.
- Vikas Nagar: Prices here are higher. Around Rs. 4,000 per square foot.
Improvements and Setup
- Smart City Projects: Bilaspur's part of the Smart Cities plan with upgrades in healthcare, transport, and other setups like the Bilasa Bai Khetra Airport and improved communications.
- Green Energy: Solar plants and solar-lit streets are part of the city's green goals.
- City Growth: Projects like the AMRUT plan target better water supply, sewer systems, transportation, and drainage.
Need for Affordable Housing
Housing for the middle class is in demand due to city growth and more residents. Developers are building cheaper homes for this growing group.
PropertyWala's Thoughts
Bilaspur is a smart choice for property buyers and investors alike. The city's strong industry, smart city plans, and green efforts mix affordability and growth with quality living. It's key to consider neighborhood quality, developer reputation, and local setup and growth projects. Buying real estate here can pay off big, with the city on a steady growth path.