Bokaro, Jharkhand Property Guide
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Overview of Bokaro
Bokaro, often called Bokaro Steel City, is a major industrial center in Eastern India, especially in Jharkhand state. Here's an in-depth look at the city's real estate:
Location and Connectivity
- Bokaro touches Dhanbad, Ramgarh, Giridih, and parts of West Bengal’s Purulia district.
- The city is connected by roads and rails, with great public transport options.
Economic and Industrial Significance
- Bokaro significantly contributes to Jharkhand's economy and houses the big Bokaro Steel Plant by SAIL.
- Industries in the city include steel, oil, and cement from companies like Dalmia Cement Bharat Limited and Vedanta Limited, with many jobs available.
Education and Amenities
- Bokaro has a literacy rate of 83.47% and various top-notch schools.
- It has healthcare, schools, stores, and malls. Schools include Guru Gobind Singh Public School and Adarsh Vidya Mandir School.
Safety and Security
- Bokaro’s crime rate is lower than India’s average. It’s safer than most Indian cities. The crime rate stands at around 136.93 against the national average of 445.9.
Key Localities for Real Estate Investment
Chas
- One of the most popular and in-demand areas of Bokaro.
- Residents enjoy healthcare at K.M. Memorial Hospital.
- Easy school access and market reach.
- Societies like Adhar Co-operative Colony are great options.
- Average property price: ₹3,545 per square foot.
Sector 4
- Known locality with hospitals like St. Paul Hospital and Bokaro General Hospital.
- 24/7 water and electricity supply.
- Well-linked roads to nearby Sector 9 and Chas.
- Average property price: ₹4,049 per square foot.
Other Notable Localities
- Chas Talgaria Road: Excellent road connections.
- Kunj Vihar: Proximity to Kunj Vihar pond. Ready-to-move homes.
Property Prices and Trends
- The price for properties in Bokaro averages ₹26.62 lakh, starting from ₹2,466 per square foot.
- Houses range from 1-7 BHK and cost between ₹57.5 Lac to ₹1.55 Cr based on location and amenities.
Steps to Invest in Real Estate in Bokaro
Step 1: Budget Planning
- Set aside your budget to ensure your EMI payments don't affect your savings.
Step 2: Locality Research
- Find the best places with good social facilities or hire a good broker for research.
Step 3: Property Selection
- Do on-site checks to see amenities and transport links.
Step 4: Make a Final Choice
- Verify the RERA authenticity and builder credibility.
Step 5: Legal Guidance
- Engage a legal assistant for paperwork.
Step 6: Legal Procedures
- Submit all papers and complete the legal work.
Step 7: Payment and Fees
- Pay for the property and incur stamp duty, registration and professional fees.
PropertyWala's Conclusion
Bokaro is a strong choice for real estate investment. It’s backed by a steady industrial base, solid infrastructure, and a high need for homes and business spaces. Low crime rates, good access, and good amenities make it appealing for both residents and investors. Following these steps allows buyers to make smart investments in Bokaro’s booming real estate scene.