Chandrapur, Maharashtra Property Guide
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Chandrapur, Maharashtra Real Estate News
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Advertise property FREEChandrapur, Maharashtra Real Estate
Chandrapur's Transformation
Chandrapur, in Maharashtra, is bustling with development, turning it into a hot spot for investing in real estate.
Economic and Industrial Highlight
- Chandrapur, famous for its substantial coal reserves and mines, is deemed the ‘Black Gold City’. The city houses numerous industries - from coal mining to paper manufacturing, cement production, and ferroalloy making.
- It also boasts a thermal power station, reinforcing its industrial status.
Connectivity and Infrastructure
- Public transport like railways and city buses are all available here.
- A new airport at Vihirgaon, 40 km away, is a work in progress and meant to improve connectivity to transport minerals and industrial goods.
- Furthermore, the city is set to see benefits from the Hindu Hriday Samrat Balasaheb Thackeray Samruddhi Expressway, enhancing tourism and industrial activity.
Real Estate Insights
- Property Rates: Average property rates hit about ₹3,423 per square foot. There’s a year-to-year rise of 12.56%.
- Price Ranges: Prices span from ₹2,278 per square foot to ₹5,200 per square foot.
- Locality Insights:
- Civil Lines: ₹2,542 – ₹5,200 per square foot.
- Tukum: ₹3,366 per square foot.
- Kosara: ₹1,803 per square foot.
- Brahmapuri: ₹2,142 per square foot.
- Vichoda Bk.: ₹2,709 per square foot.
Where to Invest?
- Tukum: Offers basic amenities within 5 km and has commercial property prices from ₹5,000 to ₹10,000 per square foot.
- Kosara: Ideal for builders and investors due to its railway and bus connectivity, rapidly growing, and an increasing population.
How to Proceed with Commercial Real Estate Investment
- First, set a realistic budget according to your financial health.
- Next, identify potential investment spots.
- Then, consider hiring a broker for viewing and verifying documents.
- Ensure the property gets RERA approval.
- Prepare the essential legal paperwork with a professional’s help.
- Lastly, finalize with payment, stamp duty, and registration fees, plus insurance for security.
PropertyWala's Insight
Chandrapur shows great promise for real estate investment, bolstered by industrial boom, better infrastructure, and rising property values. The upcoming airport and expressway extension will surely bring more industries and commercial activities to the city. Investors and renters alike should look into current price trends, future potential of locations, and complete legal and financial formalities before deciding.