Gitilpiri, Ranchi Overview

Location and Amenities

Gitilpiri, nestled in Ranchi, provides a mix of residential areas and amenities that make it appealing for buyers and renters alike. It boasts efficient connectivity to other city parts and is close to schools, hospitals, and essential facilities.

Property Rates

• The average price per square foot in Gitilpiri is around Rs. 4,329.
• In the Hawai Nagar segment of Gitilpiri, the starting price hits Rs. 4,128 per square foot.

Year-on-Year Price Trends

• Prices in Hawai Nagar, part of Gitilpiri, have dropped by 4.64% over the past year. This downturn hints at a potential good time for investors to delve into real estate there.

Types of Properties Available

• Apartments/Flats: You’ll find ready-to-move-in apartments. One example is a 2 BHK flat in Hawai Nagar, priced at INR 36 Lac, featuring a range of amenities.
• Independent Houses: Renting or buying independent houses is another option, with various sizes and prices. For instance, a 1-bedroom house is available for rent in nearby Hinoo.

Rental Market

• Apartments and independent houses are available for rent. A typical rental unit would span 600-800 sqft, priced from ₹4,000 to ₹4,600 per month.

Investment Potential

• With current prices trending down, buying and selling in Gitilpiri remains profitable. The slight fall in property rates could be a strong incentive for those planning to invest.

Popular Projects and Listings

• Many properties for sale and rent grace Gitilpiri, with noteworthy projects dotted in Hawai Nagar, a favored locality.

PropertyWala's Conclusion

Summarizing, Gitilpiri in Ranchi shows a fair real estate market with competitive prices and a spectrum of property choices. With the recent price dip, it’s turning out to be a favorable time for buyers and investors. However, keeping a lookout for pricing trends and understanding local conditions will help make more informed decisions. Thanks to its connectivity and convenient amenities, Gitilpiri remains a strong choice for anyone thinking of buying or renting a property in Ranchi.