Hisar, Haryana Property Guide
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Overview of Hisar
Hisar, found in the Hisar district of Haryana, has drawn growing interest in the real estate world due to its economic growth, urbanization, and developed infrastructure.
Economic and Industrial Significance
- Hisar is known for its huge steel industry, which really boosts the city’s economy.
- The city stands out in textile and the automobile sectors, offering plenty of jobs and business chances.
Connectivity and Infrastructure
- Hisar links well with roads including National Highways (9 and 52) and State Highways (10, 13, and 20). Easy access is provided to other areas of Haryana and Delhi.
- It has a railway station connecting to other states, with an airport nearby.
- Regular bus services improve its connectivity.
Affordability and Cost of Living
- Housing and property prices in Hisar are affordable due to the city’s high affordability index.
- Monthly expenses for a single resident come to around ₹25,000.
- Property prices fall between ₹ 15 lakhs to ₹ 65 lakhs, for items like 5 BHK farmhouses.
Types of Properties Available
- Many options in Hisar including plots, independent houses, builder floors, apartments, villas, and industrial plots.
Popular Localities
- Hisar Cantt: A variety of properties including plots and independent houses, with prices from ₹ 23 lakhs to ₹ 2.84 crores.
- Hansi: A mix of plots and properties priced between ₹ 39.6 lakhs and ₹ 54.45 lakhs.
- Sector 9: Features pricier properties, starting at ₹ 1.45 crores, typically higher end.
- New Mastnath Colony: Affordable options, including apartments starting from ₹ 30 lakhs.
- Dhingtana Village House: Features 4 BHK properties around ₹ 20 lakhs, affordable.
- Railway Road: Higher-end prices starting at ₹ 1 crore to ₹ 2.5 crores.
Impact of S+4 Policy
- The stilt-plus-four-floor policy (S+4) has raised property prices in upscale residential areas.
- It’s allowed for higher multi-storey buildings, which bring profit to builders but raise congestion concerns for residents.
Considerations for Investors and Buyers
- Clean Neighborhood: Find a clean, well-maintained area for your property.
- Market Research: Do research to compare prices and amenities.
- Legal Checks: Check all documents and seek legal advice.
- Insurance: Think about property insurance.
- Infrastructure: Look at water supply, sewerage, roads, and parking, especially considering S+4 impacts.
PropertyWala's Conclusion
Hisar stands out for anyone wanting to invest or buy residential property. With its strong economic growth, better connectivity, and affordable living, Hisar is a good investment. Still, it's wise to look at policies like S+4 and research your property thoroughly before buying. Proper planning will make your investment rewarding.