Overview of Hotwar, Ranchi

Location and Accessibility

Hotwar is a key area in Ranchi, Jharkhand. It's located in a spot known for its strategic location and great connectivity to other parts of the city. It’s always close to popular landmarks, so you can easily take advantage of public transportation.

Property Prices and Trends

The average sale price in Hotwar is about ₹4,145 per square foot. This area includes everything from apartments to standalone houses to accommodate different budgets. Let's look at some pricing examples:

• 2 BHK flats cost around ₹45 Lac to ₹57 Lac with prices per square foot from ₹4,186 to ₹4,523.
• Larger 3 BHK flats also start around ₹62 Lac.

Types of Properties Available

• Apartments: Many options here, including both 2 BHK and 3 BHK units. Sizes? Ranging from around 1,075 sqft to 1,545 sqft.
• Independent Houses: Not as common, but still available.

Amenities and Infrastructure

• Educational Institutions: Plenty of schools and colleges here in Hotwar.
• Healthcare Facilities: Hospitals and clinics are readily accessible.
• Shopping and Entertainment: Shopping malls, markets, and fun places nearby.
• Public Utilities: Excellent infrastructure, good water, electricity, and other essentials.

Rental Options

Renting is also an option:

• You won't find detailed monthly rental prices explicitly listed, but rental prices in similar areas in Ranchi might range as follows:
  • 2 BHK apartments: ₹9,000 to ₹15,000 per month.

Market Trends and Investment

The market shows a positive trend, with an average price ₹4,145 per square foot, showing a good chance for appreciation. The property market in Ranchi has seen an increase of 17.19% yearly, meaning it might be profitable to think about investing or buying here.

PropertyWala's Takeaways

Hotwar in Ranchi is an attractive mix of affordability, convenience, and amenities, making it appealing to buyers and renters. From apartments to standalone houses, this area provides diverse options. With its strategic location ensuring easy access to facilities and services, and its positive market trends, Hotwar stands out as a smart choice for those who might want to invest or live in Ranchi.