Overview of Lanka, Varanasi

Location and Accessibility

Lanka, found in Varanasi, stands out as a sought-after place. Near are key spots such as the Banaras Hindu University (BHU), the Sankat Mochan Temple, and the NH-2 highway connecting Kolkata to Delhi. This spot is ideal for buyers and renters. It's well-connected with top schools and religious sites.

Property Types and Prices

• Residential Plots: Prices range widely from Rs 1,600 to Rs 12,100 per sq ft, seeing considerable growth (9.8% last year, 36.6% in the past 3 years, and 51.4% in the last 5 years).
• Apartments and Flats: Prices start around Rs 4,923 per sq ft, averaging Rs 7,096 per sq ft. The top range reaches up to Rs 10,714 per sq ft. Choices include 2 BHK, 3 BHK, and larger units.
• Independent Houses and Villas: Options for these include semi-furnished or fully furnished homes. An example is a 5-10 year old house with 10 bedrooms and 6 bathrooms, costing around Rs 2.4 crores.

Amenities and Infrastructure

• Educational Institutions: BHU and other schools like Sunbeam School are nearby.
• Healthcare: Nearby are hospitals like the Trauma Centre and City Care Hospital.
• Shopping and Leisure: Markets, V2 mall, and other centers are close by.
• Transportation: Well-linked to major roads and public transport.
• Security and Amenities: Properties include 24-hour power backup, water facilities, security, and covered parking.

Appreciation and Investment Potential

• Price Trends: Strong price growth in the area points to its investment potential. Property rates risen by 3.98% last year, with land rates going up by 9.8% last year, and 51.4% over the last 5 years.
• Demand: Due to its top location, the area is in high demand, making it great for buying or selling.

PropertyWala's Conclusion

Lanka, Varanasi, ticks all boxes for investment in real estate or residential purposes. Its prime spot, great connectivity, and strong infrastructure make it a blend of affordable and luxury choices. Property values have gone up significantly in past years, showing it's a smart choice. For buying, renting, or selling, Lanka's high demand and price trends make it great for joining a busy and lively area in Varanasi.