Real Estate Overview of Magistrate Colony, Ranchi

Location and Amenities: Magistrate Colony, Ranchi delivers prime residential experience with its key location and amenities. Located near crucial services like schools and hospitals, it offers a convenient living setup. The Firayalal Public School is about 1.7 km away, and the Newlife Hospital is merely 0.3 km, so it’s perfect for families wanting close access to essentials.

Property Prices: Property prices in Magistrate Colony, Ranchi remain fairly competitive. On average, the price per square foot across the Doranda area, housing Magistrate Colony, is ₹4,319. Ranging from ₹2,976 to ₹5,769 per sqft, it offers both affordable and luxury choices.

Property Types and Specifications: You'll find various properties among the options. For example, spacious 2 BHK semi-furnished flats in Maurya Vihar Lotus Apartment boast features like open spaces on three sides, aesthetic design, and extras like car parking.

Rent and Investment: Rental options are competitive here. For instance, you could expect to pay between ₹12,000 and ₹12,500 for a monthly rent for spaces from 900 sqft to 1,200 sqft.

Investment-wise, this area holds great promise. Property rates have climbed 18.99% year-over-year, making property transactions a sound investment.

PropertyWala's Final Assessment

Magistrate Colony, Ranchi stands out with its prime spot, key amenities, and affordable rates. It’s appealing for both renting and investing. If you’re hunting for a real estate investment or a cozy living place, Magistrate Colony is definitely a top contender.