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Neelbad, Bhopal: Real Estate Insights

Safety and Amenities

Neelbad in Bhopal is viewed as a secure and thriving neighborhood, appealing to both buyers and tenants. It offers various facilities such as schools, hospitals, and markets, and also has fun spots like the horse riding club and golf course that are easy to reach by walking or a short drive.

Types of Property

Mostly, the neighborhood includes a range of residential options like apartments, standalone houses, villas, and land plots. There are plenty of fresh and being-built projects and homes ready to move into. Also, you find farmhouses and upscale living projects to match different buyer tastes.

Pricing Trends

Prices of properties in Neelbad differ based on their type and size. Here’s a summary:

• Residential units start from around Rs. 404 per sqft up to an average price of Rs. 2,591 per sqft.
• For land, rates hover between Rs. 550 to Rs. 1,950 per sqft, showing a huge increase in values in recent years (66.7% in the past year and 114.3% over the last three years).

Investment and Rental Opportunities

Neelbad has shown a good increase in real estate prices with 21.44% rise over the last year, making it a great place for investing. There’s also a vibrant rental market, where a 2 BHK house is available for rent at Rs. 8,500 every month.

Infrastructure and Connectivity

The area includes great amenities, such as wide streets, reliable water supply, and close to major institutions like VNS College and Makhanlal Chaturvedi University. It’s also located near the international cricket stadium and other important places, offering smooth connectivity and convenience.

PropertyWala's Assessment

Neelbad, Bhopal, suits well for those seeking to purchase or rent property. It shines for safety, amenities, and positive real estate prospects. The mix of affordable to premium options, along with strong growth in property values, marks it as attractive for both buyers and investors. The locality’s advanced infrastructure and strategic convenience boost its appeal, making Neelbad a beneficial spot in Bhopal’s suburban real estate.