Uttaranchal's real estate sector is currently striving to attract adequate foreign investments, crucial for its development. The bustling city of Dehradun, in particular, showcases a vigorous growth trajectory, brimming with potential across industries such as tourism, commerce, and real estate investment. Notably, the region is home to numerous real estate builders, many of whom are engaged in various township projects aimed at enhancing state infrastructure. Commercial and residential properties are particularly in demand in prime locations like Dehradun, as developers seek out land in desirable tourist regions.
The government's favorable policy granting a 100% tax exemption for a decade on central exercises, coupled with income tax exemptions for an additional five years, is spurring competition among housing and construction companies eager to develop often untouched lands in Dehradun.
While real estate developers are generally pleased with the current government policies designed to benefit the sector, there remains a desire for greater flexibility in these regulations to further enable growth.