Ormanjhi Overview in Ranchi

Area Location and Ease of Access

Ormanjhi, in Ranchi, Jharkhand, provides a blend of affordability and a strategic placement. It's linked to famous spots including Ormanjhi block chowk and Ratu Fun Castle along with essential services like banks, markets, schools, and hospitals[1."

Budget Range and Cost-Effectiveness

The properties in Ormanjhi are priced attractively across a range, suitable for a variety of budgets. Residential lands range from about ₹9.2 Lac to ₹2.16 Cr, with many priced in ₹60 Lac - ₹80 Lac.

Kinds of Properties

• Residential Estates: Found in sizes from 1027 sq-ft to 21780 sq-ft, these can cost from ₹12.6 Lac to ₹2.40 Cr, suitable for building up to 5 floors in some estates.
• Freestanding Homes/Villas: Include duplexes and standalone houses with features like walls, gates, and extensive areas within big plots.

Advantages and Facilities

• Structure: The area has fine roads (widths from 7m to 30m), functional drainage, and ongoing electricity and water supply.
• Community Perks: Nearby access to parks, temples, ballrooms, playgrounds, and other communal extras adds to the property’s value.

Chances for Profit

Due to its rising interest and numerous high-rise development projects, Ormanjhi has good investment values. It holds appeal for both housing and business ventures.

Leasing Opportunities

If renting, there are homes and villas like 2 BHK with one bathroom and one balcony, priced at ₹7000 monthly.

Highlights of Residential Estates

• Estate Sizes: Vary from 1027 sq-ft to 21780 sq-ft.
• Measurements: Like 35 X 29.34, 100 X 63, etc.
• Advance Fee: Typically ₹1 lakh.
• Building Allowance: Up to 5 floors in certain lands.
• Direction: Many face roads with different widths (7m to 30m).
• Landmarks: Near popular stations such as Ormanjhi block chowk, Ratu Fun Castle, banks, markets, schools, and hospitals.

PropertyWala's Final Thoughts

Ormanjhi, Ranchi, makes a great option for anyone looking to buy or let out in an economical but strategic spot. Featuring accessible prices, solid infrastructure, and connections to important facilities, it's a perfect choice for home buying and investment. Whether you're hunting for a plot to create your dream residence or a single house to move into immediately, Ormanjhi provides a fair combination of affordability, convenience, and future growth.