Detailed Look at Parao, Varanasi Property Market

When it comes to buying or renting in Parao, Varanasi, you’ll find extensive information about the area from a real estate standpoint.

Cost of Properties

• Average Cost per Sqft: The usual price for properties in Parao is around ₹3,988 per sqft, showing a 5.12% drop over the last year.
• Cost Range: Prices per sqft in Parao vary between ₹3,421 and ₹5,147.

Types You'll Find

• Residential Options:
  • Apartments: Find 1 BHK, 2 BHK, 3 BHK, and even 4 BHK apartments ranging from ₹40 Lac to ₹64 Lac.
  • Independent Houses: Available from ₹65 Lac, with average prices per sqft at ₹4,321.
  • Villas: Upscale residences found in communities like Ganpati Estate.
• Plots and Land:
  • Residential Plots: Priced from ₹15 Lac to ₹19 Lac.
  • Agricultural Land: Also for sale, including specific listings such as 4 Biswa and 6 Biswa plots.

Rented Properties

• Residence Rentals:
  • Flats: Rent 1 BHK, 2 BHK, and 3 BHK apartments, with costs beginning from ₹25,000 monthly.
  • Houses: Choices available as fully or semi-furnished options for rent.
• Commercial Spaces:
  • Offices, PGs, Shops, and Warehouses: Multiple options, including a massive warehouse in Ramnagar for INR 45,000 monthly.

Noteworthy Areas

• Ganpati Estate: A notable community offering upscale homes from ₹15 Lac to ₹40 Lac and a unique, safe lifestyle.

Perks and Location

• Central Position: Properties in Parao are close to essential services like temples, airport, railway station, and educational institutes such as BHU.
• Secure Gated Communities: Most homes are within secured areas, enhancing comfort and safety.

Market Insights

• Year-to-Year Changes: The prices of Parao properties have decreased by 37.04% over the past year, indicating excellent opportunities for buyers.
• Current Trends: While present prices may prompt buying or selling, profitability depends on your market sense and personal choices.

Summary from PropertyWala

Buying and renting in Parao, Varanasi reveal a rich array of real estate options—from budget-friendly flats to luxury estates and plots. With property values falling recently, it’s a prime market moment. Renters also have great pick-ups, including furnished homes. Parao’s prime spot and myriad amenities make it an appealing buy or rent choice. To make your decision, keep an eye on market trends and judge your own needs and budget for the best investment.