Rampur, Himachal Pradesh Property Guide
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Overview of Rampur
Rampur, in Uttar Pradesh, India, is a city that keeps getting more enticing for people thinking about real estate investing. It has an expanding infrastructure, is booming in industries, and has rich cultural traditions.
Location and Connectivity
- Rampur lies about 322 km from Lucknow and is served by National Highway 9, linking to cities like Delhi, Lucknow, and Bareilly.
- The city has a railway station on the Lucknow-Moradabad line, which connects to places like Howrah, Amritsar, Jammu, and Avadh. The nearest airport is Bareilly, about 69 km away.
Economic and Industrial Landscape
- Rampur is an industrial hub with many industries, including oil exporting, beverages, cotton milling, kite making, and sugar refining. These industries offer numerous jobs for town residents.
- The city is home to big firms like Radico Khaitan Ltd., noted for its Indian Made Foreign Liquor (IMFL), and Supermint Exports, which makes natural essential oils.
Educational and Healthcare Facilities
- Rampur has good schools such as Heritage Global School, St. Mary’s Senior Secondary School, and G D Goenka Public School. Higher education institutions include Hari College of Law, Govt. Raza Post Graduate College, and Jauhar College of Engineering & Technology (JCET).
- Healthcare services are provided by Rampur Hospital and Navyug Hospital.
Residential Real Estate
Popular Residential Areas
- Kotwali Ganj: Known for various homes, good bus services, and proximity to schools and colleges. A 2 BHK apartment here costs around ₹30 lakhs.
- Saijini Nankar: Provides residential properties near the Rampur Junction Railway Station. A 2 BHK apartment starts from ₹18 lakhs.
- Shahbad Gate, Ajitpur, Bilaspur: Also have affordable residential deals and local amenities.
Property Prices
- Residential property rates in Rampur range from ₹2,800 to ₹ 4,500 per sq. ft., making it a budget-friendly option.
- In specific areas like Rampur Jagir, prices start at ₹ 4,375 per sq. ft. and average out to ₹ 11,156 per sq. ft.
Commercial Real Estate
Investment Opportunities
- Koyla: Close to National Highways 9 and 87, it's great for investing in commercial lands for resorts, hotels, or malls. Starting prices hit about ₹6.15 crore.
- Civil Lines: Near NH-24, this area offers opportunities for retail stores, hotels, banquets, office spaces, or commercial plots. Property prices begin at around ₹20 crore.
Types of Commercial Properties
- Good investments include gyms, salons, malls, showrooms, retail stores, and hotels for decent returns.
Things to Consider Before Investing
Budget
- You should establish a budget before searching for properties, including brokerage fees and potential loans.
Clean Neighbourhood
- Pick a clean, peaceful area. Avoid places with conflicts or corrupted political conditions.
RERA Authentication
- Ensure the property is registered under the Real Estate Regulatory Authority (RERA) for transparency and compliance.
PropertyWala's Conclusion
Rampur is a good choice for both residential and commercial real estate investments. With good connectivity, an expanding industrial base, and affordable housing, it balances affordability and future growth potential. The city’s developing infrastructure and job opportunities make it appealing for property buyers and renters. To make a good investment, consider your budget, neighborhood quality, and RERA compliance.