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Overview of Roorkee

Roorkee is nestled in Uttarakhand's Haridwar district. It's turned into a place many look to buy or rent properties from, thanks to its big strides in development.

Location and Connectivity

• The city is found along the Ganges canal, close to both Dehradun and Delhi, ensuring great access to top cities.
• A new railway line is planned to connect Roorkee to Deoband, which will cut the time it takes to travel between New Delhi and Uttarakhand.

Economic and Industrial Development

• Roorkee has transformed into a major industrial spot with more than 100 businesses and corporate offices run by the State Industrial Corporation of Uttarakhand.
• It's also home to top research centers, the National Institute of Hydrology, Irrigation Design Organisation, Central Building Research Institute, and IIT Roorkee, plus more, all enhancing its educational and industrial worth.

Infrastructure

• Roorkee is seeing huge improvements in infrastructure. Projects include adding four lanes to NH-58 and opening an electronic waste recycling plant.
• The city has ongoing urban projects, like a new planned sewerage system, helped out by IIT-Roorkee.

Property Market

Price Trends

• Starting at Rs. 1,428 per sqft, properties in Roorkee have an average rate of Rs. 3,933 per sqft, with luxury ones topping out at Rs. 11,111 per sqft.
• You might notice a year-on-year dip of 7.83% in property prices; this shift might be good news for prospective buyers.

Popular Localities

• Ramnagar: Famous for its residential zones, with costs typically around Rs. 2,909 per sqft.
• Civil Lines: Known for its high property rates, with an average of Rs. 6,980 per sqft.
• Bhagirath Kunj: More costly, seen at Rs. 16,315 per sqft.
• Main Haridwar Road: Offers prices from 40 Lac to 2 Cr, at Rs. 1,397 per sqft on average.
• Dehradun Road: Features range from 22 Lac to 86 Lac, costing around Rs. 4,415 per sqft, on average.

Property Types

• Residential Properties: You can find apartments, independent houses, villas, and plots. Expect prices differing based on location and property type. To give you an example:
  • Apartments start at Rs. 22 Lac.
  • Independent houses start from Rs. 23 Lac.
  • Plots vary from Rs. 18.75 Lac to Rs. 86 Lac.
• Industrial Properties: Industrial plots can also be found, prices ranging from Rs. 61 Lac to Rs. 2 Cr.

Amenities and Services

• Essential amenities in the city have advanced, featuring organized residential and commercial areas, townships, and solid civic management.
• Power is supplied reliably by the Uttarakhand Power Corporation Limited (UPCL), and the water, managed by the Uttarakhand Jal Sansthan (UJS), has earned accolades for its progressive approaches.

PropertyWala's Conclusion

Roorkee makes a strong case for both home buyers and property investors. Its mix of budget-friendly and luxury homes, enhanced infrastructure, and flourishing economic and industrial scene offer a great place for both residential and commercial interests. The market's price changes and year-on-year decline make this a good time to think about buying. Moreover, Roorkee’s strategic spot and ongoing development projects boost its allure, making it a top pick for those looking to live or invest in the area.