Overview of Shahganj, Allahabad

Location and Nearby Localities

Shahganj is a locality in Allahabad (now known as Prayagraj), Uttar Pradesh. It sits close to other significant places such as Akbarpur, Atala, and Kalyanidevi.

Property Rates

Property prices in Shahganj show some differences, but here are a few key points to bear in mind:

• The average cost per square foot is reported to be around Rs. 14,500.
• Across Allahabad, property rates vary, ranging from Rs. 654 per square foot to Rs. 57,419 per square foot, averaging at Rs. 7,354 per square foot.

Types of Properties Available

• Residential Properties: Shahganj features a mix of apartments, independent houses, and villas.
  • For example, there are listings for 2 BHK flats for rent in nearby Civil Lines at reasonable rates.
  • You can also find some under-construction projects and semi-commercial properties nearby.

Price Trends and Appreciation

• The Allahabad property market, including Shahganj, has varied trends.
  • Some sections like Civil Lines have experienced notable year-over-year (YoY) appreciation in property rates, such as a 39.2% rise.

Amenities and Infrastructure

• Shahganj is near several amenities and infrastructure:
  • Close to developed localities such as Akbarpur and Atala.
  • Access is available to educational institutions, healthcare facilities, and shopping areas.
  • There is good connectivity through public transport and road networks.

Rental Options

• If you're looking to rent, there are decent options including apartments and independent houses.
  • You may pay different rent amounts based on the location, size, and condition of the property. For instance, a 2 BHK flat in nearby Civil Lines can be rented for around ₹18,000 monthly.

PropertyWala's Conclusion

Shahganj, Allahabad offers a practical choice for both people wanting to buy and those looking to rent thanks to its strategic position and variety of properties. Though the average property rates in Shahganj are pretty high, the whole Allahabad property market shows some potential for growth. It’s important to do research and compare prices across different areas and property types to make a well-informed choice. Considering the facilities and infrastructure around is also essential to ensure the property meets your needs and expectations.