Outline of Sharda Nagar, Kanpur

Positioning and Recognition

Sharda Nagar is a well-known area in Kanpur, famed for its central placement and popularity among people seeking to buy homes or invest. It sports the pin code 208001, placing it in a pivotal and accessible spot.

Types of Properties and Availability

• Living Places: Sharda Nagar has numerous types of homes, namely apartments, cottages, and standalone houses. According to the latest stats, there are 36 homes currently available for purchase here.
• Developments and Projects: Numerous projects in Sharda Nagar are under way or have been completed. These cater to all levels, from affordable homes to luxury apartments.

Real Estate Prices

• Average Cost per Sqft: Properties in Sharda Nagar generally cost around ₹5,491 per square foot, starting at ₹4,961 and reaching up to ₹6,300 per square foot.
• Specific Examples:
  • Standalone houses range from ₹3,688 to ₹4,700 per square foot, varying with size and features.

Price Move

• Year-on-year (YoY) Growth: Over the past year, property values in Sharda Nagar saw a major jump of 8.66%, showing a strong market.
• Trends per Quarter: Prices show steady growth each season, hinting at a positive outlook for both buyers and sellers.

Rental Properties

• Availability: For rent, Sharda Nagar offers houses and villas, with some starting at ₹6,000 per month for a 1.6 BHK house.
• Features: Rentals normally provide amenities like several bathrooms, balconies, and areas starting from 650 square feet.

Investment Chances

• Market Outlook: Current price trends indicate favorable conditions for buying or selling, making it a good moment for investors eyeing Sharda Nagar.
• Growth Potential: The area’s constant price hike and high interest suggest good future returns.

PropertyWala’s Summary

Sharda Nagar, Kanpur, offers a robust real estate landscape that appeals to both buyers and investors. Due to its strategic location, wide range of property choices, and favorable price trends, it’s a prime spot for those looking to dive into domestic property. With stable growth and high demand, it’s a solid option for long-term investment. Rental properties cater to those who prefer temporary or budget-friendly housing. Taken altogether, Sharda Nagar combines cost-effectiveness, luxury, and investment potential.