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Srinagar, Jammu & Kashmir Property Guide
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How India’s Tier 2 cities are growing in response to global real estate trends
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5 Things You Should Know About India’s Ghost Shopping Malls and the Challenges of Repurposing Them
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Get Returns From Real Estate Without Buying Property: Understanding REIT Investment In India
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Is it possible to sell real estate without co-owner approval?
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What do you mean by FERA?
FERA, enacted in 1973, regulated foreign exchange dealings in India. Replaced by FEMA in 2000, which focuses on managing foreign exchange while promoting trade and investments. Key differences include property acquisition criteria, shifting from citizenship under FERA to residency under FEMA.deepshikha -
The finest cement for plastering a home
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Srinagar, Jammu & Kashmir Real Estate News
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What occurs in India if property taxes are not paid for ten years?
Non-payment of property taxes for ten years can lead to severe penalties, legal action, and even foreclosure in India. It's crucial for property owners to understand the implications and address any arrears immediately.supriya -
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CBRE decodes real estate through the spiritual tourism lens
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According to the CREDAI-CRE Matrix report, India’s demand for Grade-A office space will exceed 70 million square feet by 2024.
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India’s Commercial Real Estate Is On Track For Successful Growth This Year
India's commercial real estate market is poised for growth, bolstered by demand for office spaces and increasing interest from NRIs, promising lucrative investment opportunities.supriya -
DLF is one of the real estate companies on the list of the fifteen most valuable companies in India
DLF, Macrotech, and Godrej Properties are highlighted as top real estate firms in a recent Burgundy Private Hurun India report. The sector shows promising growth prospects.supriya -
How can a registered mortgage help the borrower as well as the lender?
This article explains the process of registered mortgages in India, detailing application steps, benefits, and how to remove registrations effectively.supriya -
Land Conversion from Agricultural Land to Residential Land
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Real Estate Overview of Srinagar
Srinagar, the capital of Jammu and Kashmir, has come forward as an appealing spot for real estate investments due to several attractive reasons.
Clean and Charming Environment
Srinagar features a cleaner atmosphere compared to other big Indian cities, with fewer vehicle emissions and a higher Air Quality Index (AQI) because of its placement at a high altitude. The beautiful views, including snowy mountains, green valleys, and saffron fields, make it a captivating place to live and invest.
Lucrative Real Estate Market
The market for real estate in Srinagar is booming dramatically. This growth is because the city has welcomed investments from anywhere in India after changing its laws by repealing Article 370. This has spurred builders to start new residential projects, which makes it a great moment for early investors to seize on increasing property values.
Infrastructure Evolution
Srinagar is seeing big changes in its infrastructure, especially through the Srinagar Smart City (SSC) project. This includes making around 85 new roads, fixing up power supply, and bettering sewage systems, all aimed at enhancing the tourism business and bringing in more private investments. Areas like Lal Chowk are getting major upgrades, such as new shopping malls and business buildings.
Rising Residential Zones
Many spots in Srinagar are becoming major areas to invest in:
- Lal Chowk: This place is central, well-connected by roads, and close to social amenities. It attracts tourists and has many independent houses in different styles.
- Bagh-i-Mehtab: It's near Nowgam-Pulwama Road and National Highway 44, with good access to the airport and the railway station. It has great public transport, low traffic, and safety at night.
- Jawahar Nagar: This peaceful area is linked to Airport (IG) Road and Gogji Bagh Road, has lots of green spaces, and is near major locations like Lal Chowk, the Srinagar International Airport, and Srinagar Railway Station.
Economic Growth and Government Efforts
The city’s economy is shifting from traditional areas like tourism and farming to newer sectors such as dairy, poultry, cement, silk, and handloom. Government projects, including the 'New Central Scheme for Industrial Development of Jammu & Kashmir', have boosted economic activity and led to a ton of new investment proposals worth more than ₹50,000 crore.
Investment Prospects
Investing in Srinagar presents various opportunities:
- Residential Buildings: Good for plots, houses, and apartments, especially liked by young couples wanting to secure their future with real estate.
- Commercial Structures: Shops, guest houses, and small office spaces, plus hospitality projects like villas, hotels, and resorts, especially in spots like Nishat famous for tourist sites.
PropertyWala's Final Ideas
If you're considering buying or renting a property in Srinagar, it offers a mix of natural splendor, enhancing infrastructure, and economic expansion. With real estate just starting but growing fast, now is a prime time to put your money in it. The affordability of property, along with government plans and infrastructural changes, makes Srinagar a strong choice for both residential and commercial investments. Researching neighborhoods and consulting real estate experts will guide you to the best investment chances in this burgeoning market.