Featured Agents Varanasi, Uttar Pradesh
Varanasi, Uttar Pradesh Property Guide
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Union Budget 2025: Key Takeaways and Impact on Real Estate
The Union Budget 2025 focuses on economic resilience, tax reforms, and infrastructure development, significantly impacting India's real estate sector through various incentives and policy changes. -
How India’s Tier 2 cities are growing in response to global real estate trends
India’s Tier 2 cities are emerging as prime real estate destinations, driven by smart initiatives, sustainable practices, luxury developments, and improved connectivity. -
Real estate hotspots: Among the holy places with rapid development are Ayodhya, Varanasi, and Puri.
India's real estate is set for a boom, with 17 cities, including spiritual hubs, poised for growth. Government policies, infrastructure, and tourism are key drivers, attracting significant investment and transforming smaller cities into dynamic economic contributors. -
5 Things You Should Know About India’s Ghost Shopping Malls and the Challenges of Repurposing Them
India's retail landscape is shifting, with Grade A malls thriving while Grade C malls face high vacancy rates. Many struggling malls are being repurposed due to evolving consumer preferences and the rise of e-commerce. -
Get Returns From Real Estate Without Buying Property: Understanding REIT Investment In India
REITs in India offer investors a way to access the real estate market without direct property ownership. They distribute significant earnings as dividends, making them attractive to income-seeking investors. Learn how REITs work, how to invest, and key players in the Indian market. -
Is it possible to sell real estate without co-owner approval?
Selling jointly owned property in India requires the consent of all co-owners. Legal action can be taken if a co-owner sells without consent. This article explores the legal aspects of selling jointly owned property and the differences between co-ownership and joint ownership. -
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. -
The finest cement for plastering a home
Cement plastering is crucial for durable walls and a smooth finish in construction. Portland Pozzolana Cement (PPC) is often preferred for its water resistance and superior finish compared to Ordinary Portland Cement (OPC). Various cement grades cater to different construction needs, with Grade 33 commonly used for plastering.
Varanasi, Uttar Pradesh 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. -
Enhancing Jaipur’s High-End Properties: The Unique Perspective of Akshat Developers
Jaipur is emerging as a luxury real estate hotspot. Akshat Developers' Sawai project epitomizes this trend, offering opulent villas and apartments amidst landscaped gardens and modern amenities. -
CBRE decodes real estate through the spiritual tourism lens
A new report reveals how retail chains are capitalizing on rising spiritual tourism in 14 Indian cities, highlighting trends and growth opportunities in the sector. -
According to the CREDAI-CRE Matrix report, India’s demand for Grade-A office space will exceed 70 million square feet by 2024.
In Q1CY24, Grade A office space demand in India surged, driven by key cities. CEDAI predicts demand will hit 70 MSF by 2024, supported by economic growth. -
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. -
Shops, homes, and faith: places of worship ready for a surge in visitors
Retail boom in India impacts religious tourism. Tourists seek experiences beyond customary activities, driving growth in cities like Ayodhya and Varanasi. -
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. -
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.
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Varanasi: A Thriving Real Estate Spot
Varanasi, one of the oldest continuously inhabited cities globally, is making waves that turn it into a hot spot for real estate investment and living.
Infrastructure and Evolution
Varanasi shines under the Smart Cities Initiative by the Union Government. This means better roads, updated public transport, and top-notch basic services like power and water supply. Big improvements also include a new Rs 2,869.65 crore plan to enhance Varanasi Airport, swelling its passenger capacity to 9.9 million.
Key developments cover the Kashi-Vishwanath Corridor, a speedy three-lane highway between Varanasi and Ghazipur, and robust investments in famous schools like Banaras Hindu University (BHU).
Hot Spots for Property Investment
There are several prime areas in Varanasi bursting with potential for real estate investment.
- Shivpur: Famous for luxury homes, with average prices hitting Rs 5,000 per sq ft. It’s close to major industrial spots like Bharat Heavy Electricals Limited (BHEL) and gets a boost from the proposed Varanasi Metrolite Project.
- Chitaipur: A mid-tier residential area with strong links to major highways and Varanasi Junction Railway Station. Growth is likely with the new Metro Line linking BHEL and BHU.
- Paharia: Rising as a notable real estate target with expanding infrastructure and an ideal spot. You’ll find standalone houses and apartments with prices from Rs 48 lakh to Rs 1.48 crore.
- Babatpur: A new hotspot near Varanasi Airport, boasting easy access, affordability, and growth potential. It’s well-linked by the Varanasi-Lucknow Highway and State Highway 98.
Rent and Economy
As a tier 2 city, Varanasi provides lower living costs than tier 1 cities, making it appealing for luxury seekers on a budget. Its rental market's growth, fueled by tourism and being an education center (with institutions like BHU, Ashoka Institute of Technology, and IIT BHU), makes it perfect for rental property investment.
Property Trends and Prices
Varanasi hosts a mix of apartments, independent houses, villas, and builder floors. The usual property price is about Rs 7,437 per sq ft, with rates from Rs 1,875 to Rs 66,747 per sq ft, influenced by the area and property type.
Comforts and Lifestyle
Varanasi's real estate gets a lift from excellent services, educational facilities, and rich cultural scenes. High-quality residential projects, including Rudra Saubhagyam Harhua Varanasi, offer best-in-class services that appeal to long-time and new residents, especially young folks blending timeless beauty with modern features.
PropertyWala's Advice
Thinking about picking up property for buy or rent in Varanasi? This city ticks all boxes with its old-world charm, modern luxuries, and booming growth path. With constant infrastructure upgrades, a bustling rental market, and lots of affordable to high-end homes, Varanasi offers a reliable and profitable real estate investment. Whether you're hunting for a family-friendly space or eyeing rental returns, Varanasi’s dynamic property landscape is a stellar choice.