
Real Estate has always been one of the most lucrative and good return yielding asset class for investors. The basic rule is to invest in some developing area. Udaipur is indeed a rapid growing city of Rajasthan; hence it is coming up with many projects, colonies and housing societies. Few facts prompting people to put their money in Udaipur city, so here are
top 8 reasons to invest or buy a land in Udaipur.
- Close Knit Till now Udaipur is not a wide spread city. It is spread in a radius of average 5-7 Kms. This is helpful in risk avoidance, in many instances buyer can meet seller and check the authenticity of the deal.
- Education Hub With the IIM-U many other engineering and management colleges are coming up in Udaipur. At present 4 Universities are situated here. M.L.S.U., Janardhan Ray Nagar Rajasthan Vidyapeeth University, Agriculture University and Sir Padampat Singhania University’s campus is hardly 25 Kms away from the city.
- Tourism Udaipur is no doubt a favorite destination of foreign and domestic tourists.
- Less Investment More Return Udaipur is in the initial phase of Development, not big corporate houses haven’t come down to city yet. Therefore prices of land are very low in a radius of 10 Kms rates are about 300 Rs per square feet and at a distance of 15-17 kms they are much cheaper for 100 Rs per square feet. Annual appreciation is at least 18 % for converted plots. If someone invests a large amount in agriculture land he can expect a good return.
- Serenity If someone wishes to spend a peaceful life post retirement Udaipur is just meant for him. Or you are tired of hussle-tussle and speedy life of Metros you can buy a farmhouse, spend your vacations here and let your soul rest for a while.
- Living Standard Don’t worry about living standard City is equipped with modern trade centers like malls and supermarkets, Good schools and colleges have already arrived and Hospitals with all facilities can also be found in Udaipur.
- Connectivity It is proposed to have international flights from Udaipur Airport as it is recently renovated. Udaipur is only 250 Kms far from Ahmadabad from where few of the international flights can be boarded. Because of good roads it takes only 4-5 hours by car. Four lanes express highway connecting Chittor, Bhilwara and Ajmer to Jaipur is proposed to be converted into 6 lanes.
- Availability of Land For buying residential plots Hiran Magri Sector 9,14, Jhamar Kotda Road, Bedla, Bhuwana and Dabok Road are prime locations, For farmhouse Badi Pond Road and area nearby is good.
All these reasons make the city attract many small and large investors to invest in. Please put your opinion or any more reasons you find to invest in Udaipur.