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Uttarakhand Real Estate – Moving Towards the Best

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Uttarakhand — The “Land of God” (known as Uttaranchal from 2000 to 2006) is one of the most beautiful and enchanting states of northern India. Blessed with breathtaking natural beauty, rivers and many mountains, this state has been the heaven for people seeking solace in spirituality and a paradise for adventure lovers. Nestled in the Himalayas, Uttarakhand mainly depends upon its tourism industry that generates huge revenues for its economy. There is no dearth of tourist hot-spots in Uttarakhand. For everyone, there is some place to visit whether you are interested in pilgrimage, spirituality and adventure sports or camping. The tourist places that are hit with visitors are Dehradun, Nainital, Almora, Uttarkashi, Chamoli, Rudraprayag, Haridwar and Tehri Garhwal.

But with the recent real estate boom in India, even Uttarakhand is swarmed by dozens of real estate builders, who want to encash on the vast natural beauty of the state. Mushrooming of the malls in cities like Dehradun, Mussoorie and Nainital have raised the bar for land prices in these cities to almost fifty times in some cases. Anticipating further rise in the price for residential and commercial properties in Uttarakhand, major and smaller real estate developers are jostling hard to grab the land at the earliest before rates move up.

Property developers can measure the potential of Uttarakhand real estate industry from the mere fact that a small hilly town like Rudrapur has attracted a whopping $2 billion investment in real estate sector.
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