Pondicherry Property

Pondicherry is located on the eastern coastline of India, and it has been regarded as a copy of Medieval France in the country. It is a union territory having a fair infrastructure for additional growth of the region. The place provides sufficient power, water and labor supply, united with huge land treasury for development. It’s a favorite weekend hang-out for IT professionals working in Bangalore, since it is located merely 300 kms away from it.

It hardly takes 6-7 hours to reach Pondicherry via road, and most folks seek to purchase a weekend home or a holiday home in a place like Pondicherry.

This has compelled many builders and developers from all over the place in India to come and invest in the Pondicherry real estate market. Any form of property in this place will be really be a valuable investment today, since the entire market is presently on the edge of a significant transformation.

In comparison to other real estate markets, Pondicherry properties are still very much affordable, and thereby prove to a promising investment prospect for all builders. As the industrial segment of the region further spreads out, there can be a huge increase in demand for both residential as well as commercial properties in the union territory.

Several leading corporate giants, including IBM and Wipro, have already entered the Pondicherry industrial zone which has given a huge boost to the various real estate activities in the region. Also, this has led to a good influx of many other hardware professionals into this part of India, which has, in turn, resulted in high demand of residential properties in Pondicherry.

In order to help the growth of industrial area, the government has taken various measures to develop better road connectivity within the region. The main cities and towns which have been reported to have great demand in the listings of Pondicherry property include Mahe, Ariyankuppam, Karaikal, Ozhukarai and Kurumbapet.

The Pondicherry Industrial Promotion Development and Investment Corporation have been providing huge industrial units finance and trade capital loans of up to Rs. 400 lakhs. This boost has given a significant boost to the demand for industrial properties in Pondicherry.

It has been believed that the Pondicherry real estate holds the first place in the list of investors, aspiring to purchase properties in the vicinity. With its lengthy beach border of the Bay of Bengal, swaying palm trees, sun-baked beaches and Auroville Township, Pondicherry attracts every peace and nature lover.

It is a stunning and captivating tourist location where all vacation enthusiasts can delight themselves with a very special holiday experience. Some of the major tourist attractions of this region include Pondicherry Museum, Sri Aurobindo Ashram, and Sacred Heart Church. Real estate activities are taking place at a good rate at all these main tourist attractions, and it would be a wise idea to invest at such locations to ensure fool-proof returns.

If you compare land property rates of this region with other surrounding regions, then Pondicherry comes out as the most affordable option, which is why we suggest you to invest in a piece of Pondicherry property today.

Over the past few years, government has been able to bring about huge improvements in terms of its standard infrastructure facilities that have served as the basic foundation for the growth of industrial sector in the region. The industrial segment of Pondicherry has witnessed immense growth by shooting up to impressive 45.77 percent from 33.62 percent.

Upcoming Pondicherry Infrastructure Projects

The Union Minister of Shipping has approved the project for development of excellent road facilities in the state. The board has sanctioned a hefty amount of Rs. 461.21 lakhs for improving the quality of Pondicherry NH-45A. This is expected to have a positive effect on the growth of industrial sector in the region as the highway stretch passes through many leading industrial segments. Currently, the ‘per square feet’ rates in these regions are pretty low, and you may want to grab a piece of land at such places, because the rates are bound to shoot up in the near future.

The State Government is developing an Integrated Infrastructural Development Centre at an estimated cost of around Rs. 720 lakhs in a total area of nearly 100 acres at Sedarapet. This centre is coming out to promote a group of small scale, and tiny industries with an objective of generating more employment opportunities, and to uphold a strong connection between industry and agriculture with all essential technological support and infrastructure.