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Kanpur Property
Kanpur, the second most populous Hindi-speaking city in India, is one of the oldest industrial cities in the northern part of the country. Various people across India migrate here for studying, as well as for finding employment opportunities.
Kanpur properties are available at very reasonable prices, which is why a lot of investors are currently looking at this lucrative realty market with great anticipation. We are well aware of the fact that the city lodges the famous IITs and other higher educational institutions; hence, students from various places across India opt for well-built houses/rooms at affordable rates.
To give a fair idea of pricing of commercial properties, a 1050 square feet office space at Ashok Nagar costs in the range of INR 28-35 lakhs; if the idea of putting up in a flat or apartment doesn’t please you much, you may opt for an individual house or villa, but then, anticipate the cost of the property to almost double up! The price of an exclusive 150 square yard residential house is estimated to be around Rs. 90 lakhs.
Property Prices in Kanpur
The city is the core of commercial, residential and educational activities. This leading city in Uttar Pradesh is developing at rate that is greater than other cities in terms of retail sector and commercialization.
Not only the demand for commercial property is rising, but even the residential property rates are growing at a brisk pace, and, hence, Kanpur has become one of the hottest destinations for investment. Though, there is always a high demand for properties, especially for the commercial ones, you can still find them within a reasonable price range.
The 400 sq. ft. commercial shops at Arya Nagar, Kanpur, start from Rs. 28 lakh, while a 510 sq. ft. office space in the same area would cost you nearly Rs. 10-15 lakhs. The price of a 1250 square feet 3BHK flat/apartment starts from Rs. 40 lakh.
The city has a good network of road and railway connectivity to other parts of the country and is well connected to metro cities like Kolkata, Mumbai and Delhi through national highways (NH2 and NH25). This has touted firm as one of the important reasons why the industrial sector has boomed well.
Apart from textile, plastic and leather industries, the chemicals and engineering industries are also operating in Kanpur. Availability of cheap and skilled labor, and aptitude has made the city a hot spot for new establishments.
A 4000 square yards residential land at Bithoor, Kanpur, would be above INR 1 crore, while a well-built 3BHK villa orbungalow at Bithoor is available for around INR 30 lakhs.
Commercial Properties in Kanpur
The city is known as the commercial hub of the state, and with growing commercial activities in and outside the city, Kanpur property market has witnessed a splendid rise in rental. The entire procedure of purchasing properties in Kanpur is very systematic because various reputed public and private real estate builders are enthusiastically involved in the markets of commercial and residential real estate.
You can find both commercial and residential property in Civil Lines, Kanpur; the price of a 1900 square feet 3BHK flat is Rs. 80 lakh, while a 300 square yards 5BHK individual house is INR 1.5 crore. Rent of a 4000 square feet office space is estimated to be Rs. 1.8 lakhs and the rent of a 550 square feet office space is around Rs. 35,000.
Major Projects in Kanpur
Anoop Asthana Properties (P) Ltd is one of the leading real estate builders at Kanpur for more than 10 years, and they are coming up with several good projects which can be a great place to invest in.
2080 square feet 3BHK residential apartments in Swaroop Nagar, Kanpur, are under construction and are likely to be taken up for possession by the year 2015. The accommodation pricing starts from INR 1 crore, and this is going to be one of the most prolific projects in the Kanpur real estate market.
3BHK flats in Indira Nagar, of about 1660 square feet area, cost around Rs. 37 lakhs, and 3BHK flats with modern amenities that are under construction at Singhpur are priced at Rs. 31 lakhs (with total area of 1500 sq. ft.).
Kanpur real estate market is growing at an amazing rate in the present economy. This is definitely the right time to invest for all those willing to go in for a profitable investment with a high ROI.
