The holy land of Vishnu, that houses the redeemer Ganges presenting liberation from the cycle of birth and death, makes Haridwar a well-liked tourist location. Hearing the name of this pilgrim site sparkles in our mind the image of the holy land, Ganga aarti, and a delightful image of pilgrims thronging to achieve freedom dipping in the holy Ganges. Over the years, Haridwar has developed extremely turning into a hub for the industrial and manufacturing sectors. These significant changes have through time appealed a lot of people, who wish to invest in property in Haridwar. With the rising demand for flats in Haridwar has brought across to us the question regarding what makes purchasing flats in this pious land a beneficial bet. So, let’s look through a few points.
State regulations favor buying Haridwar is open to investments from people from other states. The government has clearly brought out the buying restrictions, for people living outside the state. There is no restriction on the size of the property if one is buying within the municipal parameters of the cities. However, as per the rules, a person can purchase only 250 sq. meters of agricultural land falling outside the city area. This also signifies that two or three people of the same family can buy co-joined, separate 250 sq. meter land parcels. However, if the agricultural land is within city limits, one has to obey the Land Ceiling Act of the state.
Leasehold model becoming popular
With numerous hospitality chains entering the market, room for rents has also gone up drastically. Thus, a number of home buyers and investors now look at these homes as a source of rental income. The concept of Airbnb-like homestays has now become popular in Haridwar and other cities.
Greater Appreciation Value
From ready-to-move-in flats in Haridwar to those under constructions, the options are in abundance. Besides, this sacred pilgrim space being on the nascent phase of real estate improvement comes along with the potential of appreciating in the future. This investment now in real estate in Haridwar makes it a useful choice that guarantees maximum ROI.
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