Is this the right time to invest in Dehradun property?
Dehradun’s real estate market is booming, thanks to its reputation for retirement homes, vacation homes, and holiday homes close to Delhi and NCR. People from neighboring cities are very interested in purchasing a house, villa, farmhouse, or apartment in Dehradun, and rental trends have proven to be very appealing to many interested buyers. There are many reasons why you should consider investing in Dehradun:
Is this the right time to invest in Dehradun property?
- If you want to buy land for a shop, Flat, or some small business, then Near Rajpur Road or ISBT would be the place you should go for. It is because of Crowd and the location. Near Rajpur Road, there are colleges in the distance, due to which the student crowd is never-ending, and you can start a small business like a restaurant or rent PG, etc. Near ISBT, there is a huge crowd due to the college and a public place for boarding to the different places, so you can have a small shop over there and easily break even your investment in a few years.
- If you want the land for building your dream home or any fancy farmhouse you have to think of, then places near Mussorie-Rajpur Road would be the right. It is because of the locality and premium image of that place. You will have access to the places a person needs daily, like a mall and good schools for children; it is near Mussoorie, Sahastradhara, and so many beautiful places. So before buying, sit and think wisely because the land is like gold nowadays 😛 Once you buy it, either its rate increases, or you regret it because of an unsatisfactory decision.
1. Delhi-Dehradun Expressway
The last 20 kilometers of the Delhi-Dehradun Expressway pass through the sustainable and environmental zone of Rajaji National Park. Once finished, the expressway will reduce the journey time from Dehradun to Delhi from 6 to 2.5 hours and from Delhi to Haridwar from 5 to 2 hours. Travel time is important these days, and only 2.5 hours to Dehradun will encourage more people to invest in vacation homes. Suppose you have a job or business in Delhi. In that case, you can easily travel to Dehradun to enjoy your cozy weekend with your family and friends in your vacation home while enjoying the beautiful scenery of the hills with the famous bun Tikki!
2. Consecutive Rise in Property Prices
After the completion of the Delhi-Dehradun expressway and smart city development, there will be a significant rise in the price of properties and rented apartments. If we see the past trend in the price of an apartment in Sema Dwar, in April 2021, the apartment rate in this area was around Rs. 4,650/sqft, and now it’s around Rs. 4,970/sqft.
- Sahastradhara Road has seen a 34.2 % appreciation with a 6% rental yield in the last three years.
- Kulhan has seen a 33.7% appreciation with a 6% rental yield in the last three years.
- Mussoorie Road has seen a 21.82% appreciation with a 4% rental yield in the last three years, according to data from 99 acres dated August 22, 2023.
Data/Image Source: 99 acres, dated August 22, 2023
3. Destination: Work from Home
Several people in the COVID-19 pandemic had the benefit of working from home. When we were in a pandemic, and many offices have benefited from their employees working from home. Many people who are working from home are now traveling and working simultaneously. Dehradun is one of the best hill stations where you can work and enjoy the breathtaking beauty of the hills and the environment.
क्या मैं देहरादून में प्रॉपर्टी खरीद सकता हूँ?
4. Smart City Project
Dehradun’s smart city project in 2017 has significantly improved overall progress. The project, which aimed to boost the standard of living in the city, significantly impacted the Dehradun real estate sector.Surveillance cameras can help residents of Dehradun feel safer and respond to incidents faster. License plate recognition, connected crime centers, and body cameras can provide departments with detailed and accurate data.
These technologies complement one another to make the communities of Dehradun feel safer.The city’s Dehradun smart city project will enhance the city’s architecture to enhance drainage and sewage facilities. The plan also includes smart toilets, electricity, and water supply systems.
5. Rising Job opportunities in Tier 2 cities
After the pandemic, IT firms are no longer limited to major cities and actively seek opportunities to establish bases in Tier II cities. It could be a golden opportunity for those looking to work and enjoy the beautiful hills of Dehradun. Furthermore, with the completion of the Delhi-Dehradun Expressway, there will be a boost in employment in the city.
6. One of the best educational systems
There is academic excellence in the air of Dehradun due to prestigious institutions such as the Ecole Globale International School, Welham Girls’ & Boys’ School, Doon School, etc. Academic institutions provide high-quality education, and students can expect low pollution and a pleasant study environment.
What is the best place to buy a house in Dehradun?
Friends, every person has different conclusions about every field. If you like a place, it is not necessary that others will also like it. Everyone’s choice is different, like your wife’s choice may not match with yours many times. Nevertheless, we are telling you some of the best locations to buy property in Dehradun with their pros and cons. Let me summarize some good areas.
1. Dalanwala
Pros
- Old settled area
Cons
- Very expensive
- Roads are not wide
- No parks
- No greenery. The only greenery you will find is inside old houses
2. Sahashtradhara Road
Pros
- Cheap, comparatively
- Greenery and a good view of Mussoorie
- Still underdeveloped
Cons
- The entry from survey road is the worst road you could find anywhere, period
- The colonies are being built rapidly, and flats are coming at breakneck speed. Near the IT park
3. Rajpur Road
Pros
- The mall road of Dehradun
- Good view of Mussoorie oriental
- Greenery, at least in some upper stretches
Cons
- Very expensive
- Very crowded due to being mall road of Dehradun
4. Vasant Vihar
Pros
- lots of green areas
- Green lung area of FRI and IMA next door
- Comparatively cheaper
- Wide roads and houses close to one another create space.
- Availability of parks
Cons
- Only class 1 gazetted officers can buy in Vasant Vihar. But you could buy in the nearby indra nagar area.
Conclusion – Is this the right time to invest in Dehradun property?
As I’m a resident of Dehradun, I can give you the answer to this question correctly. If you are planning to buy a house in Dehradun, you should go to Sahastradhara Road, the area is quite amazing and is located in the main city. You’ll get all the facilities near you, and the most important thing is you’ll come a little closer to Mussoorie also 😅.
Secondly, you can also go for Rajpur Road if you have a nice budget. The property over there is quite expensive. Rajpur Road is a Porsh area. Mostly business-class people ( rich people ) live there.
Third and my favorite is Vasant Vihar. The area of Vasant Vihar is near the Indian military academy. The area is quiet Porsh, and the roads are also very good. I love walking over there.
So these are some of my suggestions, else there are many more places to buy a house in Dehradun. But these 3 are my favorite, and you’ll get all the facilities and the best schools and colleges.
Is this the right time to invest in Dehradun property?