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Real Estate Market in Raipur

Raipur became the capital city of Chhattisgarh after being carved out from the state of Madhya Pradesh in the year 2000. It is the largest city in Chhattisgarh and a fast developing industrial sector. The city is well connected to Mumbai, the commercial capital of India. This is one reason why Raipur finds itself in an advantageous position in terms of business connections. The accessibility of the places is what makes the real estate market in Raipur a developing one.

 

The city is centered along the Mahanadi River on the east, Maikal Hills on the North-west, the Chhota Nagpur Plateau to the North and Bastar Region towards the south, Raipur enjoys a good terrain, weather, and connectivity. It is directly linked by roadways and railways to Howrah, Kolkata, Dhanbad, Asansol, and Ranchi.

 

Residential projects in Raipur 

Although the major projects have been taken up in the Naya Raipur region yet there are other places that are also experiencing a change in terms of developments in the real estate market in Raipur. In the below table you will find few such properties.

Project Location Prices
Vikram Residency Abhanpur Rs 18 lakh- 3 BHK
Jainam Planet Tatibandh Rs 17 lakh- 3 BHK
Avanti Gardens Dal Dal Seoni Road Rs 15 lakhs – 3 BHK
Bimal Enclave Bhanpuri Rs 10-12 lakhs- 2 BHK

 

Commercial projects in Raipur

Being a traditional commercial city and also the administrative headquarters of Chhatisgarh state, the demand for commercial property in Raipur is great. The real estate builders in Raipur are increasingly trying to expand the commercial real estate market in Raipur.  The demand for various small-scale industries in the city like oil milling, electrical welding, and soap manufacturing is influencing Raipur realty to a great extends. The residential market in  Raipur is further developing because of commercial demand.

 

There are professional coming to Raipur to explore career opportunities. The housing market in Raipur is also improving in terms of rental accommodations which are one of the cheapest in the city. Though Raipur is not a metropolitan like Kolkata, delhi, and Mumbai, even then it has its own housing needs that is more commercial in nature. Office spaces are comparatively cheaper and this is one reason that several companies are willing to open at least a business centre or a branch office in Raipur.