Property & Land Price in Nainital Vs Major Cities in Uttarakhand
Do you know of an Indian hill station that resembles a European hill station?
For a clue, it is located in the state of Uttarakhand in north India…
Yes, you guessed it right, Nainital!
Uttarakhand is known for its places of spiritual interest and Nainital is one such place too. According to Indian legends, Nainital is a revered hill town. It is situated in the foothills of Himalayas at an altitude of 6837 ft.It features as one of the top 5 hill stations in India, as per internet sources. The highest peak of Uttarakhand, Nainapeak is situated here.History says that this town was the summer capital of the United Provinces during the rule of British.
Coming to the present day, Nainital is a fast-growing real estate destination. Favourable governmental policies allow outsiders to buy property in Uttarakhand.What makes this place special?Crystal clear lakes, snow-capped mountains and tall standing pine trees!The beauty of Nainital is best experienced in person, which is why investments in properties in this tiny hill station are growing at a rapid rate due to soaring summer temperature and stress level of city dwellers in North and Western India and their thirst for a relaxing environment at the lap of Mother Nature.To understand the exact position of this hill station from the real estate perspective, let us compare its property prices with major cities.
The following data has been compiled from trusted sources on the internet as of May 2021.
Let’s begin with residential land price.
Land price in Nainital Vs Major Cities
The average price for residential plots in top localities inDehradun, Haridwar, Rishikeshand Roorkeeare as shown below. The respective areas considered are
- Dehradun–DandaDhoran
- Haridwar – Jwalapur
- Rishikesh– Ram Nagar
- Roorkee–Rajendra Nagar
The prices are compared with average land price in Mukteshwar, Nainital
The unit is in Rs. / sq. ft
Builder floor price in Nainital Vs Major Cities
The average price for builder floor in top localities in Dehradun, Haridwar, Rishikesh and Roorkee are as shown below. The respective areas considered are
- Dehradun – DandaDhoran
- Haridwar – Jwalapur
- Rishikesh – Virbhadra Marg
- Roorkee – Ramnagar
The prices are compared with average builder floor price in Mukteshwar, Nainital
The unit is in Rs. / sq. ft
Apartment price in Nainital Vs major cities
The average price for apartment in top localities in Dehradun, Haridwar, Rishikesh and Roorkee are as shown below. The respective areas considered are
- Dehradun – DandaDhoran
- Haridwar – Jwalapur
- Rishikesh – Virbhadra Marg
- Roorkee – CBRI colony
The prices are compared with average apartment price in Bhowali, Nainital
The unit is in Rs. / sq. ft
Independent houses / villa prices in Nainital Vs Major Cities
The average price for independent house in top localities in Dehradun, Haridwar, Rishikesh and Roorkee are as shown below. The respective areas considered are
- Dehradun – DandaDhoran
- Haridwar – Jwalapur
- Rishikesh – Virbhadra Marg
- Roorkee – Cantonment
The prices are compared with average independent house price in Bhowali, Nainital
The unit is in Rs. / sq. ft
What do we infer?
- Nainital is an economic real estate destination for people from North and Western part of India who wish to invest in a hill station at Uttarakhand
When compared with Major cities, the property rate in Nainital is as given below
- One can buy land in Nainital at 31% of the price in the state capital (Dehradun)
- Apartment prices are24% lesser than Dehradun
- When it comes to a plot in Nainital it is about 69% lower than that of the price in Dehradun
As compared to its nearest city,
- Builder floor prices in Nainital are only 55%of the price inHaridwar
- One can buy Independent houses in Nainital at only 28% of the price in Haridwar
Apart from the price point, what makes Nainitalclick as aninvestment or second home destination?
- High quality food grains, fruits and vegetablesproduced locally in Nainital are favoured by its residents
- The weather is conditioned to be pleasant through summer. Maximum temperature is less than 25°C
- Nainital appeals to a broad audience. It suits people who seek a quiet place for relaxation on the other hand it amuses people with its scope of adventure activities.
Are you interested to buy property in Nainital?
There is no doubt it will be a dream of every one to own a second home in Nainital to experience the true beauty of Himalayas. Now any Indian living outside Uttarakhand can also buy a property there with few limitations. If you are interested to buy a Nainital property, better understand about your eligibilities and restrictions or Contact the hill station property experts like Hills & Wills. Having established a strong hold in South Indian hill stations, the company has proudly diversified its online property advertising offerings across India. To get the best of Nainital property rates or to buy/ rent / sell property in Nainital at ease, visit www.hillsandwills.com online property portal exclusively for hill station real estate across India.
Want to sell property in Nainital at ease?
Nainital is not only preferred by the people in Northern part of India but across the country due to its unparalleled beauty, experience of Himalayas and mythological tie. Conventional off line advertisements has limited reach and nowadays it is better to advertise property online for sale which has reach beyond territory and the chances of quick sale is possible. There are many online platforms for this purpose, but Hills & Wills is exclusively for hill station properties alone and most viewed website for hill property buyers and tenants. If it is a Nainital property, Post Ad for free on Hills & Wills for sale as well as rent to get the best and quick result.
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