Best property in Chhattisgarh for investment

Best property in Chhattisgarh for investment

The thriving state of Chhattisgarh is home to advancing industrial and agro sectors, making it an attractive site for investors. With growing opportunities in the state, the real estate sector is also witnessing a boom. It is essential to consider the factors that increase the demand for certain properties in the state to identify investment opportunities. Here are two things to consider while looking for the best properties in Chhattisgarh for investment:

Connectivity: Look for well-connected properties that are closer to important roadways. Properties like that often tend to be a central attraction for families looking for a stable future, thus increasing the demand for residential and commercial properties. Industrial growth and rising commercial activities also contribute to the increase in residential establishments. Therefore, a well-connected infrastructure is needed to accommodate these demands, such as that available in Bilaspur.

For instance, the two smart townships currently being established in Bilaspur by PR Estates are an ideal example of such residential properties. Usha Valley and Usha Upwan are strategically placed to offer good connectivity. Moreover, these townships are fully equipped with all the necessary amenities, making them a popular choice for families.

Return on Investment: With the current growth trends in Chhattisgarh real estate, investing in residential and commercial properties can yield a good return on investment (ROI) over time. Property size, management, and maintenance costs can also affect the ROI positively if assessed properly. Some regions offer tax incentives for real estate investment, such as deductions for mortgage interest and property taxes. These can positively influence the overall ROI.

“Tough times don’t last. Tough people do.”

Gregory Peck

Legal approvals: needless to say, the best properties to invest in are the legally secure ones. Carry out the legal verification process before investing in real estate. This will ensure that the land will not be liable for any government action in the future. Check for T&C approvals and RERA authorization of such properties.

Having learned about the crucial factors that should be considered while investing, let us look at the areas that offer the best investment opportunities.

Properties in Bilaspur and Raipur are under the spotlight for meeting the criteria of the best properties. Raipur, being the state capital, naturally attracts attention. However, Bilaspur is rapidly emerging as the investor’s favourite. Bilaspur not only offers several natural and historic attractions but also a well-connected city infrastructure. At the same time, it houses the educational hub, school infrastructure, and health infrastructure. City Mall 36 is its popular entertainment center. Bilaspur is also important for housing the headquarters of the South East Central Railway.