Several people who are now looking to invest in India property are now looking to buy property in tier 2 cities like Raipur. The city has managed to attract huge investments in the last few years as a result the demand for residential properties in Raipur like apartments in Mathpurena, apartments in Avanti Vihar, etc. has increased by manifold in the last few years. End-users as well as investors are keen to invest in property in Raipur as the city is going to undergo huge development in the coming few years.
The city has managed to attract a lot of investors after the announcement made by the chief minister which made buying a property in Raipur much easier. Recently Chhattisgarh Chief Minister Raman Singh had announced a special 10 % discount for those buying a property in Raipur which have been constructed by the state housing board. Earlier the scheme was applicable to only government employees but now looking at the slump in India property sales the state government has extended the discount to everyone.
After the announcement the sales of residential properties in Raipur like apartments in Mathpurena, apartments in Avanti Vihar, etc. have gone up drastically.
All the people who were looking to invest in India property are now looking buy residential properties in Raipur like apartments in Mathpurena, apartments in Avanti Vihar, etc. as the property here is highly affordable and another 10% discount makes property buying a must and a steal deal. With the interest rates coming down significantly several investors are now keen to invest in residential properties in Raipur like apartments in Mathpurena, apartments in Avanti Vihar, etc. The RBI governor has reduced the repo rate which has reduced the interest rates of home loans.
Affordable prices of property in Raipur and lowering of EMI rates has further fueled the demand of real estate in the city. People who were looking to buy their first India property are turning towards the city. In the last few years the city’s properties have given huge appreciation.
Several premier healthcare and educational institution have also opened up in the city which has promoted inward migration. Raipur is also India’s largest iron market, and the largest commercial centre in Chhattisgarh. The city is witnessing huge development and state government too is taking a keen interest in making the city a smart city.
No wonder investors are looking to invest in property in Raipur so that they can enjoy high ROIs.