Udaipur, the place to invest in the time of pandemic!

The global pandemic has affected real estate market across India, Udaipur being one of the famous tourist spots in India have seen major changes in its real estate sector and other sectors as well. The Real Estate in Udaipur after second wave of Covid-19, various real estate companies in Udaipur launched new projects in the market. The Survey shows that thirty-five percent of the total population in Rajasthan will live in urban areas by 2050. The population projection made by National Commission Of Population states that desert state is fast tilting towards urban areas. A SMART city document related to Udaipur city points out that city receives over a lakh floating population from villages in a range of 50kms. The areas beyond 50 kms add up in the slum areas. “Our study say that if a network of roads can be created, the population which could add burden to the urban space will turn into a floating population” said Reepunjaya Singh, professor, urban development, Rajasthan Institute of Public Administration.

After being suffered from years of pandemic, the real estate market in Udaipur is all set to grow. The builders and developers are being part of this upscale market and have launched various offers and cut down in the home loan interest rates. The mortgage loan interest rates is all time low and various NBFCs & banks have launched offers, which resulted into more real estate sales post-pandemic

Various foreign investors are looking to invest in Udaipur, due to city’s global popularity and ever rising tourism market. Everyone wants lakeside property for their weekend home, most of the property sales can be seen in agricultural land and plots mostly located in the outskirts and nearby International Airport. Investors nowadays prefer building farmhouses and switching to organic farming away from the hustle bustle of the city. The weekend homes and café build in classic bohemian style is a ongoing trend in real estate In Udaipur.

The entrepreneurs across India are looking forward to expand their businesses in Udaipur in hospitality sector. Also, Singapore Enterprise Corporation and Rajasthan Housing Board jointly came up with a plan to develop massive 100 acres township that will be built in scented with Singaporean Architectural Style and culture. The township is planned on Airport Road, Udaipur & in Jodhpur. Udaipur being the prominent destination and one of the royal city in Mewar has attracted business tycoons into investing in real estate. Haiqu Quartz has invested over USD 11 million to establish a plant to develop premium polish for the Quartz (which is one of the hardest material on the planet) surfaces in Udaipur. This will be the joint venture between Gattani Group and Aravali Group.

Real estate experts and analysts have predicted that with the up scaling real estate investments by Foreign investors, the realty scenario is going to shoot up in upcoming 5 to 7 years. Various high end projects and luxurious hotels and resorts are under developed. This development will result in better opportunities for both investors and residents.

As concluded, If you are looking for better real estate investment opportunities in the city of lakes Gokul Properties would love to cater your needs to make your overwhelming experience of owning a home come true. We are leading Real Estate Company in Udaipur that has customer centric approach and will showcase the best real estate that suits your requirement, satisfaction and are not too hard on your pocket.