Buying Property in Bhopal

Hi,

I have been thinking of buying a property (for not more than 25 lacs) in a place that becomes habitable in around 5 years. It could be a small 2 BHK flat. Not sure which location to go far..I am currently staying in Gurgaon.

I had been following recent threads in Noida/GN/Crossing etc and all I could conclude is that the investment there may not yield positive results for next 10-12 years. WOuld it rather be better to think about investing in small (upcoming) towns like Bhopal?
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  • You are saying that investments in greater noida/ noida/ ghaziabad/ raj nagar extension .. Won't give you returns??
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  • i have the same question for bhopal can anyone guide about investment in property or land in bhopal or what are the current price ranges psqft in upcoming areas
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  • It seems there are no takers for Bhopal as an investment option???
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  • Bhopal

    Bhopal is definitely a very promising place to look for. The price range from 1000 psf tp 5000 psf for residential property inside city.

    This is one have the city where property price is growing at the highest rate.
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  • Feel free to ask what ever question you have regarding Bhopal
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  • Originally Posted by kt_1881
    Hi,

    I have been thinking of buying a property (for not more than 25 lacs) in a place that becomes habitable in around 5 years. It could be a small 2 BHK flat. Not sure which location to go far..I am currently staying in Gurgaon.

    I had been following recent threads in Noida/GN/Crossing etc and all I could conclude is that the investment there may not yield positive results for next 10-12 years. WOuld it rather be better to think about investing in small (upcoming) towns like Bhopal?


    You will get great options in Bhopal in this price range both in flat and land. Bhopal have potential to give better return than most of the other bid cities similar to Bhopal
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  • LOL! Sounds like Vandana and Priya both work for Go Through Properties.

    Good going sistas!
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  • Originally Posted by palash57
    You are saying that investments in greater noida/ noida/ ghaziabad/ raj nagar extension .. Won't give you returns??


    Bhopal has given better returns than any of the cities mentioned above.
    In fact, it is among the five top cities as far as RE returns is concerned.
    I don't find any reason why Bhopal does not have a separate folder while there are more than 20 cities having separate folders for discussions.
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  • Bhopal City require a separate folder please

    Originally Posted by Garabh
    Bhopal has given better returns than any of the cities mentioned above.
    In fact, it is among the five top cities as far as RE returns is concerned.
    I don't find any reason why Bhopal does not have a separate folder while there are more than 20 cities having separate folders for discussions.


    This is a request to the Moderator to please start or create a separate folder for Bhopal City...It should serve as a information exchange possibility for IREF visitors....
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  • Bhopal Folder

    Originally Posted by addme66
    This is a request to the Moderator to please start or create a separate folder for Bhopal City...It should serve as a information exchange possibility for IREF visitors....


    I agree there should be a separate folder for Bhopal. It will help discussing Bhopal real estate. RE prices in Bhopal increased surprisingly very high in last 5-8 years. Is it genuine increase or artificial bubble?
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  • Hoshangabad Road and Kolar Road in Bhopal have shown very good returns. The land prices are very low. Plots in the vicinity of Malls and NH12 are as low as 2000-4000 Rs psqf. If one is looking for quick returns invest in Bhopal with holding of max 5 years and then exit. Price wont touch the roof like GGN, Noida, GN etc but still percentage appreciation in Bhopal is way higher than in these tier one cities.
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  • Contempt to housing dept: Green panel sticks to stance

    BHOPAL: The green panel has rapped housing and environment department principal secretary for failure to provide a list of encroachments and buildings in catchment area of the Upper Lake even after four-and-a-half months' time. The department was asked to reply in 14 days. The National Green Tribunal (NGT) recently issued a contempt notice to the PS, asking "why the contempt proceedings should be not initiated against him for wilful disobedience and non-compliance of the orders of the tribunal."

    The next hearing in the matter would be on September 30.

    On Friday, central zonal bench of the tribunal (NGT) took exception to the department's failure to file reply despite passing of long time. The reply was to be filed by May 24. The tribunal made it clear even if the compliance was now given by the department, the contempt notice would not be dismissed.

    Speaking to TOI, counsel for state Sachin K Verma said, "It is difficult to clearly earmark encroachments when the catchment area of the Upper Lake has not been yet notified." He also said a review petition has been filed.

    The original petition filed with NGT by Dr Alankrita Mehra, a radiologist with the People's College of Medical Sciences and Research Centre, stated that "...the Upper Lake has shrunk appreciably as it has reduced from an initial area of 30 sq km to 8 sq km. The total length of the lake was 38 km, but it reduced to 5 km in 2009. A large percentage of population depends on groundwater, which is severely polluted. The situation is disappointing as the state government and the local municipal corporation is ignoring their sewage system which needs upgradation and maintenance..."









    Contempt to housing dept: Green panel sticks to stance - The Times of India
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  • Free encroachments from water bodies: Green panel

    BHOPAL: The National Green Tribunal (NGT) has directed the state government to chalk out a rehabilitation plan to free encroachments from all water bodies in the state including the Siddique Hassan Khan Talab in the state capital. Issuing the directive while hearing a petition filed by Shyam Narayan Chouksey about encroachment on Siddique Hassan Khan Talab on Wednesday, the tribunal has asked the state's housing, environment and revenue departments to present the draft policy on the next hearing fixed on January 20, 2014.

    Of the 11.99 acres of land of the Siddique Hassan Khan Talab, around 7 acres of land is encroached upon comprising around 158 houses, 14 hospitals, 20 shops, hotels etc.

    The bench directed the respondents that by January 20, "definite proposals including identification of areas where such resettlement of persons liable to the affected" should be taken up.

    Principal secretaries of housing and environment S N Mishra and revenue P K Chaturvedi were present at the hearing. They submitted that the matter of displacement of the encroachers is far more complex as many multi-storied structures have sprung up on the lake bed and adjoining areas.

    However, the NGT bench ruled that, "even if it requires removal of the constructions thereon and shifting of the affected persons, necessary decisions will have to be taken on that behalf by the concerned authorities to restore the water bodies to their original shape and beauty."

    The petitioner informed that originally Motia Talab (lake) pollution has made it difficult for people to even pass near the lake.

    The green panel has also asked the Bhopal Municipal Corporation (BMC) counsel to submit an affidavit regarding the EPCO project prepared for conservation as well as making lakes in and around Bhopal pollution free including Siddique Hassan Khan Talab, Motia Talab and Munshi Hussain Khan Talab.

    The bench also directed that the counsel should provide a revenue map with superimposition of the area covered by the decree holders who had raised the construction after having purchased the land among others.

    The NGT bench further directed that all applications, submissions and replies should be made three days in advance before the next date of hearing failing which a fine of Rs 10,000 will be imposed on the parties.









    Free encroachments from water bodies: Green panel - The Times of India
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  • Bhopal, Indore join big housing boom league

    INDORE: There's good news for the real estate sector in Madhya Pradesh. While the housing boom in big Indian cities has taken a beating, tier-II cities like Bhopal and Indore have bucked the trend, according to the Housing Start Up Index (HSUI).

    HSUI is an indicator of volume of construction in the housing sector in certain period covering 27 cities across India.

    In Indore, most permits issued between 2007 and 2009 were for single house units (SHUs). The trend changed in 2009. Between 2010 and 2011, most permits were issued for multiple house units (MHUs). Bhopal too is witnessing a robust increase in construction activities, the HSUI report stated.

    The development will not only help consumers but those in the realty sector as well. An Indore-based real estate developer, Kunal Jhaveri said, "These indices will be able to convince the government about the importance of the realty industry and its scope for employment generation." Another builder, Sunil Agrawal, said, "Government has been forcing us to provide housing to people living below poverty line. This is difficult as our cost is rising by the day. Hence, through the index, we will be able to convince the government to spare us." A Bhopal-based real estate developer, Neeraj Macker, said, "HSUI will act as an indicator which will help us know which city has greater demand for housing and under which price-band."

    Another Bhopal-based realtor, Manoj Meek said, "HSUI report will help government assess that which kind of benefits should be given to the sector. Also, it will help government frame better policies for us. It will help us get infrastructure status to the industry."







    Bhopal, Indore join big housing boom league - The Times of India
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  • Asaram land grab row: Cry for demolition gets louder

    BHOPAL: The Asaram ashram management and Kamal Krishna Builders have been embroiled in a land grab row in Gandhi Nagar for several months, but more sparks flew on Wednesday over the encroachment of a 12-metre link road which is part of the master plan.

    Though the district administration and civic body have admitted encroachments need to be demolished, both sides have been passing the buck.

    Members of a voluntary organization, Rashtriya Jagran Manch, on Wednesday demanded boundary demarcation of the ashram and neighbouring Blair Colony. "Khasra numbers should be made public and building permissions of both the builder and ashram should be examined. Encroachments should be removed within a week or we will launch protests," said Ajay Gaur, general secretary of the organisation.

    "The ashram and the realtor have built a water tank, gate and a boundary wall on a 12m road. Farmers from neighbouring Gondarmau village have to travel an extra 4 km due to the encroachments. Also, land encroached upon by the builder belongs to Bhopal Development Authority," said Gaur.

    "District collector and Bhopal Municipal Corporation (BMC) commissioner have exchanged letters, assuring cooperation, but they are unwilling to demolish the illegal structures. While the collector has asked the commissioner to dispatch bulldozers, the commissioner has asked for a specific date for demolition," said Gaur.

    The manch also alleged demolition of encroachments hit a roadblock due to the influence of an additional commissioner of BMC.

    "Also, the administration is wary that demolition of ashram property might hurt religious feelings," said Gaur.

    The organisation has submitted memorandums to the chief minister, revenue minister and chief secretary.

    Earlier, the matter came up for hearing in the collector's public hearing three months back. Petitioner Shailesh Pradhan had alleged the ashram was encroaching upon a road which is part of the master plan.

    The Asaram ashram is also accused of grabbing 11 acres of land in Gandhi Nagar, which includes property owned by local residents, Dilip Kukerja and Bhandari.

    Land grab charges have dogged the Asaram ashram authorities. In 2001, Yog Vedanta Samiti was reportedly given permission to use premises of the Mangalya temple in Ratlam for a 11-day satsang. Even after a decade, the samiti continues to occupy 100 acres, valued at over Rs 700 crores. The land belongs to the now defunct Jayant Vitamins Limited. Asaram has denied role in the land grab, saying allegations are baseless.







    Asaram land grab row: Cry for demolition gets louder - The Times of India
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