Rudrapur is a city and a municipal board in Udham Singh Nagar district in the Indian state of Uttaranchal. A small town that is emerging in a lightning speed. Since the prices in the NCR region soaring the focus of developers as well as middle class families turned to cities like Rudrapur in Uttranchal.With $2 billion in investments, this foothill town is the next big address for industry.

A little over four centuries ago, Rudra Chand, the ruler of Kumaon, laid the foundations of a town in the Terai region to defend his hill kingdom against attacks from plainsmen.

"The last decade saw the transition of sleepy towns like Gurgaon, Noida and Faridabad into enviable addresses. But today, these tier I towns, as they are called, are all saturated and far beyond the means of the middle class," so attention fixed to places like rudrapur.

Real estate prices in Rudrapur have shot up 10-12 times in the last year. Billboards can be found all the way up to Delhi, 275 km away, inviting group you to buy swank apartments In the last two years, 397 plots have been sold at Rudrapur to set up industrial units. The list of buyers includes top companies like Tata Motors, Bajaj Auto, Escorts, Voltas, Britannia, Nestle, Parle Biscuits, HCL, Hewlett-Packard, Dabur, Kores India.

Some of the bigger builders who have decided to put their money in Rudrapur include Omaxe, Assotech, Samiah and Alliance. Together, they are estimated to be investing over Rs 500 crore in developing residential apartments at Rudrapur. Another advantage of Rudrapur is that it is just 14 Kms away from the Airport. So all these factors are playing in the development of Rudrapur.
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  • Hi,

    This is very useful information.Do you have any idea about existing rates in rudrapur and that how to approach these builders?

    Is buying an appartment there a good idea for investment purpose?

    Thanks!
    CommentQuote
  • Rudrapur Real Estate: The New Boom Town

    Rudrapur, the gateway to Kumaon hills, is surrounded by Nainital in the north, Bijnor, Moradabad and Rampur in the west, Bareilly and Pilibhit in the south, and Champawat district in the east. It is fast emerging as one of the largest industrial hubs in the nation, with the industrial already exceeding Rs 30,000 crore. The town has witnessed rapid growth in real estate after 2003 when the government proposed monetary incentives for the companies setting up their units in the IIE (Integrated Industrial Estate), Pantnagar. Swift industrialization, corporate arrangements and the encouraging role of government policies is extending the strong atmosphere for industrial expansion in this area and thus offering immense opportunity for real estate development.

    All these alluring and beneficial openings have invites big names of the corporate arena like Tata Motors, HCL, Lenovo, Bajaj Auto, amongst others, to set up plants in this area.

    The rush in real estate properties and developments in Rudrapur is primarily the result of tax and economic incentives announced by the central and state governments to promote industrial growth. Rudrapur has been declared as a non-tariff area for central excise, customs and sales tax duties for a period of ten years which span may also be extended by the central government. This has prompted industry players to set up big plants and the subsequent settling down of numerous corporates. Companies that begin production before a cut-off date get a 10 year excise duty exemption, five year full income tax break and reduced production levels for the next five years. The area, as a result, is witnessing hectic activity on the industrial front with a host of companies, from the automobile, Pharma and FMCG sectors, setting up facilities here. Infrastructure has been a big draw at Rudrapur: Explains Arvinder Singh, MD, Alliance Nirmaan Limited, "Unlike most of the cities in India, infrastructure is not a bother here. There is no dearth of electricity and water. Moreover, electricity rates are the lowest in the country and you can get water by digging not even 5 feet." Connectivity too is good as the town is situated on the Delhi-Nainital highway (NH-74) and the Khatema-Panipat highway (NH-87). Four laning and widening of roads from Delhi to Rampur, Rampur to Rudrapur and Bareilly to Moradabad is on. The Rampur to Kathgodam rail route is proposed to be double lined. Rudrapur is conveniently connected by air with the Pantnagar airport in the vicinity. The airport is being renovated to enable Boeings and ATRs to land and also to have night landing facility. The government is also working further on improving the infrastructure and connectivity especially around the industrial belts.

    In such a scenario, it is only natural that industrial development is complemented by large scale infrastructure and real estate development. And in this field, the foremost player in Rudrapur is undoubtedly Alliance Nirmaan, which has shaped the face of modern day Rudrapur through highly successful townships like Alliance Kingston Estate, City One and Cedar Highs.

    In fact the concept of integrated township in Rudrapur began around two years ago with the launch of Kingston Estate by Alliance Nirmaan. This fully integrated, colonial style township, on Kashipur Road sprawls over an 80-acre landscaped plot and has premium homes along with a shopping mal, landscaped green belt, club and community center and host of other amenities. At present, construction activities are in full swing and the township is in advanced stage of completion.

    Alliance Nirmaan's latest project, Alliance City One, another integrated township spread over an area of 140 acres. The township has villas, bungalows, apartments and penthouses as well as free-hold plots. The amenities include retail, education and recreational facilities, uninterrupted power and water supply, well-planned sewerage and drainage system, etc. within City One is a self contained apartment complex called Cedar Highs, which offers 2, 3, 4 bedrooms apartments and penthouses, spread over 30 acres. This complex is well laid out to maximize green open spaces between the carefully placed residential towers.

    Coming from the pioneers of development in Rudrapur, City One and Cedar Highs can be seen as the best option for securing a home at Rudrapur. Moreover, with the BhumiPujan scheduled for June 3, 2007, the company is extending special benefits for all bookings made and allotments confirmed in the month of June.

    Incidentally, property rates in Rudrapur have escalated one-and-a-half times in the last two years. "The market is bound to appreciate during the next one-and-a-half to two years because of economical factors," adds Partho Kunar, VP, Alliance Nirmaan Limited.

    The generally held view is the northward march of rates will continue for the next five years or so. The real estate market at Rudrapur can be said to be similar to that of Pune or Hyderabad because development and economic growth began way back and grew steadily over time. And it will continue to grow, albeit perhaps, at a faster rate in future because real estate growth will be sustained by economic growth.

    "When compared with SEZs coming up all over the country, the developments in Rudrapur are far more attractive. This is because of the industrial output from Rudrapur is meant for domestic consumption which is 85 percent of the Gross Domestic Production. What it means is much higher potential for the industry and for the state as a whole," feels Singh.

    Source: Times Property
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  • As i am seeing the development of Rudrapur from 1 and half year i can predict that only the Metropolis City, Rudrapur which is being developed by Assotech Supertech(JV) is at prime location and all other projects are just chalta hai and there is one more burning thing is that Metropolis is coming up with 5 Star Raddison Hotel and with only mall (Metropolis Mall) in Rudprapur along with world class infrastructure.

    Vijay Vikram
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  • Alliance is probably the builder who has invested heavily in the Rudrapur, on kashipur road and beyond. The City One project and Cedar highs appt. project were advertised on a big scale in delhi and other metro's at one time.

    This one should be credible.
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  • Mountain View and Orchard View.....

    Can anyone tell me who the developer is for these two new projects in Rudrapur?
    CommentQuote
  • Re : Rudrapur

    Originally Posted by gokulsingh
    Hi,

    This is very useful information.Do you have any idea about existing rates in rudrapur and that how to approach these builders?

    Is buying an appartment there a good idea for investment purpose?

    Thanks!


    Dear Sir,

    We are the leading real estate consultant of Lucknow. Presently we are associated with Samiah International for all their ongoing and upcoming projects. Right now company is creating a world class project The NRI LAKE CITY AT RUDRAPUR. The apartment rage starts from 6.90 Lac to 13.90 Lac if you are interested then kindly contact me for further details.

    Regards,

    Namit
    CommentQuote
  • Re : Rudrapur

    Originally Posted by offshoreinvestors
    Can anyone tell me who the developer is for these two new projects in Rudrapur?


    Dear Sir,

    We are the leading real estate consultant of Lucknow. Presently we are associated with Samiah International for all their ongoing and upcoming projects. Right now company is creating a world class project The NRI LAKE CITY AT RUDRAPUR. The apartment rage starts from 6.90 Lac to 13.90 Lac if you are interested then kindly contact me for further details.

    Regards,

    Namit
    CommentQuote
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