Unlocking The Investment Benefits Of Varanasi
In our country, real estate investing is known to be one of the safest and preferred investments. It is because of high returns and the growth factor that comes with this investment in real estate over the years. In India, metropolitan cities like Delhi, Mumbai and Bangalore promise a better quality of life and high-end facilities. However, many other cities are also emerging as a top choice for investment in the country. Varanasi is one of the top emerging locations that has attracted the attention of many investors recently.
This is because of factors like growing infrastructural developments, government measures, and better living standards. Varanasi also known as Banaras or Kashi is a tier II city in India. It is now seeing a rapid increase in residential properties like plots, villas and flats. There is a high demand for 2 BHK flat in Varanasi due to affordable land rates and well-designed homes and spaces.
A Few Reasons For Investing In Residential Properties In Varanasi Are-
Infrastructural Growth -The expansion of Varanasi -Lucknow Highway (NH-56) into a 4-path street is one of the major infrastructure developments. Additionally, the Varanasi- Aurangabad part of NH-2 is expanding into a 6-path street, making commuting easy. The developments are also coming up along the Varanasi Ring Road. These projects are driving the growth of the housing market in the city.
Tourism & Travel - Varanasi, or Kashi, is an important spiritual city in India. Being a city rich in traditions and religious values, it has massive importance in the country. Thus, more and more people travel to this city for holy visits. This has increased the demand for real estate investments and, therefore, developed social infrastructure and the residential market.
Upcoming developments - As per the local authorities and Varanasi Development Authority's master plan - The Varanasi Mahayojna 2031, is on the list with an intent to boost the city's rapid growth.
Various initiatives like a cleanliness drive and an emerging shopping hub have made the city attract many homebuyers who want to stay close to their traditions and roots. The regions like Mahmoorganj and land near Banaras Hindu University are one of the most desired local areas for investment.
Affordability - In Varanasi, residential projects are more affordable than in many metropolitan cities like Bangalore, Delhi and Mumbai. Around the price of a 1 BHK flat or a small apartment in Delhi or Mumbai, you will get a 2 BHK flat In Ram Nagar, Varanasi, which is one of the prime locations in the city.
Smooth Connectivity -There are four national highways and an international airport at Babatpur. Due to the presence of the river Ganga, water transport has also been proposed to improve the movement of goods and people. The proposed metro project from BHU to Sarnath and from Lanka, Cantt, Babatpur and Shivpur will further improve the connectivity within the city.
Moreover, the second phase of the metro is proposed to connect Ramnagar and Mughalsarai. This means easy commuting and less travel time. Areas such as Badagaon, Pindra, Harahua, etc., are close to the airport. Thus, there is more demand for housing projects in areas like Ramanagar.
Rising Land Rates - As per the recent reports, the land rates in Varanasi have seen quick appreciation over the years. The properties that were earlier being sold at Rs 7000 sq. ft approx. have now rates around Rs 13,000 sq.ft.
This means that investing in projects like Roma Uma Nilayam Ramnagar, Varanasi , is one of the beneficial opportunities. It promises high returns and well-ventilated premium homes that make a comfortable living address.
Why Should You Invest In Roma Uma Nilayam?
The well-known developer Roma Builders is developing Roma Uma Nilayam. A RERA registered society, the project is spread over an area of 12909 sq. m with 5 towers and 5 floors. It is just 5 minutes away from Ramnagar Fort.
The top reasons to invest in Roma Uma Nilayam are-
• Spacious and well-ventilated rooms
• Shopping area within premises
• Easy connectivity via major highways and ring road
• Only 4 km from Banaras Hindu University
• Lush green surroundings
• Flood Free zone
The world-class amenities offered to the residents of Roma Uma Nilayam are-
• CCTV surveillance
• Mini water park
• Health club & fitness centre
• Jogging track
• Rainwater harvesting
• Landscaped gardens
For those who are looking for a luxurious 2 BHK flat in Varanasi, this project is the right choice for you. It is an affordable project with many options for different budgets and needs. The carpet area in 2 BHK is from 49.89 sq.m to 64.85 sq.m.
Varanasi offers a peaceful and pollution-free environment set amidst the vibrant ghats of Ganga. It is an ideal place for families to stay and indulge in luxury living on a budget.
It has the country's most prestigious educational hubs, like Banaras Hindu University. The city is attracting many scholars and students looking for quality education. As the number of students is increasing so is the demand for rented living spaces .
So, if you invest in a residential property in Varanasi , it will grow with time, and you'll get high returns on your investments.
Final Words
Over the years, Varanasi has witnessed rapid growth and profits when it comes to real estate. The initiatives the central government and local authorities took have made the city witness massive improvements in infrastructure and quality of life.
Consider investing in Varanasi if you are looking for a place to stay close to your traditions and offers modern living spaces on a budget.
