Udaipur – the ‘City of Lakes’ is one of the favorite locations in Rajasthan for Plot Purchase. Every region in the city offers its own set of benefits therefore the investor can choose the area of his choice to invest in.
As new investment avenues keep emerging in the country, the City of Lakes, Udaipur is slowly emerging as the most favourite destination for investors. Udaipur has a lot to offer to real estate investors from leisure and entertainment to growth prospects. The city is developing new infrastructure including highways and airport expansion. Of these, plots seem to be the best bet for long-term growth and investment. In this article, we shall try to cover the best locations to invest in Udaipur and compare their prices.
Prime Residential Areas
For Luxury lovers Hiran Magri will be best location where plots are available to buy at price range ₹3,000/₹3,500 per sq ft. The area of plots will be 450 sq ft to 2100 sq ft. For suburban living with a touch of urbanization area like Shobhagpura will be best. It is area of city where lots of constructions have taken place in form of big gardens. Also lots of open space are available in this area. Also plots in this area are available in range of ₹2,500 to ₹4,000 per sq ft with area of 1000 to 2000 sq ft. Some plots have UIG approval too. For working professionals Subhash Nagar is best area to live. It is in heart of the city where lots of facilities are available like schools, colleges, hospital, markets etc. One can reach at any place within a few minute of walking. Also plots of maximum 1500 sq ft can be available at price range of ₹2,000 to ₹3,000 per sq ft.
Prime Residential Areas
Land plot for sale
Another location for Luxury Residing is Hiran Magri(connected to schools, hospitals, mall, entertainment parks etc). We have plots of size 450, 800, 950, 1050, 1250, 1750, 2070 and 2100 sqm. Price for these plots are ₹3000/3500/4000 per sqm.
Shobhagpura is the perfect destination for a middle class family where you have open fields on one side and the city life on the other side. We are offering plots of size 1000-2000 sqm at ₹2500/4000/5000 per sqm.
Subhash Nagar is best suited for working professionals. The plots are strategically situated within the city life and are very close to local markets. We are offering plots of size 900, 1000, 1200, 1300, 1400 and 1500 sqm at the price of ₹2000/3000/3500/4000/4500/5000 per sqm.
Beautiful location with surrounding green fields and mountain all around, ideal location to buy investment plot in Udaipur. Aerial view of 7500 sqm of land.
Emerging Investment Hotspots
We are offering plots in Balicha (near Goverdhan Vilas Bypass). Phase-II of 150 plots of sizes 500 sq ft to 6000 sq ft at price of Rs 1800-2500 per sq ft. Plot can be purchased on loan up to 90%. Debari is another area to consider as it is on the affordable side but close to Airport and Jaipur’s Industrial Hub. We have plots of 540 sq ft at a total cost of ₹16 lacs @ ₹1800-2000 per sq ft. It’s a hot investment area for NRI’s looking to invest in Jaipur realty for rental yields. For those who wish to build their dream-villa or farm houses we have options in Bedla of 2000 sq ft and above at ₹1500-2500 per sq ft. These semi-urban area is quite far from city of Jaipur and gives peaceful life. We also have an option of Keshav Nagar where we have plots to sell under ₹2000 per sq ft. Plot sizes available are 500-1500 sq ft. Best suited for Residential Lands & Homes.
Commercial and High-Growth Zones
We provide you plots for Mixed use development in 100ft road corridor in Sector 14. We have plot of size 450 sq yd at very competitive price of ₹15-16 L for ground facing with access of 30-40 ft from both front and rear side. Bhopalpura the Eastern part of the city is the best suited place for businessperson here property rates can go up to ₹9000 per sq yd. Developer is offering a plot of area 13000 sq yd at Bhopalpura. The plot is close to mall, hospital, film city, school, amusement park etc. Greater Kailash Nagar, Badi is for agriculture convert plots for sale. Here plot of size 6000 sq yd is available for ₹1.5 Cr or ₹6000 per sq yd. Plot has access of 50 ft from front side. Plot is surrounded with beautiful gardens from all sides.
Price Trends Across Locations
Udaipur has seen an upward trend in the average price per square feet as the collective average is at ₹3,009. The lowest price per square feet to buy a space in the city is at ₹165 whereas the highest is at ₹9,455. These prices vary as per the locations especially in cases where approvals or new infrastructures are involved. When it comes to luxury residential spaces the city’s most desirable locations for investment are at Hiran Magri, Shobhagpura and other areas with prices starting at ₹3,000 per square feet and reaching up to ₹4,000. Emerging locations like Balicha and Debari are great investment spaces with a starting price at ₹1,800 per square feet and the potential to appreciate at a higher rate. The prices for commercial space have increased significantly in areas like Bhopalpura, and Sector 14, at ₹5,000 and ₹9,000 per square feet respectively. Spaces in the budget category can be found at locations such as Keshav Nagar and Bedla for less than ₹2,500 per square feet. Bedla has seen an appreciation of 5-10% every year, and emerging locations that are more accessible can provide an appreciation of 20-30%.
Key Price Influencers
The spots very close to the highways like Banswara Salumber, Geetanjali Hospital & School etc can appreciate by 20-30%. Also the places where these UIT/DLC areas are getting converted in regular layouts can command a higher return. For places like Balicha and Debari the negotiating range can be 10-15%. River facing plots ( green plots ) are current favorite of the investors. Places like Sakroda, Dabok etc. are increasing at the rate of 5-10% every year.
Smart Buying Tips
First clear all approvals for UIT/DLC & roads of 30+ft width. Gated colonies on opposite sides of iconic locations like Meldi Mata Temple can appreciate quite well in value. For ₹39000 for 1000 sq ft, areas like Vallabhnagar and Keshav Nagar are on the radar. However, highest returns are expected from Balicha. If you’re interested, get in touch with the real estate agent House4Youu +91 9509933067 and plan a visit after confirmation. You can get 90% loan for the same.
Our plots in Udaipur are one of the most beautiful locations in the city to offer huge returns of your investment. The plots in Hiran Magri gives you prestigious location of city to live and connect with world. The plots in Balicha gives you a value for money.
