All Things You Need to Know While Buying Property in Gorakhpur, UP.
Property | Posted by Bharat Singh on February 16th, 2022 | Comments
The city of Gorakhpur is one of the fastest developing cities in UP which has seen a considerable boom in the last few years. It is the hometown of Chief Minister Yogi Adityanath; therefore, it has received special status and has seen a lot of development since the Yogi government came to force in 2017.
Geographically, the city is located in the northeastern part of the state and is on the banks of river Rapti. It is very close to the Nepal border; therefore, many Nepalis come to Gorakhpur for a change of lifestyle and better living opportunities.
If you are planning to move to Gorakhpur to settle or invest in the property, there are a few things that you should know-
Gorakhpur - a Trading Center of Eastern UP, Nepal, and Bihar
Gorakhpur has a lot of importance in the commercial market. Therefore, the infrastructure of the city is wonderful with the right transportation means, roads, and connecting markets. Also, the city is undergoing a major transformation that would uplift the face of the real estate market and commercial markets.
Good Connectivity to Other Cities
The roads and transport facility for Gorakhpur connect the city well with other cities in India. The rail connectivity of Gorakhpur makes it's a good junction. Also, recently there is a budget of 1000 crores for the development of Purvanchal express that has been allocated, which will make the connectivity even more seamless.
- 341 Km Purvanchal Expressway – expected to be operational in August 2022.
- Six lanning of Lucknow- Ayodhya- Gorakhpur Highway to be operated from March 2022
Social infrastructure
It is a city well known for the Gorakhpur temple; therefore, there are many tourist attractions all year round. The city also has two universities, and a provision of 14 crores is also set for building medical colleges of Kanpur, Gorakhpur, Agra, and Allahabad.
Property registration process.
1. Calculate the value of your property according to the market.
2. Buy stamp duty paper.
3. Get the paper for the sale and purchase of land/plot.
4. Now go to the sub-registrar for plot/land registry.
5. After few days collect the registry documents.
How to check for the Plot Registry
Click on the link http://upbhulekh.gov.in/public/public_ror/Public_ROR.jsp. of U.P bhulekh website.
After the website is opened select the district, tehsil and village, after that enter the Khasra / Gata number.
It will display the results filter the results by account number, by the name of the account holder, you can check the registration details.
What should you know about the real estate in Gorakhpur?
Gorakhpur has a better real estate market than ever during these times. There is a budget set for the city's development, and the market is hot at the moment. The top ongoing residential projects are –
- Batiyaththa Square , Maniram, Gorkahpur
- Swastik enclave, Tarmandal, Gorakhpur
- Dream City, Taramandal Gorakhpur
- Shaligram Paradise, Tarmandal, Gorakhpur
- Shivalaya City, Tarmandal, Gorakhpur
- Subhaalaya, Sonauli Highway, Gorakhpur
- Aashiyana City, Civil Lines, Gorakhpur
- Kamadgiri Shree Jee Apartments, Mirzapur, Pachpedwa, Gorakhpur
Residential Options are 2 BHk and 3 BHk flats in Gorakhpur.The property rates of the top localities are –
- Kunraghat – Rs 14.31 k – 57.22 K per Sq feet
- Civil Lines – Rs 5.46k – 21.86 K per Sq feet
- Padri Bazar – Rs. 2.71 k – 10.83 K Per sq feet
- Fertilizer colony – Rs 940 – 3.76 K per Sq feet
- Shahpur – Rs 5378 – 8590 Per Sq feet
When considering the resale value, most people prefer buying a plot and then constructing their own house instead of buying an already built house. However, there is an increased cost of construction when building a house. Thus, apartments and flats have become a popular choice, especially for nuclear families, as they are easy to maintain and come with a host of facilities and a good resale value.
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Tags Property in Gorakhpur, Gorakhpur real estate, Gkp property, Land in Gorakhpur, Plot in Gorakhpur, Flat in Gorakhpur, Apartments in Gorakhpur
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