News & Views on Indian Real Estate

Tuesday, August 12, 2008

Dehradun is emerging as a potential Real Estate Destination

Dehradun is emerging as an attractive investment option for realty developers in India. Considering the scenic locales and the various institutes and schools based in and around the area, many builders are exploring their options and setting up projects in commercial as well as residential segments. The state capital has attracted developers from all over the country. Apart from Parsvnath and GTM Builders, other prominent developers operating in the region are Emaar-MGF, which has signed an agreement with the Uttarakhand government to soon build and run a five-star hotel and a convention centre in Dehradun. The Rs 2 billion (US $49 million) new hotel and convention centre will be part of an integrated facility comprising a 10-acre retail and entertainment space. Then there is Prabhatam Buildwell, which is also planning various mega township projects in cities like Bangalore, Kochi, Indore, Bhopal, Ranchi and Dhanbad apart from a project slated in Dehradun as well.