A Time to Flourish for Rohtak Real Estate

Rohtak is a known district which falls in the southeast of Haryana. It is bounded by Jind and Sonepat districts to the north, Jhajjar and Sonipat districts to the east and Hissar, Sirsa and Bhiwani districts to the west.Land rates in Rohtak and its surrounding areas, falling on the National Highway 1, have appreciated over the past few years. Indeed, they have doubled. The average price of residential property in Rohtak stands at Rs 10,000 a square yard whereas it was no more than Rs. 5,000 a square yard a year ago. The increasing demand for both the commercial and residential plots in Rohtak has given a strong push to the prices here; most of it has been caused by the turns in political power base to Rohtak.

A multitude of prominent property developers have brought large chunks of land for colonization that has led to a hike in property rates in Rohtak. For the purpose of housing development, Rohtak plots are much in demand because private property builders are yet to announce their projects, which are likely to command a steep premium.

The investments in Rohtak properties seem set to increase exponentially as prospective investors begin to feel compatible with the climate and look at broader range of the product types. Those who are buying the properties in Rohtak for resale are making the fast cash and are eagerly waiting to buy plots from private property developers at pre launch prices ranging between Rs. 4,000 and Rs. 6,000 a square yard which largely depends upon the location of property. However, the colonies to come up on National Highway No. 10 are in high demand.

The prices of built up properties in Rohtak have also increased but not as much as those of plots. The plots are fetching a high amount marking a rise of 100 per cent whereas the built up properties has been around 35 to 60 per cent. This is because of the desire of many people to construct house of their own choice. Moreover, any speculative buyer will opt for only plots.

Talking about agricultural land in Rohtak, they are also catching up fast and witnessing an upward trend. The land available on two sides of the Rohtak-Delhi stretch of National Highway No.10 ranges between Rs 1crore to 1.5 crore per acre. Thanks to Indian real estate biggies. The new government’s plans for the construction of housing and commercial sectors at Sampla falling between Bahadurgarh on Delhi border and Rohtak have also fuelled prices.