Mizoram Property

Mizoram is located on the border, and is one of the 7 Sister States in the North Eastern part of the nation. It is known to have the second highest literacy rate, following the foot-steps of Kerala.

With majestic gorgeousness and large availability of scenic beauty, the state witnesses lots to visitors. We may see tourist-related industries in the near future, but the state government needs to work on the infrastructure to attract more companies to set up their businesses in Mizoram. This is precisely why the Mizoram property rates are extremely low at the moment, and you can buy a piece of 1200-2000 sq. ft. residential land for as low as Rs. 5-10 lakhs.

Future Prospects of Mizoram Real Estate

The city recognizes IT as one of the fastest modes for the overall development, and the central government wants to attract wide propagation of IT in Mizoram. They’ve got tons of policies to promote IT in different fields over the next couple of years.

Their industry policy would ensure that the IT Park offers great infrastructure to meet the demanding business needs of MNCs operating in IT and electronics segment, as well as the allied industrial activities.

Such plans and initiative ideas have already attracted interests from major real estate builders and developers from all over the country, and Mizoram real estate industry just requires a little push to explode!

Property Pricing Trends

Over 30 percent of the state is covered with bamboo forests and left unexploited, and now real estate builders are trying to start their business in such areas.

Mizoram property rates are all set to go up as the state government has passed new rules for industrial developments. Apart from the IT parks, the state has a huge potential in the tourism sector. Consequently, we can expect good growth in hospitality industry, introduction of plenty of business centers, resorts and commercial complexes.

Aizwal (capital of Mizoram) is now being eyed upon by real estate developers and investors. Some of the projects include construction of 2 and 3 bedroom houses in Aizwal, featuring everything in the 2500 square feet house, right from a spacious kitchen, big hall down to spacious master bedroom, balconies and even magnificent terrace.

The best part of the story is that you’ll get luxurious houses, villas, 1 BHK to 4 BHK flats and apartments in Aizawl at reasonable prices at the moment. The cost of 1BHK flats starts from Rs. 20 lakhs, while apartments in areas like Saiha, Kolasib, Serchhip wouldn’t even cost you INR 15 lakhs.

Commercial property rates start from Rs. 1000 per square feet, while agricultural land is available at extremely low rates, in the range of less than 1 lakh per cent.

Business Opportunities in Mizoram

In 2008, a major project worth 220 million US dollars was undertaken by the central government to provide concessions and incentives for establishing industries in Mizoram. Bordering Bangladesh and Myanmar, the state offers a gateway for engagement in international trade with other Asian countries.

There are a lot of opportunities for business oriented people because the state has abundant reserves of Bamboo forest covering more than 1,250,000 hectare with the investment of 3,240,000 million tons per year.

Agricultural and horticultural business has the biggest impact, as there are abundant natural resources available in the state of Mizoram. Major developers in Mizoram real estate market are investing a lot on tourist complexes, amusement park, tourist travel services and resort facilities.

With the second highest literacy rate in India, the government plans to invite MNCs to set up their branch offices by building up several software technological parks in Mizoram, thereby bringing up the overall standard of living.

Hence, when you know that the state is marching towards the path of growth and success, it’s quite obvious that the Mizoram property rates are going to appreciate by huge margins too. Now is the time to own a piece of Mizoram property, and ensure big returns over the next 10 years.

All you need is just 5-10 lakhs to invest in the Mizoram real estate market, and you can assure yourself of at least 80-90% appreciation if you pick the right spots to invest.