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Mussoorie Real Estate Market
Mussoorie, the queen of hills is a well-known city, and a metropolitan board in the district of Dehradun of Uttarakhand state, located in the Northern part of India. It is situated at a distance of about 290 kilometers from the capital on the nation New Delhi, making it a great investment spot.
Mussoorie is also located in proximity to yet another important place Dehradun; it’s just about 35 kilometers from the capital Dehradun.
It is located at an average altitude of about 6170 feet (1,880 meters), and is surrounded by green hills and a wide variety of flora and fauna, which makes it one of the most fascinating hill resorts for all tourists around the world. In the north-eastern part of the city, you can feel the pleasure of commanding snow falls, while you can enjoy glittering views of the Shiwalik and Doon Valley collections in the Southern part. Lal Tibba has been regarded as the peak point in the whole of Mussoorie with a maximum height of nearly 7,510-feet (2,290-metres).
In recent times, Mussoorie real estate is growing at a rapid pace with an increasing number of tourists flocking to the city every year. This hill station appeals to huge number of tourists because of its central location which places Mussoorie exactly in the foothills of the great Himalaya Mountains.
As it provides connectivity to some of the major cities in the Northern part of India, there is a huge need to improve Mussoorie’s real estate sector at a considerable pace. All national as well as international tourists who arrive here always look for a piece of an available residential property.
There are many indifferent forms of residential properties made available at this place including individual houses, plots, flats, resorts and cottages.
Property Prices in Mussoorie
The boom in the real estate is quite clear with a considerable rise in the Mussoorie property prices, and it has been reported that a 2 BHK flat in the area of Trolly Point costs roughly around Rs. 23 Lakhs, which works out to almost Rs. 3538 per square feet of land. This is, certainly, a high rate when you compare it with some parts of Delhi/NCR, as well as Dehradun. The good news for investors is that Mussoorie property rates are still growing at a steady pace; so, there are a lot more chances of earning with long term investments.
Many international standard hotels and resorts have been established in the region which has led to significant growth in the Mussoorie real estate industry in the recent times.
Some of the major hotels that are operating at this place are Honeymoon Inn, Country Inn and Suites by Carlson, Fortune Resort Grace, Mussoorie Gateway hotel, India Mussoorie (Hard Rock), Hotel Mall Palace and the Royal Orchid Resort.
One of the prominent hotels located in Company Bagh area of Mussoorie is currently up for sale at an astonishing cost of Rs. 4.50 Crores, resulting in per square feet price of just around Rs. 387, making it a worthy deal to say the least!
Recently, the residential land near the well-known tourist attraction Kempty Falls in Mussoorie has been offered at a price of Rs. 9 Lakhs, costing Rs. 1000 per square feet.
The well-constructed bungalow located near Camel's back road of Mussoorie can be purchased at a price of around Rs.9.5-10 Crores. The property prices in Mussoorie vary largely depending upon the type and location.
Since the formation of Uttarakhand state, Mussoorie real estate industry started to flourish at a significant pace. The ever-growing tourism can be regarded as the main reason for the property prices improvement in the area. It is very important for the local authorities to modernize the queen of hills so as to facilitate the growing real estate business and attract more and more potential invertors and builders to the mesmerizing city of Mussoorie.
At present, there are many proposals for upcoming projects in various parts of Mussoorie, and it won’t be bad choice at all if you buy a piece of property in Mussoorie to make an abode at this scenic place.
With a horde of tourist spots around, Mussoorie touts firm as a vacation spot. What could be better than owning a house in the land of beautiful mountains!
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