Varanasi or Benaras (Banaras) or Kashi is an important city in the state of Uttar Pradesh for various reasons. Varanasi is a holy city with numerous temples and other Hindu worship centers. It is also home to the world renowned Benaras Hindu University that is a segregation leading educational institutions under a walled mini-city. Besides this the popularity of Varanasi or Kashi on the Real estate charts is due to the flourishing artisans and traders with their woven silks and brass ware gaining world fame.
The commercial properties in Varanasi cannot get exhausted due to the huge retail potential of the city. The input of the tourist and industrial sectors of the economy contributing to its increased bank of commercial real estate has been a major contributing factor to the development of real estate market in Varanasi. This significance of the city in real estate in India would rose further with the completion of the Purva Economic Zone – an SEZ housing the biggest silk and carpet manufacturing and export centre in India.
The local Varanasi Development Authority is also actively taking up infrastructure development projects to provide the needed infrastructure for the city to mark its presence among the leading cities in India. This is being done by taking up housing projects to develop adequate residential property in Varanasi for decent accommodation for all income groups. Participation from private players is being welcomes by the authority. This has led to the influx of top real estate builders & developers in India including names like Unitech Builders India , Sahara Housing and many more with numerous housing high rises, integrated townships, IT Parks , retail shopping malls and SEZs on the planning charts.