Agra is the city with three UNESCO World Heritage sites—The Taj Mahal, The Agra Fort and Fatehpur Sikri; these are popular tourist destinations for Indians and foreigners. Other than historical significance it is also a vital link in North-South and North-West railway lines. Just 200kms from the national capital and 360kms from state capital Lucknow, Agra is well connected with NH-11 connecting it to Jaipur and NH3 connects it to Gwalior.
Of late Agra has seen rapid development in infrastructure. Agra’s first mall, the TDI Mall and multiplex has found favor with both residents and tourists. Most importantly, a generational shift is resulting in a lot of latent demand being generated by old time residents who want to move to newer dwellings and wish for modern amenities. The country’s expanding economy has pushed the real estate market too.
The outcome of the commercial growth has been characterized by growth of projects on the outskirts with a steady rise in prices. Projects are scattered around in Khandhari, Dayalbagh and Fatepur Sikri Road areas at various price brands to suit the needs of different buyers. The price for plotted development is lower as compared to high-rise apartments, showing a shift in trend towards apartment concept over independent homes. Further the property scene is witnessing a boom because it is an untapped market and the law and order condition is good.
Agra is a safe investment destination. The growth rate is 40-45% fueled by middle class housing. The push towards organized small scale industry and the region being a significant export hub are added attractions that are giving real estate market a boost, and make it a place worthy of investment. Agra forms the third destination of the Golden Triangle- Delhi, Jaipur and Agra- thereby having excellent connectivity with these major cities.
With the city going to have its own international airport, Agra has received a major boost in the way of real estate development potential. A lot of famous builders are coming up with their projects in Agra and a lot of modern projects with all amenities and facilities are underway. Agra has very good connectivity via railway, and since it is a tourist resort it is seeing a lot work on the infrastructural level. It will soon be connected by metro-rail also and real estate development along this area will be on the rise. TDI has built a township in Agra with innumerable flats; Parsvnath has also come up with some upscale residential projects. Real estate is on an upward swing so with all things in favor, Agra is a safe place to invest.
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