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Looking for Real Estate in Bhopal? Stop Here!



The real estate business sector is one the globally recognized sectors. In India, it is the second largest established employment after agriculture and it is assumed that the market will grow at 30 per cent annually in the upcoming years.

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The sector broadly comprises four sub-sectors, that is, retail, housing, commercial, and hospitality. The growth of real estate in Bhopal is well complemented as the demand for commercial space and urbanization is increasing day-by-day due to growth in the corporate environment. The real estate business involves the construction industry which positions 3rd amid the 14 key sectors in terms of induced, direct, and indirect effects on the entire economic sectors. NRIs (non-resident Indians) plays a major role in the growth of the real estate sector as they invest their money to buy properties in both the short term and long term. The top investment destinations of NRIs are Bengaluru, Ahmedabad, Pune, Goa, Chennai, Delhi, Dehradun, and Bhopal. 

·         Residential – it includes the construction of new property or reselling homes. Residential real estate cooperate common single-family houses, condominiums, co-ops, duplexes, townhouses, triple-deckers, high-value homes, quadplexes, pent-houses, and vacation homes.

·         Commercial – it includes shopping centers, strip malls, educational buildings, medical office block, hotels, and offices. Even though used for residence purposes, apartment buildings are often considered under the category of commercial construction because they are owned to generate income.

·         Industrial – it consist of constructing huge buildings and property and warehouses. The buildings are constructed for the use of research labs, storage, production, and distribution of goods. However, buildings used for distributing goods are often considered as commercial real estate. 

·         Land – it comprises vacant land, working farms, and ranchos. The vacant land comprises subcategories which include early development or reuse, undeveloped, subdivision and site assembly.

Hence, the classification of the type of real estate in Bhopal is significant because the growth, zoning, construction, and investment are handled differently as the industry is the chief driver of overall economic growth.

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  1. Anonymous16 February 2020 at 22:30

    Such a great blog to introduce the best real estate websites in India. I am living in Bhopal and planning to buy properties in Bhopal so I just want to know the best properties in Bhopal. After completing the construction from the best builders in Bhopal, I am planning to buy the flats in Bhopal.

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