What are some of the best areas to invest in real estate in Agra?

SPN Propmart Real Estate

There are many cities in India with historic significance. These cities have acted as hubs of all the political and social activities during their glory days. Though many of them now have lost their charm, there are some cities that hold their importance to date. One such city is Agra, the capital of the Mughal Empire. Today, Agra is one of the most visited tourist destinations in India and has better connectivity and infrastructure than other cities in the state of Uttar Pradesh.

Due to its excellent connectivity with Delhi NCR, Lucknow, Kanpur, Jaipur, Indore, Bhopal, Gwalior, and many other important cities, Agra has become one of the most sought-after real estate destinations in northern India. Some world-class highway projects of Yamuna Expressway, Ganga Expressway, and Agra-Jaipur Expressway have indeed raised the positioning of Agra as the epicenter of infrastructure developments. It is the presence of these factors that have caused a steep rise in the real estate activities in and around Agra in the last 5 years. There are many new launches happening in the city, catering to both affordable and premium housing categories.

Ranging between 3000 per sq ft to 4500per sq ft, many new pockets have emerged in Agra, offering a variety of housing projects to invest in. Areas like Samsabad, Fatehabad, Jaipur Road and MG Road are some pockets that offer the handsome returns on investment (ROI). The property prices in these areas have grown by almost 60-65% in last one year. These areas also host some advanced commercial properties as well. With rising rentals inside the main city, most of the offices find it difficult to sustain there and thus are also moving in Samsabad and MG Road areas.

The rate of rising in the price of the property is one of the most important factors for investment decisions. The prices rise when the property and the locality are well-connected to other places of importance. As Agra has one of the best connectivity, the property prices here are appreciating at an attractive rate. An investment today may yield more than 60% return in a span of 6-7 months. So, this is the right time to invest in Agra’s real estate, especially in the Samsabad and Fatehabad regions.

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