Haridwar, a Gateway to God, is located on the banks of the Ganga. Being a semi-urban town, Haridwar is still under construction on the grounds of industrial houses, shopping complexes, hotels, farmhouses, and so forth. Residential properties in Haridwar have wider perspective for small room apartments as well as spacious bungalows. Some of the top builders have shown a real interest in the construction projects of Haridwar. Shantikunj, Bhupat Wala, Space near to Baba Ram Dev Ashram, Arya Nagar, Haridwar Rishikesh Highway, Rishikul, and Haridwar Delhi Highway have some hot properties for various commercial and residential constructions.
Haridwar is a well-known tourist place thus demands for hotels, guesthouses, shopping complex, and showrooms are quiet consistent. As an advantage, the palace is properly connected through various modes of transportation such as train, flight, busses, etc. It is a round the year tourist destination that attracts millions of pilgrims especially during the month of August leading to extraordinary demands of properties. To cater these requirements, several top notch builders have invested on constructional projects in the town. These projects are based on the development of hotels, apartments, and other related complexes. Mostly, the prices depend upon the location of the property. Herein, the rates are higher when the properties are closer to religious locations and other market driving factors. There has been major slump in the property market during current slowdown but still Haridwar has witnessed 15 to 20% annual rise in demands for commercial and residential properties over past five years.
Apart from the commercial section, Hardwar is a major attraction for people in age group their late 50s to 60s. They have really pushed up the real estate values of properties in Haridwar. This is apparently because of the city being a spiritual location. Consequently, builders can easily avail huge number of buyers for their apartments. Having apartment in Haridwar can assure peaceful and religious environment which contributes to the growth of Haridwar Properties. Moreover, the new infrastructural developments in Haridwar like shopping mall, road and highways, etc. have also boosted the demand of industrial and commercial properties in Haridwar. Coming to residential properties, one can get the basic amenities such as golf course, tennis courts, billiard rooms, swimming pool, Ayurvedic spas, and yoga centers to meet the need of modern as well as spiritual living. The developers have constructed high rise residential complex whose selling price depends upon the location of the property. Overall, the properties in Haridwar have high real estate values on both residential and commercial point of view.