Jharkhand real estate property market investment

Real estate and property market investment in Jharkhand is rising. Cities that are considered Industrial hubs, such as Ranchi, Dhanbad, Jamshedpur, etc, have experienced significant increases in property prices. Jharkhand shares its border with the states of Uttar Pradesh and Chhattisgarh to the west, West Bengal to the east, Bihar to the north and to the south is the state of Orissa. The total land area of Jharkhand is about 79,700 square kilometers with a population of nearly 27 million.

With such a relatively large number of industrialized cities, there is considerable amount of migrant population. This has led to increase in property rent prices. For instance - Ranchi, the capital city of Jharkhand, has experienced manifold increase in real estate and property prices within the last few years. Jharkhand State Housing Board has partnered with private developers to build residential and commercial real estate and property in several cities of the state. Real estate player Parsvnath Developers Ltd won the bid to develop a city centre in Ranchi. Besides the already established industries, new industries such as automobile and auto components industry are proposed to be developed in SEZ (Special Economic Zone).

More facts about Jharkhand

Jharkhand was established on November 15th, 2000. The state was carved out of 18 districts of southern part of Bihar state. It became the 28th state of India.

Jharkhand is well-known for its mineral wealth. India's first iron and steel factory was built at Jamshedpur. Besides other minerals, Jharkhand is the largest producer of iron ore, copper ore, mica, kainite, asbestos and uranium in India. Bokaro has the largest steel plant in Asia. The state also has the biggest explosives factory (at Gomia).

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