The present boom in real estate in Dehradun is primarily driven by the stunning growth posted by the Indian economy. The boom in the Indian economy is accompanied by the rising disposable incomes of the Indian population. The consumption of the average Indian household has increased; and this has led to the retail revolution. This retail revolution is one of the main components of the boom in real estate in Dehradun.
The boom in real estate in Dehradun is associated with the rise of malls in the region. It is estimated that:
- The real estate in Dehradun will expand substantially. Retail will expand by more than 80%.
- There will be a 20% growth in the organized retail segment in the real estate in Dehradun.
The value of the real estate in Dehradun is enhanced partly due to the investments in the Information Technology (IT) sector in the region. The State Industrial Development Corporation of Uttaranchal (SIDCUL) is setting up a high technology software park on more than 60 acres of land at Dehradun. The software park is self contained with all the necessary facilities
Last Updated on 14 March 2013