Real Estate is a major player in the economic arena of Himachal Pradesh. Regarded as one of the inevitable tourist destinations of India, the state has recently received a huge Rs. 850 crores of investment from the Real Estate agencies which is a significant achievement for the place.
As more and more travelers come to visit this serene snow-capped hilly terrain, the place boasts of earning a significant portion of its revenue from tourism sector only. In order to accommodate the ever-increasing crowd of visitors and to give an appealing look to the entire state, Real Estate companies are vying to make a permanent base here.
In the recent past there has been a positive impact of globalization in the Real Estate industry of Himachal Pradesh. Due to the Himachal Pradesh Apartment and Property Regulation Act, 2005, the state is today approached by several private Real Estate agencies. Providing quality housing and infrastructure solutions, these agencies offer a competitive price too.
Himachal Pradesh Urban Development Authority is another prime Government organization which is offering valuable additions to the Real Estate sector of the state. An estimate shows that till date HIMUDA has completed 15, 000 housing projects in the place.
Apart from building hotels, official apartments, business auditoriums and residential complexes, the existing Real Estate companies of Himachal Pradesh are also engaged with construction of special tourism zones in the state.
Effectively adorning the economic landscape of Himachal Pradesh, the Real Estate industry of the state is soon to become one of the sole indicators of the positive growth of the place.
Last Updated on 21 March 2012
