Raipur Property: Raipur Real Estate

 

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Raipur Overview

Raipur is the capital city of Chhattisgarh. Prior to the formation of this state, it was located in Madhya Pradesh. Geographically, it’s an important city in the country considering that the land to the north of the city merges with the Chhota Plateau region and the River Mahanadi flows to its south-east.

Raipur is an important city even in the historical context. The district of Raipur, which shares the same name as the city, was considered to be under the Maurya Kingdom in the past. In the early days, the seat of the Haihaya Dynasty Kalchuri kings was also at Raichur. In addition, the Satwahana kings ruled Raipur during the 2nd and 3rd centuries. Today, one can see the ruins of the ancient sites in the southern part of the city. This attracts plenty of tourists from across India and abroad.

The city is, however, gradually molding into a modern city. The infrastructure is well maintained and the transport connectivity is excellent. The real estate sector is positively gaining momentum while infrastructure development activities are taking the front seat.

Stats and Facts

  • The population of Raipur Municipal Corporation, as per the Population Census of 2011, is 785,829 while the urban populace is 10,10,087
  • The average sex ratio in Raipur is 946 per 1000 males. On the other hand, the child sex ratio is 929 per 1000 boys
  • The average literacy rate in Raipur is 86.90%
  • Raipur is the capital of Chhattisgarh, a new state formed in the year 2000 after it was carved out of Madhya Pradesh
  • The Kalchuri King Ram Chandra founded Raipur in the 14thcentury AD

Agricultural Processing and Industry

  • Traditionally, Raipur is known for its agricultural processing industry. It’s even called the Rice Bowl of India for the variety of rice cultivated in the region. There are over 800 rice milling plants
  • A large variety of agricultural and forest products are also transported to other states in India
  • Now, with change in time, Raipur has become a strong industrial hub, with industrial presence in steel, power, coal, aluminum and plywood sectors
  • Raipur is India’s largest iron and steel market

Connectivity

  • Raipur is well connected by all common modes of transport
  • The city’s airport, Swami Vivekananda Airport, is located just 15 km away from the city center. This airport is connected to most other major Indian airports and operates 38 flights daily. It’s the second busiest airport in central India after Nagpur
  • Raipur is connected to many major cities, including Mumbai, Chennai, New Delhi, Kolkata, Hyderabad, Bhopal, Jaipur, and Ahmedabad, through the Indian railway network. It lies directly on the Howrah-Nagpur-Mumbai line. There are as many as 7 suburban railway stations in Raipur
  • There are as many as 5 national highways, namely NH 6, NH 43, NH 200, NH 217 and NH 12A connecting Raipur to various other cities. The Asian Highway, AH 46 also passes through Raipur
  • Raipur City Bus Limited (RCBL) provides a bus service for intra-city travel. 32 of the 40 buses in operation are low-floor Tata Starbuses. Tuk tuk and auto-rickshaws are also popular modes of transport for traveling within the city

Raipur Civic Administration

  • Raipur is the administrative headquarters of the Raipur district in the state of Madhya Pradesh
  • Raipur Nagar Nigam is the local body for governance which provides the city’s residents basic infrastructure facilities like roads, flyovers, schools, health centers and museums
  • Raipur is one of the two Lok Sabha constituencies of Chhattisgarh

Raipur Infrastructure

Although Raipur is still a traditional city, it’s now rapidly transforming into a more modern city. It boasts of an excellent educational infrastructure, which is one of the most crucial areas for any city. In fact, the city is an educational hub of the region. The network of roadways and railways in the city is also impressive.

Raipur Real Estate Market

  • The real estate market in Raipur has been encouraging ever since the city was announced as the capital of the newly-formed Chhattisgarh. The city is growing rapidly and there are a plethora of real estate development activities
  • Several local developers have significantly contributed to the real estate growth in the city. The retail sector is particularly flourishing
  • Shopping malls, an Information Technology Park and a regional trade center are among the developments occurring in the city. And Omaxe and Reliance are among the city’s major developers
  • Housing Board has been very proactive in building residential properties in Raipur

Key Localities in Raipur

Localities

Per Sq. Ft. Price – Q3 2013

Dhamtari Road

2,000

Mowa

1,931

Charges by Government Bodies

Property Registration

Stamp Duty: 7.5%

Chhattisgarh State Electricity Board (CSEB)

The Chhattisgarh State Electricity Board (CSEB) is responsible for the generation, transmission, and distribution of electricity in Raipur. The board was split into 5 separate companies in 2008.

Power Tariff

Category of Consumers

Units Slabs

Fixed Charge (Rs./kWh)

Energy Charge (Rs./kWh)

Minimum Fixed Charge

LV-1: Domestic

Domestic, including BPL consumers

0-100 units

101-200 units

201-600 units

601 units & above

1.40

1.60

2.30

3.85

0.70

0.80

1.10

2.00

Single Phase

Rs. 30/month

Three-Phase

Rs. 100/month

Category of Consumers

Units Slabs

Fixed Charge (Rs./kWh)

Energy Charge (Rs./kWh)

Minimum Fixed Charge

LV-2.1: Non-Domestic (Normal Tariff)

0 – 100 units

101 – 500 units

501 units & above

2.50

3.00

3.75

1.50

1.80

2.10

Single-Phase

Rs. 50/month

Three-Phase

Rs. 200/month

LV-2.2: Non-Domestic Demand-Based Tariff (For Contract Demand of 15 to 75 kW)

 

Demand Charges: Rs. 150/kW/month on billing demand

4.50

 

Raipur Municipal Corporation – Water Supply

Raipur Municipal Corporation is the local body responsible for supplying water to the whole of Raipur.

Raipur Real Estate Growth