Real Estate Properties in Bhopal

Bhopal is the capital city of Madhya Pradesh. It lies in the central region of India, and is thus accessible to all major cities located across the length and breadth of India. It’s primarily divided into new Bhopal and old Bhopal. Within the state, it’s the administrative headquarters of the Bhopal district.

The city of Bhopal is a classic amalgamation of the old and new. Those visiting the city will find a sprinkling of ancient temples and mosques as well as modern educational institutions and research facilities. Bharat Bhavan, one of India’s cultural centers is located here. Taj-ul Masjid, Laxmi Narayan Temple, and Shaukat Mahal are among the popular places of worship.

An A-2 class city, Bhopal is a strong economic, political, and educational center. Among the prominent national institutes and facilities in Bhopal are Indian Space Research Organization’s Master Control Facility, Bharat Heavy Electricals Limited (BHEL), Indian Institute of Science Education and Research (IISER), and School of Planning and Architecture, and Maulana Azad National Institute of Technology (MANIT).

Stats and Facts

• The population of Bhopal, as per the reports of the Census of India 2011, is 17,95,648. The urban/metropolitan population, on the other hand, is 18,83,381
• The average sex ratio of Bhopal is 911 per 1000 males, which is well below the national average of 940 per 1000 males. The child sex ratio, on the other hand, is 917 per 1000 boys
• The average literacy rate of Bhopal is 85.24%
• With a number of natural and artificial lakes present in the city, Bhopal is affectionately called the City of Lakes
• Bhopal is known internationally for the Bhopal Gas Tragedy that occured in 1984. A whole host of poisonous gases was released in the air, from the Union Carbide India Limited (UCIL) pesticide manufacturing plant. This is one of the worst industrial disasters the world has ever seen
• Geographically, Bhopal is located on the Malwa Plateau and just north of the upper limit of the Vindhya mountain ranges

Industrial Production

• Bhopal has several industrial areas or zones containing both small-scale and medium-scale industries
• The prominent industries in the city are flour and cotton milling, painting, cloth weaving, heavy electrical equipment such as traction motors and switch gears, sporting goods, and matches
• The largest manufacturing enterprise in India, Bharat Heavy Electricals Limited (BHEL) has a unit in the eastern part of the city
• The Govindpura Industrial Area has 1044 industries involved in multiple kinds of production activities. The largest industrial area in Madhya Pradesh though, is Mandideep. The world’s largest graphite electrode plant, Hindustan Electro Graphite (HEG), and India’s oldest tractor manufacturers, Eicher Tractors, are situated in the city

Connectivity

• Bhopal has an international airport near the satellite suburb of Bairagarh. The Raja Bhoj International Airport can be reached through multiple road routes
• Bhopal being centrally located, it is well connected by train routes. It lies in the West Central Railway Zone and has 3 railway stations. Bhopal Railway Station, Habibganj Railway Station and Bairagarh Railway Station are the major railway stations in the city
• Bhopal’s road connectivity is excellent, with two national highways, NH 12 and NH 86 connecting the city to major cities in the east and west. One can reach Indore from Bhopal by taking the State Highway 17. There are daily buses to the other towns and cities in Madhya Pradesh as well as to cities in other states, such as Nagpur, Ahmedabad, Vadodara, Shirdi, Pune, and Jaipur
• Bhopal City Link Limited provides bus service within the city. Besides the metro buses, it operates the GPS navigation-enabled Tata Starbus. Private operators, too, add to the strength of the bus network in the city. Auto-rickshaws and radio taxis are other popular modes of transport in the city
• In the year 2013, a Bus Rapid Transit System named MyBus became functional in Bhopal

Bhopal Civic Administration

• Bhopal Municipal Corporation (BMC) manages the administrative affairs of the city
• The city under the BMC has 66 wards, each headed by a corporator directly elected by the people of the ward
• A mayor for the city is elected from amongst the council of members
• The Municipal Corporate Office, which is responsible for managing several areas including planning and development, revenue and tax, and health and sanitation, is headed by the Commissioner of Bhopal
• Bhopal also houses the Vidhan Sabha, or the State Legislative Assembly

Bhopal Infrastructure

Bhopal is a mixed bag when it comes to infrastructure. Transport infrastructure in the city can be described as adequate, helped largely by the centrality of its location. There are as many as 6 railway stations in the city proximity too. A metro rail project is already under development.

The education infrastructure is what’s top-notch in Bhopal. The city hosts a large number of schools, colleges, and universities, all affiliated to different boards of education. There are over 4 Kendriya Vidyalayas in the city and over 550 state government-sponsored schools, in addition to numerous private schools.

Infrastructure Projects

Bhopal Real Estate Market

• Because Bhopal is strategically located, it contains, as well as attracts, semi-government and government agencies
• The lending of commercial property on lease is a trend in the city
• MP Nagar and Old City Market are prominent areas for setting up commercial ventures. Other popular areas with commercial spaces are Bairagarh, TT Nagar, and New Market
• 88% of the residential properties in Bhopal is accounted for by independent houses, i.e., bungalows and duplexes. A triplex, which is a dwelling composed of 3 units, is also catching on quite quickly in Bhopal
• The mall culture hasn’t penetrated Bhopal as yet. Retailing in the city is of the high-street type

Key Localities In Bhopal

Charges By Government Bodies

Property Registration

Stamp Duty: 5% of the cost of the property calculated on the ready reckoner rate

Registration Charge: 1% of the property value calculated at the ready reckoner rate

Madhya Pradesh Madhya Kshetra Vidyut Vitaran Company Limited (MPMKVVCL)

MPMKVVCL is responsible for the distribution and retail supply of electricity to Bhopal. It’s a wholly owned government company that received its commencement of business order in July 2002.

Power Tariff

Domestic Category

Category 1. For consumers who have been sanctioned a load of under 100 W and consumption under 30 units per month

Category 2.

Bhopal Municipal Corporation for Water Supply

The Municipal Corporate Office of the Bhopal Municipal Corporation is responsible for the management of several departments including water supply.

Bhopal Municipal Corporation (BMC) supplies an average of 170 liters of water per person every day. BMC has provided water connections to places of worship, free of cost. Narmada river, Kolar Dam and the Upper Lake are the major sources of water.

Water Tariff

Computerization oThe Revenue System

In an attempt to make administration efficient and ensure timely delivery of services, the Bhopal Municipal Corporation has initiated several computerization reforms, including that of the revenue system. The water-rate database and property tax and its billing are now automated. The bills are also now delivered by a private courier firm, just so that the bills can be delivered in time.