Real Estate Properties in Bokaro

Bokaro is a city in the state of Jharkhand that makes a significant contribution to the industrial sector in India. The headquarters of the Bokaro district is Bokaro Steel City, an important industrial hub in eastern India. It is a highly industrialized region and houses the largest Indian steel plant.

Bokaro Steel City is the headquarters for Dhanbad and Giridih, which form the Koylanchal range together along with Bokaro. Bokaro Steel City, Dumka and Ranchi are the headquarters for the Police IG zone, which includes the seven districts of Ramgarh, Hazaribagh, Giridih, Chatra, Dhanbad, Koderma, and Bokaro.

The city lies in the Chhotanagpur Plateau, decorated with twisting streams and graded valleys. The city almost seems like a miniature version of India because of the amalgamation of people here and activities that take place in the city.

Stats and Facts

• The population of Bokaro is 563,417 according to the provisional reports of the 2011 census.
• The city has a sex ratio of 883 per 1000 males as per the census 2011 reports.
• The average literacy rate in Bokaro is 86.80%.
• Unlike other cities in the Indian subcontinent, Bokaro Steel City’s agricultural sector is not prominent, with only a few crops being cultivated in the outskirts of the city.
• The Bokaro mall was built at a cost of Rs. 60 crore in the center of Bokaro Steel city.
• The city is a well-equipped metropolitan with sufficient educational institutions, hospitals, stadiums, multiplexes, infrastructure, transport facilities, accessibility, and many upcoming real estate projects.
• The city is also the base of operations for large corporations and IT companies, with a thriving economy.
• Bokaro Steel City is the fourth-largest city in the state, 87th largest city in the country and 66th largest urban agglomeration in India.

Industry and Services Sector

• The Bokaro Steel Plant is the crux of the city’s economy. Steel is also the city’s major exportable item.
• The region has a vast resource of coal deposits. Limestone, quartz, sand, stone, and other minerals are also found here.
• Some of the larger industries located here are Electrosteel Castings Limited and Bokaro Jaypee Cement Limited. Electrosteel Castings Limited is a pipe manufacturing company from Kolkata and Bokaro Jaypee Cement Limited is a joint venture formed by the Steel Authority of India (SAIL) and the Jaypee group.
• Ashoka Foundry and Equipment Pvt. Ltd., Bokaro Laminating Ind., B. L. Organic Pvt. Ltd., Eastern Neptha Chemicals Ltd., Ferro Scrap Nigam, Prem Engineering Industry, Narve Ram Co. Ltd, Nirmal Equipment Pvt. Ltd and Quality Rubber Industry are some of the other large-scale enterprises found here.
• The service sector in Bokaro Steel City is another prominent contributor to the city’s economy. Computer training centers outside Sector 4 and the market nearby selling hardware components for computers has made the region a center for computer studies.
• The city is filled with wholesale markets that deal with vegetables, groceries, and other items. Chas, Dundi Baag, Rai Chowk, Kurmidih, Ramdih More and Sector 5 are just a few of the markets in the city.
• The city’s economy is supported by the Bokaro Industrial Area Development Authority.

Connectivity

• The nearest commercial airport is the Birsa Munda Airport in Ranchi, about 120 km away. The airport offers domestic flights to many major cities within India like New Delhi, Kolkata, Mumbai, Patna and Goa. The Bokaro Airport is used only for private purposes by SAIL and VIPs.
• Bokaro Steel City Railway Station is the major station located in the city, around 12 km from the city’s heart. Managed by the South Eastern Railway division of the Indian Railways, it connects the city to many Indian cities. Some of them are New Delhi, Kolkata, Hyderabad, Coimbatore, Mumbai, Lucknow, Chennai, Raipur, Nagpur, Gorakhpur, Visakhapatnam, Varanasi, Jabalpur, Alappuzha, Guwahati, Surat, Bilaspur, Amritsar, Patna and Bhubaneshwar.
• Since the city is located at the meeting point of the national highways NH-23 and NH-32, it is well connected to nearby areas like Jamshedpur, Patna and Dhanbad including the state capital Ranchi.
• The Jharkhand State Road Transport Corporation runs an intricate network of interstate buses in the region. Private bus agencies also provide transport services for the city. Auto-rickshaws and taxis are the popular means of local transport.

Bokaro Civic Administration

• The Bokaro Steel City’s Town Administration Department and Bokaro district authorities take care of the city’s civic administration currently.
• The Chas-Bokaro Municipal Corporation used to manage the civic administration for Bokaro Steel City, Bandhgora, Chas and the village of Kamaldih until recently. Chas is considered to be the twin city of Bokaro and is a part of the urban region of the Steel City.
• The steel city is divided into 12 sectors with each sector consisting of many sub-sections.
• The Bokaro Industrial Area Development Authority (BIADA) takes care of urban planning and infrastructure for the infrastructure utilities like drainage, road, water supply, parks, and other public utilities in Bokaro Steel City.
• For administrative purposes, the Bokaro district is divided into the Chas and Bermo subdivisions. Chas has two blocks called Chandankiyari and Chas. Bermo consists of seven blocks, namely Jharidih, Kasmar, Bermo, Chandrpura, Peterwar, Nawadih, and Gomia.
• There are 692 census villages in the district governed by 251 panchayats.
• The Bokaro Steel City Police, a division of the Jharkhand Police, maintain law and order in the city.

Bokaro Infrastructure

Bokaro Steel City is efficiently planned with wide four-lane and six-lane roads running through the city, excellent public utilities, and trees lining the roads. The steel plant has boosted infrastructure growth in the region with many projects cropping up, in and around the region. Many large companies are eyeing the city as their next home.

Infrastructure Projects

Bokaro Real Estate Market

• The city is popular among some of the biggest real estate developers because of the high rate of industrialization in the steel city. The migrating population of the city is very high, giving the real estate sector a lot of scope to grow.
• The well-organized infrastructure facilities of the city have contributed to the economy of the city which in turn has aided real estate growth. Bokaro steel city is one of the fastest developing cities in south Asia.
• Residential and commercial land valuation rates have been increasing exponentially over the years due to the increased infrastructural projects being constructed in Bokaro Steel City.

Key Localities in Bokaro

Charges by Different Government Bodies

Property Registration

Stamp Duty: 4% of market value

Registration Fee: 3% of the market value

Jharkhand State Electricity Board

The Jharkhand State Electricity Board is responsible for the electrification of the entire state, including Bokaro. The Bokaro Power Supply Company Limited handles power supply for the Bokaro Steel Plant.

Electricity Tariff

The Bokaro Industrial Area Development Authority - Water Supply

The Bokaro Industrial Area Development Authority, Bokaro Steel City Town Administration Department and state government authorities handle water supply for Bokaro. The main sources of water for the city are the Tenughat Dam and Garga Dam. Shallow and deep bore wells and hand pumps form a systematic network of ground water supply for domestic needs.

E-Samadhan

E-Samadhan is the computerized complaint system created by the state Police forces to attend to citizen’s needs in a quick and organized manner. Once a citizen registers a complaint a unique number is given to them to track the status of the complaint. All complaints are also archived for future reference.