Real estate scenario of Shimla

Q: hi, is it safe to invest in Shimla at present? Please advise the pros and cons.

sumit, Mumbai

28th March 2013

Investment Advice in Shimla

investment advice

invest in shimla

shimla propoerties

himachal pradesh real estate

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Shimla Investment Advice Investment Advice in Shimla

Replies (6)

Investing in Real estate is always a good idea. shimla is Great place where you can invest in property. Shimla is known for tourist Place so that real estate price always increase.
You can visit IndiaPropertyclinic

Nitseh singh, Noida

31st August 2018

Comment

Some of the real estate experts say that the real estate market witnessed a slump in Himachal. In more than a decade, the real estate sales have dropped by 25 percent. Buyers who had planned to buy or invest in the domestic housing in the state are a confused lot. They are hesitating to invest in luxury cottages at prime destinations too.

Shimla, Kasauli, Dharamsala and Palampur towns, which had once been the most-sought after locations for investors, have also observed great fall.

Suresh,

8th April 2013

Comment

Developers are allowed to develop and sell flats and cottages in the state as per the Himachal Pradesh Apartment and Property Regulation Act of 2005. But there is a confusion in the state over the replacement of a law relating to apartment ownership. Some builders have even approached the Himachal Pradesh High Court against freezing flat registrations.

Rubiya,

8th April 2013

Comment

A 2 BHK flat in Shimla is now available at approximately Rs 25 lakh, a 3 BHK is available for Rs 35 lakh to Rs 45 lakh and a cottage costs anywhere between Rs 60 lakh to Rs 80 lakh.

Dhiraj,

3rd April 2013

Comment

Thank u Dhiraj.. have you any idea about the current prices of properties in Shimla? I am looking for staying purpose only..

sumit, Mumbai

3rd April 2013

Comment

Now the rates of properties are falling in Shimla. So u can get good flats/houses at a much lesser rate. Not sure when the prices will get back to normal ranges.. I would suggest it is good for residential purpose than investment purpose.

Dhiraj,

3rd April 2013

Comment