Real Estate Properties in Nainital

Nainital, a popular hill station in India, is located in the state of Uttarakhand. It is the headquarters of Nainital district. Owing to its picturesque location, it is one of the famous tourist destinations in India, attracting many domestic and international tourists every year. Nainital was once covered with dense forests, before it was reformed to a tourist spot, mainly inhabited by the tribal people of Kumaoni race.

For well over a century, Nainital has been famous for its schools. This beautiful city had met with several significant changes under the British rule in terms of buildings and education. Aryabhatta Research Institute of Observational Sciences, a 50-year old state observatory is located here.

Stats and Facts

• The population of Nainital as per the census report of 2011 is 41,377
• According to the same report, the sex ratio is 933 per 1000 males, which is almost equal to the country’s average sex ratio of 940 per 1000 males
• Nainital has an average literacy rate of 84.07%
• The climate of Nainital stays in the moderate range, mostly varying from 27°C to 7°C; although the winters in Nainital get very cold when the temperature drops to -3°C
• The city of Nainital was founded in 1841 under the British rule
• Nainital has an important mythological reference as one of the 64 Shakti Peeths

The Tertiary Sector

• The city’s economy is majorly supported by the tertiary sector, with tourism being its predominant contributor
• The activities under the tertiary sector are related to small trade and enterprises, hotel business, transport and such other activities
• The arrival of tourists in Nainital hits the peak during summers. In the year 2005, the hill station attracted a tourist crowd of more than 5 lakhs
• Educational institutions and government offices also contribute to the economy of the city to a certain extent

Connectivity

• Pantnagar Domesic Airport, located approximately 65 kilometers from Nainital, allows domestic travelers to reach the city
• The nearest international airport to Nainital is located about 300 km away at New Delhi. International tourists can arrive at this airport and take a domestic flight to Nainital
• Kathgodam Railway Station, situated around 35 kilometers from Nainital, connects train travelers from different part of the country to Nainital
• Nainital can also be reached by the well-established road connectivity. Numerous government and private buses will take the travelers to the hill station
• Hiring a taxi to commute within the city is a good option for tourists and other travelers as well

Nainital Civic Administration

• As Nainital city comes under the Nainital district, the administration of the city is controlled by the Nainital district administration
• The District Magistrate is the overall head of the district
• For administrative purposes, the district is divided into five subdivisions and eight tehsils. A collector heads a subdivision and a tehsildar heads a tehsil
• Senior Superintendent of Police is the head of Police in the district

Nainital Infrastructure

High on tourist attractions, Nainital’s tourism infrastructure has been an ever growing one, with a floating population of around five lakhs, with most of them being tourists. The city administration actively engages in tourism development.

Tourist infrastructure like lakes, forest trails, restaurants, and road and transport facilities is maintained and developed by the city administration. The government is undertaking a Nainital Lake Conservation project, which is aimed towards the maintenance of lakes in the city.

The administration also tries to maintain the quality of civic amenities like water supply, solid waste management and sewage facilities, for improving the overall living quality in the city.

Infrastructure Projects

Nainital Real Estate

• The Nainital real estate market has always been a preferred choice for people looking to buy holiday homes and cottages
• Famous for tourism, the city attracts investors in buying lands for hotels, cottages, restaurants, and so on, targeting the visitors
• Emergence of malls in the city is observed in recent times. This scenario has subsequently raised the land prices to almost fifty times in some cases
• The market for small plots—for as low as Rs 5 lakh per 100 square yard—is also catching up

Key Localities in Nainital

Charges by Different Government Bodies

Property Registration

Stamp Duty: 5% for men and 3.75% for women

Uttarakhand Power Corporation Ltd (UPCL)

Uttarakhand Power Corporation Ltd, formerly known as Uttaranchal Power Corporation Ltd, was incorporated under the Companies Act, 1956 on February 12, 2001 upon the formation of the state of Uttaranchal. UPCL is responsible for power supply to various districts including Nainital as well.

Electricity Tariff

Uttaranchal Jal Sansthan

The water supply in Nainital is operated and maintained in the city by Uttaranchal Jal Sansthan (UJS). Tube wells are the main source of water supply for Nainital, meeting 93% of its total supply. The water supply network covers the entire town of Nainital, barring some pockets.

Samadhan - Grievance Redressal

If the people of the state of Uttarakhand are not satisfied with any government department, they can now log into samadhan.uk.gov.in and register their complaint. The complaint will be addressed in less than 90 days and the status of the complaint can be checked on the website.

Chief Minister Vijay Bahuguna launched the grievance portal to help people register their complaints through an online medium. The portal, Samadhan was launched on the occasion of Republic Day at the CM’s official residence.