Real Estate Properties in Ranchi

Ranchi is the capital city of Jharkhand, the state that was formed only in the year 2000. This city has the second-largest population in the state, and was earlier the center of the Jharkhand movement for creating a new state. The name Ranchi is derived from ‘Archi’, which is the previous name of an Oraon village. Archi changed to Rachi, which eventually became Ranchi. This city is geographically in the south area of the Chota Nagpur plateau.

Ranchi is also called the ‘City of Waterfalls’. Since this place came to be known as a hill station during the British times, Ranchi has seen a quick growth in population and industrialization. These factors influenced the change in weather patterns and increase in average temperature. The city has now lost its status of being a hill station, but is still a favorite choice for investments in the industrial sector.

After obtaining the status of a state, Jharkhand saw a sudden increase in population in Ranchi and other major places in the state. With more employment opportunities, and openings in offices and banks, many people have migrated to Ranchi.

Ranchi is now famous for being a Tier-III city with the highest employment generation, according to a study by ASSOCHAM.

Stats and Facts

• As per the census report of 2011, the population of Ranchi stands at 10,73,440. However, its urban agglomeration has a population of 11,26,741
• According to the same report, the sex ratio in Ranchi is 920 females per 1000 males, which is around the national average sex ratio of 940 per 1000 males. The sex ratio, however, has increased from what it was in 2001
• Ranchi’s literacy rate is 88.49%, according to the census 2011
• Ranchi has many waterfalls like Dassam Falls, Jonha Falls, Panchghagh Falls, Hundru Falls, and Hirni Falls
• The river Subarnarekha flows through the city. This river along with its tributaries forms the local river system in Ranchi
• The National Institute of Foundry and Forge is the only foundry institution in India is located in Ranchi
• Ranchi was under the rule of the Munda Rajas in the ancient times
• The 34th National Games took place in Ranchi in the year 2011

Mineral Industry

• Ranchi is known as the ‘Manchester of the East’ because it’s abundant in mineral resources. This industry contributes to almost 18% of the national mineral production and contributes significantly to the economy of Ranchi
• Ranchi is endowed with natural beauty and a scenic environment due to its hilly topography, which attracts tourists. In addition, the many beautiful waterfalls in this city are a major attraction, which also contributes to the city’s economy
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• Ranchi is a city in the Ranchi district, which comes under the 250 most backward districts in India. Therefore, this city receives funds from the BRGF (Backward Regions Grant Fund) program

Connectivity

• Ranchi is connected with the major cities in India via railways. Apart from the main Ranchi Railway Station, there are other stations in this city like Hatia Station, Namkom Station, and Tatisilwai Station. Ranchi has trains connecting to cities like Delhi, Jaipur, Chennai, Kolkata, Mumbai, Bangalore, Pune, Hyderabad, Jammu, Surat and many others
• Ranchi has its own airport namely, the Birsa Munda Airport. It has direct flights to cities like Delhi, Mumbai, Pune, Bangalore, Jammu, Chennai, Goa and Kolkata. There is a new international terminal at Ranchi spreading over 19,676 sq. m., with a capacity to manage 200 international and 500 domestic passengers at a time. It has taken off the load from the Kolkata airport
• The road connectivity of Ranchi is excellent. National Highways NH-23 and NH-33 pass through Ranchi. Jharkhand State Road Transport Corporation buses ply from Ranchi, connecting it to other places in Jharkhand. There are Bihar Road Transport buses that run from Ranchi to important cities in Bihar like Patna and Gaya
• The intra-city travel occurs mainly through auto-rickshaws and cycle rickshaws. Jawaharlal Nehru National Urban Renewal Mission (JNNURM) runs around 150 city buses in Ranchi

Ranchi Civic Administration

• The administration of Amritsar city comes under the administrative department of the Ranchi district
• The district has two sub divisions - Ranchi and Bundu
• The Deputy Commissioner or District Magistrate looks after the general administration of the city

Ranchi Infrastructure

Ranchi is one of the three headquarters of the Industrial Area Development Authorities in the state of Jharkhand. It’s responsible for developing the primary infrastructure facilities available like roads, drainage, water supply, parks and public utilities in the city. Estates with international standard facilities are proposed under their jurisdiction, which are likely to boost the Ranchi infrastructure scenario.

Many projects are being undertaken to upgrade the existing facilities and maintain them well. With the government looking forward to the support of private companies pitching in to be a part of the proposed projects, more and more initiatives are being undertaken. Residential, healthcare and educational sectors are progressing significantly. With the Software Technology Park being proposed to be set up at Ranchi, the infrastructure is likely to scale up in the city.

Construction of many roads, bypasses, bridges, flyovers and expressways are being undertaken, where the government is encouraging participation from the private players on Built-Operate-Transfer (BOT) basis. Commercial projects around these areas would develop gradually. A new ring road is under development around Ranchi to reduce the traffic on the city roads. Construction of three flyovers is in progress and the major roads are under the process of widening to six or eight lanes.

Infrastructure Projects

Ranchi Real Estate

• The Ranchi real estate is seeing a rapid rise with several infrastructure projects being undertaken in the city
• The construction of the ring road has interested prospective buyers to buy properties in Ranchi outskirts , which were not very well connected to the main city before. The prices are lower there and the connectivity is good, which has transformed the realty sector scenario
• With the Software Technology Park proposed in the city, more and more developers and builders are coming up with residential projects around for the convenience of the public. Gated communities are coming up which are very much in demand in Ranchi
• With the government supporting an increasing number of projects with private participation, many infrastructural projects are on the rise. In addition, the areas around these places are witnessing increase in property rates

Key Localities in Ranchi

Charges by Different Government Bodies

Property Registration

Stamp Duty: 9% + additional surcharge at 10% of amount of stamp duty

JSEB – Supply of Electricity in Ranchi

Since the state of Jharkhand was formed, electrification of the whole state including Ranchi was undertaken by the JSEB (Jharkhand State Electricity Board). It was separated from the Bihar State Electricity Board.

Electricity Tariff

Municipal Corporation of Ranchi - Supply of Water in Ranchi

The Municipal Corporation of Ranchi (RMC) was formed by combining the former Ranchi and Doranda municipalities and the Ranchi Doranda Joint Water Board. It was the second municipal corporation in Bihar, before Jharkhand was given the status of a state. It caters to the water supply needs of the entire state.

e-Nibandhan

This portal has been introduced to help the people of Ranchi with various utility services with respect to the functionalities that are the responsibility of the Registration Department. Registry processes like Objectionable Land Search, Stamp Duty Calculation, Copy of Deeds, and Online Availability of Non-Encumbrance Certificate can be accessed on this website.