Real Estate Properties in Roorkee

Located in the Haridwar district of Uttarakhand, Roorkee sits upon a flat terrain surrounded by the grandeur of the Himalayas from the East and North East. A city and seat of the Haridwar Municipal Corporation, it rests on the banks of Ganges canal, between Dehradun and Delhi. It also has been the headquarters of the Bengal Sappers (Bengal Engineer Group) since 1853.

In 1900, Roorkee started the manufacture of survey and nautical instruments for the Thomason College of Civil Engineering, now known as IIT Roorkee. Later, it moved on to the manufacturing of compasses, levels and other surveying instruments. Ever since Uttarakhand got it’s state status, Roorkee has grown into an industrial powerhouse with over 100 industries and corporate houses under the State Industrial Corporation of Uttarakhand. Apart from many business and service centres, Roorkee also has many advertising agencies also providing electronic, print, outdoor and online media services.

Stats and Facts

• The population of Roorkee, as per the provisional reports of the Census 2011, is 2, 89,478
• The city’s sex ratio is below the national average, at 847 per 1000 males. The child sex ratio follows the same trend with 832 girls per 1000 boys
• The average literacy rate of Indore is gradually increasing with the current rate at 84.29%
• With a population of about 2, 89,478 inhabitants, Roorkee is the third largest Municipal Corporation in the state of Uttarakhand, after Haridwar and Dehradun
• Hindi, Urdu and Punjabi are the three main languages spoken here

Roorkee Economy – Striving Industrial Sector

• Hilly and inaccessible terrain, lack of connectivity, gaps in infrastructure, non-availability of raw materials and limited access to markets all contributed to the economic backwardness of Uttarakhand region in the late 90’s. The main objective for the creation of the state of Uttarakhand was to ensure rapid growth in the economic-industrial sector in the coming future
• To counter attack the slow growth, the State government announced The New Industrial Policy in 2003. This allowed private participation in the tapping of natural resources while promoting integrated Industrial Estates in Uttarakhand. As a result, Roorkee has emerged as an attractive industrial destination in India
• While Roorkee is known for its manufacturing sector in nautical and mathematical instruments, the government is planning a massive revival of traditional industries like handicrafts, handlooms and khadi industries
• Due to the rich abundance of flora and fauna, there has been an emergence of many other industries in Roorkee like biotechnology, agro based and food industry, floriculture and forest based industry
• Successful industrial development lies in infusing investments and state-of-art technology. To achieve this - specific industrial projects will be constituted for technology transfers and foreign investments. Also cooperation is being sought after from Apex industry associations, private industries, and UN industries like UNIDO and UNDP to promote investments from non-resident Indians
• Today there are 75 big, small survey and drawing instrument units which are into production of instruments worth crores of rupees annually
• With the export-oriented industry expecting a boom, the annual export of the industries of Roorkee is expected to touch a whopping Rs. 70 crore mark
• There are several reasons why investment in Roorkee is a good option. The Udyog Mitra is a state facilitated body set up by the State government serving as a consultative mechanism between the government and private industries to create an industry friendly environment. The government also announced a Concessional Industrial Package to encourage private participation. Adding on, there is a dedicated land bank for allocating land for projects across the district
• Roorkee also has the potential for being the hydro-powerhouse of the nation as only 9% of it’s total potential has been tapped till now. Apart from state provided incentives, healthy climate and a pollution-free environment have made Roorkee a hot spot for future development

Connectivity

• The closest airport to Roorkee is the Dehradun’s Jolly Grant Airport. But due to it’s lack of services the New Delhi International Airport is a preferred choice located just 200 kms away
• Using the train system is the easiest way to get to Roorkee. The Roorkee city station is located coming in the Northern Railway region, and connects to most of the Indian cities on a daily basis
• Several buses run from various cities in North India and pass through the main bus depot on NH-58 in Roorkee
• Vikram Auto Rickshaw and cycle rickshaws are the most common ways to get around the city. Walking is recommended in the old parts of the city

Roorkee Civic Administration

• The city is a part of six blocks, namely, Bhagwanpur, Narsan, Bahadrabad, Khanpur, Laksar and Roorkee that come under the Haridwar district civic body
• Each subdivision serves the purpose of general, criminal and revenue administration of the district
• The Roorke sub-district is headed by the Sub Divisional Officer, normally SDM
• A Chief Development Officer (COD) oversees the development of the Haridwar District, and also heads a team of Block Development Officers who administer at the subdistrict level

Roorkee Infrastructure

Roorkee is the home to many prominent research centres including National Institute of Hydrology, Irrigation Design Organisation, and Central Building Research Institute etc. While these institutes contribute significantly towards the development of Roorkee, none have been more influential than IIT-Roorkee over the years, giving it a globally recognizable face. The city of Roorkee and its surroundings have an immense potential for the development of educational and industrial activities as the Government recently signed a Rs. 540 crore agreement with the Asian Development Bank for aiding urban and infrastructural development in Uttarakhand. For transforming the rural areas of Roorkee into productive economic zones, Provision of Urban Amenities to Rural Areas (PURA) has been used as one of strategies to see this forward. With the help of IIT-Roorkee, the government plans to develop a comprehensive sewerage system that will have the capacity to provide proper sanitation facilities to residents in Roorkee. The city of Roorkee shelters a myriad of old monuments, though majority of the city’s construction has taken place recently. This sudden pace of development clearly indicates the advancement of technology in the growing city.

Infrastructure Projects

Roorkee Real Estate Market

• Real estate in Roorkee is progressing with giant leaps. Recently, the city has transformed into a hot spot for buying, selling and renting of all types of property, residential as well as commercial
• Improved basic amenities, well-organized residential and commercial complexes, townships and a better transportation system have significantly contributed to the growth of Roorkee’s property market. Apart from improving the quality of development, real estate projects in Roorkee shimmer with futuristic architectural designs
• While there has been a considerable gain in the commercial value of Roorkee, the residential is gaining an upper hand. Group Housing Projects in Roorkee is a major player among others that enjoys a massive share of development and construction in the realty sector
• While this quaint town is seeing a growing investment trend in the commercial sector, residential housing for the common masses will be the predominant area of concern in the foreseeable future

Key Localities in Roorkee

Charges by Different Government Bodies

Stamp Duty for Rural and Urban Areas: 4.5% if the vendee is a woman up to 20 Lacs and 5.5% if the vendee is a man. Flat 3% on the amount after this.

The Uttarakhand Power Corporation Limited

The Uttarakhand Power Corporation Limited (UPCL) is responsible for transmitting and distributing electricity to all the districts in the state including Roorkee. It provides quality and reliable power supply to all the consumers.

Electricity Tariff

Uttarakhand Jal Sansthan

Uttarakhand Jal Sansthan (UJS) caters to the supply of potable water in Roorkee. The board provides water to the whole of Uttarakhand except the cantonment areas. The UJS came up with a system called SCADA to provide uninterrupted power supply to the citizens. It’s being used for operating and maintaining the tube wells. UJS has also been awarded with the National Urban Water Award for developing River Bank Filtration, which provides alternative methods to provide drinking water. It’s low cost and efficient.