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Allahabad Property

Allahabad Property market is taking a surge owing to the increased activities of real estate builders and developers in recent years. Prominent among them are Omaxe and Ansals. The hi-tech township project of Omaxe Groups worth special mention here as it is among the largest hi-tech cities in North India with a total area of 1,535 acres. Known as Omaxe Waterfront, the project is aimed at giving an extremely modern outlook to the city’s skyline. Designed to be a self-sustained township with a clear layout plan, Omaxe Waterfront is certain to give a big boost to the residential and commercial property market in Allahabad.

The city of Allahabad is known since ancient times, although by different names. Over the years the city has grown to become one that symbolizes the multiple cultural pattern of the country. At the same time, Allahabad continued to grow as an educational and commercial hub. The two rivers – Ganga and Yamuna – are the most important landmarks here. Prior to understanding the current property market here, we must have a look at how the urban area of the city has been classified.

The city is basically divided into three parts – the Old City, the Civil Lines and the Outskirts. The Old City is the area which has been populated since the time immemorial. It is a highly dense area with a cobweb of old streets and major roads. It is hard to find land here for further housing construction or infrastructure development.

Another area is Civil Lines which was developed during the British period. It is an open space with modern outlook and beautiful architecture. Most government offices, educational institutions and important buildings can be found here. This area has a number of shopping malls, multiplexes and other such commercial complexes.

The outskirts of the city lie across the river Ganga and Yamuna. Most of these areas run parallel to the highways passing through the city of Allahabad. A number of satellite cities have emerged along these highway paths. Some of the most important include Naini, Jhunsi and Phaphamau. It is Naini where Omaxe is constructing its hi-tech city Omaxe Waterfront.

For buying and selling properties in Allahabad, one must talk to a local property dealer. During the settlement of a deal it is important you have by your side an expert who is well versed with the current rates and prices of properties. Alternatively, you can trust online resources that can help you search properties for sale or rent and also know the current real estate prices in major areas of Allahabad.

Last Updated On: 2012/02/29

Property in Allahabad
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