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Kanpur: Commercial hub of Uttar Pradesh

Kanpur: Commercial hub of Uttar Pradesh

The commercial capital of Uttar Pradesh is second (after Lucknow) on the priority list of real estate developers investing in the state.

Click here to see detailed map of Kanpur

The city has expanded linearly from east to west along the river Ganga and GT Road. Kanpur has benefited from good connectivity —it is situated on the intersection of two national highways and falls on the main Delhi-Howrah railway trunk line.

The commercial capital of Uttar Pradesh is second (after Lucknow) on the priority list of real estate developers investing in the state.

Price Propellers

Some upcoming projects that could influence real estate prices in future.

1. Transport network
CNG buses, construction of bus terminals at Jhakarkati, Chunniganj and Azad Nagar; multi-storey parking at Birhana road, Naveen market, Murray bridge and Motijheel-Swaroopnagar areas.

2. Road projects
Development of 116 km city roads, flyovers at Bada Chauraha,Vijay Nagar Chauraha, Guthaia crossing; overbridges at Jarib Chauki, Kalyanpur, Shyamnagar, Dadanagar; bridge over river Ganga.

3. City development

Shifting of industries from city to industrial estates at Chakeri-1 and Chakeri-2, in Phase-I and development of an Industrial Estate at Bhouti Mandhana bypass in Phase-II.

4. Housing

The Government plans to develop 10,000 acres for housing by 2021.Among the approved projects are Gangotri housing scheme on the other side of river Ganga and a 5,000 acre Hitech City at Kalyanpur-Bithoor road.

Investment in infrastructure

Decongesting inner city areas and improvement in road infrastructure and transport are the priority areas in the five-year integrated development plan for the city.

Redevelopment of inner city: 35%

Roads & transport: 31%

Slum development: 24%

Drainage: 5%

Sewerage & sanitation: 2%

River front development: 1%

Cantonment area: 1%

Environment: 1%

Total investment in infrastructure by 2011: Rs 3,789 crore

New residential projects

According to the new building bylaws in the master plan, there is a height restriction of 12.5 metres on buildings*

BuilderProjectLocationPrice (Rs)#
Uttam BuildersUttam ParadisePanki13 lakh
Ratan HousingRatan LokKalpi Road14 lakh
EldecoGarden EstateJawaharpuram16 lakh
PR BuildconPrateek EnclaveVishnupuri20 lakh
# Average price of a three-bedroom apartment
* The restriction on the building height has pushed up real estate prices in the inner city and has also brought to a standstill all new constructions. Builders are awaiting further clarity

Land Use by 2021

With industries being shifted out of the main city areas, the share of residential areas will go up according to the new master plan.

 

 

 

Buying options

AreaCheapPriceExpensivePrice
CentralVishnupuri2,000Civil Lines3,500
NorthIndira Nagar1,200Jawaharpuram1,600
EastGandhi Gram1,200Patel Nagar1,500
WestPanki1,300Kalyanpur1,600
SouthYashoda Nagar1,600Kidwai Nagar2,300
Prices of residential properties in Rs/sq ft 

 Price change

Average percentage price change in 2007 and 2008 (expected)

North:
2007: 20%
2008*: 10%

East
2007: 15%
2008*: 5%

West
2007: 25%
2008*: 15%
South
2007 -- 25%
2008* -- 20%
Central
2007: 40%
2008*: 25%
*Estimated

Source: Ernst & Young, Knight Frank