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Rediff (2006.4.24): Realty prices skyrocket in Dehradun

The pressures brought about by unbalanced development are stunning. If the Supreme Court ban is lifted, we can say goodbye to any remaining livability for the city. The city’s environment is already badly frayed and actually carrying capacity needs to be measured and respected, to prevent further difficulties and damage. And what of the people who can no longer afford to live in the city? It seems Dehradun is becoming even more alien to those for whom the state was created in the first place.

Onkar Singh in Dehradun | April 24, 2006 18:32 IST | REDIFF

Prices of properties in Dehradun and Mussoorie in Uttaranchal have shot up with big players like Parsvnath, Ansals and DLF looking for land in these tourist attractions. Though the property rates in the twin towns had shot up soon after Dehradun was named the new capital of Uttaranchal in the year 2000, the increase in prices in recent months has been stunning.

According to Anil Pandi, who is in the real estate business for almost 30 years, cost escalation has been almost fifty times in some cases. “I have been dabbling in the property business for almost three decades but I do not remember having witnessed such a boom. A plot of land which was available for Rs 1 lakh (Rs 100,000) in Dehradun now costs Rs 50 lakh (Rs 5 million). This is the kind of price increase that we are seeing now,” he told rediff.com.

Builders from Kaushambi and Vaishali in Uttar Pradesh who specialise in building malls have also jumped into the fray and the first such mall is coming up in Dehradun on Rajpur Road in the heart of the city.

“Prices of the land in the suburban areas of Dehradun too have jumped up at least ten times. It is difficult to buy a land here because 62 per cent of Uttaranchal is forest area,” Pandi said.

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