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Athira Kumari /
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In 2024, the real estate business advanced in eastern India, with Ranchi, Patna, and Jamshedpur being the prominent cities. All these cities have their own allure, historical importance, and contemporary facilities, which may interest potential homeowners. This blog compares these cities, showing their prowess and what sets each city apart in this real estate market context.
Patna, the capital of Bihar, is the 19th largest urban city, with a total population of approximately 2.39 million people. The country’s literacy rate was identified as around 83.37%. The city has better medical facilities and proper air, rail, and road connectivity, thus facilitating proper connectivity within Bihar and Eastern India.
Traditionally an agricultural city, Patna has relatively modernized into an industrial and commercial city. Since 2005, it has seen rapid growth in the FMCG sector and was ranked the second-best city to start a business in 2009. Patna changes with a growth rate of 3% annually. This sector has grown to 72% and has progressively become an IT city since TCS established its office in 2019.
Patna’s education system is vastly popular, including educational institutions like IIT Patna, NIT Patna, AIIMS Patna, etc. This city also has relics from history and present-day fun facilities for the inhabitants and tourists. But it tends to be congested and not very captivating to those who desire serenity and order.
Patna has been witnessing a surge in real estate business growth due to its steady economic growth. Immigration is another cause of the rise of the real estate business in Patna. The residential and commercial properties market is high, so investors benefit greatly from it. However, the city’s traffic congestion may disadvantage some would-be homeowners.
Ranchi, whose population is nearly 1. 07 million, and the literacy rate stands at 87.68% of literacy and its status as India’s 46th largest urban city. The city has accessible roads, rail, and air transport, making getting to other parts of the state and neighbouring regions easy.
Ranchi is an industrial city with good mineral deposits; many mineral-related industries exist, such as the Steel Authority of India Limited (SAIL), the Mineral Exploration Corporation (MECON), etc. In 2010, it was awarded the status of the highest employment generation tier-III city among all Indian cities. The general prices in Ranchi are fairly affordable, making the city a good place to live a quiet life.
Regarding education, Ranchi has numerous primary and secondary schools and colleges; however, students prefer to move to other cities for higher studies. The city is also famous for honouring nature’s beauty; click on Dassam Falls, a religious place for temple lovers at Jagannath Temple.
Ranchi’s real estate market is continuously active because of constant immigration and the expansion of industries. The city has cheap accommodation facilities and peace, making it suitable for families and the elderly who want to live in a quiet environment.
Jamshedpur, India’s first planned industrial city, has a population of 629,659 and a high literacy rate of 89.41%. The city is well-served by national highways and rail routes, and a new airport is under construction to enhance connectivity.
Jamshedpur is well known as the industrial city of TATA Steel, India’s largest steel manufacturing plant. It also houses Tata Motors, Asia’s largest cement grinding plant. It’s a clean city, as the Cleanliness Survey 2020 indicates its rank of 1st, while for Quality of Life, it holds the rank of 2nd in India.
The city also has some of the best schools for higher learning, including the XLRI and the NIT Jamshedpur. Jamshedpur promotes a healthy and active lifestyle with numerous parks, recreational centres, and sports facilities.
Real estate in Jamshedpur is active, with new projects launched consecutively by reputed builders in the country. A few of Ashiana Housing Ltd.’s projects contain Ashiana Sehar, independent homes with luxurious lifestyle amenities like an AC gymnasium, swimming pool, jogging track, etc.
Ashiana Housing Ltd. stands out as a leader in the real estate market, offering premium homes that cater to modern lifestyles. Their projects are not just about providing houses; they focus on creating a comprehensive living experience with a commitment to quality and customer satisfaction. Here’s why Ashiana Housing should be your go-to choice for real estate investments:
Ashiana Sehar – Pardih-Mango, Jamshedpur
Ashiana Prakriti – Dobo, Jamshedpur
Ashiana Tarang – Sector 24, Bhiwadi (NCR)
Ashiana Amantran – Vaishali Extension, Jaipur
Ashiana Ekansh – Mansarovar Extension, Jaipur
Ashiana Nitara – Ajmer Road, Jaipur
Ashiana Malhar – Hinjawadi, Pune
With such a diverse portfolio, Ashiana Housing offers options across various cities, ensuring you find the perfect home tailored to your needs.
These cities have much to offer to real estate investors, homeowners, and alike. A major attraction of Patna is its ability to furnish the promise of economic uplift at a neck-breaking speed and educational facilities coupled with the glitch of a high-density population. Ranchi occupies the interest of people searching for a place that is affordable for living with industrialisation. Regarding quality of life, cleanliness, well-designed layouts, and implemented infrastructure, Jamshedpur ranks high for modern life.
Therefore, depending on one’s lifestyle and economic status, Ranchi, Patna or Jamshedpur should be chosen for investment in real estate or search for a new home. Every city has its unique selling point and opportunity for development in 2024 for one to unlock. Moreover, the lifestyle offered by Ashiana Housing is sophisticated, comfortable and secure no matter which city you choose.
Athira Kumari,
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