About

Ranchi, the capital of Jharkhand, is a city with a rich historical heritage, and it is among the oldest cities in the region. Notable landmarks like the Jagannath Temple, Maa Dewri Mandir, and Ratu Palace serve as witnesses to the city's intriguing history. The city covers an area of 175 km², with an average elevation of 651 m above sea level.

The city, with a population of 1,073,427 and an urban population of 14,56,528, is the 32nd most populous in India. Ranchi has a balanced gender distribution, with males constituting 52.1% and females 47.9% of the population. The city has an impressive average literacy rate of 87.68%.

Apartments or flats for sale in Ranchi are in demand due to the city's cultural and historical significance. Ranchi is a major industrial hub in Eastern India, situated in the 'Ruhr of India' (Chota Nagpur), making it an ideal location for mineral-based industries. The city hosts renowned government and private organisations such as SAIL R&D, MECON Ltd, Garden Reach Shipbuilders & Engineers, Central Coalfields, CMPDI Ltd, and others, contributing to its economic significance.

Ranchi, known as "The City of Waterfalls and Lakes," is famous for its captivating water features. Notable lakes in Ranchi include Ratu, Jhiri Lake, and Ranchi Lake, while the stunning waterfalls include Jonha, Churni, Bheya, Hundru, and Dassam. The city offers a diverse range of tourist attractions, including the Bhagwan Birsa Biological Park, Tagore Hill, Patratu Valley, Nakshatra Van, Getalsud Dam, Gossner Evangelical Lutheran Church, Jagannath Temple, and Kanke Dam.

Why Buy Flats/Apartments in Ranchi?

Investing in apartments or flats in Ranchi is beneficial due to its strategic rail and road connections. The importance of NH-6 and NH-33 has significantly improved the connectivity of Ranchi, fostering growth in the real estate sector. Acting as a central hub for regional commerce in agriculture, cotton, and tea, Ranchi houses key sectors, including silk production at Jharcraft, shellac manufacturing at Seedlac Shellac and Impex & Trading Pvt. Ltd., and the production of heavy machine tools at HEC Ltd.

Ranchi provides a diverse range of lifestyle experiences, from savouring the delicious Dhuska, Malpua, or Litti Chokha at Kaveri Restaurant to enjoying the vibrant atmosphere of Spring City Mall. The city's esteemed status ensures a variety of lifestyle encounters for both residents and visitors.

Ranchi offers a range of residential options across different price ranges, catering to the interests of investors and homebuyers. Notable projects like Aryan Jagannath Gardens and NK Oak Elegance exemplify the city's growing real estate landscape.

Investment Trend in Ranchi

Ranchi has emerged as a preferred residential destination in Jharkhand due to its continuous infrastructure improvements, well-planned road network, and affordable housing options. Several burgeoning areas in Ranchi, including Kanke, Namkum, Lalpur, Morabadi and Argora, have caught the attention of homebuyers.

In active areas like Ormanjhi, Booty More, and Singh More, the average property prices typically range from Rs. 3,700 to Rs. 4,660 per square foot. Some top-selling projects in Ranchi include Pranami Blue Sapphire, Shree Sai Enclave, Ekta Regency and Lucky Dream Towers.

Additionally, Ranchi offers attractive rental yields. Bariatu (4%), Namkum (4%), Lalpur (3%), Morabadi (3%), and Argora (3%) are some of the premium areas to rent a property in Ranchi.

Sqft Price for Top 20 Areas in Ranchi

Here is the price list for some of the top areas in Ranchi:

Disclaimer: The mentioned prices are taken from different sources and do not reflect the actual price. The price depends on the offered location, developer, and amenities.

Ranchi's Real Estate Landscape

Ranchi, a renowned industrial hub, has evolved significantly with the establishment of key public sector enterprises such as Heavy Engineering Corporation (HEC), Central Coalfields Ltd. (CCL), Steel Authority of India Ltd. (SAIL), and Mecon Ltd.

Argora in Ranchi stands out for its residential offerings, premium conveniences, and strategic proximity to key business centres, establishing itself as one of the most affluent areas in the city.

Ranchi features luxury projects such as Prarthana Sai Kripa, Prarthana Aanandam, Prarthana Mittal Heritage, Estate Eco Symphony and Aanchal Shubh Chhaya, offering residents a high-end living experience with top-notch amenities and spacious accommodations. Renowned developers like Estate Buildcon, Aanchal Real Estate, Prarthana Group and Pranami Group are operational in the region.