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Prayagraj

Commercial & Residential Property in Paryagraj

Prayagraj FACTSHEET

Omaxe Prayagraj is born out of a vision. A vision to bring global living to its citizens.

Medicity

International Cricket Stadium

Education City

Luxury Hospitality

Green Park

Road Connectivity

ABOUT Prayagraj TOWNSHIP

With presence in 8 major states and 27 cities, Omaxe has both residential and commercial properties for our customers.
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About Omaxe in Prayagraj

Omaxe Group is developing Omaxe Waterfront, a 1500 Acres hi-tech integrated township, which will be first such self-sustained township in the city. The township is located on the banks of river Yamuna and enjoys proximity not only to the river but to the international school, hospitals, universities and various other amenities.

The township is connected to the old city and local marketplace via a six-lane cable bridge running across the river. Omaxe Ananda and Shiva are the two residential projects which are ready for possession in the township.

Omaxe Waterfront integrated township enjoys the company of Saraswati Hi-Tech City developed by UPSIDC. The twin townships will surely complement each other with economic growth as the city expands.

Promotion of Prayagraj as Kumbh Nagari by UP govt. has given wings to an already bustling economy of the city. The economic spurt is pushing the city expansion across the rivers due to the paucity of land within the old city.

OUR EXCLUSIVE PROPERTIES

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UPDATE 2019

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Over the last 31 years, Omaxe Ltd. has established itself as a major brand in the real estate sector. Creating a balance of advanced technology, detailed architecture, prime locations and modern amenities, we at Omaxe Ltd. always work towards turning your dreams into a reality.

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NEWS & VIEWS

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FAQ's

Allahabad or as we now call it Prayagraj, has been the center of attraction for a couple of years now. After Uttar Pradesh CM Yogi Adityanath approved Ganga Expressway connecting Prayagraj with western UP as well as the new airport complex was inaugurated, it became evident that Prayagraj will be the center of attention for all-round development. 

New developments have been seen in residential projects in locations like Mundera Bazaar, Sulem Sarai, Dhanuha, Jhusi, Naini, Bajha and Jhalwa. Prices in these locations are also quite affordable as compared to metros and start from 35 lakhs onwards for 2, 3 and 4 bhk properties. There are also many open spaces available in Jhalwa and Naini for constructing of freehold residential projects.

 Recently it has been noticed that due to several transformation steps taken up by the government, many real estate developers have started to work on various residential projects to meet the demand of the estimated population of 1.11 million. However, if you are looking for residential projects then we would recommend Naini as a prime location for you. It’s close to the chief industrial area and is also referred to as the twin city of Allahabad. 

There are a couple of projects like Omaxe Annanda located in Naini, Omax Shiva and Omax Shiva Phase 2 which has shown not only good returns but also provides a high quality of living and comfort for residential apartments when compared to any other project nearby this locality.

On the other hand, if you're looking for investment options in upcoming projects, consider visiting a reputed developer and one who is trusted for standing tall on the commitments and delivery of the project.

Investing in real estate property is not an easy task and takes a lot of planning careful market research and analysis of property and returns. If you are planning to invest in a ready to move-in flat, make sure to keep these 5 points in mind - 

  • Background cross-checking before investing
  • Calculation of total expenses as well as returns 
  • Review investment loan procedures
  • Choose the right project and developer/builder
  • Nearby locations and successful commercial complexes
  • Speak to locals instead of property dealers, as it will help you to understand the project better

Pay frequent visits to the site to understand more about the property 

The prevalent rate trends of Prayagraj defines the overall state of the real estate sector in the state of Uttar Pradesh. These pricing trends help to figure out whether it is the right time to invest or not.

According to the current market price, the property rates start from Rs.20 lakhs for 1-BHK and the average price was noted to be Rs. 35.23 lakhs for a 2-BHK apartment. But while investing in a property one of the biggest challenges faced by an investor is to figure out the actual value of the property and this apprehension keeps them from investing in the first place. Real estate agents with the intention of making a quick buck end up fooling the clients by asking them to pay more than the actual market price. Or the actual rate and circle rate of the property differ by a great margin. To solve this issue, you should always keep in mind that the value of the property is broadly based on factors such as Location, Accessibility, and Site.

Moreover, the seller can demand more for prime locations and the only way to find out the best location is either searching in the heart of the city or where there are maximum numbers of employment opportunities like for instance Naini is a good place to invest your money.

If you are looking for a commercial property in Prayagraj, some important points should be kept in consideration before finalizing the property. Whether you are a seasoned investor or someone looking for his/her dream home in Prayagraj, we have the following recommendations for you:

  1. Check for project Approval and License
  2. Check how far are the projects with nearby business or industrial locations for ease of travel. 
  3. Verify about developer/builder associated with residential property
  4. Only the local banks are supporting the project? Or nationalized banks are supporting too?
  5. Any recent projects completed by the developer and its success/quality of the construction. 
  6. What is the rental income of other similar projects in the area
  7. Are their nearby markets, schools and shopping complex. 

Jhusi, Naini, Civil Lines &Jhalwa are the top and premium localities for having a residential apartment

If you are planning to invest in Prayagraj, consider investing in the projects of Omaxe Group in the area as not only they are one of the reputed developers in the area, but also their Omaxe Shiva and Omaxe Shiva Phase II are ready for possession. Furthermore, there is the assurance of not blocking your investment amidst the slowdown. The Omaxe Shiva Phase II was launched owing to the success of Omaxe Shiva and it's quite evident that investing in either of the projects will yield high returns.

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