Bhopal, May 1 -- Owning a dream home in Bhopal outright, with a full cash payment, remains an unattainable aspiration for most, with approximately 80% of homebuyers counting on home loans to turn the aspiration into reality.
According to the 2011 Census, 87% of Bhopal's population live in self-owned homes, while the remaining 13% reside in rented accommodation. This year, the district administration has revised property rates, and the state government has reported a rise in per capita income. Following these developments, the city has witnessed a noticeable surge in real estate transactions.
A real estate dealer associated with True Reality for the past 15 years, Prince Mishra observes, "The property market in Bhopal has seen a significan...