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What can I buy for 5 lakhs


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Old Aug 30th, 2005, 15:39   #1
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What can I buy for 5 lakhs

I have long dreamt to settle down in the hills..
And after a few visits to uttaranchal, I know that the place I would like to stay when I retire.
but i am not a rich guy.. At the moment I can spare just 5 lacs to buy a small peice of land, house or whetever.
What can I expect my small budget to buy me in the hills?? A good house on a remote village or a few acres of land in the hills??

Any pointers to it would be really helpful.
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Last edited by machadinha : Aug 6th, 2007 at 20:21. Reason: adjusted title
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Old Aug 30th, 2005, 15:53   #2
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Go for A good house on a remote village. Keep a couple of cottage (ok, rooms) reserved for IMers and other travelers interested in off beaten track.
Ha ha….. think about it, it is not a bad idea!!!!
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Old Aug 30th, 2005, 16:23   #3
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Smile

While trekking the Himalayas, I came across lovely and breath taking place - Sonapani - near Garh Mukteshwar in Kumaon Hills. I understand a group of professionals have joined hands together to create "Himalayan Village". You may like to touch base with them. Browse ( www.himalayanvillage.com) and see if you like what you read.


some developers have got their act together in acquiring land and constructing small cottages around Garh Mukteshwar. Much depends on where do you wish to locate...

Happy hunting...
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Old Aug 30th, 2005, 17:19   #4
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Settling in Uttranchal .. even my dream too.... after retirement.. <sigh>
I think in 5 lacs you can get a decent piece of land but it will be away from the road which is not so bad coz every time you want to go to your cottage you have to do a small trek
All the best !!
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Old Aug 30th, 2005, 17:46   #5
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it can buy a pinch of happiness - but not the moon!!
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Old Sep 1st, 2005, 16:16   #6
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Thanks for your replies..

Looks like settling in uttaranchal may be the dream for many of us...

Would anyone suggest any beautiful remote village that one has visited. Also how can I do a land dealing in uttarachal?? Is it allowed by law for a non-uttaranchali to buy land there??

Can I expect 3 -4 acres of land in a remore area within my budget??
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Old Sep 1st, 2005, 17:36   #7
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I think buying land in hill stations work on different parameters. In spite of solitude one may still have to look for proper accessibility to nearest road head or town of modern supplies. And this factor alone can swing the land prises in hills rather very dramatically.

I don’t know about Kumaon or Garhwhal where state outsiders are allowed to buy land. But Himachal won’t allow any non himachali bonafide resident to buy lands. But am told there are ways to circumvent this issue and believe them to be so. I prefer shimla dist if I ever hv to buy land for a small cottage in hills.
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Old Sep 10th, 2005, 11:25   #8
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ideal location

hi
Let me confess at the beginning that I too have such a fantasy of "settling down" in the uttaranchal Himalayas.
Then the next thought that pops up is the location. I think the ideal place should be easily reached from the plains and 'equi-distant' from both Kumaon and Garhwal. IMHO Ranikhet is better suited for this. What do you think?
Yes, Gwaldam is also nice place relatively from the tourist crowds of Ranikhet. Karn Prayag is only 2 hours away and Bageswar just an hour's drive. Cost of the land is also less comared to Ranikhet, I guess. But to reach that place from the plains, it takes quite a bit of time.

What do you think is the best place?
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Old Sep 11th, 2005, 00:29   #9
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Thumbs up expensive...

Everyone going to the Himalayas has this dream....

The accessible places are pretty expensive. For Rs 500,000 you can set up a home in an inaccessible place.... say around two hours trekking from the road point... in some places you might have to marry a local girl to be a landowner... this is how some foreigners have done it in the Manikaran valley.

All the best!
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Old Sep 11th, 2005, 01:19   #10
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its a nice idea . but.........I think buying land in the hill states is difficlut if you are a non resident of the state . A non- resident can't buy land in HP or J&K similarly I think that is the case with Utarancahal , Sikkim and ither hill states. check it good luck
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Old Sep 11th, 2005, 02:39   #11
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Hi,I can Help If anybody wants any information coz I am Frequent Traveller to Uttranchal....I know good places to stay..and buy a good land...
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Old Sep 12th, 2005, 12:03   #12
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Thank you all for your opinions..

I like Rajkumar's idea of seeking a place near gwaldam..

I got some quotes from a real estate agent yesterday...

1. Land adjacent to Lake in Bhimtal (3 lacs/nali)
2. Land in Meharsaab on Bhowali road (5 lacs/nali).
Looks like the option #2 is hot among the delhiities and lots of properties are coming up there..

Nali = 2160 sq. ft.

Keep posting if you come across more info..
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Old Sep 13th, 2005, 18:47   #13
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Properties for Rent/Sale in hills

I found a few Ads for property for sale and rent in hills..
I am pasting my search for the benefit of othere here:


Ad Title FOR SALE IN MUSSOORIE
Property Location India, Uttaranchal, Rest of
Property Type Residential
Type Available for Sale
Additional Information MUSSOORIE 15 Km 5 Br Hse Temple stream 36L & make holiday homes @5L in Club Campus for friends. 09358108546

============================== ============================== =============
Ad Title accommodation
Property Location India, Himachal Pradesh, Manali
Property Type Residential
Type Available for Sale
Additional Information IN Manali 3 BR fur d cottages with servant kitchen facility available on weekly/ long lease contact: Mr Kalra 011-26273588
============================== ============================== ==========
Ad Title TO LET
Property Location India, Uttaranchal, Dehradun
Property Type Paying Guest/Room Mates
Type Available for Lease
Additional Information MUSSOORIE To Let furnished three B/R Flat with kitchen rs 2500 day till 15th July or 11 month lease @1,20000 per annum on mall . 09897251797
============================== ============================== ==========
Ad Title TOLET HIMACHAL
Property Location India, Delhi
Property Type Paying Guest/Room Mates
Type Available for Lease
Additional Information ROBINS Nest in Rajgarh (HP) Fully furnished 2 BR Cottage for long/short stay 01799-221219, 09816494601.
============================== ============================== ============
Ad Title Flat in Naini Tal for sale
Property Location India, Uttaranchal, Nainital
Property Type Residential
Type Flats/Apartments : Available for Sale
Offered By Resale by Owner
Ownership Details Freehold - Registered
Property Address & Location Details Five Room flat, woodwork, 2 Toilets(western and Indian) Bathroom, Kitchen, store and balcony overlooking the beautiful naini lake. Situated in the heart of Nainital walking distance from main markets, hospitals and Mall Road. Genuine buyers only contact 94122-17875
Area Not Specified
Price / Rent Rs. 2000000.0
No. of Bed Rooms 3
No. of Bath Rooms 2
Floor Available 2 Storeys of 4 Storeys
Additional Information Buyers contact 94122-17875
Additional Features Cable , English Toilet , Garbage disposal , Gas Connection , Recreation , Indian Toilet , Parking , Wood work , Balcony
Picture Not Given
============================== ============================== ============
Ad Details: Property - Residential
Ad Title MUSSOORIE - SUMMER COTTAGE
Property Location India, Uttaranchal, All of
Property Type Residential
Type Hill Accommodations : Available for Sale
Offered By Rent by Owner
Ownership Details Freehold - Registered
Property Address & Location Details 2/3 B/R COTTAGE, NEAR I A S ACADAMY, MUSSOORIE.
Area 1000.0 sq. ft.
Price / Rent Rs. 2000.0
Payment Plan Cash Down
Year Built 1997
Amenities Furnished , Power , Water , Telephone
Neighbourhood Detail
Market 1.0 K.M.Away
Hospital 2.0 K.M.Away
Police Station 1.0 K.M.Away
Railway Station 35.0 K.M.Away
Bus Station 2.0 K.M.Away
Airport 40.0 K.M.Away
School 1.0 K.M.Away
No. of Bed Rooms 2
No. of Bath Rooms 2
Floor Available 2 Storeys of 2 Storeys
Additional Information ENJOY THIS SUMMER IN MUSSOORIE. A BEAUTIFUL FULLY FURNISHED SUMMER COTTAGES, 1/2/3 B ROOMS, EQUIPPED KITCHEN AVAILABLE ON SHORT/LONG LEASE REALISTIC RENT. 09837148450/01352631098/02226310397.
Additional Features Security , Cable , Internet Connection , English Toilet , Garbage disposal , Gas Connection , Parking , Wood work , Balcony
Picture Not Given
============================== ============================== =============
Ad Title house on rent at shimla
Property Location India, Himachal Pradesh, Shimla
Property Type Residential
Type Hill Accommodations : Available for Company Lease
Offered By Rent by Owner
Ownership Details Freehold - Registered
Property Address & Location Details BIJLANI BHAVAN RAVENSDALE ESTATE SHIMLA EAST SHIMLA 171002
Area 1500.0 sq. ft.
Price / Rent Rs. 12000.0
Payment Plan Cash Down
Year Built 1984
Amenities Power , Water
Neighbourhood Detail
Market 0.2 K.M.Away
Hospital 0.2 K.M.Away
Police Station 0.2 K.M.Away
Railway Station 6.0 K.M.Away
Bus Station 4.0 K.M.Away
Airport 35.0 K.M.Away
School 3.0 K.M.Away
No. of Bed Rooms 3
No. of Bath Rooms 2
Floor Available 2 Storeys of 4 Storeys
Additional Information IDEAL FOR A COMPANY GUEST HOUSE/CUM RESIDENCE/CUM OFFICE. 300YDS AWAY FROM THE SECRETARIAT AND BANKING FACILITY.50 YDS AWAY FROM THE MAIN ROAD, WITH COMMON PARKING SPACE AVAILABLE.FULL TIME WATER AND ELECTRICITY AVAILABLE.EAST FACING AND SUNNY, OPEN IN THREE DIRECTIONS, WITH A GOOD VIEW.MINOR ADJUSTMENTS CAN BE MADE IN THE FITTINGS DEPENDING ON THE REQUIREMENTS OF THE TENANT.
Additional Features Security , Cable , Internet Connection , English Toilet , Garbage disposal , Gas Connection , Indian Toilet , Parking , Balcony
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Old Sep 14th, 2005, 04:12   #14
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Hiya..

J, like you I too am planning to buy my dream place. My parents have a place close to MehraGaon and I can tell you the land price there is around 2 lacs per nali.
I am back home in October and will be hunting for the right spot.. about three hours away from Kathgodam station if I find some place nice --I will post it here and let you know.
I am dedicating just 15 days the search-- but I hope I can find something... All the best to you in your search..

cheers, Cooksisters
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Old Sep 14th, 2005, 12:27   #15
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Great

Cook sis,

It would be gr8 if you search finds something good for me too..
2 lacs/nali looks too good compared to the quotes given to me by the real estate guy..

Find a big site.. may be other IMers might be interested..
Well a colony of IMers in Himalayas looks like a distant dream..
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