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:

Neighbourhood	Price/Sqft.
Bariatu	Rs. 3,898
Morabadi	Rs. 3,666
Doranda	Rs. 3,680
Kanke	Rs. 3,685
Argora	Rs. 4,170
Hesag	Rs. 3,546
Harmu	Rs. 4,156
Neuri	Rs. 3,046
Kokar	Rs. 4,390
Hatia	Rs. 3,418
Hatwar	Rs. 4,099
Kathiatoli	Rs. 3,742
Kumhar Toli	Rs. 3,958
Ohdar Village	Rs. 3,116
Hindpiri	Rs. 3,661
Masibari	Rs. 4,298
Delatoli	Rs. 4,387
Bargain Village	Rs. 3,899
Jai Prakash Nagar	Rs. 5,814
Kanke	Rs. 4,923

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.

FAQs

What are the top apartment locations in Ranchi?

Harmu
Kokar
Hatia
Kantatoli
Kumhartoli
Masibari
Kanke

What are the most affordable flat options in Ranchi?

What are the best luxury flats in Ranchi?

Prarthana Sai Kripa
Prarthana Aanandam
Prarthana Mittal Heritage
Estate Eco Symphony
Aanchal Shubh Chhaya
Pranami Madgul Habitat
Pranami Santushti
Arpan Vilash
Prarthana Eco Exotica

What are the price trends for flats in Ranchi?

Across 20 locations in Ranchi, property prices have surged 22% YoY (Year-over-Year). This price is expected to go up 31% in the upcoming years.

Who are the best builders in Ranchi?

Estate Buildcon
Aanchal Real Estate
Prarthana Group
Pranami Group
Arpan Mega Constructions
Katyani Homes
Shree Triveni Realtors
Feacon Constructions
Shelter Builders
Ekta Contech

What are the amenities available in flats in Ranchi?

24/7 Security
Power Backup
Lifts/Elevators
Parking Space
Gym/Fitness Centre
Swimming Pool
Clubhouse/Community Centre
Guest Accommodations
Proximity to Public Transport
Basic Utilities
Recreational Spaces
Maintenance Services
Pet-Friendly Facilities
Visitor Management System
Waste Management
Chit-Chat Plaza

What are the upcoming projects in Ranchi?

What are the investment tips for flats in Ranchi?

Choose a location for future growth and development.
Assess the resale value and overall demand of the area.
Ensure that the property has clear legal titles.
Assess the availability of essential amenities in the vicinity.
Research upcoming infrastructure and development projects in the area.
Check for sound connectivity.

What are the names of flats in Ranchi with modern amenities?

Prarthana Sai Kripa
Prarthana Aanandam
Prarthana Mittal Heritage
Estate Eco Symphony
Aanchal Shubh Chhaya
Pranami Madgul Habitat
Pranami Santushti
Anaadi Asha Imperia
NK Oak Wood
NK Oak Pioneer
Faquiha Faii Residency

How much does a 1 BHK cost in Ranchi?

The average price of 1 BHK in Ranchi is Rs. 18 Lakh to Rs. 31 Lakh.

What is the average size of a 1 BHK in Ranchi?

The average size of 1 BHK in Ranchi is 610 square feet.

What is the rent of a 1 BHK in Ranchi?

The rent of a 1 BHK in Ranchi is Rs. 5,000 to Rs. 12,000 per month.

How much does a 2 BHK cost in Ranchi?

The average price of 2 BHK in Ranchi is Rs. 34.3 Lakh to Rs. 55 Lakh.

What is the average size of a 2 BHK in Ranchi?

The average size of 2 BHK in Ranchi is 900 square feet.

What is the rent of a 2 BHK in Ranchi?

The rent of a 2 BHK in Ranchi is Rs. 9,500 to Rs. 15,000 per month.

How much does a 3 BHK cost in Ranchi?

The average price of 3 BHK in Ranchi is Rs. 47 Lakh to Rs. 78.5 Lakh.

What is the average size of a 3 BHK in Ranchi?

The average size of 3 BHK in Ranchi is 1290 square feet.

What is the rent of a 3 BHK in Ranchi?

The rent of a 3 BHK in Ranchi is Rs. 17,000 to Rs. 30,000 per month.

How much does a 4 BHK cost in Ranchi?

The average price of 4 BHK in Ranchi is Rs. 78.8 Lakh to Rs. 2.13 Crore.

What is the average size of a 4 BHK in Ranchi?

The average size of 4 BHK in Ranchi is 3190 square feet.

What is the rent of a 4 BHK in Ranchi?

The rent of a 4 BHK in Ranchi is Rs. 20,000 to Rs. 40,000 per month.

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About Ranchi