Chardham Yatra Impact on Rishikesh Real Estate

Admired and adored with reverence, Uttarakhandis aptly called the “Devbhoomi” with the aura of divinity abounding in every part of the state. Rishikesh is strategically located in this Himalayan state as the gateway to the Chardham or in precise the Chotachardhamyatra circuit.

The four pilgrimage spots of Kedarnath, Badrinath, Yamunotri and Gangotri comprise the chota char dham yatra circuit. Thesefour places of pilgrimage have shrines and are a veritable spiritual paradise for the devout. The pilgrims undertake the yatra with utmost faith. Being close to the holy spots, Rishikesh acts as the base from where they can be easily reached and thus it deserves the title ‘Gateway to Char Dham Yatra’. 

On the way to char dham yatra, Rishikesh is visited by the devotees in large numbers every year from within the country and around the world. Ever increasing foot fall on Rishikeshboosts its tourism allied industries like hospitality, transportation, etc as well as the real estate in Rishikesh.

 Let us explore how the char dham yatra influences the demand on property for sale / rent in Rishikesh.

Kedarnath and Badrinath hold special significance among the devotees as the places have the presiding deities of Shiva and Vishnu, the most prominent Gods of the Hindu pantheon. Boththe places are at high altitude and experience harsh climate during the winter seasons and so the temples are shut for six months. After the passage of the hostile weather the temples reopen again. In the peak of the spiritual season, the pilgrim spots of Kedarnath and Badrinath bustle with activity with the local commercial establishments and accommodation facilities registering heightened activity. During rest of the year, the heavy snowfall in the winternearly restrains any movement of civilians in the region and most of these people involved in different occupations take shelter in major town nearby like Rishikesh. With the requirement for permanent residence slowly picking pace for these kinds of people and there is an increasing online search trend to find a house for sale in Rishikesh. Property owners seeking to sell their properties in Rishikesh can post a property Ad under the available listing plans to advertise the property online and present relevant information to interested users.

After the accomplishment of important tasks in their life, most of the spiritual minded have a quench to realise more of the Supreme. For them, moksha or salvation becomes the final goal of life in Hindu religion – Rishikesh is the right place and their first choice to settle for the reasons that it is a developed town with all needy infrastructures and it is in close proximity with the chardham pilgrim spots. They can very comfortably reach the major holy places without experiencing the ravages of extreme weather in the winter. Inferring the increase in permanent accommodation demand builders are offering flat for sale in Rishikesh. Those who belong to the affluent category decide to purchase a villa for sale in Rishikesh. The nature loving brigade with a deep affinity towards the environment and a penchant for rigor free farming buy farm house for sale in Rishikesh.

Uttarakhand is a hill region and to facilitate safe journey of the ever increasing spiritual tourist crowd for the Char dham yatra, Government of India brought a char dham highway project which will connect the four important pilgrim towns of Badrinath, Kedarnath, Gangotri and Yamunotri with Rishikesh. Upon completion of this project, it will ease the vehicle movement even during adverse weather and the spiritual tourist foot fall into Rishikesh will be many folds higher. Knowing this fact, there is emerging consensuses within the circles that are business minded to invest in Rishikesh to attain transcendental experience at the same time acquire assets of good value since the beginning of this project.

Some inhabitants and other property owners seeking to advertise their properties in Rishikesh have turned to digital channels and online property-advertising platforms as infrastructure developments such as the Char Dham road project progress and influence interest in the local property market. These platforms can provide visibility to interested users across different locations. Hills & Wills is an online property-advertising platform dedicated exclusively to hill-station properties across India. Eligible property owners can post a property advertisement under the available free or paid listing plans to sell property online or advertise it for rent. Its listing and search features enable advertisers to present relevant property particulars, while interested users can search, view and compare advertised properties in Rishikesh and connect directly with the respective property owners or other advertisers. Project advertisements must include the applicable RERA registration particulars or a valid basis for RERA exemption.

Due to the huge infrastructure development in and around Rishikesh like the mega Char dham highway project, there is a huge demand for house / flat for rent in Rishikesh towards accommodation for the workforces involved in those projects and the rental rate / revenue for the property owners has increased considerably in the recent past.

Beyond doubt, char dham yatra is an influencing factor for the growth of Rishikesh and its realty sector in addition to yoga and Ayurveda.