There is a high surge in property prices in Rudrapur, witnessing a 10-12 per cent hike in the last year. Property deals worth crore of rupees are no longer uncommon in the town once unknown to many. Rudrapur will soon see exclusive developments in the hospitality sector. The town has attracted the attention of prominent names such as Radisson and Taj Group of hotels, which are soon to come up with their latest projects here.
L: India Inc is all set to invest $2 billion in the Pantnagar Integrated Industrial Estate on the outskirts of Rudrapur. The town seems to have undergone a paradigm shift for the past few years. It is certainly a boom time for commercial properties in Rudrapur. Around 397 plots have already been sold in the town to develop industrial units. The projects are to be initiated by multi-nationals like Tata Motors, Bajaj Auto, Escorts, Voltas, Britannia, Nestle, Parle Biscuits, HCL, Kores India, and Dabur.
Staying in step with the commercial development, Rudrapur residential properties is also believed to churn out products running into high profit each year. Establishment of industries in Rudrapur will create a large pool of jobs for around 44,000 people.
The town has emerged as the largest production facility for Dabur, which was among the first to establish operation centers there. Then there is HCL, a big name in the software industry, is to invest a whopping Rs 30 crore for its industrial plant in Rudrapur. The company is also looking forward to a total capacity of 3 lakh units a year.
