Uttarakhand: When a huge natural disaster hits a place, people are usually scared of living there or even visiting the place. So it is easy to predict that for at least some years, till the memory of the incident starts to fade, people will not be interested in real estate in that place. Uttarakhand right now is going through the same effects. The realty market in Uttarakhand has considerably slumped following the flash flood and landslide that occurred in the state recently.Uttarakhand is divided into two regions. Garwhal and Kumaon. The incident occurred in Garhwal. But this impacted the Kumaon region real estate as well. A real estate development group in Uttarakhand stated that, “Flash floods occurred in Garhwal where maximum damage was recorded. Kumaon fortunately did not face much of the havoc. But the reason why it has impacted the property market in this region is mainly because people are not aware about this division, thus restricting themselves to invest in areas here.”As most people are not well informed, investment in real estate all over the state has declined. It is a place that is most well known not only for its scenic beauty but also for its religious aspects. Many highly religious people invested in a second home in these places. Hill stations like Nainital, Bhimtal and Ranikhet were also hot investment spots for the tourism market that flourished here. But in these places, the property market has fallen by almost 30%. People are scared that a flash flood may occur again and wash away their investment.But local people and some farsighted investors think otherwise. Properties that were being sold for Rs 60-90 lakhs even a few months ago are available for Rs 40-60 lakhs now that the market has slumped. So investors are eyeing that time when a few years will pass and people will rush back to the Land of Gods forgetting about the threats of flash floods and property prices will rise again.In places like Rudrapur and Almora, the property market has remained almost unaffected. Though property prices in the regions have dropped by about 15%, there had been no downfall in sales. Many experts agree that the property market of the state will need only a few years to fully bounce back.займ на карту без отказов круглосуточновзять кредит онлайн