GA4

Monday, April 2, 2012

Real Estate Prices in Ranni Soaring High

Ranni seems to be one of the best places to live in Pathanamthitta District, and this is quite evident from the rising property rates in Ranni. Different areas in Ranni have different property rates, but are much high when compared with other places. Places such as Ittiyappara, Ranni Town (Perumpuzha), Thottamon, Block Pady, Chettomkara, Mamukku, Petta, Aythala etc all are eperiencing huge property prices. All these places are considered to be the best places to live in Ranni and that may be the reason behind the high property rates.

Most of the people in Ranni are working abroad, and majority of the NRIs invest in land and buildings and they have invested a good part of their wealth in properties in various parts of Ranni. The huge investment of NRIs in Ranni has a major role to play in the surging property rates in Ranni and this is certainly going to go higher in the coming months. Even the areas with sliding lands are also experiencing huge price in the market.

Ranni is mostly comprised of hilly areas and still people prefer to invest their money in buying land or house in Ranni. Ranni is considered to be a calm and beutiful place and this is another major reason that a lot of people are trying to buy land or houses in Ranni. But Ranni still has a long way to go, before it can match its nearby towns such as Pathanamthitta and Thiruvalla. Ranni is yet to have a top class hospital, movie hall, restaurant, shopping centres etc. But we cannot predict the future and all the previously said facilities may come to Ranni in the coming years,  provided Ranni gets a good political and social leader who can guide Ranni to a developed state. As of now this seems to remain a distant dream.

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