Plots For Rent In Parungula Chamba - REELTOR

Parungula Chamba offers a niche market with steady appreciation. The rental yields range from 2-4% p.a. for residential properties to 10-18% p.a. for holiday villas and homestays. With 5-year capital appreciation forecasts of 20-35% in Dalhousie and 25-40% in Khajjiar, this locality presents an attractive opportunity for investors. However, it's essential to consider the Section 118 restrictions and the need for state government permission for non-Himachali buyers.

Parungula Chamba, located in the Salooni tehsil, is a mid-altitude agricultural and pastoral zone with apple and vegetable cultivation. It offers a better climate than high Pangi and proximity to the Chamba-Pathankot road belt improves accessibility. The property market in Salooni town is small, catering mainly to local traders and government employees.

The surrounding areas of Chamba district offer several tourist attractions, including the Khajjiar meadow (Mini Switzerland), Chaugan Ground in Chamba, Manimahesh Lake trek via Bharmour, and Dalhousie hill walks. These attractions contribute to perennial demand for residential properties, particularly in Dalhousie and Khajjiar, resulting in higher rental yields of 10-18% p.a.

Under Section 118, bonafide residents of Himachal Pradesh can purchase any type of property without permission. Indian citizens can also buy constructed residential properties up to 500 sq m in RERA-registered urban projects or lease built properties within Cantonment Board limits without permission. However, non-Himachali buyers need state government permission to acquire agricultural or vacant land, and companies require specific approvals.