Dhanbad
Dhanbad : an overview
Dhanbad is the second-most populated city in the Indian state of Jharkhand. It ranks as the 33rd largest city in India and is the 42nd largest million-plus urban agglomeration in India. It is the 96th fastest growing city of the world by the City Mayors Foundation.[7] Dhanbad shares its land borders with Paschim Bardhaman district, West Bengal.
The city is called the ‘Coal Capital of India’ for housing one of the largest coal mines of India.[8] The prestigious institute, Indian School of Mines (now IIT Dhanbad) is situated in Dhanbad.[9] Apart from coal, it is also grown in information technology,
Dhanbad is the 56th cleanest city of India, according to the 2019 Swachh Survekshan cleanliness survey.[10] It showed a great change in the city which was considered the dirtiest city in the 2018 Swachh Survekshan.[11] Dhanbad Municipal Corporation works for increasing green cover in the city.[12] Among the rail divisions of Indian Railway, Dhanbad Rail Division is the second-largest in revenue generation after the Mumbai division.[13] Dhanbad ranked as the top city in India with the highest 4G mobile phone network availability in India by a survey of Opensignal.[14]
The Dhanbad is listed among the most promising and upcoming Indian cities. The Dhanbad offers a great platform of setting up commercial establishments and housing projects. The perfect blend of commercial and residential coexistence has provided the Dhanbad a distinct social and cultural structure. The Dhanbad also hosts several educational institutions, commercial centers, good entertainment and healthcare centers.
Connectivity in Dhanbad
The connectivity of the Dhanbad is excellent, and all this would not have been possible without the presence of good roads and rapidly emerging highways. The Dhanbad is well-connected with the rest of the country through the railway station. The intra and inter-city bus stands has also enhanced and improved the connectivity of the region. Several investors look to buy a property in the Dhanbad due to good connectivity.
Real estate in Dhanbad
The Dhanbad is a fast mover in terms of infrastructure growth and development and therefore it is becoming a favored destination to invest in a property in Dhanbad. This trend has led to spur in demand for housing and real estate investments. In the last few years, the properties in the Dhanbad have given consistent capital appreciation.
Dhanbad has one of the oldest markets in the region and is also a centre of large scale industries. It is known for its coal mines and industrial establishments; the city is surrounded by about 112 coal mines[24] with a total production of 27.5 million tonnes and an annual income of 7,000 million rupees through coal business. There are a number of coal washeries there.
Industrial Establishment
Bharat Coking Coal (BCCL) has its headquarter in Dhanbad and Steel Authority of India (SAIL), Tata Steel and Eastern Coalfields (at Mugma) also operates their mines. Om Besco Rail Products.Ltd,[25] a public limited rail wagon manufacturing company at Mugma, Hindustan Zinc Ltd (now Vedanta Resources) had a lead smelting pilot plant at Tundu,[26] Maithon Power Ltda J.V of Tata Power and Damodar Valley Corporation (DVC) (first PPP project of India), Hindusthan Malleables & Forgings Ltd. are operational around Dhanbad.
Fertilizer Corporation of India Ltd. (closed), Projects and Development India Limited and ACC. Ltd at Sindri are also available and being one of the 5 divisions of South Eastern Railway zone, Indian Railways is also a big employer in Dhanbad. Kandra Industrial Area at Gobindpur houses some small and middle scale industries.
