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According to the online paper Cybernoon, more than 100 hutments in Bharat Nagar have already being sold to builders for more than Rs. 1 crore per hutment. Sources in the locality informed that the Dheeraj Builders have offered Rs. 1 crore per hutment in the locality.

IMO: There certainly seems to be a local property boom in the area, possibly due to local requirement for more commercial buildings.