Guide for Shahjahanpur Residential Real Estate Investment

Shahjahanpur is situated to the south east of Rohilkhand Division in Uttar Pradesh. It is flanked by Lakhimpur Khiri, Farrukhabad, Bareilly, Hardoi, Budaun and Pilbhit. It covers an area of 4,575 sq. km and has a population of 3,29,736. The main language spoken in this city is Hindi.

The place has a nice tropical climate. You will find that the summer temperatures hover between 22 to 44 degrees Celsius. Monsoon begins in July and lasts till October. In the winter months, temperatures are between 11 and 23 degrees Celsius.

This city is connected to other cities and towns of the country by road and rail transportation. Other infrastructure like healthcare and educational institutions are also available in this city. This city has an average literacy rate of 67.25%. This city has other amenities like malls, supermarkets, hotels, and restaurants which makes it a good place for investing in a home

These factors make it highly suitable to invest in this city. Read further to know more about the advantages of investing here as well as the best residential real estate options in Shahjahanpur.

Reasons to Invest in Shahjahanpur Real Estate

These are some reasons which make it worth investing in Shahjahanpur’s residential real estate:

• Excellent Healthcare Facilities

This city has several publicly and privately owned hospitals, numerous nursing homes, E.N.T hospitals and eye hospitals. These hospitals have world-class treatment facilities catering to a wide range of illnesses and diseases. The Health and Family Welfare department regulates these hospitals.

Apart from the allopathic treatment offered by these hospitals, there are several alternative treatment options available in this city. For instance, there are many Ayurvedic hospitals which offer treatment through Ayurveda and Panchakarma. There are also numerous homoeopathic physicians in this city offering some of the best homoeopathic treatment in the country.

• Transportation and Connectivity

Another major advantage of living in this city is its smooth transportation facilities which link this city to other towns and cities of Uttar Pradesh. 

Several national and state highways facilitate roadway connectivity to other cities and towns. NH-24 and NH-730A connect Shahjahanpur to Sitapur, Moradabad, Bareilly, Hapur, Lucknow, Ghaziabad and Delhi. The NH-24 connects SH-29 at Marha and with NH-730A in Ahmadpur Niwazpur. SH-25, SH-29 and SH-93 passes through Shahjahanpur, connecting it with other towns within the state.

The Shahjahanpur railway junction is located at a prominent junction of the Indian railway routes. Operating under the North Eastern railway, it is located on Lucknow_Moradabad main railway line on one hand, and the Jammu Tawi-Howrah railway route on the other. It is a very important railway station between the two major cities of Bareilly and Lucknow.

•  Employment

Shahjahanpur has a lot of employment opportunities to offer to newcomers. It is famous for its carpet industry and its sarafa (jewellery) market.

Apart from these, the biggest industry in this city is Kribhco Shyam Fertilisers Limited. There are also several paper mills and sugar mills in this city like the Dalmia and Roza Sugar Mill. Other than these industries, there is also the Ordnance Clothing Factory, which is located in the cantonment area of this city and is run by the Ministry of Defence.

• Numerous Shopping Markets

Shahjahanpur also has numerous markets and shopping malls. Most of the localities have shopping centres. Sadar Bazaar is one major shopping market among them, located in the central parts of Shahjahanpur. It has several shopping centres which are home to a variety of shops. 

Some other famous markets in Shahjahanpur are Chinnor market, Double Story market, OCF Market 1, OCF Market 2 and Post Office market. There are several gift and imitation jewellery shops in this city like Dhandra Artificial Jewellery and Gift Centre, Shri Balaji Gift Centre, Suhaag Artificial Jewellery and Gift Centre, Sharma Gift Centre and Fiza Gift Centre.

Thus, the markets of Shahjahanpur are well-equipped to satisfy your every need.

Residential Real Estate Investment Opportunities in Shahjahanpur

Here are some top residential localities in Shahjahanpur where you can profitably invest in residential real estate:

• Sadar Bazaar

Sadar Bazaar is a major residential location in Shahjahanpur. It enjoys excellent transportation facilities. Most importantly, this locality is within 5 km of Shahjahanpur railway station.

In this area, you will have easy access to numerous hospitals and schools. Some of the best hospitals in this area are Singh Hospital, Dr. Chaudhary Hospital, Dr. Bhimrao Ambedkar Hospital and Dr. BN Bahl Hospital.

This area is also close to several malls and supermarkets like Ansh Department Store and Citykart.

This area is also close to some very good restaurants and food joints like Dominos, Deewan Complex and Moti Mahal Delux. Ola and Uber facilities are available in this area. You can easily find Swiggy and Domino’s Pizza delivery facilities in this locality.

Rate for residential property in this area is  ₹1250 per sq. foot.

• Roza

Roza is another major residential locality in Shahjahanpur where you can invest in residential real estate profitably due to its continuous demand. Apart from having regular bus services which connect this area to other parts of the city, this area is also located close to Roza railway station. You can also travel to other parts of this city by autorickshaw.

This area has good hospitals and schools nearby. Some of the excellent schools located here include Doon International School, HK Tyagi Public School, and GITI school.

This area is also in close proximity to several supermarkets. Shopping markets are located within walking distance. You can also find other grocery and stationery shops in this neighbourhood.

Another advantage of this area is that you will have 24 hours regular uninterrupted electricity supply due to the presence of the Roza Thermal Power Station.

Thus, Roza is a good locality where you can look for your dream home. Property rates in Roza vary between  ₹1250 to ₹3333 per sq. foot.

Things to Consider Before Investing in a Residential Property in Shahjahanpur

These are some of the crucial factors that are crucial determinants of the value of a residential property:

• RERA Authenticity

Under the Real Estate Regulatory Authority Act, 2016, every state has a statutory body which regulates the real estate business. These regulatory bodies are responsible for maintaining transparency and accountability and preventing property-related fraud in the real estate market.

Thus, before choosing a commercial property, visit the Uttar Pradesh RERA website to check the authenticity of the property and its builder.

• Location

Another major factor which not only determines the value of a property but also the living experience and its rental prospects is the location of a residential property. If a property is located in a prominent area, where infrastructure and amenities like hospitals, educational institutions, shopping complexes and commercial enterprises are in close proximity, then it is bound to fetch you better returns.

Thus, while searching for a residential property you must check whether the property is located in a prominent area.

• Connectivity

Connectivity plays a major role in enhancing the living experience. Since you will require modes of transportation to travel from your residence to other parts of the city for various purposes, ranging from going to office or for shopping or even travelling to the railway station.

Thus, whenever you are looking to invest in a residential property, always check for the modes of transportation and connectivity facilities available from that area. Look whether there are public and private buses running from that area. Easy connectivity to other parts of the city increases the value of a property.

Stamp Duty in Shahjahanpur, Uttar Pradesh

Given in the table below are the stamp duty rates for residential property in Shahjahanpur:

Registration Charges in Shahjahanpur, Uttar Pradesh

Here are the registration charges for residential property in Shahjahanpur:

Shahjahanpur Real Estate Sector: What’s the Forecast?

In the past few years, Shahjahanpur has shown phenomenal growth. With more investments from state and central government underway, it can be said that Shahjahanpur will continue to have rapid growth in its transportation networks, industries and commerce and its overall infrastructural development.

Uttar Pradesh Chief Minister Yogi Adityanath has announced ₹308.18 crore worth of projects for the infrastructural development of this city. This city is already amongst the River Cities Alliance (RCA) and part of Dhara 2023 (Driving Holistic Action for Urban Rivers).

Apart from that, under the Amrit Bharat Scheme, the Shahjahanpur station is scheduled to receive major infrastructural upgrades. Under the Gati Shakti masterplan, ₹37,987 crore has been allotted for the construction of the Delhi-Gurgaon-SNB (Shahjahanpur-Neemrana-Behrod) regional rapid transit system, which will make travel quicker between these cities.

Furthermore, with plans for the Noida International Airport underway, it will also become easier and closer for air travel from this city.

There are increasing commercial investments in this city, leading to an employment boom. Entrepreneurs across Uttar Pradesh have entered into discussions for utilising the commercial prospects of this growing city.

Thus, with these developments in place, demands for residential properties will increase as more and more people come to this city to avail themselves of the infrastructural developments and the employment opportunities that this city is going to provide in the near future.

Residential Real Estate vs Other Asset Classes

Given here is a comparison between the pros and cons of investing in residential real estate and other asset classes:

• Residential Real Estate vs Gold

Investing in residential real estate can get you higher profits than gold because of the income that can be availed from rent. However, gold has higher liquidity than residential properties. Long term investments in residential real estate properties can help you get the best returns from your investment.

• Residential Real Estate vs Commercial Real Estate

Commercial real estate can get you higher profits than residential real estate investments due to the higher rental value of commercial properties. However, due to a comparatively lower range in rent, it is easier to find tenants for residential properties. Furthermore, you can also get some tax benefits if you avail of a home loan in the case of residential properties, a benefit that you would not get in commercial properties.

• Residential Real Estate vs Stocks and Mutual Funds

Stocks and mutual funds can get you higher profits than residential real estate. However, investing in stocks involves a large amount of risk. Stocks are highly volatile assets since they fluctuate according to market trends. Residential properties, in comparison, are a much safer form of investment.

• Residential Real Estate vs Bonds

Both residential real estate and bonds can get you high profits. However, bonds have a lower credit risk than residential properties since a large portion of profit from residential properties depends on timely lease payments. Furthermore, bonds have higher liquidity than residential real estate.

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The table below provides a comparison among different asset classes.

Steps to Invest in Residential Real Estate in Shahjahanpur

Follow these steps to invest in residential real estate in Shahjahanpur:

Step 1: Finalise your budget and consult a broker for advice.

Step 2: Search online for the best localities where you can buy a residential property. Pay special attention to the developmental progress of these localities and their rental potential.

Step 3: Select some properties. Visit these properties to look into the available infrastructure and amenities in those localities.

Step 4: Choose a property and verify the ownership documents like the title deed, encumbrance certificate and letter of possession.

Step 5: Complete the financial transaction for the property.

Step 6: Pay the requisite stamp duty and registration charges to become the property’s legal owner.

Final Word

Thus, with the rapid development in transportation and other infrastructure, Shahjahanpur has become one of the best places to invest in residential property. With new commercial ventures coming up in this city, people are coming in large numbers to take up the new employment opportunities that are being generated by these businesses.

Thus, as demands are growing, you can get high returns on investing in the residential real estate of this city. However, before investing, it is advised that you consult a real estate agent to make an informed decision.

Frequently Asked Questions

1. What is net operating income?

Net operating income in residential real estate is the income derived from it after subtracting all expenses related to the property from the total income.

2. What is a triple net lease in residential real estate?

A triple net lease is a type of lease in which the landlord transfers the responsibility for paying taxes for the property and the charges for its maintenance to the tenant.

3. What are the other residential localities in Shahjahanpur where I can buy a residential property?

Apart from Sadar Bazar and Roza, there are several other localities which you can explore for investing in residential properties. Some other prominent localities in Shahjahanpur are Kuchha Kathara, Azizganj, Tihar and Jalalabad.

4. What is the nearest airport facility to Shahjahanpur?

The nearest airport to Shahjahanpur is Lucknow’s Chaudhary Charan Singh International Airport. It takes less than five hours to reach the airport from Shahjahanpur.