Guide for Residential Real Estate Investment in Hosur

Hosur is a famous industrial city located in Tamil Nadu and also a popular tourist destination. This region has a lot to offer to the common people with its rich history, cultural heritage, and several modern facilities available in abundance. The climate of this region is tropical savanna and the area receives a decent amount of rainfall during the rainy season. 

As the economy of Hosur is mainly industry-based, there are a plethora of different types of industries in this region. Thus, people can find various job opportunities here. As a major industrial hub, Hosur also has a great transportation system which has made the region perfect for residential real estate investment.

Keep scrolling through the article to know more about the residential real estate sector in Hosur.

Top Reasons to Invest in Residential Real Estate in Hosur

The reasons why you should choose Hosur for your residential real estate investment, are as follows:

• Industrial Growth

Located beside the river Ponnaiyar, Hosur is one of the growing industrial hubs in Tamil Nadu. Automobile industries and manufacturing units are very active in this region. There are factories of famous automobile companies such as Hindustan Motors, Ashok Leyland Ltd, Vectra Motors Ltd, etc. In addition, dairy products and food processing industries are also very affluent in Hosur.

• Agricultural Opportunities

As the climate is highly suitable for crop production, Hosur has also become a great contributor to the agricultural economy of the state. The land is very fertile and perfect for growing different types of vegetables and fruits. Further, several agriculture-based small-scale businesses are also growing in Hosur.

• Seamless Transportation

The residents of Hosur enjoy seamless connectivity in the transport system. Throughout the city, plenty of private and government buses are running to provide easy transportation. Besides, the airport and railways are also quite accessible in Hosur. In addition, local public vehicles are also very frequent and smooth running.

Residential Real Estate Investment Opportunities in Hosur

Here are some great locations where you can invest in residential real estate:

• Bagalur

Bagalur is a renowned area in Hosur and is perfect for residential real estate investment. The region is filled with tech hubs and IT parks. In addition, there are approximately 53 engineering companies in Bagalur. Thus, job opportunities are found in abundance here. In addition, transportation systems and other amenities are also widely available in this region. So, altogether, this place can be a profitable choice for residential real estate investors. 

• Mathigiri

Mathigiri in Hosur is a great residential area and several new housing projects are running in this region. Apart from this, several villas and plots in this region are available for sale that can be great options for investors. In addition, the surrounding areas are full of all sorts of modern facilities along with schools and entertainment options.

Things to Consider before Purchasing a Residential Property in Hosur

You need to consider a few things while buying property in Hosur. These are:

• Amenities

Amenities should be one of the prime concerns of every residential real estate investor. It will help them get a higher profit by selling the properties and also fetch tenants with ease. In terms of amenities, you should also check the fulfilment of the basic criteria such as water and electric supply, sanitation, etc.

• Location and Connectivity

While opting for investing in residential real estate, you should be very wise in choosing a location. Choosing a popular and well-connected location will enhance the value of your property. Besides, locations near big companies, tech hubs, or industrial areas will be beneficial to sell and rent the properties without any hassle. So, consider this as a very important point to enjoy a high profit in your residential real estate investment.

• RERA Verification

RERA or the Real Estate Regulatory Act is an initiative taken by the Indian government in 2016 to ensure the betterment and fair working process of the real estate sector of the country. To check the details of Hosur real estate, you need to go to the official portal of Tamil Nadu RERA and find information accordingly.

Stamp Duty in Hosur

The stamp duty charges in Hosur are the same for female, male, and joint (female + male) candidates.

Registration Charges in Hosur

Hosur Residential Real Estate Sector – What’s the Forecast?

As a leading industrial hub, Hosur is going to witness several developments that will be helpful for the residents and the residential real estate investors as well. Some examples of such beneficial developments are:

• Launching of  a new airport in the city as proposed by the government
• Establishment of the SIPCOT industrial area on a massive plot in Hosur
• Launching of a new industrial township by the state government
• Setting up of a new truck terminal in the city
• Setting up of Tata Electronics, a mobile phone manufacturing establishment that will be a high-profit generating company in this region

Apart from these, residential real estate projects are also booming in Hosur in recent and upcoming days. So, altogether, this region is going to prosper more with lots of developments and implementation of new strategies taken by the state government.

Residential Real Estate vs Other Asset Classes

Residential real estate and other investment options have been detailed in the underlying sections by drawing out a comparative analysis among all the asset classes. 

• Residential Real Estate vs Gold

Gold is a highly promising investment option that yields good returns, is flexible, and is high in liquidity. However, the value of residential real estate properties increases exponentially with time and it offers higher and more secure long-term returns.

• Residential Real Estate vs Bonds

Residential real estate as an investment asset provides a passive income source that yields high returns over a long tenure. It has the advantage of being highly liquid and secure. Bonds are also passive sources of income, promising high liquidity, with minimal risk. Both bonds and residential real estate are safer and more reliable lucrative investment options for new investors and experienced ones.

• Residential Real Estate vs Commercial Real Estate

While commercial real estate offers high return and value, residential real estate offers multiple tax benefits. Furthermore, it is comparatively easier to get a tenant for residential properties and the maintenance cost of such properties is lesser than their commercial real estate counterparts.

• Residential Real Estate vs Stocks or Mutual Funds

Mutual funds as well as stocks are both subject to market volatility and are ideal options for risk-taking individuals. However, residential real estate comprises very low risk and offers a high return on one’s investment over a long duration.  

Depending on essential parameters like liquidity, market volatility, ticket size, risk, and return, the asset classes have all been compared and represented in a tabular form. 

If you wish to invest in stable and top-rated bonds then explore an array of bonds at our website and register now to fuel your investment dreams. 

Steps to Invest in Residential Real Estate in Hosur

Follow the underlying simple steps to invest in residential real estate in Hosur with ease and efficiency.

Step 1: Start by planning your budget according to the investment you want to make in Hosur real estate sector.

Step 2: Make a list of ideal property locations according to factors like population, shopping areas, markets, plazas, schools, healthcare institutions, industries, etc. 

Step 3: Focus on the prospects and try to gain in-depth knowledge of the selected localities and their future development prospects.

Step 4: It will be wise to consult professionals who know about the local affairs of a place like real estate consultants. These individuals are often well acquainted with the developments of a locality and their information may add value to your search.

Step 5: Take a final decision and select a property in a suitable location. 

Step 6: Next, identify and ensure that the property selected is RERA approved and check through all the documents of the site available before finalising a deal. 

Step 7: Once the verification process is completed, one can go ahead with the transaction of the necessary amount and take possession of the selected property. 

Step 8: Finally one should apply for an ideal insurance plan for the property to cover future losses if any.

Final Word

Judging by all the possibilities, Hosur is considered one of the most affluent areas in Tamil Nadu for residential real estate investments. Residents can enjoy several opportunities and benefits in this region, so it is very easy to find tenants and home buyers in Hosur. However, before you start investing check the RERA site and ask for guidance from knowledgeable real estate agents for a smoother process.

Frequently Asked Questions

1. What is the nearest airport to Hosur?

The nearest airport to Hosur is Bengaluru International Airport. However, there are several nearby such as Coimbatore, Calicut, Madras, and Tiruchirapalli airports.

2. What is stamp duty?

Stamp duty refers to the amount of tax that every property buyer needs to pay at the time of purchasing a property. These charges differ in every state.

3. Why is Hosur so famous?

Hosur is very famous for being a growing industrial hub in Tamil Nadu. Apart from this, it is also quite popular for its historical value and tourist destinations.

4. What are some famous localities in Hosur?

Some famous localities in Hosur are Thally Road, Keravarapalli Reservoir, Mathigiri Road, Bagalur Road, Muneeswara Nagar, Kenilworth Fort, TVS Nagar, etc. You can consider them for making real estate investments.