Guide for Najafgarh Real Estate Investment

Najafgarh is a town in the South-West side of Delhi, India sharing its territory with Gurugram, Bahadurgarh and Haryana. Roads connect it with significant destinations all over Delhi and Haryana. Moreover, the Delhi Transport Corporation (DTC) and Delhi Integrated Multi-Modal Transit System (DIMTS) provide bus services in this place, adding to its infrastructure and connectivity. It also has a literacy rate of 88.1%, which adds to the availability of a good education system.

All these features and facilities make Najafgarh famous for investing in residential real estate.   

Let us know more about it in detail!

Top Reasons to Invest in Residential Real Estate in Najafgarh

The top 2 reasons to invest in the Residential real estate of Najafgarh are as follows:

Strategic Location

The location of Najafgarh is nearest to many important residential areas surrounding it. These important localities are Rama Road, Loknayak Puram, Mahavir Enclave, Mohan Garden, Kotla Vihar Phase 2, Baprola and many more.

Developing Connectivity

Najafgarh has a better connectivity and infrastructure system, which is improving yearly. Moreover, this location is home to a larger community of people who can easily access their schools, colleges and offices.

Investment Opportunities for Residential Real Estate in Najafgarh

The locations having the best opportunities to invest in residential areas in Najafgarh are as follows:

Roshanpura

It is an urbanised village which has been developing in terms of infrastructure over the last few years but has excellent connectivity through the highway, Najafgarh-Gurgaon Road.

Shyam Vihar

This location of Najafgarh has a lot of amenities like water, 24×7 electricity, well-maintained roads and many more. Moreover, this location is close to the nearest metro station and can be easily accessible by walking.

Dwarka Sector 18

One of the most famous residential spaces among brokers, Dwarka Sector 18 has excellent  connectivity through the blue line of the Delhi metro.

Also Read: Rajkot Residential Real Estate Investment

Things to Consider Before Buying a Residential Property in Najafgarh

The main things to consider before buying a residential real estate property in Najafgarh are as follows:

Lease Structure

A lease is a legal agreement defining the relationship between a property owner and occupier. While analysing an investment, the tenant must understand its lease structure and risk involvement.

Proper Market Research 

Investing in residential real estate involves huge risks and thus needs a substantial amount of market research. Moreover, proper market knowledge  will save you and your property from fraudulent activities.

RERA authenticity checker

Real Estate Regulatory Authority (RERA) is a statutory body promoting transactions between builders and buyers. It was notified by the Real Estate (Regulation and Development) Act of 2016. One can check the authenticity of the builder and their property by visiting the RERA website of Delhi.

Stamp Duty in Najafgarh

The stamp duty rates for residential property sales in Najafgarh are in the following table:

Registration Charges in Najafgarh

Registering for property ownership is important and the process is completed by paying a registration charge to the Government. 

The list of registration charges is in the table below:

It is essential to consider the rates of stamp duty and registration as they will be a part of your investment amount.

Residential Real Estate Sector Outlook in Najafgarh

The urbanised city of Najafgarh has been experiencing development in its connectivity and infrastructure for a very long time. Its connectivity through highways and metro rails makes it attractive to real estate investors to build residential properties here. 

Residential Real Estate vs Other Asset Classes

The difference between residential real estate and other asset classes are as follows:

Residential Real Estate vs Stocks and Equity Mutual Funds

Investment in the residential real estate industry is less volatile than investing in stocks and equity mutual funds. However, stocks and mutual funds witness higher fluctuations than residential property, making it challenging  for investors to gauge potential returns.

Residential Real Estate vs Gold

Real estate is a stable investment option offering low risks with additional tax benefits and generating passive income. On the contrary, gold is just a commodity with  relatively higher volatility, but residential  property has no such risks.

Residential Real Estate vs Commercial Real Estate

Office space can be on lease for longer than residential property. Moreover, the vacancy risks for residential properties are higher in comparison to a residential estate with the given frequent turnover of tenants.

Discover More: Guide for Najafgarh Commercial Real Estate Investment

Residential Real Estate vs Bonds

Bonds (AAA-rated) have a lower  credit risk than residential real estate properties. Additionally, residential property investments are more illiquid than bonds due to higher transaction costs and a longer time to find a suitable buyer.

A tabular representation to compare the assets based on returns, liquidity, risk, volatility and ticket size is as follows:

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Steps to Invest in Residential Real Estate in Najafgarh

The steps to invest in residential real estate in Najafgarh are as follows:

Step 1: Finalise your financial budget.

Step 2: Conduct proper market research.

Step 3: Shortlist some reasonable sites.

Step 4: Make a field visit and analyse each site minutely.

Step 5: Finalise a Residential real estate property that is suitable and prepare official documents to purchase it.

Step 6: Complete registration and stamp duty formalities. 

Step 7: Pay service fees to real estate consultants and brokers if they avail their services.

Step 8: Cover your new property with an insurance plan.

Read More: Guide for Jamshedpur Residential Real Estate Investment

Final Thoughts

The outlook of Najafgarh for residential real estate is quite promising due to its connectivity and location. Moreover, this city provides excellent accessibility to many important places in Delhi and serves great amenities. If you plan to invest here, conduct thorough market research or consult a real estate agent to avoid fraudulent activities.

Frequently Asked Questions (FAQs)