Commercial Real Estate Investment in Bhayandar

Bhayandar is a suburb on the outskirts of Mumbai, Maharashtra, near Vasai Creek. It is home to one of the largest steel manufacturers in Asia. The city is also a major tourist location and has famous monuments like the Ghodbunder Fort. In addition, the nearest port of Bhayandar serves a major role in importing Arabian horses from outside the country. With all these commercial activities taking place in Bhayandar, the demand for commercial real estate here is also increasing. 

Let us know everything about investing in Bhayandar’s commercial real estate. 

Top Reasons to Invest in Commercial Real Estate in Bhayandar

The reasons to invest in the commercial real estate of Bhayandar, Maharashtra are as follows:

1. Developed Connectivity

The connectivity and transportability of Bhayandar are well-developed thanks to its proximity to several national highways and railways. The railway stations in this city provide access to both the eastern and western sides of the state. Bhayandar also has a port which mainly aids in the import and export of goods. 

2. Growing Commercial Activities

Being on the outskirts of Mumbai, this city is witnessing the establishment of many industries and power plants, such as Tata Power, Adani Power, etc. Besides, it is also a tourist attraction for its beaches and forts, which makes it a lucrative location for investors who wish to set up commercial properties related to hospitality and retail. 

Commercial Real Estate Investment Opportunities in Bhayandar

The locations offering the best opportunities for commercial real estate investment in Bhayandar, Maharashtra are as follows:

1. Jesal Park

Located in the east of Bhayandar, Jesal Park offers great connectivity to all parts of Mumbai and the entire state, especially for goods transportation. It is also near the seaside, making it near to the port areas for quick import and export of goods.

2. Mira Road

Near to the Mira Bhayandar highway, it provides great accessibility for transporting heavy goods across the country. Moreover, the location is a little outside the main city, which is a good aspect for businesses that require to be away from residential locations. 

Things to Consider Before Buying a Commercial Property in Bhayandar

The primary things to consider before purchasing a commercial real estate property in Bhayandar, Maharashtra are as follows:

• Proper Market Research

Purchasing a residential property involves enormous risk and thus, needs a substantial amount of market research and knowledge, especially about the builder. Additionally, consider the paperwork important and have a proper discussion about it with your broker if you avail any such services.

• RERA Verification

Real Estate Regulatory Authority (RERA) is a statutory body that promotes transparent and genuine real estate business between buyers and agents after it was notified by the RERA Act 2016. You can check the authenticity of a property and its builder in Bhayandar by visiting the RERA website of Maharashtra.

Stamp Duty Rates in Bhayandar, Maharashtra

The stamp duty rates for real estate property sales in Bhayandar, Maharashtra, are as follows:

Note: A local body tax (LBT) of 1% is added to the stamp duty, as shown in the first case. A rebate of 1% has been announced by the state government to encourage the participation of women in commercial real estate. 

Registration Charges in Bhayandar, Maharashtra

The registration charges for real estate property in Bhayandar, Maharashtra is as follows:

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

Bhayandar Commercial Real Estate Sector: What’s the Forecast?

Thousands of real estate projects are launched in Maharashtra every year, and many upcoming projects are soon to get started. The overall real estate market in Maharashtra has experienced a potential rise of 42% in sales by the end of 2021 in both residential and commercial spaces. The total turnover on real estate sales in FY 2022 was estimated at almost ₹8,900 crore. 

Additionally, the state government has reduced the stamp duty rates by 50% after the pandemic, which has boosted the sales of commercial properties. More positive changes to the infrastructure and connectivity of the entire state will definitely result in increased interest in real estate investors. 

Commercial Real Estate vs Other Asset Classes

The comparison between commercial real estate and other asset classes is conducted on the basis of the following:

• Commercial Real Estate vs Stocks & Mutual Funds

Commercial real estate offers assured passive income with direct asset ownership. In comparison, returns from the stock and mutual funds witness great fluctuation as they depend on market sentiments. 

• Commercial Real Estate vs Gold

Real estate is considered to be a stable investment option that, unlike gold, helps to generate passive rental income. On the contrary, gold has a high risk of being stolen and the returns depend on inflation rate and global market sentiments. 

• Commercial Real Estate vs Residential Real Estate

The vacancy risks in residential real estate are higher than in commercial properties due to frequent tenant turnover. Moreover, residential properties need to be leased on an annual basis, but commercial spaces can be leased for longer tenures.

• Commercial Real Estate vs Bonds

Bonds have a lower credit risk than commercial real estate properties. Additionally, commercial property investments are less liquid than bonds due to the higher transaction costs involved and the long time it takes to find a suitable buyer.

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

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Steps to Invest in Commercial Real Estate in Bhayandar

The steps to invest in commercial real estate in Bhayandar, Maharashtra are as follows:

Step 1: Estimate your investment budget and conduct proper market research.

Step 2: Shortlist some affordable sites and plan a field visit to these sites to analyse them minutely.

Step 3: Once you select a commercial real estate property as per your requirements, prepare the official documents for the purchase. 

Step 4: Complete the payment process. Make sure to pay the requisite stamp duty and registration charges. 

Step 5: Pay service fees to real estate consultants and brokers if you avail their services.

Final Word 

With an increase in infrastructure and connectivity development, the demand for commercial real estate in Bhayandar is increasing every day. Moreover, the location, being on the outskirts of Mumbai, encourages more real estate investors and developers. Investing in commercial real estate here is an ideal choice, but is also important to undergo proper market research before purchasing one. 

Frequently Asked Questions