Guide for Alwar Residential Real Estate Investment

Located on the eastern point of the Aravalli Hills, the city of Alwar is 150 km north and south of Jaipur and Delhi respectively. It is the administrative headquarters of the Alwar district and is widely known for manufacturing Ray Ban sunglasses, mustard crops, the frozen food industry, etc. This city in Rajasthan is also famous for being a major agricultural hub and transportation centre.

Apart from these aspects, Alwar is well-connected through rail and roadways with multiple government and private buses running across the city. So, if you are planning to invest in Alwar’s residential real estate, read further to have detailed insights on the following factors!

Top Reasons to Invest in Residential Real Estate of Alwar

Here’s why investing in Alwar’s residential real estate can be a promising venture for real estate investors:

• Flourishing Infrastructure

The city is witnessing rapid development in its infrastructure with RIICO’s initiatives. The Rajasthan State Industrial Development and Investment Corporation Ltd. is actively implementing several development projects to enhance Alwar’s infrastructure and amenities. 

Moreover, this city houses various schools and colleges to uplift the education system. Some of them include Lords International School, Alwar Public School, National Academy and Silver Oak, Kendriya Vidyalaya, Raj Rishi Bhartrihari Matsya University, etc.

• Affordable Pricing

While looking for a residential property, the first thing an investor looks into is the pricing of a property. Properties in Alwar come at a budget-friendly price with favourable amenities and multiple options. You can find residential properties in Alwar at an average price of ₹1,700 to ₹4,000 per square foot. However, housing with advanced amenities is likely to attract high pricing.

• Connectivity

Alwar has excellent connectivity through rail, road, and airways. Besides government and public bus services, taxis and auto rickshaws also connect the city with other parts of the state. Alwar old Bus Station, from where the bus services operate in the city, is close to the Alwar Railway Junction. 

From there, you can easily get trains to Delhi, Mumbai, Jaipur, and other major cities. The Indira Gandhi International and Jaipur International Airport are the nearest air connectors. Moreover, a metro rail project connecting Delhi-Alwar via Behror is under construction.

Residential Real Estate Investment Opportunities in Alwar

Here are the top areas in Alwar for residential real estate investments:

• Malviya Nagar

Malviya Nagar is one of the prominent residential areas in Alwar with top amenities and connectivity. It houses some of the renowned healthcare units such as Alwar Nursing Home, Daksh Hospital, etc. Apart from the Malviya Nagar bus stop, it is close to Shanti Kunj, Kala Kuan, Kali Mori, etc., bus stops that connect this area to other parts of the city. Malviya Nagar also houses parks, malls, restaurants, and other recreational hubs that facilitate a quality lifestyle.

More than 40% of the properties in Malviya Nagar come at an average price range of ₹20Lakh to ₹40Lakh. However, 20% of them are priced between ₹40Lakh and ₹60Lakh. The average rental price for properties in Malviya Nagar ranges between ₹10,000 and ₹15,000.

• Tijara

Tijara is a residential area under Alwar’s NCR area close to Khairthal Railway Station. It is also known as Rajasthan’s biggest industrial area. With flourishing infrastructure and amenities, this area constitutes one of the notable residential areas in the city. Property prices in this area are quite reasonable with 64% of them ranging up to ₹20Lakh. However, 27% of the properties come within a range of ₹20Lakh to ₹40Lakh. Properties for rent are available at a price range of ₹5,000 to ₹15,000.

• Shanti Kunj

Prime location, connectivity, healthcare units, modern amenities, parks, and recreational hubs make Shanti Kunj a decent dwelling place in Alwar. This area is accessible by train, bus, and other road transport. Availability of banks, ATMS, schools, and other educational institutes deserves mention while considering it as an investment opportunity for residential real estate. 

About 50% of residential properties in Shanti Kunj are priced within a range of ₹40Lakh to ₹60Lakh and the rest comes at a range of ₹60Lakh to ₹80 Lakh. Properties are available for rent at a price range between ₹5,000 and ₹15,000.

Things to Consider Before Purchasing a Residential Real Estate in Alwar

Now that you are aware of the top residential localities and the reasons to invest in them, take a look at the factors to consider before investing in it:

• RERA Authentication

The Central Government of India introduced Real Estate Regularity Authority Act 2016 for transparent real estate transactions. It also helps in establishing a property’s true ownership. As per this act, every property irrespective of its type must be registered under its state’s RERA body.

So, before investing in Alwar’s residential real estate properties, you must log in to Rajasthan’s official RERA portal to check the property’s authenticity. Moreover, it will help homebuyers to shortlist residential spaces as per their details.

• Resale value

Real estate investors always consider a property’s resale value before planning to invest in it. Being a developing location in terms of infrastructure and amenities, Alwar has promising possibilities of a hike in price appreciation. Home buyers always look for a property that can generate a decent ROI in future. 

Considering this city’s recent property price range and growing amenities, there are immense possibilities for an increase in the resale value of these properties.

• Location 

Alwar’s location plays a major role in making it one of the prominent residential real estate investment ventures. Being a renowned tourist place, Alwar is easily accessible from any part of the state. Moreover, it houses ancient heritage buildings, amusement parks, and other convenient facilities required for a high standard of living. 

Stamp Duty in Alwar

You must pay the stamp duty and registration fees as applicable for Rajasthan while investing in a residential property in Alwar.

Check out the stamp duty applicable for Rajasthan:

Registration Charges in Alwar

Registration Fees for Rajasthan goes as follows:

Alwar Residential Real Estate Sector: What’s the Forecast?

The economic development of Alwar counts a lot in its rapid urbanisation. Industrial areas like MIA, Agro Food Park, and companies like Ashoka Leyland, Havells, Dabur India Pvt. Ltd., etc., are some of the notable projects. Moreover, it is connected to major cities like Delhi, Jaipur, Bharatpur, etc., through NH8 and Gurgaon-Sohna-Alwar Highway.

Multiple convenient features and facilities contribute to quality living in Alwar. Besides, this city also features agricultural, textile, beverage, jute, etc., production on a large scale. With all these positive and flourishing infrastructures, Alwar reflects immense possibilities in residential real estate investments.

Residential Real Estate vs Other Asset Classes

Follow the below discussion to know about the difference between residential real estate and other asset classes while investing:

Residential Real Estate vs Gold

Gold is highly liquid and has a flexible investment tenure. Thus, it is among the most preferred investment options. However, if you are looking forward to a highly profitable investment asset, residential real estate offers improved chances.

Residential Real Estate vs Stocks or Mutual Funds

Stocks and mutual funds are ideal investment options when you are looking for a diversified portfolio and stable income. However, these investment opportunities also involve high risks as they are prone to market volatility. Thus, residential real estate constitutes better investment options with low risk and stable income opportunities.

Residential Real Estate vs Commercial Real Estate

Commercial real estate will generate higher returns compared to residential real estate. However, it is hard to find tenants for such expensive ventures. Residential real estate, on the other hand, draws tenants easily and involves low risk. Moreover, you can avail tax benefits on residential real estate properties, if you acquire them via home loans. 

Residential Real Estate vs Bonds

Both bonds and residential real estate investments offer individual benefits and passive income for investors. Thus, it is hard to choose between the two. You can gain higher returns from residential real estate and estimate a stable future income from the bonds. 

Check out the table below to compare the mentioned asset classes as per their returns, risks, volatility, liquidity, risks, etc. 

If you want to secure a stable income and higher returns, bonds are an ideal investment option. Register with us without any additional charges. 

Steps to Invest in Residential Real Estate in Alwar

Check out the easy steps to follow before investing in residential real estate in Alwar:

Step 1: Select your investment budget as per your capability and shortlist the locations based on their infrastructure, opportunities, population, etc.  

Step 2: Survey the prospects of these locations. Real estate agents with adequate knowledge of the development and infrastructure of localities can help you in this regard.

Step 3: Finalise your property after collecting detailed information on it.

Step 4: Cross-check the information by looking into the RERA authentication site and checking if the property fulfils the required guidelines.

Step 5: Conduct thorough research on the documents to avoid any further legal hazards.

Step 6: Proceed with filling up the transfer and possession details on the transaction account after completion of the verification procedure. 

Step 7: Pay the stamp duty, registration fee, and other applicable charges.

Step 8: Insure your investment with property insurance to cover the losses and damages caused due to unforeseen incidents. 

Final Words

Investing in residential real estate provides you ample earning opportunities and if the location of the property is Alwar, you can step ahead confidently. With its rapid growth in economic and industrial fields, this city facilitates several employment opportunities and other facilities for its residents. However, do not miss cross-checking the required factors before finalising your decision.

Frequently Asked Questions

Q1. Do I need to pay taxes before buying property?

Ans. Yes, before buying property, you are liable to pay taxes such as stamp duty, service tax and TDS. Please keep in mind that if you do not make these payments in time, there can be heavy penalties.  

Q2. What documents do I need to register property in Rajasthan? 

Ans. The documents you need to register your property in Rajasthan are ownership proof, release deed (in case of ancestral property), PAN card, applicant’s photograph, map plan and ID proof of the witnesses. 

Q3. Do I need to personally go for property registration?

Ans. In case you are unable to go for your property registration, you can issue the power of attorney to another individual. It should contain all the necessary clauses and needs to be registered by a sub-registrar. 

Q4. How can I pay stamp duty online in Rajasthan?Ans. To pay the stamp duty online, simply visit the https://epanjiyan.nic.in/ website, log in and pay the fees via select bank payment gateways. In this regard, you can use debit or credit cards and net banking.