Guide for Rohtak Residential Real Estate Investment

Rohtak is a major administrative city within Rohtak district of Haryana. It is located on the Delhi-Hisar National Highway No. 10, 70 Kms from the country capital of New Delhi. It covers an area of 1,745 sq. km. With a population of 374,292, it is the 6^th most populous city in Haryana.

Rohtak is a major industrial area in Haryana. The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has set up an Industrial Model Township at NH-10 near Rohtak. Here numerous industries have invested in the construction of production plants.

Apart from being a commercially vibrant city, Rohtak is also a tourist hotspot and an educational and cultural hub. Having excellent infrastructure and access to transportation, it is one of the most preferred cities to reside in the state of Haryana.

Read along to know more about the residential real estate investment options in this city.

Top Reasons to Invest in Rohtak Real Estate

Here are some of the significant reasons why Rohtak is an ideal place for investing in residential real estate:

• Infrastructure

Rohtak has some of the best infrastructural facilities for maintaining a quality lifestyle. 

This city is home to various top-rated schools and colleges. This includes the Indian Institute of Management, Rohtak. The city also has several hospitals like Pandit Bhagwat Dayal Sharma Post Graduate Institute of Medical Sciences and Civil Hospital, Sunflag City Hospital and Life Care Hospital.

Apart from the basic amenities, this place also has a lot more to offer. It includes several malls, like The Merion Sky mall, Sheetal Lifestyle mall, and Agro Mall. There are also numerous cinema halls like Liberty Cinema, Raj Cinema, Satyam Cineplexes etc. 

You will also find other amenities like bars, restaurants, salons, beauty parlours, gyms, parks and gardens in this city.

• Culture

Rohtak also has a vibrant cultural background. Apart from the rich culture of music, dance, art and architecture, this city also has a vibrant religious life. Some of the major festivals which are celebrated with great zest in this city are Lohri, Basant Panchami, Holi, Teej, Janmashtami, Dussehra and Diwali.

This city is also famous for its fairs and melas. Some of the popular fairs in Rohtak are Gopal-mochan fair, Manasi devi mela, Kartik fair, Surajkund mela and Sanjhi mela.

• Transportation

Another significant factor which makes Rohtak an attractive option for real estate residential investment is the superb transport and communication.

Three national highways, NH-9, NH-709, and NH-352, connect Rohtak to Delhi, Raigarh, Panipat, Rewari etc. The main mode of transportation in Rohtak is the bus services that connect it to other cities and towns and also act as the mode of transport from one part of the city to another.

Apart from road transportation, Rohtak also has a railway station. It is a very important junction in Haryana. Railways connect it to major cities in the country like New Delhi, Chandigarh, Ludhiana, Ajmer, Panipat, Rewari and Bhiwani.

Residential Real Estate Investment Opportunities in Rohtak

Here are some of the best localities to buy a residential property in Rohtak:

• Sector 1

Sector 1 is one of the popular residential locations in Rohtak. It has great transportation facilities which connect it to the other parts of Rohtak, Delhi and the rest of the state.

This locality has some of the best schools and hospitals. Some of the multispeciality hospitals in this area are Nidaan Multispeciality Hospital, Shri Ram Hospital, Bijender Hospital and Yuhi Hospital. Some world-class schools in this area are DPS Pre-primary school, GD Goenka International School, Diamond School and Dream Land Public School.

There are also several malls and supermarkets within walking distance in this area. You can also find several dine-out spots in this area like Head Quarter and the Nectar Bar.

• Sector 2

You can also look for residential property in Sector 2. It has excellent connectivity within the city, having 4 bus stops in this area.

Apart from the transportation, there are also notable hospitals and schools located nearby. You will also find several supermarkets in this location which can cater to your daily needs. There are also several malls in this location. Two of the best malls in this city, Merion Sky Mall and Agro Mall are located in this area. 

Things to Consider Before Investing in a Residential Property in Rohtak

• Location

Before buying a residential property, look at whether the property is located in a prominent area which has the requisite infrastructure like bus stops, schools and hospitals nearby. Also look for additional amenities like malls, markets and restaurants in that locality. 

When a property is located in a prime area with all modern facilities, the rental price and the resell value of the property tend to be much higher.

• RERA Authenticity

Under the provisions of the Real Estate Regulatory Authority Act, 2016, every state has a statutory body which regulates the real estate sector and looks after the interest of the homebuyers. The main duty of these bodies is to maintain transparency and authenticity in the real estate market and prevent property-related fraudulent activities.

Thus, before buying a property in Rohtak, visit the official RERA portal of Haryana to verify the authenticity of the property and its builder.

Stamp Duty in Rohtak, Haryana

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

Registration Charges in Rohtak, Haryana

In the table below are the registration charges for residential property in Rohtak:

Rohtak Real Estate Sector: What’s the Forecast?

Rohtak is a fast-developing city. Efforts are being made at the central, state as well as municipal levels to develop the infrastructure of the city and bring in world-class amenities.

Completion of the Haryana Orbital Rail Corridor will improve the railway services of Rohtak. In addition, more buses are being dedicated to the transportation and connectivity requirements of the city. The state has made efforts to increase the bus service between Rohtak and NCI AIIMS, to give the city easy access to the best healthcare facilities in the country.

The Rohtak Municipal Corporation has allocated ₹75 lakh for the renovation and replacement of streetlights in the city. They have also floated a tender for the purchase of 2,035 LED streetlights.

The city is also witnessing increased investment in the industrial sector which has consequently led to the generation of large-scale skilled employment in the state.

Haryana has also implemented the Affordable Housing Policy Deen Dayal Jan Awas Yojna (DDJAY) for giving a boost to the residential real estate sector in Rohtak. Thus, it can be said that Rohtak residential real estate is slated for rapid growth and development in the coming years.

Residential Real Estate vs Other Asset Classes

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

• Residential Real Estate vs Commercial Real Estate

Commercial real estate can get you higher returns than residential real estate investment. However, it is easier to find tenants for residential properties due to their lower rent. Furthermore, investing in residential properties can get you some tax benefits which you would not get in commercial properties.

• Residential Real Estate vs Gold

Residential real estate can get you higher profits than gold. However, gold has higher liquidity than residential properties. Thus, it is suggested to invest in residential real estate for the long term.

• Residential Real Estate vs Stocks and Mutual Funds

Stocks can get you higher returns than residential properties. However, stocks and mutual funds are highly volatile and can fluctuate based on market conditions. In comparison to that, residential real estate involves much less risk.

• Residential Real Estate vs Bonds

Both residential real estate and bonds can get you stable returns. Bonds have an added advantage since it comes with lower risk than residential real estate. Furthermore, bonds have higher liquidity than residential properties.

Are you interested in investing in bonds? Then register on our platform and invest in some of the top-rated bonds in the market at no additional costs or hidden charges.

Are you interested in investing in bonds? Then register on our platform and invest in some of the top-rated bonds in the market at no additional costs or hidden charges.

Steps to Invest in Residential Real Estate in Rohtak

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

Step 1: Finalise your budget.

Step 2: Search online for the best localities which are developed and have high rental potential.

Step 3: Select some properties and visit these sites. Look into the available infrastructure and amenities available in that area.

Step 4: Choose a suitable property and prepare the documents of ownership like the title deed, encumbrance certificate, sale and purchase agreement, possession letter, completion letter etc.

Step 5: Complete the payment procedure for the property and pay the stamp duty and registration charges to become the legal owner of the property.

Final Word

Rohtak is an important city in Haryana as well as northern India which is gaining popularity as an ideal location for residence due to its infrastructural facilities, development as well as its proximity to New Delhi. So, it would be an ideal choice to invest in residential real estate in Rohtak.

However, it is advisable to consult a real estate agent before buying a residential property.

Frequently Asked Questions