Guide for Kamarhati Commercial Real Estate Investment 

Kamarhati is a small town that belongs to the Barrackpore subdivision. This area is home to several industries like jute mill, rail, tobacco, ceramic and match industries. It is situated on the Hooghly River 18 km north of Kolkata and is served by the Kolkata Metropolitan Development Authority (KMDA).

Apart from these industries, Kamarhati hosts several manmade parks and lakes for the recreation of locals and visitors. Furthermore, Emami Paper Mills in Kamarhati is the largest newsprint-producing company in Kamarhati. Tourists and pilgrims come to this town when they visit the Dakshineswar Temple or nearby ancient temples.

Scroll down to know the benefits of commercial real estate investment in Kamarhati. 

Top Reasons to Invest in Kamarhati Real Estate

Here are a few reasons for you to consider investing in commercial properties in Kamarhati. 

• Pilgrimage

Kamarhati is home to a group of temples popularly referred to as Rani Rasmani’s Navaratna. These temples are dedicated to prime Hindu Gods and Goddesses like Durga, Kali, Shiva and Krishna. These temples attract pilgrims from neighbouring cities and villages of Kamarhati during major festivals. 

Some of the famous temples here include the globally renowned Dakshineswar Temple and Jogada Satsangh Temple, Sarada Devi Temple and Adyapith Temple. This largely contributes to the city’s tourism. Therefore, you can invest in hotels, motels or restaurants in areas neighbouring these temples and earn substantial gains.

• Industrial Hub

This city also hosts major industrial plants for paint, rubber products, pottery and cement. These items are exported and traded in this city and outside. Some of the famous industries in Kamahati include Texmaco Rail & Engineering Ltd., Agarpara Jute Mill and Kamarhatti Company Limited. 

There is a high demand for warehouses for storing raw materials or finished products and spaces for industrial units. You invest in such spaces with adequate storage facilities to earn high rental gains. 

Commercial Real Estate Investment Opportunities in Kamarhati

The following are some localities in and around Kamarhati where you will find the most suitable commercial properties for investment:

• Kanchrapara

This is a small city near Kamarhati. The Kanchrapara Railway Workshop offers employment to the maximum number of people in this city. To aid the growing population in Kanchrapara, there are several marketplaces, malls, showrooms and motels in this locality. You can invest in office spaces, malls, retail shops and showrooms to earn steady rental gains in Kanchrapara.

Commercial property prices in this area vary from ₹18 lakh to ₹12 crore approximately.

• Naihati

Naihati is another city in the Barrackpore subdivision near Kamarhati. This is an industrial hub with several jute mills and fisheries. Other than these industries, there are social and cultural hubs to entertain the residents of this city. 

You can invest in commercial properties like malls, restaurants, café, offices and warehouse spaces in Naihati to earn substantial gains. Commercial property prices in Naihati vary from ₹10,000 to ₹90,000 approximately. 

Things to Consider before Buying a Commercial Property in Kamarhati

Here are certain things you must consider before investing in commercial real estate in Kamarhati. These are:

• Credible Builder

If you are investing in an under-construction property, make sure to research the builder’s portfolio. A property made by a credible builder is likely to attract more tenants than one made by a less credible builder. Therefore, consider cross-checking the information that the builder provides about themselves. 

To do so, you can also contact investors of their previous projects present in the builder’s portfolio. You can also check the details of registered builders/developers on the respective state’s RERA portal.

• Location and Connectivity

This also plays a major role in determining your property’s demand among tenants. If you are planning to invest in commercial real estate in a city’s centre, it is likely to attract more tenants than in the outskirts. This is simply because accessing such a location is easier owing to the availability of public transportation. 

Investing in showrooms, offices, malls and shops within a city can help you generate more rental gains. However, if you are planning to invest in a warehouse, or resort in the city outskirts, consider researching its accessibility from the city. This includes checking the condition of roads, the location of the nearest railway station and the availability of public transport.

• RERA Verification

The Real Estate (Regulation and Development) Act, 2016, was introduced by the Indian Government to eliminate discrepancies and promote transparency in the real estate sector. It mandates the formation of a Real Estate Regularity Authority (RERA) in every state and union territory. 

In West Bengal, the West Bengal Housing Industry Regularity Authority (WBHIRA) played the role of RERA. However, in 2022, the State Government established a new RERA portal after the WBHIRA was declared unconstitutional by the Supreme Court.

Stamp Duty in Kamarhati

Here are the stamp duty charges applicable on commercial properties in Kamarhati.

Registration Charges in Kamarhati

Following are the registration charges you must pay for commercial properties in Kamarhati. 

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

The jute mill industries in Kamarhati and nearby cities and towns contribute largely to the economy of the Barrackpore subdivision. Besides these industries, these towns in Barrackpore attract tourists from Kolkata and other cities for their delectable cuisines and famous temples like the Dakshineswar Kali Temple. Tourism is also a growing industry here owing to social media influencers and vloggers. 

The State Government has undertaken several development projects in recent years to improve irrigation and water supply in areas around Kamarhati. In 2022, the Chief Minister has sanctioned almost ₹35 crore for dredging in Kestopur and Bagjola Canals. This will prevent waterlogging in areas like Kamarhati, South Dum Dum and Panihati. 

The KMPC (Kolkata Metropolitan Planning Committee) has recently approved a safe drinking water project in Kamarhati that will cover the areas of North Dum Dum, Panihati, Baranagar, Khardah, Kamarhati and Titagarh. The 40 mgd (millions of gallons per day) project will cover 6 municipalities via separate trunk main lines. 

You can find several scopes to invest in and the outskirts of Kamarhati to contribute and benefit from the urbanisation wave. As a developing city, there is scope for higher returns by investing in resorts, hotels, banquets, cinema halls and retail stores to earn substantial returns. 

Commercial Real Estate vs Other Asset Classes

Let’s take a look at the differences between commercial real estate and other asset classes regarding their returns on investment. 

Commercial Real Estate vs Bonds

Bonds and commercial real estate are excellent sources of passive income. However, bonds have more market liquidity than commercial real estate as purchasing the latter takes more time. In terms of ROI, commercial properties offer more returns than bonds. 

Commercial Real Estate vs Stocks and Mutual Funds

Stocks and mutual funds have a highly volatile market. As a result, you may face huge losses or substantial gains. Unlike, stocks and mutual funds, commercial real estate is less risky and offers decent returns. 

Commercial Real Estate vs. Residential Real Estate

Commercial real estate investments are costlier than residential ones. Owing to their soaring prices, finding perfect tenants for commercial real estate is a tough job. However, commercial real estate offers more returns than its residential counterparts. 

Commercial Real Estate vs Gold

Commercial real estate is only fit for long term investments whereas gold is good for both long and short-term investments. As buying and selling gold is easier than commercial properties, gold has a more liquid market. However, in terms of ROI, commercial properties offer more returns on investment than gold. 

The table below compares asset classes based on their liquidity, volatility, risks and ticket price.

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Steps to Invest in Commercial Real Estate in Kamarhati

The steps to invest in commercial real estate might vary for different states and developers. However, here are a few basic steps you can follow to invest in commercial real estate in Kamarhati. 

Step 1: Fix a budget to invest in residential properties in Kamarhati.

Step 2: Shortlist a few locations

Step 3: Conduct on-site research to analyse the ground situation.

Step 4: Visit these locations for a thorough understanding of your benefits. Consider seeking help from real estate consultants to learn about prospects in the area. 

Step 5: Finalise and purchase a property after checking its RERA authenticity. 

Step 6: Make the necessary payments to transfer the property under your name. 

Step 7: Collect the necessary documents like the sale deed and Encumbrance Certificate.

Step 8: Pay all necessary charges like stamp duty and registration charges to transfer the property under your name. 

Step 9: Consider paying the service charges to brokers or real estate consultants. (If any)

Final Words

As a developing town, you are sure to find several opportunities to invest in commercial real estate in Kamarhati. Furthermore, before purchasing a property, make sure to go through the documents offered by the seller. You will want to invest in a property with clear ownership and no legal proceedings. Also, make sure to understand the various risks of your investment. Taking the help of an experienced real estate broker will help you greatly here.

Frequently Asked Questions