Guide for Bathinda Residential Real Estate Investment￼
A large city in Punjab, Bathinda is gradually evolving as a residential area. Located near Chandigarh, it is currently the fifth-largest city in Punjab. It is the home of multiple prestigious educational institutes. Moreover, it is also developing as a commercial hub with various thermal and fertiliser plants.
As of 2023, Census 2011 reports that Bathinda has a population of 393,000. It has increased largely since the past. Its connectivity is responsible for drawing residents to Bathinda from all across India. It is located near multiple National Highways, including NH 7 and NH 54. Additionally, it is offering multiple local facilities to the residents.
Read along to find out more about the current residential real estate sector of Bathinda and its investment opportunities.
Top Reasons to Invest in Residential Real Estate in Bathinda
Here are some of the major reasons why you should consider investing in the residential real estate properties of Bathinda.
- Local Facilities
Bathinda is the home to multiple prestigious educational institutes, which makes it popular among the residents. The Central University of Punjab Bathinda, Maharaja Ranjit Singh Punjab Technical University, AIIMS Bathinda, etc., are some of these. It is also home to multiple well-known hospitals here, including Max Super Speciality Hospital, Punjab Cancer Care, etc. Moreover, the Bhag market and Gandhi market are the main marketplaces here.
- Connectivity & Transportation
Bathinda has great connectivity across Punjab and different states of India. Roads like NH 7, NH 54, NH 148B and NH 754 have contributed to enhancing the connectivity. This makes the roadway the main form of transportation. Bathinda Junction railway station makes it easier to travel through railways across different parts of India. Additionally, Bathinda Airport is located within 20km of the city.
- Commercial Hub
Bathinda is developing as a major commercial hub. It is currently the home to two modern thermal plants, including Guru Nanak Dev and Guru Hargobind Thermal Plants. Moreover, there are two cement plants here from Ambuja Cements and UltraTech Cement Limited. There are also fertiliser plants, an army cantonment and an air force station here. Thus, it is a commercial hub, which can create employment opportunities for the residents of Bathinda.
- Clean Neighbourhood
Bathinda is an ideal location to live with families, as it has clean and peaceful neighbourhoods. There have hardly been reports of crimes and conflicts in the residential areas, which make it fit for living for a long time. Moreover, the environment is also perfect for children and elders to reside in.
Investment Opportunities in Residential Real Estate in Bathinda
If you wish to invest in Bathinda’s residential real estate, some areas will be more profitable than others. Here are the top residential areas in Bathinda.
- Barnala Road
It is a popular residential area in Bathinda. The railway is a major transport option here, the nearest stations being Bathinda junction and Bathinda Cantonment. Nearby schools and colleges include Guru Ram Das Public School, St. Kabir Convent School, Adesh Nursing College, etc. Guru Ram Dass Hospital offers healthcare assistance here. 3 BHK apartments start from about ₹ 55 lakhs here.
- Multania Road
It is another residential area with various facilities. Transport options include buses and railways through Old Bus Stand and Bathinda Junction Railway Station. Nearby educational institutes include Sarvhitkari Vidyapeeth, SSD Girls College, Lord Rama Public School, etc. Fores Store is a supermarket here, while Mediprime Hospital offers healthcare services. You can find 2 BHK apartments here starting from ₹ 30 lakhs here.
- Model Town
This location is known for having wide roads and local facilities. Bathinda Junction Rail Way Station is the nearest one, while buses are also easily available here. Educational institutes here are Kidzee Bathinda, Lord Rama Public School, SSD Women’s Institute Of Technology, etc. Aarogyam Clinic and Mediprime Hospital offer healthcare assistance to the residents. A 2BHK apartment starts from only ₹ 16 lakhs here.
It is a suburban town in Bathinda, which is growing as a residential area. Goneana Bhai Jagta Rail Way Station is the nearest one, while buses are also easily available. Aman Hospital is a prime healthcare centre here. Educational institutes here include Aklia Group of Institutions, Aklia Polytechnic College, Govt High School Harraipur, etc. 3BHK apartments start from ₹ 32 lakhs in this region.
- Bibi Wala Road
It is another popular residential area in Bathinda. You can get access to buses through the Old Bus Stand, while Bathinda Junction Railway Station is the nearest rail station. Sarvhitkari Vidyapeeth, SSD Girls College, Lord Rama Public School, etc., are the nearest educational institutes. Fores Store and Easy Day are the nearest marketplaces. You will find 2 BHK apartments here starting from ₹ 28.5 lakhs.
Things to Consider Before Investing in a Residential Property in Bathinda
While Bathinda is a great residential area, here are a few factors you must consider before investing in residential real estate properties to avoid any errors.
- Infrastructural Problems
Some areas in Bathinda are dealing with major water-clogging and sewage issues. Especially during monsoons, there are problems with a flooded drainage system. This can be a serious problem for those living in such areas, as it is unhealthy and unhygienic. You need to avoid choosing such locations for residence.
- Local Environment
There is a large part of the slums in Bathinda besides the factories and industries. This has contributed to compromised air quality in this area. There can be some problems with pollution in such areas. If you choose such locations, there can be serious health issues. Hence, you must inspect the local environment closely to avoid these issues.
- RERA Authentication
The government introduced a statutory body called the Real Estate Regulatory Authority (RERA) to monitor the process of buying and selling real estate properties in India. The platform helps the government ensure that the process is clean and transparent. You should always check the website of RERA Punjab to ensure that the property you chose is registered here.
Stamp Duty in Bathinda
It is important to know the stamp duty of an area before investing in its residential real estate properties. Here are the stamp duty charges in Bathinda.
- Stamp Duty Based on Gender
- Stamp Duty Based on Deeds
|Deed Name||Stamp Duty|
|Sale or gift||5% of the consideration amount + 1% of SIC (Social Infrastructure Cess)|
|General power of attorney for up to five people||₹ 2,000|
|General power of attorney for more than five people||₹ 4,000|
|Special power of attorney||₹ 1,000|
|Cancellation of SPA||₹ 400|
|Cancellation of GPA||₹ 1,000|
|Mortgage deed (with or without possession)||4% of the consideration amount|
|Lease for less than a year||4% of annual rent|
|Lease for 1-5 years||8% of the annual average rent|
|Lease for 5-10 years||3% of the annual average rent|
|Lease for 10-20 years||3% of annual average rent x 2|
|Lease for 20-30 years||3% of annual average rent x 3|
|Lease for 30-99 years||3% of annual average rent x 4|
Registration Charges in Bathinda
While dealing with real estate properties, you must pay a registration charge. This is a mandatory process to complete real estate transactions. Across Punjab, the registration charge is 1% of the total price of the property. This charge is the same for all owners irrespective of gender or location. Here is how you can calculate the registration charge on your transaction.
|Value of the property as per sale deed||₹ 60 lakhs|
|Registration charge||₹ 60,000 (1% of ₹ 60 lakhs)|
Bathinda Residential Real Estate Sector – What’s the Forecast?
The real estate sector of Punjab has been growing rapidly, as the towns are facing fast urbanisation. As of 2020, Punjab RERA reported a record application for 942 new projects. This goes to show the growing popularity in Punjab for residents. Moreover, the state government has planned to develop industrial hubs in different areas of Punjab, which will also attract residents.
Bathinda is one of the highly-developed areas in Punjab. The Punjab government has decided to redevelop the thermal plants here, which ensures employment prospects here. Various residential projects are currently in line here, some of which include Mittal Ganapati Enclave, Omaxe City, Ansal Sushant City, Royal Green City, etc.
Residential Real Estate Vs. Other Asset Classes
One might wonder if investing in residential real estate properties can be beneficial for the future. Here is a detailed comparison between different classes of assets to give you a better understanding.
- Residential Real Estate vs Stocks & Mutual Funds
The stock market is a popular area for investment. Mutual funds are usually reliable and generate an impressive return on investment. However, it is important to know that the stock market is subject to market fluctuations, which makes the returns highly volatile. Even though real estate generates relatively lower returns, the risks are much lower than the stock market.
- Residential Real Estate vs Commercial Real Estate
Commercial real estate aims at renting out properties for business purposes. Individuals or organisations rent these for running their activities. They generate better returns than residential real estate properties, but it is always a challenge to find suitable tenants here. Moreover, residential properties offer better tax returns.
- Residential Real Estate vs Gold
Another popular investment instrument is gold, which is a valuable metal used for preparing jewellery and accessories. It is a great option for both long-term and short-term investment, as it is easier to liquidate it. However, the returns generated from residential real estate properties are usually higher than that of gold.
- Residential Real Estate vs Bonds
Bonds are again essential investment options, which are more reliable than the stock market. Unlike mutual funds, bonds are not volatile to market fluctuations. They generate more or less the same returns irrespective of economic changes.
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The following table will give you a better understanding of the comparison between different asset classes for investment.
|Parameters||Commercial Real Estate||Stocks & Mutual Funds||Gold||Residential Real Estate||Bonds|
Steps to Invest in Residential Real Estate in Bathinda
Here are some of the steps if you are planning to invest in the residential real estate sector of Bathinda.
Step 1: Determine your desired criteria for a residential real estate property. Plan your expenses and budget.
Step 2: Start conducting research through the internet or a professional broker. Visit the locations of some of these.
Step 3: Generate feedback from the neighbours. Make your final choice based on the facilities and budget.
Step 4: Meet the seller and assess the documents. Consult a lawyer and keep copies of documents, such as sale deeds and possession letters.
Step 5: Make your payment, while paying the stamp duty and registration charges. Complete the procedure by getting an insurance policy for the newly purchased property.
Thus, Bathinda can be the perfect place if you are planning to invest in residential real estate. It is rapidly urbanising, with an industrial hub and employment opportunities. Moreover, its local facilities and connectivity have also contributed to its development as a residential area. Investing in its properties can therefore be profitable for the investors.
Frequently Asked Questions
What are some good residential areas in Bathinda?
Barnala Road, Multania Road, Goniana and Bibi Wala Road are some of the best residential areas in Bathinda. They offer good prices and facilities for the residents.
What is the price of real estate in Bathinda?
Real estate is currently affordable in Bathinda, ranging between ₹ 300 and ₹ 18,324. On average, it is about ₹ 4,925 per sq. ft.
Is it profitable to invest in the residential real estate of Bathinda?
Yes, the residential real estate of Bathinda is highly profitable. As it is rapidly urbanising with new industries and thermal plants, the price of real estate is likely to increase in future.
Who are the top builders of Bathinda?
Some of the best builders of Bathinda include Mittal Group, Indira Infratech, Emerging India, Walia Projects, etc. You can consider them for your plans for real estate investment.