Guide for Bhatpara Commercial Real Estate Investment

Bhatpara is a city situated in the North 24 Parganas district of West Bengal. This area is covered under Kolkata Metropolitan Development Authority (KMDA). State Highway 1 passes through Bhatpara. There are a total of three railway stations that serve Bhatpara on the Sealdah-Ranaghat line. These stations are Shyamnagar, Kankinara and Jagaddal railway station. Not only is there easy availability of bus, auto and rickshaw but also boat services. Bhatpara is also a developing tourist destination.

Let us understand how investing in commercial real estate properties in Bhatpara might be profitable in the long run.

Top Reasons to Invest in Bhatpara Real Estate

Here are some of the reasons why you would want to invest in real estate in Bhatpara:

  • Tourism

There are several tourist locations in Bhatpara. Some of them are Bhatpara Gure Bari, Rupdas Babur Ghat, Balaram Sarkar Ghat, Panch Mukhi Hanuman Mandir, Madrail Hanuman Mandir, Aat Goli, Ishaque Sardar Masjid and Panchmandir. This means investing in hospitality and real estate might be worth your money.

  • Connectivity

Public transport like buses, trains, auto rickshaws and cycle rickshaws are readily available. State highway 1, which is known as Ghosepara Road, runs through Bhatpara. There are a total of three railway stations in the vicinity within a radius of 3 km. Jagaddal railway station is only 600 m away. Boat services can also be availed to travel to Chandannagar and Chinsura.

Commercial Real Estate Investment Opportunities in Bhatpara

Here are some of the localities that might be worth investing in commercial real estate in Bhatpara:

  • Kankinara

Kankinara is a bustling locality. Some of the well-known shopping hubs like Shyamnagar Bazar are in the vicinity. It is well connected to other parts of the city as cabs and autos are available within 1 km. Even the railway station is nearby. In Kankinara, the rate of property ranges around ₹1,667 to ₹3,939 per square foot.

  • Jagaddal

It is a good location which is in close proximity to a railway station. Transportation is really good, and traffic jams are also minimal. Markets are present in the vicinity. It also has a manufacturing hub of jute. Rate of property here may range something around ₹1,667 to ₹6727 per square foot.

Things to Consider Before Buying a Commercial Property in Bhatpara

Here are some of the factors that you should consider before buying a commercial property in Bhatpara:

  • WBHIRA Authentication

Before purchasing a property, you should check the authenticity of the builder as well as the property. When you are purchasing a commercial property in West Bengal, you can visit the West Bengal Housing Industry Regulatory Authority website to check the authenticity of both. 

This is a statutory body which was formed as per Section 20 of West Bengal Housing Industry Regulatory Act of 2017. Its aim is to promote and regulate West Bengal’s real estate sector.

  • Thorough Research

It is crucial to do thorough research before purchasing a commercial property. As the quantum of investment is quite huge in real estate, it is better to check the long-term predictions to do justice to your investment and earn profits. If you spend a considerable amount of time researching to find the perfect locations, it will not be considered a waste of time.

Stamp Duty in Bhatpara, West Bengal

In West Bengal, you need to pay the stamp duty while purchasing a property in the state. You can pay the stamp duty online as well. Here are the rates of stamp duty applicable in Bhatpara:

CategoryStamp Duty
For Property at or Below ₹25 Lakh6%
For Property Above ₹25 lakh7%

Registration Charges in Bhatpara, West Bengal 

Registration charges are mandatory if you wish to register the property you purchase in your name and make it a public record. Here is the rate of registration charge applicable:

CategoryRegistration Charge
For Property at or Below ₹25 Lakh1%
For Property Above ₹25 lakh1%

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

Bhatpara has seen an upward trend in terms of real estate sales in the previous year. If you compare it with other developed localities, Bhatpara offers a decent number of facilities that meet the requirements of real estate investors. As Kolkata is approximately only 2 km from here and the airport is also an hour’s drive, demand for commercial real estate property is high.

The starting price of properties in the locality is ₹220 per square foot, while the average price is around ₹2,110 per square foot. Property in Bhatpara has seen a growth of 25.07% in the previous year. As per the property trends in Bhatpara, both buying and selling properties are profitable at the moment. 

Commercial Real Estate vs Other Asset Classes

Here is the comparison between commercial real estate and other asset classes: 

Commercial Real Estate vs Gold

Gold investments are highly liquid when compared to commercial real estate; however, commercial real estate is less risky as gold can get stolen. Moreover, unlike real estate, gold investments do not help to generate passive income. 

Commercial Real Estate vs Residential Real Estate

Residential real estate is comparatively more prone to risk as tenants keep switching houses which is not the case in commercial real estate as the lease agreement is for a longer period. Moreover, you get better returns if you invest in commercial real estate. However, tax benefits are better in case of residential real estate if you avail the property on a home loan. 

Commercial Real Estate vs Stocks & Mutual Funds

Stocks and mutual funds perform much better in comparison to real estate; however, the consistency of returns is better in case of real estate. In case of tax benefits, stocks and mutual funds are better when compared to commercial real estate.

Commercial Real Estate vs Bonds

Bonds are much more stable and offer steady returns in comparison to real estate. They are also highly liquid as it takes a considerable amount of time to find a suitable property buyer. 

Do you wish to invest in a stable asset and earn fixed returns of 9-11%? If yes, register on our platform today and invest in the top-rated bonds available in the market. 

ParametersCommercial Real EstateStocks & Mutual FundsGoldResidential Real EstateBonds
ReturnsHighHighModerateModerateModerate
LiquidityLow High High Low Moderate 
RiskLow High Low Low Moderate 
VolatilityLow High Low Low Low 
Ticket SizeHigh Varies Low HighVaries 

Steps to Invest in Commercial Real Estate in Bhatpara

Here are the steps that you can follow if you wish to start investing in commercial real estate in Bhatpara:

Step 1: Come up with an ideal investment budget. 

Step 2: Prepare a list of all the localities that have the facilities that you require in the property. 

Step 3: Plan a field visit to each of the shortlisted locations and assess them in terms of infrastructure and amenities. 

Step 4: Once you finalise a property, prepare the necessary documents such as title deed, sale agreement, building plan, etc. 

Step 5: Complete the payment process. Make sure to pay the requisite stamp duty and registration charges to transfer the ownership of the property to your name. 

Final Words

At present, Bhatpara is one of the best commercial real estate locations near Kolkata. This is because the connectivity of Bhatpara with the state capital is fantastic. Another important factor is its proximity to the banks of river Hooghly. Other than this, it is a tourist hub that is slowly but steadily attracting more commercial real estate investors to invest in hospitality and retail. 

However, it is important that while you are investing in a commercial property, you should take measured steps to cope with any crisis, one of which might be damage to your property. As a measure, you can take an insurance policy that will protect your property financially in case your property requires repairs.

What is stamp duty? 

Stamp duty is a legal tax imposed on the sale of property by the concerned state government. Under Section 3 of the Indian Stamp Act 1899, stamp duty calculation is based on the value of house/property. 

How different is commercial lease structure from residential lease structure?

Yes, there are specific differences between commercial and residential lease structures. In case of commercial lease structure, it is one-sided in which the landlord cannot evict the tenant, but the tenant can vacate whenever they want to. Commercial lease structure has a 9 or 15-year structure with an escalation each year of 3 to 5 years.

What are the types of commercial properties? 

The different types of commercial properties include warehouses, shared workspaces, retail stores, restaurants, hotels, storage facilities, etc. 

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Disclaimer: This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The article may also contain information which are the personal views/opinions of the authors. The information contained in this article is for general, educational and awareness purposes only and is not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision, whether related to investment or otherwise, taken on the basis of this article.

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