Guide for Bhiwandi Residential Real Estate Investment

9 min read • Updated 12 May 2023
Written by Team Wint Wealth

Bhiwandi is a major tier-II city in the Thane district of Maharashtra. It is located 20 km away from Mumbai and is considered a part of Greater Mumbai. 

Bhiwandi has excellent transportation facilities which link it to various cities and towns like Mumbai, Thane and Nashik. The city also has modern state-of-the-art hospitals and schools. The recreational facilities further make it one of the best places to stay.

This place is also a prominent industrial hub. It is known for its textile industries. It is next in line for development by the Mumbai Metropolitan Region Development Authority (MMRDA)

Its proximity to a commercial hub like Mumbai makes it one of the fastest industrially developing cities. This is going to create a lot of employment opportunities for people from around the country.

Read to know all about the investment opportunities in Bhiwandi’s residential real estate. 

Top Reasons to Invest in Bhiwandi Residential Real Estate

Here are the reasons why you should consider investing in Bhiwandi’s residential real estate sector: 

  • Infrastructure

Bhiwandi has excellent hospitals to cater to the needs of the residents in the city. Some of the major hospitals here are Ayush Hospital, Thunga Hospital, Thombare Hospital and City Hospital and Polyclinic.

There are a lot of modern state-of-the-art educational institutions here like HK Institute of Management Studies and Research, Jaipuria School, National Institute of Management and Research Studies, etc.

In this city are some of the best recreational facilities which you can avail in weekends and holidays. This includes numerous shopping malls like the Hub Mall, Dreams the Mall, Phoenix Marketcity Mall and several others. There are also numerous famous restaurants in this city. 

  • Connectivity

Since it is a major industrial city, Bhiwandi enjoys excellent transportation facilities linking it to major cities in the state as well as the country.

Bhiwandi falls on the NH-3, which links the city to Agra and Mumbai. It is connected by roadways to other cities like Mumbai, Thane and Pune. There are uninterrupted bus services that you can use to travel to other cities.

Bhiwandi is also connected by railways. It comes under the Western Railways. Being a major railway junction, many major trains stop at this railway station along with local trains that connect it to nearby cities.

Residential Real Estate Investment Opportunities in Bhiwandi

Here are some of the best localities in Bhiwandi where you can buy a residential property:

  • Sonale Village

Sonale Village is a major residential locality in Bhiwandi, which has some of the best connectivity facilities within the city. There are numerous bus stops. Additionally, it is located close to several railway stations, namely, Kalyan Railway Station, Thakurli Railway Station, Ambivli Railway Station and Shahad Railway Station.

Apart from the transportation facilities, this area also has access to all the modern infrastructure and amenities required for a comfortable living experience. For catering to medical emergencies, there are hospitals like Khawaja Garib Nawaz Hospital, Apna Nursing Home and KGN Dr. Abuzar’s Nursing Home.

There are also numerous recreational facilities available in this locality. Some of the best cinema halls in this area are UFO Moviez, Bharat Talkies and Apsara Cinema. There are several restaurants here like Quick Bite Garden Restaurant, Wel-Come Hotel Restaurant and Shivaji Hotel.

Thus, the overall living experience in this area is very good which makes it worth investing in the residential properties of this locality.

  • Purna

Purna is another popular residential locality in Bhiwandi. Apart from having access to road, rail and air transportation facilities, it has the best infrastructure and amenities in the city. It is located close to the Chhatrapati Shivaji International Airport. 

There are some good hospitals in this locality like S.S. Hospital and J.D. Memorial Hospital. This area also has some malls like D Mall. There are also several parks in this area like Children’s Park, Nana Nani Park and Rodas Enclave Common Park.

Things to Consider Before Buying a Residential Property in Bhiwandi

Here are some of the crucial factors that you must keep in mind while buying a residential property in Bhiwandi:

  • Location and Connectivity

While selecting a property, always look for the available infrastructure and amenities in the locality. This includes basic amenities like schools and hospitals as well as other infrastructure like malls, markets, cinema halls and restaurants.

Furthermore, also look into the transportation facilities available in the area. The area should have bus stops nearby and should be well-connected to other parts of the city.

  • RERA Verification

The Real Estate Regulatory Authority Act, 2016 has stipulated the establishment of a statutory body in every state for regulating the real estate market. The resultant body in every state aims to maintain transparency and accountability and prevent property fraud in the state’s real estate business.

Thus, before investing in a residential property in Bhiwandi, visit the RERA Maharashtra website to check the authenticity of the builder and its property.

Stamp Duty in Bhiwandi, Maharashtra

Here are the stamp duty rates for residential property in Bhiwandi:

AreasStamp Duty Rates
Urban Areas6%
Mumbai City and Suburban Areas5%
Rural Areas4%

Registration Charges in Bhiwandi, Maharashtra

Apart from the stamp duty, you also will also have to pay the registration charges for residential property in Bhiwandi. The charges have been given below: 

AreasRegistration Charges
Urban Areas1%
Mumbai City and Suburban Areas1%
Rural Areas1%

Residential Real Estate Sector in Bhiwandi: What’s the Forecast?

Bhiwandi is currently witnessing a rapid change in the developmental scenario. The state and central government are allocating funds for developing the transportation system of the city as well as its overall infrastructure.

The Maharashtra government is funding the construction of the much-awaited Alibaug-Virar Multi-Modal Corridor. The construction of this greenfield road will provide better connectivity to Bhiwandi with cities like Virar, Kalyan, Dombivali, Panvel, Taloja and Uran. 

The multi-modal corridor will link NH-8, NH-3, NH-4, NH-4B, Bhiwandi Bypass, Mumbai-Pune Expressway, NH-17 and Mumbai Vadodara Expressway. This will largely augment the roadway connectivity of Bhiwandi with other major commercial hubs in Western India.

The Mumbai Metropolitan Region Development Authority (MMRDA) has also announced that 70% of work on Metro Line 5 has been completed. After completion of the project, it will connect Bhiwandi to Thane.

Apart from developing the transport connectivity within the city, the MMRDA has also announced infrastructural developments in Thane, Palghar and Bhiwandi worth ₹2,700 crore.

Residential Real Estate vs Other Asset Classes

Here is a comparison between residential real estate and other asset classes:

  • Residential Real Estate vs Gold

Residential real estate has higher profitability than gold investments. However, gold has higher liquidity than residential properties. Thus, it is ideal to invest in residential properties if you have a mid to long-term investment plan.

  • Residential Real Estate vs Commercial Real Estate

Commercial real estate investment generates higher profit than residential real estate since the rent price and resale value are higher than residential properties. However, it is easier to find tenants for residential properties due to their lower prices. Furthermore, residential properties also have some tax benefits that commercial real estate does not have.

  • Residential Real Estate vs Stocks and Mutual Funds

Stocks can fetch higher profits than residential real estate. However, stocks are highly volatile and the returns fluctuate according to market conditions. Residential properties are a much safer investment option that helps to generate passive income. 

  • Residential Real Estate vs Bonds

Both residential real estate and bonds can get you stable profits. Bonds, however, have a lower credit risk. Furthermore, bonds have higher liquidity than residential properties.

If you are interested in investing in low-risk bonds, register on our platform today and invest in top-rated bonds at no additional cost or hidden charges.

ParametersCommercial Real EstateStocks & Mutual FundsGoldResidential Real EstateBonds
LiquidityLow High HighLow Moderate 
RiskLow High Low Low Moderate 
VolatilityLow High LowLow Low 
Ticket SizeHigh Varies LowHighVaries 

Steps to Invest in Residential Real Estate in Bhiwandi

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

Step 1: Fix your investment budget.

Step 2: Conduct online research and find some developed localities with high rental potential.

Step 3: Visit the shortlisted sites and find out about the infrastructure and amenities available in the area.

Step 4: Once you finalise a site, prepare the official documents like the title deed, sale and purchase agreement, encumbrance certificate and allotment letter.

Step 5: Complete the payment process. Make sure to pay the required stamp duty and registration charges. 

Final Word

Bhiwandi is one of the developed industrial centres of the country which has a lot of employment opportunities. This makes it one of the most sought after residential locations. Investing in residential real estate in this city can be a lucrative affair.

You should also take the help of a real estate agent to find the best residential property to invest profitably.

Frequently Asked Questions

What is stamp duty?

Stamp duty is a legal tax that is imposed by the state government on a purchased property. It is payable under Section 3 of the Indian Stamp Act, 1899. You must pay it to become the legal owner of the purchased property.

What is a sale deed?

A sale deed is a legal document that acts as crucial proof of property ownership. It is used to record the transfer of property from the seller or builder of a property to its buyer.

What is the purpose of property registration?

Registering a newly purchased property is a crucial part of the purchase procedure. It is only after registering a property that you become the legal owner of the property. If you do not register your property, the erstwhile owner or builder of the property continues to have the lawful ownership of the property.

What are the different types of residential properties that I can invest in?

The different types of residential properties that you can invest in are single-family houses, townhouses, condos, duplexes, etc.

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