Guide for Bilimora Commercial Real Estate Investment

Bilimorais a charming city in the district of Navsari, Gujarat, known for its picturesque scenery, rich cultural heritage, delicious cuisine, affordability, and friendly locals.This city has a total population of 53,187 with a literacy rate of 89.2%, which is higher than the national average.

The city of Bilimora is home to small and medium-sized businesses driven by paper and wood mills, chemical industries, and agro-based industries. The city is well-connected and has a well-developed public transportation system including local trains, buses, and taxis. Thus, it is accessible to travellers on a budget with affordable accommodation and street food options.

Top Reasons to Invest in Bilimora Real Estate

Here are the top reasons to consider investing in Bilimora’s real estate market:

• Strategic Location

Bilimora is the 2nd largest city in the Navsari district. It is strategically located near the major city of Mumbai, making it an attractive destination for real estate investment. Furthermore, the Karera, Kaveri, and Ambika rivers surround this city’s periphery. These factors provide easy access to a large pool of potential buyers and renters.

• Growing Economy

Bilimora is called Gujarat’s Manchester as it is experiencing rapid economic growth, with a growing number of businesses and industries such as paper mills, woodwork, and chemical plants, setting up in the area. This is fuelling the demand for residential and commercial properties, providing investors with a lucrative opportunity to capitalise on the growth.

• Improving Infrastructure

The government of Gujarat is investing heavily in improving the infrastructure of Bilimora, including the construction of new highways, bridges, and flyovers. This is attracting more people and businesses to the area, driving up demand for real estate.

• Tourism Industry

Bilimora’s tourism industry is fuelled by its variety of religious attractions, such as the Somnath Mahadev, Shri Jalaram, and Shri Gayatri Mandirs. In addition to these, the Sikh Gurudwara, Ganga Mata and Sai Temples are also popular tourist hotspots. Apart from these religious locations, Bilimora also boasts natural beauty such as Gira Falls, Saputara Hills, and Unai Springs.

• Rental Income

With a growing population and a large pool of potential renters, Bilimora’s real estate market offers excellent potential for passive rental income. Investors can expect a steady stream of rental income from their properties, making real estate investment in Bilimora a smart long-term investment.

Commercial Real Estate Investment Opportunities in Bilimora

Individuals looking for commercial real estate investment opportunities in Bilimora can consider the following areas:

• Near Somnath Temple

One can consider investing in commercial real estate near the famous Somnath Temple at affordable prices of approximately ₹ 7,800 per square foot. This can be quite a profitable area to buy a property in, as it is a tourist attraction that brings several people to this heritage site.

• Near Laxmi Complex Station Road

Folks can also invest in commercial real estate near the Laxmi Complex Station Road, which is a prime location for easily accessible transport. Here, the prices for commercial real estate are around ₹ 8,400 per square foot.

Things to Consider Before Buying a Commercial Property in Bilimora

Consider the following factors that may affect the return on investment prior toinvesting in a commercial property in Bilimora:

• Builder’s Reputation

Buildings constructed by prominent developers are typically of excellent quality and have a higher brand value, allowing them to be a solid investment choice. Occupants frequently choose buildings linked with well-known developers, which can lead to better returns. To guarantee the property has a high demand and brand value, it is essential to check the developer’s background and track record.

Additionally, individuals should invest in houses constructed by professional and recognised builders, as this makes the property more appealing to tenants. Before investing in an under-construction project, conduct a comprehensive background check on the builder and learn about their finished projects and court cases.

• Amenities & Infrastructure Available

Before purchasing a commercial property, consider its closeness to vital facilities such as power and water, as well as its proximity to an airport and train station, as well as the availability of critical facilities such as healthcare, police stations, and academic institutions.

Properties with contemporary amenities and solid infrastructure are in higher demand, and the locality’s infrastructure is a key component in influencing demand and value. Ensure that vital services are close, as well as basic infrastructure such as well-maintained roads, water supply, backup power, and telecommunications. The standard of facilities and infrastructure surrounding a property has a direct influence on its demand.

• Transport &Connectivity

Connectivity is an important component in determining the demand and value of a business property. Invest in a home in a desirable location with easy access to the rest of the city through major highways and transit alternatives.

A property in a desirable location with easy access to the rest of the city and state will hold its value and create strong profits. For the best rates, ensure that the property is well-connected to the rest of the city via public transit and enough road networks and that it is conveniently positioned near dense residential areas.

• RERA Verification

As per the Real Estate Regulatory Authority (RERA) Act 2016, all the states and union territories in India must establish a RERA body under the authority of their state governments to govern and facilitate real estate transactions. RERA fosters clarity and security in the real estate industry while also protecting investors’ interests.

All builders in India, along with their properties, must be certified under RERA. Ergo, before investing in a commercial property in Bilimora, one should thoroughly investigate the credibility of developers and their buildings by visiting the official Gurajat RERA website.

Stamp Duty in Bilimora

The below table shows stamp duty rates in Bilimora:

Registration Charges in Bilimora

Here are the registration charges in Bilimora:

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

Bilimora shows a lot of promise for investment, particularly in the commercial real estate sector. This city has a thriving economy that is attracting new businesses and therefore, driving up demand for commercial real estate.

The city of Bilimora is strategically located near major cities such as Mumbai and Surat, making it an ideal location for businesses looking to expand.The nearest airportand naval port to Bilimora are situated in Surat, at a distance of about 66km and 64km respectively.

People travelling from Mumbai can reach Bilimora in about 4 hours by road, and 3 hours by train. Furthermore, Bilimora is connected to the surrounding regions of Surat, Valsad, Saputara, and Pune.Thus, the demand for commercial properties in Bilimora is on the rise, as more businesses move into the area, and prices for commercial properties are also rising.

With a thriving economy, strategic location, improving infrastructure, and growing demand for commercial properties, Bilimora is a promising and attractive destination for investment in the commercial real estate industry.

Commercial Real Estate vs Other Asset Classes

Investing in real estate can be a great way to diversify a portfolio and potentially generate passive income. However, with various asset classes available, it can be difficult to determine which option is the best fit. Ergo, here is a comparisonof commercial real estate to other popular asset classes such as gold, stocks and mutual funds, bonds, and residential real estate:

• Commercial Real Estate vs Gold

While both commercial real estate and gold are often considered safe-haven investments during economic uncertainty, commercial real estate offers the added benefit of rental income and appreciation potential. Gold only offers the potential for price appreciation, making it a less versatile option. Additionally, commercial real estate is a tangible asset with a physical location, offering a level of security that gold cannot match.

• Commercial Real Estate vs Stocks & Mutual Funds

Stocks and mutual funds have the potential to generate high returns through capital gains, but they are also subject to the volatility of the stock market. In contrast, commercial real estate offers a more stable investment option, with the potential for passive income through rent and appreciation. Additionally, commercial real estate is a tangible asset that can provide a hedge against inflation, while stocks and mutual funds are subject to market forces that can impact their value.

• Commercial Real Estate vs Bonds

Bonds are a popular fixed-income investment, offering regular interest payments. However, they lack the potential for appreciation and rental income that commercial real estate offers. Additionally, the value of bonds can be affected by changes in interest rates, while commercial real estate is generally considered a more stable investment, unaffected by fluctuations in the bond market.

• Commercial Real Estate vs Residential Real Estate

Though a viable investment option, residential real estate is subject to local market conditions and can be more volatile than commercial real estate. Commercial real estate, on the other hand, offers a wider pool of potential tenants, making it a more stable option. Additionally, commercial real estate properties are typically larger and more complex, providing a greater level of investment opportunity.

Here is a table showing how commercial real estate compares to other assets:

Steps to Invest in Commercial Real Estate in Bilimora

Following are the steps to investing in commercial real estate in Bilimora:

Step 1: Study the commercial real estate market and identify the best opportunities in terms of location, property type, and investment goals.

Step 2: Decide how much you can afford to invest in commercial real estate and allocate funds accordingly.

Step 3: Consider working with a real estate agent, lawyer, or financial advisor to help you navigate the commercial real estate market.

Step 4: Analyse the potential return on investment, property condition, and any additional expenses associated with the property.

Step 5: Once you have identified the right property, negotiate the terms of the purchase with the seller, including the purchase price, financing terms, and any contingencies.

Step 6: Consider obtaining a commercial mortgage or seeking other financing options to fund your investment.

Step 7: Close the deal, transfer ownership, and take possession of the property.

Step 8: Hire a property manager to handle the day-to-day operations and maintenance of the property, or consider managing it yourself.

Step 9: Regularly evaluate the performance of your investment and make any necessary adjustments to ensure you meet your investment goals.

Final Word

In conclusion, Bilimora is a hidden gem with a growing economy, strategic location, improving infrastructure, and affordable real estate prices. All these factors make it an attractive destination for real estate investment. Whether you are a seasoned investor or a first-time buyer, Bilimora’s real estate market offers a wealth of opportunities for growth and success.

Frequently Asked Questions