Commercial Real Estate Investment in Ajmer

Ajmer is a major city in Rajasthan and is renowned globally for being a centre of faith and pilgrimage. This attracts a huge number of people to this city each year. The famous Ajmer Sharif Darga is a holy place for Islamic pilgrimage and proof of rich Indian heritage. 

Ajmer is also a city for the people of the Jain community and has the sacred Ajmer Jain Temple also known as Soniji ki Nasiyan. Thus, this city has a rich tourism sector and heavy footfall all around the year making it a hotspot for business and commercial real estate.

Besides its immensely successful tourism sector, Ajmer is also known for being a manufacturing hub for textiles, shoes, leather goods, pharmaceuticals and electronics, etc. In total, there are over 23 large-scale industries and around 9,192 smaller enterprises. 

The infrastructural development of this city encourages economic growth in this city. This, in turn, encourages commercial real estate investment in Ajmer. If you want to invest in commercial real estate in Ajmer keep reading ahead.

Top Reasons to Invest in Ajmer Real Estate

Ajmer is one of the best cities for business in Rajasthan. If you want to invest in a commercial property in Ajmer, refer to the factors given below which makes this city the best for investment.

• Tourism Sector

Ajmer is a tourism-driven city because of the religious importance of Ajmer-Sharif and the popular Jain temples. This city also has several forts and other major tourist attractions. This results in high demand for commercial establishments like restaurants, clubs, resorts, hotels, etc., in this city.

• Smart City

Ajmer is one of the 100 cities selected under the Smart Cities Mission by the Government of India. It is also a Heritage City selected under HRIDAY and hence, Ajmer will be developing faster than other cities in the state. As a smart city, several government initiatives will be executed in the long term plan under the smart cities initiative. This will no doubt boost the real estate market of Ajmer.

• Good ROI

The commercial real estate market is developing rapidly in Ajmer. Also, being a smart city, several government-initiated developments will take place within the city. Hence, if you invest in a commercial property in Ajmer, you can get a high Return on Investment (ROI) from rental income.

• Asset Growth

If you buy a commercial property in Ajmer, it will add a long-term high-return asset to your portfolio and strengthen your passive income for a financially safe future. In addition, owning a commercial property will earn your several benefits like rental yield and the opportunity to avail a loan against property.

Commercial Real Estate Investment Opportunities in Ajmer   

You can check the list of places mentioned below for investing in commercial real estate in Ajmer.

• Kishangarh

It is one of the notable areas in Ajmer with good connectivity and a rapidly developing commercial real estate market. It is centrally connected to all other areas in Ajmer as well. The prices for commercial properties in this locality range from ₹40 lakh to ₹20 crore. 

• Nasirabad

It is a fast-developing locality in Ajmer with good bus connectivity to other parts of the city. This area is known for the Army Cantonment where many army officers are posted here throughout the year. To buy a commercial property in Nasirabad, it will cost you from ₹5 lakh to ₹7 crore.

Things to Consider before Buying a Commercial Property in Ajmer

Investing in a commercial real estate property is a long term financial commitment. It requires a large-scale investment and thus, it is in your best interest to consider all the factors that can affect your investment positively or negatively. Refer to the points given below to improve your return possibilities.

• Connectivity

One of the most crucial factors determining the value of a commercial property is its connectivity. When you select a property to invest in, you should focus on choosing a property with proper road and rail connectivity to the rest of the state. Also, make sure to check the public transportation facilities around the area.

• Builder’s Reputation

The skills and experience of the builder of an under-construction property play an important role in its credibility and resale value. Properties constructed by reputed developers have higher demand and better quality assurance. Hence, you should invest in properties built by credible builders.

• Property Location

Commercial properties should be ideally located in places with high real estate demand. In addition, it should be located in close proximity to places of business, residential zones and places like airports and railway stations. It is a good idea to choose a property that is located in a profitable location.

• Lease Terms and Conditions

The lease contract is an important document in real estate investment. Other than specifying the duration of possession for the investor, it also has additional terms and conditions that are vital to the profitability of your investment. You should always check all details of your lease contract carefully and invest in a property that suits your needs.

• Infrastructure and Amenities

Two factors that add value to any commercial property are the amenities it offers and its proximity to essential services like hospitals, entertainment facilities and educational institutes. If you select a property with high end amenities and proximity to essential services then you will fetch higher demand for your real estate investment.

• RERA Authentication

As per the Real Estate Regulatory Authority Act, 2016, all states must apply the necessary protocols to implement a dedicated government body that will monitor and regulate all real estate-related activities within a state. This government body is called the Real Estate Regulatory Authority (RERA).

As per RERA guidelines, real estate participants like builders and brokers and under-construction properties must be registered and regularly updated on the official RERA portal of the respective state. Therefore, when you shortlist a property you should always check its details from the official website of RERA Rajasthan.

Stamp Duty in Ajmer

The table given below describes the stamp duty charges applicable in Ajmer along with the surcharge applicable on stamp duty.

Registration Charges in Ajmer

You should be aware of all additional costs applicable to your property purchase other than its base valuation. Thus, the registration charges applicable for Ajmer are given below. 

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

Ajmer is an excellent location for real estate investment owing to its infrastructure and central location in Rajasthan. Furthermore, a number of development projects are taking place in this city and nearby areas.

In the upcoming years, Ajmer will focus on vastly improving its medical infrastructure and other structural developments. Its budget is dedicated to building facilities for Ayurveda studies and a veterinary hospital. In addition, Ajmer plans to develop a public health college and deploy 22 critical care ambulances.

Another major project in Ajmer is the construction of a four-lane highway linking Nasirabad to Deoli. In addition, the state has expressed plans to connect Ajmer to Kota through a new highway. Hence, with upcoming developments, you can expect to get good passive income through your investment in Ajmer.

Commercial Real Estate vs Other Asset Classes

If you want to invest in commercial real estate with the objective of asset acquisition and wealth growth, you should check the returns offered by other assets available in the market. Check the detailed list of comparisons given below to get a better idea.

• Commercial Real Estate vs Stocks and Mutual Funds

Commercial real estate is one of the asset classes that offer decent returns with moderately low risks. In contrast, equity investments like shares and mutual funds offer comparatively higher returns from market yields. Stocks and mutual funds are very volatile and thus have a high-risk factor.

• Commercial Real Estate vs Gold

Gold is a safe investment option that offers moderate returns in the long term. Gold appreciates over time but usually does not yield high returns in a short span. Commercial real estate offers higher returns on investment and is a safer asset class. Rental yields from commercial properties offer good and steady passive income over the years.

• Commercial Real Estate vs Bonds

Bonds are market securities issued by companies to raise funds for business objectives. Companies issue bonds as securities to investors for lending them money. These fixed-interest instruments offer low-moderate returns at low-moderate levels of risk.

Commercial real estate, on the other hand, offers much higher returns on investment at low risks. However initial investments for commercial properties are much higher compared to bonds. You can check the list of best-rated bonds on our homepage if you want to invest in bonds.

• Commercial Real Estate vs Residential Real estate

You can earn high returns from all types of real estate investments in the long run. However, the opportunity for higher returns is better for commercial real estate due to its higher market demand. In comparison, residential real estate carries lower risks than commercial real estate.

Given below illustrates a point-to-point comparison of the above assets based on returns, liquidity, risk, volatility and ticket price.

Steps to Invest in Commercial Real Estate in Ajmer

If you want to buy a property in Ajmer to generate good passive income, you should follow the steps given below:

Step 1: Select a broker to make your property search easy. Good brokers have strong networks. Hence, they can easily find you a good property at a good bargain.

Step 2: Narrow down a budget for your investment. Set a price range to invest in your property, as it helps to narrow down your search.

Step 3: Conduct market research to understand the real estate scenario in the city and be aware of price trends and other factors.

Step 4: Look for potential properties within your budget with the help of your broker.

Step 5: Shortlist a few properties and visit all the sites in person to check the amenities and other promised features.

Step 6: Finalise a property that best suits your needs from the list.

Step 7: Check all the updates and details of your property from the RERA website.

Step 8: Complete all necessary legal formalities as per the RERA guidelines and submit all your documents.

Step 9: Pay the broker’s commission and complete payments for your property.

Step 10: Pay additional charges for stamp duty, registration and other requirements as necessary to complete the registration process.

Final Word

Commercial real estate investments are a smart choice to build your wealth over time. Ajmer is one of the fastest-growing cities in Rajasthan with many development opportunities for commercial real estate. If you are looking to invest in a commercial property in Ajmer, this is an ideal time to go ahead.

Frequently Asked Questions