Etawah is a prosperous region in Uttar Pradesh situated at the plain of the Yamuna river. Etawah city is the administrative headquarter for the Etawah district and the city is quite popular and well-maintained.
Due to its location beside the Yamuna river, the area is greatly picturesque and there are several famous spots of tourist attractions. In addition, the region also has great historical importance and religious places which attracts history lovers and pilgrims from all over the country.
Further, the industrial growth in Etawah is also noteworthy and the state government has taken several steps to enhance the productivity of the industrial sector of this region. By judging its geological position, the scope of opportunities and amenities it can be a great place for residential real estate investment.
Top Reasons to Invest in Residential Real Estate in Etawah
Here are some top reasons you should consider to start investing in Etawah residential real estate:
- Tourism in Etawah
There are several destinations in Etawah and nearby areas which have made the place a popular centre of tourist attraction. Apart from the famous visiting spots, tourists can also enjoy the exotic charm of the National Chambal Gharial Wildlife Sanctuary and explore different animals in their natural habitat. In addition, the prime attraction of Uttar Pradesh is also nearby.
Thus, due to its huge scope in tourism, this sector is continuously developing. The Indian government is also contributing to the betterment of tourism in Etawah by upgrading transportation and the tourist sites’ infrastructure. So, the area has become altogether profitable for residential real estate investors as well.
- Industries in Etawah
Industrial growth in Etawah is also very noteworthy and one of the prime reasons for investing in the residential real estate sector of this region. Mainly agriculture-based small to medium-scale industries are popular in this region. There are several production units for oil, pulses and wheat extraction and manufacturing units for agricultural equipment.
In addition, chemical, mechanical, rubber, plastic and glass industries are quite popular in this region. Apart from these, the food processing and textile industry has also gained huge growth in Etawah. Thus, the place is perfect for people who are investing in the residential real estate sector or planning to live in this area as they can find plenty of opportunities here.
Residential Real Estate Investment Opportunities in Etawah
Some famous places where you can opt for residential real estate investment in Etawah are as follows:
- Ekta Colony
Ekta Colony in Etawah is a famous place and has a lot of scopes for residential real estate investments. The region is quite popular and full of beneficial amenities. In addition, people can easily access great educational institutions such as Royal Oxford International Senior Sec School, St. Thomas Public School, Seven Hills Sr. Secondary School and several other Montessori and private educational institutions. Property rent in this region ranges between ₹ 3500 to ₹ 7000.
Jaswantnagar in Etawah is another popular place and is notable for its industrial set-up. The brick manufacturing unit is quite active in this locality and there are several dealers of bricks such as Bhau Baba brick field, VD enterprise etc. Apart from brick manufacturing, flour mills are also present in abundance in Jaswantnagar. Thus, people can explore great chances of job opportunities in this locality.
Things to Consider before Purchasing a Residential Property in Etawah
While purchasing a residential property, you need to consider several important things for a smooth process. These are:
Location plays an important role when buying residential properties in Etawah. You can choose industrial areas for more available amenities. Further, you can also choose quiet places inside the city for a lower price range and peaceful living. However, choosing residential properties near main roads will be a smart option for easy transportation and access to all sorts of benefits.
When buying a house, you should opt for facilities that can make your living easy and healthy. In Etawah, you will find several areas with high infrastructure and all sorts of modern facilities with nearby schools and colleges. Besides, public visiting spots are also quite frequent in this area so you can spend your weekend time effectively. Thus, before choosing a residential property you should scrutinize these available facilities properly.
- RERA Verification
RERA verification is a must before you invest in residential real estate. This is because the RERA act has been established to ensure maximum clarity in real estate investment and reduce any further misunderstanding between the homebuyers/investors and the real estate agents. You can check RERA UP to get information about the real estate sector of Etawah.
Stamp Duty in Etawah
The stamp duty charges in Etawah are:
Registration Charges in Etawah
Etawah Residential Real Estate Sector: What’s the Forecast?
Etawah is one of the most progressive cities in UP with different upcoming projects that can benefit the local people and the residential real estate investors broadly. One such instance is an expressway building project of ₹ 15,000 crores from Agra to Lucknow which will connect many cities and Etawah also. This is going to be a major economical and transportation boost in this region which will also attract different real estate agents and investors to choose this place.
Apart from this, several housing projects are going to take place in Etawah which will offer you a great deal of profit. Besides, these projects are initiated in the popular localities in this region so finding tenants will also be easier for the investors.
Residential Real Estate vs Other Asset Classes
There are some differences between residential real estate and other asset classes that you should know for your clear understanding of a profitable investment option. These differences are as follows:
- Residential Real Estate vs Mutual Funds or Stocks
Both mutual funds and stocks are very profitable options for investment. However, at the same time, these are quite risky too. They are highly affected by share market volatility and can lead you to frequent losses. On the other hand, there is no such issue with real estate investment as they can give you a stable income without any loss. Besides, this sector does not regulate as per market volatility.
- Commercial Real Estate vs Residential Real Estate
From a profit point of view, commercial real estate is ahead of residential real estate. However, tax exemptions which are major beneficial aspects of residential real estate are absent in commercial real estate. Besides, commercial real estate has a higher maintenance cost than a residential one.
- Bonds vs Residential Real Estate
People who want to invest and earn with low risk can opt for bonds and residential real estate. Bonds are also notable for a stable income and they are safer than other investment options. Likewise, residential real estate also has a steady growth of profit and is considered a great option for investors.
- Gold vs Residential Real Estate
Gold is also a profitable option for investors however, it is also volatile. In addition, increasing the rate of gold actually means decreasing the value of paper money. However, there is no such issue in residential real estate and investors can earn real-time high profits without any loss.
The table of risk, liquidity, and volatility of different asset classes is as follows:
|Parameters||Residential Real Estate||Stocks & Mutual Funds||Gold||Commercial Real Estate||Bonds|
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Steps to Invest in Residential Real Estate in Etawah
Here are some comprehensive steps that you should follow to invest in residential real estate in Etawah:
Step 1: Decide on a budget that you can access without any problem.
Step 2: Shortlist some locations as per your requirements.
Step 3: Thoroughly research the available amenities in that location.
Step 4: Check the RERA site for further clarification about the residential projects.
Step 5: Make your payment and submit the necessary documents.
Step 6: Get an insurance plan for the newly bought property.
Hope you have got a clear idea of the residential real estate sector in Etawah and how you can invest here. Judging the scope and opportunities of this place, it is quite obvious that you will make a substantial amount of profit here by investing in the residential real estate sector. Further, for detailed guidance, you can consult any real estate help provider and make your investment process smoother.
Frequently Asked Questions:
What is the population density in Etawah?
According to the 2011 census, the population density in Etwah is 2311 people per square kilometre.
What are some famous tourist destinations in Etawah?
Some famous tourist destinations in Etawah are Raja Sumer Singh Qila, Etawah Safari Park, Tixi Temple etc.
What is the nearest airport to Etawah?
The nearest airport to Etawah is Kanpur Airport. Plenty of transportation facilities are available to access this airport from Etawah.