Guide for Dhule Commercial Real Estate Investment
Dhule is a city situated in Maharashtra. This city has several industrial areas and is an upcoming hub of information technology, textile, power-loom and edible oil across the state.
The Ministry of Surface Transport has recently granted permission to convert four surrounding state highways into national highways. This will transform Dhule into a commercial hub surrounded by 7 National Highways. Additionally, conversion of NH-3 from four-lane to six-lane is also in progress.
Keep reading to learn more about how investing in commercial real estate in Dhule can be worth your money.
Top Reasons to Invest in Dhule Commercial Real Estate
Here are some of the reasons why you should invest in commercial real estate in Dhule:
- Industrial Area
Dhule is known countrywide for its purest milk and ghee production; the region is also a leader when it comes to wind power generation. A large number of cottage industries are also operational like handloom, oil extraction, pottery and brickmaking.
India’s largest Logistics Park is situated on the outskirts of Dhule. Dhule is located at the centre of Delhi-Mumbai Industrial Corridor Project.
M.I.D.C is further working towards developing an industrial area in Dhule. This is sure to attract a number of large-scale industries to set up their branches here. Therefore, investing in commercial real estate here might be truly worth your money.
If we consider the connectivity of Dhule, you can see that it is located at the intersection of National Highway 3, National Highway 6 and National Highway 211. Dhule also has an airport of its own. Apart from that, it has great connectivity to ports and hinterlands. MSRTC buses also run through this city. Further, Dhule also has a railway station. This makes it a great location for commercial real estate investment.
Commercial Real Estate Investment Opportunities in Dhule
Here is a list of some of the localities in Dhule which might be apt for commercial real estate investment:
Nardana is a local hub where all types of basic facilities are available for around 15+ villages located in the vicinity. It is like a hotspot for the nearby localities. Maharashtra Industrial Development Corporation is planning to develop an industrial area on 750.09 hectares of land in Nardana.
Jalgaon junction is the nearest station here and National Highway 3 passes through Nardana making it a great investment in terms of connectivity as well. Rate of commercial property here may range around ₹15 lakh to ₹35 lakh.
Deopur is one of the localities in Dhule that offer best-in-class plots for commercial real estate investment. It is a convenient locality due to its proximity to National Highway 3. There are multiple markets in the vicinity. Rate of commercial property here may range around ₹16,000 per square foot.
Things to Consider Before Buying a Commercial Property in Dhule
Let us check out some factors that you should consider before purchasing a commercial property in Dhule:
- Market Research
Before you start investing, it is important to spend some time analysing market trends to ensure profitability. You should essentially assess the scope of future development in the locality as real estate is all about generating long-term returns. It is great if you can purchase a property which is still going through development; this way, it will help you earn better returns than properties in well-developed areas.
- RERA Compliance
It is a wise decision to check the authenticity of the property as well as the builder before taking any decision. The best way to check this is by visiting the official RERA Maharashtra website.
RERA or Real Estate Regulatory Authority is a statutory body that promotes accountability and transparency in India’s real estate sector. This body came to action after enactment of the Real Estate Regulatory Authority Act of 2016.
Stamp Duty in Dhule, Maharashtra
Dhule falls under Nashik division; therefore, stamp duty applicable in Nashik applies to Dhule. To maintain equality, Maharashtra government has kept stamp duty the same across all genders:
|Male||6% (Stamp Duty 4% + Local Body Tax (LBT) 1% + 1% metro cess)|
|Female||6% (Stamp Duty 4% + Local Body Tax (LBT) 1% + 1% metro cess)|
|Joint (Male + Female)||6% (Stamp Duty 4% + Local Body Tax (LBT) 1% + 1% metro cess)|
|Joint (Male + Male)||6% (Stamp Duty 4% + Local Body Tax (LBT) 1% + 1% metro cess)|
|Joint (Female + Female)||6% (Stamp Duty 4% + Local Body Tax (LBT) 1% + 1% metro cess)|
Registration Charges in Dhule, Maharashtra
When purchasing a property in Dhule, it is mandatory to pay registration charges to legally own your property. Here is the rate of registration charges applicable in Dhule, Nashik:
|Male||1% of property value|
|Female||1% of property value|
|Joint (Male + Female)||1% of property value|
|Joint (Male + Male)||1% of property value|
|Joint (Female + Female)||1% of property value|
Dhule Commercial Real Estate Sector: What’s the Forecast?
Maharashtra Industrial Development Corporation has been promoting the development of industrial areas in Dhule and Nardana region, making it more prone to commercial real estate investment. MIDC is about to develop 400.35 hectares of land into an industrial area in Dhule. There are plans for expansion that are currently under consideration by the state government.
The Manmad-Dhule-Indore railway line which was under consideration in the original Delhi-Mumbai Industrial Corridor Plan will further boost industrial growth in Dhulia. This will ultimately benefit commercial real estate investors who are planning to invest in Dhule.
Confederation of Real Estate Developers’ Association of India (CREDAI) had organised a five-day real estate expo in Nashik which has further brought the attention of hundreds of builders and developers to Dhule. This has promoted commercial real estate investments in Dhule.
Commercial Real Estate vs Other Asset Classes
Here is the comparison between commercial real estate versus other asset classes:
Commercial Real Estate vs Residential Real Estate
Commercial real estate is better in comparison to residential real estate in terms of return as well as stability. The lease tenure is longer for commercial real estate; hence, there is no risk of frequent tenant turnover. Residential real estate is however better in case of tax benefits if the property is brought on a home loan.
Commercial Real Estate vs Stocks & Mutual Funds
Real estate is much less risky and volatile in comparison to stocks and mutual funds. In terms of consistency as well, real estate is a better performer than stocks and mutual funds. However, in case of returns and liquidity, mutual funds and stocks are much better than real estate investment.
Commercial Real Estate vs Gold
Gold is much more liquid in comparison to real estate. Quantum of investment is also quite high in case of real estate. However, with real estate, you get the opportunity to earn passive returns every month which is practically not possible in case of gold.
Commercial Real Estate vs Bonds
Bonds offer almost risk-free and fixed returns in comparison to real estate. Moreover, they are highly liquid asset classes; on the other hand, real estate has low liquidity because it takes time to find a suitable buyer.
If you are interested in investing in a low-risk asset that offers fixed returns of 9-11%, register on our platform today. Invest in top-rated bonds available in the market at no additional costs or hidden charges.
Here is the tabular representation of comparison between different asset classes as per their returns, liquidity, risk, volatility and ticket size:
|Parameters||Residential Real Estate||Stocks & Mutual Funds||Gold||Commercial Real Estate||Bonds|
Steps to Invest in Commercial Real Estate in Dhule
Here are the steps that you can follow if you want to start investing in commercial real estate in Dhule:
Step 1: Fix an investment budget.
Step 2: Come up with a list of localities which have all the facilities that you are looking for in your property.
Step 3: Visit every location in your list and check whether their legal documents are authentic. You can take help from a commercial real estate broker in this regard.
Step 4: Choose a locality only after confirming whether it is RERA approved or not.
Step 5: Prepare the legal documents required to purchase the property such as encumbrance certificate, sale deed, allotment letter, etc.
Step 6: Complete the payment process. Remember to pay stamp duty and registration charges for your property.
Step 7: Lastly, consider purchasing insurance for your property to safeguard yourself financially in case your property incurs any damage in the future.
The Maharashtra government is taking a lot of steps to develop a number of industrial areas in and near Dhule. These initiatives are transforming this city into a hotbed for commercial real estate investment.
Further infrastructure development like construction of railway lines is motivating more industries to choose this city to set up their branches. Therefore, in case you invest in Dhule’s commercial real estate now, you are sure to earn great returns in the near future.
Frequently Asked Questions
Is Dhule airport functional?
Yes, Dhule airport situated in Gondur village is functional. However, it is suitable for small planes as the length of the runway is short.
Has there been an increase in stamp duty in Maharashtra in 2022?
Yes, the state government of Maharashtra has increased stamp duty by 1% from April 2022, in cities like Nashik, Mumbai, Thane, Navi Mumbai, Pune and Nagpur.
Is it possible to get a stamp duty refund if I enter wrong data?
Yes, it is possible to avail refund of stamp duty in case you enter data which is either wrong or irrelevant. If you need a refund, you can apply for it to the district collector, tehsildar or deputy collector.
How to pay stamp duty in Maharashtra online?
In order to pay your stamp duty online, you need to log in to Maharashtra Stamp Duty Online Payment Portal. Select ‘Pay Without Registration’ option. After this, select ‘Make Payment to Register your Document’. Fill up all the requisite details. Choose mode of payment and generate challan as it will be needed at the time of execution of deed.