Guide for Hisar Residential Real Estate Investment

Hisar is a small city located in the Hisar district of Haryana. About 161.2 km, this city is developing as a major residential area. As per a report by Census 2011, Hisar has a population of 422,000 as of 2023. With a continental climate, this city has successfully maintained a clean and affordable environment for residents. 

The large steel industry is a highlight contributing to the economic development of the city. It is also popular in the textile and automobile industries. This makes it a suitable place for employment and business. Various new residential projects are in line, which is expected to enhance its popularity among people looking to settle here.

Read along to find out more about the current residential real estate sector of Hisar. 

Top Reasons to Invest in Residential Real Estate in Hisar

Here are the top three reasons for investing in the residential real estate of Hisar. 

Transportation 

Hisar has great connectivity across Haryana and Delhi with National Highways like 9 and 52, and State Highways like 10, 13 and 20. The bus services are super convenient and usually start from Hisar Highroad. Apart from that, Hisar has a railway junction station, which connects with the neighbouring states. Hisar Airport is located on the outskirts of the city. 

Affordability 

Haryana has a high affordability index, which makes it easier to afford housing and residential real estate properties. You can even find 5 BHK farmhouses and properties between ₹ 15 lakhs and ₹ 65 lakhs only. Moreover, the cost of living in this area is also low. For a single resident, the cost of living is approximately ₹ 25,000 for a month. 

Facilities 

Hisar is surrounded by multiple schools and colleges, including Guru Jambheshwar University of Science and Technology, Dayanand College, and Bhavan Vidyalaya. You will also find impressive healthcare facilities like Jindal Hospital and Sarvodaya Hospital. The police stations and legal facilities are also sound here.

Investment Opportunities in Residential Real Estate in Hisar

If you are planning to invest in residential real estate properties in Hisar, it will be beneficial to find out the best places for such properties. Here are a few locations perfect for residential real estate investment. 

New Mastnath Colony

Located in Hisar Cantonment, New Mastnath Colony offers some great residential real estate investment opportunities. The clean neighbourhood and close proximity to Delhi make it suitable for residence. The cost of general 1 BHK apartments in this area starts from ₹ 30 lakhs or even lower. 

Dhingtana Village House 

It is located in Hisar tehsil and handles the gram panchayat. Even though it is in the village side of Hisar, it is rapidly urbanising. You can even find 4 BHK properties for only ₹ 20 lakhs here. Moreover, it has good connectivity with different parts of Hisar. Schools and colleges are also closely connected. 

Railway Road 

This area of Hisar offers comparatively more expensive residential real estate properties. The cost of the majority of the properties here starts from ₹ 1 crore to ₹ 2.5 crore. B D Modal Senior Secondary School, SM Little Angel School, City Office Arya College, etc., are located in the surrounding area. It is also well-connected to trains and buses. 

Things to Consider Before Investing in a Residential Property in Hisar

Here are some points you should consider while investing in residential real estate properties in Hisar.

• Clean Neighbourhood

Haryana has faced a backlash for its unstable political condition, resulting in troubled neighbourhoods. While Hisar does not have the issue, it is essential to stay cautious. Before purchasing a real estate property, make sure to examine its neighbourhood carefully, and generate the opinions of the neighbours regarding any troubles in the past. 

• Location & Transport 

Some areas of Hisar are still under development, as it is still a rural area. Therefore, you need to choose an urbanised area based on your requirements. Moreover, you need to research to ensure that the area has good connectivity with the rest of Haryana, and offers effective transport facilities. 

• RERA Authentication

The Indian Government passed a bill for the Real Estate Regulatory Authority (RERA) for increasing transparency between the sellers and buyers of real estate properties. It is a statutory body that maintains all the legal properties of an area. Make sure to visit RERA Haryana to check whether your chosen property is registered here. 

Stamp Duty in Hisar

It is important to know the stamp duty charges of an area if you are planning to buy real estate properties here. Here are the area-based stamp duty charges in Hisar, Haryana.

Based on different property deeds, the stamp duty charges of Haryana are listed below. 

Registration Charges in Hisar

Usually, the registration charge is about 1% of the price of the property. However, Haryana sometimes charges a flat rate based on the price of the property. This is listed below.

Here is a way to calculate the registration charge in Haryana 

Hisar Residential Real Estate Sector-What’s the Forecast?

The real estate sector of Haryana is growing rapidly, along with urbanisation. So far, the government has invested nearly ₹ 383.11 crores for improving housing residential properties across the state, which adds 104% to the previous budget amount. The development of 300 km of new roads and the improvement of the existing ones have also added to its appeal. 

Hisar, in Haryana, is evolving as a leading name for the best residential areas. various new residential real estate projects are due on the lands of Hisar, including Aarcity Regency Park and Rajdarbar Spaces. Moreover, with the affordable living cost, the residential real estate of this area is likely to succeed. 

Residential Real Estate Vs. Other Asset Classes

People often wonder if investing in real estate properties will be worth it based on the returns. For a better decision, let us compare residential real estate properties with other assets to find out their worth.

• Residential Real Estate vs. Gold

Gold has been a popular asset in India for a long time. People prefer investing as its value is increasing regularly. Moreover, it can be used as jewellery. It is easier to liquidate compared to real estate properties. However, the amount of returns is much lower, which reduces the profitability of investing in gold over residential real estate properties. 

• Residential Real Estate vs. Commercial Real Estate

Commercial real estate properties, as the name suggests, refer to such properties used for commercial purposes. These usually yield better returns, as organisations are more likely to use these than separate individuals. However, that being said, it is not easy to find tenants for such properties. Findings tenants are easier for residential real estate properties. 

• Residential Real Estate vs. Stocks & Mutual Funds

Stocks and mutual funds have also been popular investment options for impressive returns. The only problem is the risks associated with these because they are volatile. The returns can fluctuate based on the changing economic conditions. Investing in a real estate property is therefore much safer, and has limited risks. 

• Residential Real Estate vs. Bonds

Bonds are also popular investment opportunities for most people. These are not volatile and hardly change with the fluctuating environment. As a result, the risks of an investment in these become lower, while the ROI is also low. Comparatively, residential real estate properties guarantee higher returns. 

Planning to invest in bonds? Check out our website for some high-rated bonds. 

Here is a list comparing the returns, risks, ticket prices and volatility of different kinds of assets to compare.

Steps to Invest in Residential Real Estate in Hisar

Here are the steps you can follow while investing in residential real estate properties in Hisar. 

Step 1: Conduct market research on Hisar’s residential real estate sector. Fix a budget and decide the other requirements for an ideal property. 

Step 2: Compare the prices and amenities of different properties in a selected location. Shortlist some of them. 

Step 3: Visit the shortlisted locations and places. Check the apartments, their conditions and neighbourhoods closely. 

Step 4: Make your choice based on the price and facilities. Consult local brokers to do a background check. 

Step 5: Assess all the documents. Consult a lawyer to complete all the legal steps and procedures before making the payment. 

Step 6: Get an insurance policy for your new residential property. 

Final Word

That was all about the residential real estate sector of Hisar, Haryana. As pointed out, the real estate sector is growing largely here, as the country is accommodating more urbanisation. The transport systems and low living costs have also made it popular among buyers. Hence, Hisar can be a good option if you wish to invest in residential real estate. 

Frequently Asked Questions