Guide for Mau Residential Real Estate Investment
Mau is a small district located in Uttar Pradesh, separated from the Azamgarh district in 1988. Being one of the oldest areas, Mau often attracts the attention of history lovers with its extraordinary archaeological remains. Moreover, it is one of the few remaining handloom saree production areas in UP.
Mau has started growing as a residential area with its various local facilities and infrastructure. According to the research of the 2011 Census, Mau has a population of approximately 2,620,000. The Mau Junction railway station offers great connectivity to this town across UP and other parts of India.
Read along to get a better understanding of Mau’s residential real estate sector, and the right investment strategies to benefit.
Top Reasons to Invest in Residential Real Estate in Mau
If you are wondering about the benefits of Mau’s residential real estate sector, here are the top reasons you should consider investing in it.
- Industrial Area
Mau is developing as an industrial hub. Primarily, it is known for its handloom industry. Cotton, wool and silk textiles are also popular here. Moreover, there are multiple industries in the fields of agricultural products, ready-made garments, paper and chemical-based products, etc. This makes it a commercial hub, which allows residents to find employment easily.
- Transport & Connectivity
Mau Junction is a junction station, which falls on the Allahabad-Mau-Gorakhpur main line. It largely adds to the connectivity of this city, as it travels to different parts of India including Mumbai, Surat, Ahmedabad, Pune, Kolkata, New Delhi, etc. Moreover, UPSRTC buses also connect to different parts of UP.
- Local Amenities
Mau offers a wide range of local amenities. Nearby educational institutes include Kids Kingdom Senior Secondary School, Prabha Public Convent School, AryaBalika Inter College, BalakBalika Inter College, etc. Hospitals like Anjali Hospital and Ashish Nursing Home are nearby, which offer great healthcare assistance. Bojhi Bazaar is one of the biggest marketplaces here.
Residential Real Estate Investment Opportunities in Mau
If you are wondering about the right investment opportunities in Mau’s residential real estate sector, here are some of the popular residential areas here.
It is a popular residential area in Mau. SahadatpuraMaunathBhanjan is the nearest post office. Amrit Public School, GyanBharati School, and DCS Khandelwal Postgraduate College are the nearby educational institutes here. You can find residential plots starting from only ₹ 46 lakhs in this region.
It is again a common residential area in Mau. People often prefer residing here because of its connections to the nearby villages and districts of UP. Nearby education centres include SM Academy, GM Convent School, Sarvodaya P.G. College, etc. GhosiTahashilAwadh Hospital offers healthcare assistance.
It is a small block in Mau, which comes under the Azamgarh Division. Many educational institutes are located nearby, such as UPS Sarwan, MRD Sunrise School, Primary School Mahlipur, etc. Mardah Bus Stand is the primary stop for getting buses across the area, and healthcare assistance comes from Veterinary Hospital Tajopur. You can find residential plots for about ₹ 30 lakhs here.
Things to Consider Before Investing in a Residential Property in Mau
While Mau seems ideal for a residential real estate investment, here are a few factors you must keep in mind to avoid making losses.
- Local Environment
Some areas of Mau are still developing, and might not offer good amenities as the other parts. These are the rural areas, particularly around the forest. Purchasing a residential property in such areas can be challenging, as they are not in close proximity to hospitals, schools or colleges. Thus, avoid such areas when investing in residential real estate properties.
It is always necessary to consider the safety and security of residing in a new region. While Mau has good police protection, some areas around the forest often face a lack of proper supervision. Thus, make sure that your property is located in a safe area. It should have security staff and working CCTV cameras.
- RERA Registration
The Indian government came up with the Real Estate Regulatory Authority (RERA) as a platform for maintaining sales of real estate properties. It ensures that the transactions between buyers and sellers are transparent and legal. You must check the website of UP RERA to ensure that your chosen property is registered here.
Stamp Duty in Mau
It will help to know the stamp duty charges when investing in the residential real estate properties of Mau. The following table lists the stamp duty based on gender and ownership.
|Joint ownership of two male owners||7%|
|Joint ownership of two female owners||6%|
|Joint ownership of a male and a female owner||6.5%|
Furthermore, the stamp duty charges based on a different document in Mau are listed below.
|Document Types||Stamp Duty|
|Power of attorney||₹ 10-₹ 100|
|Gift deed||₹ 60-₹ 125|
|Adoption deed||₹ 100|
|Special power of attorney||₹ 100|
|Lease deed||₹ 200|
Registration Charges in Mau
While purchasing a residential property, it is mandatory to pay registration charges in Mau. These charges are listed below.
|Joint ownership of two male owners||1%|
|Joint ownership of two female owners||1%|
|Joint ownership of a male and a female owner||1%|
MauResidential Real Estate Sector-What’s the Forecast?
Uttar Pradesh is observing rapid growth in the field of real estate. For instance, UP RERA reported a record of 125 registrations for new projects in 2022, which is a 25% growth from the previous year. This is evident from the goal of the state government to achieve an economy of about $ 1 trillion from real estate transactions.
Various upcoming projects are in line in Mau, including RatanHousing Developments, SarsApsara Apartments, Eldeco Garden Estate, etc. The price of real estate is also affordable here. In Lucknow, the price usually starts from ₹ 166 and can rise to ₹ 25,000 per sq. ft. It is likely to grow in the future because of its proximity to industries and excellent transport facilities.
Residential Real Estate Vs. Other Asset Classes
Some people might wonder how residential real estate properties can be a good investment option. Here is a comparison between different asset classes to help you make an informed decision.
- Residential Real Estate vs Gold
Gold is a popular metal in India with a growing value. It is good for both long-term and short-term investment. The required investment amount is much lower compared to residential real estate properties. Moreover, it is also easier to liquidate gold. However, the returns are always higher in residential real estate properties.
- Residential Real Estate vs Mutual Funds & Stocks
Mutual funds are popular among investors for generating high returns. Compared to real estate, stocks require a lower quantum of investment, while generating good ROI. However, stocks are usually volatile and can change according to market fluctuations. This increases investment risks compared to real estate investment.
- Residential Real Estate vs Commercial Real Estate
Commercial real estate properties are used for running a business and generating profitability. Naturally, such properties generate better returns than residential properties. The only problem is the challenge of finding suitable tenants for such properties. Moreover, residential properties offer better tax benefits.
- Residential Real Estate vs Bonds
Bonds are also popular investment instruments, which are known for generating a fixed ROI. Unlike stocks, bonds are not completely volatile. Its returns do not fluctuate according to market changes. If you do not wish to take major risks of investment, bonds can be a good option for you.
Browse our home page if you wish to invest in bonds with stable returns. Here, you will find top-rated bonds and can register without any additional charges.
The following table will give you a better account of the comparison between different asset classes.
|Parameters||Commercial Real Estate||Stocks & Mutual Funds||Gold||Residential Real Estate||Bonds|
Steps to Invest in Residential Real Estate in Mau
Here are a few steps you should follow if you wish to invest in the residential real estate properties of Mau.
Step 1: Plan the location and facilities you need for your property. Decide a budget.
Step 2: Start looking for apartments in the concerned area. Shortlist some of them that are meeting your requirements.
Step 3: Visit the locations and inspect the buildings. Consult the neighbours and professional brokers to generate feedback.
Step 4: Make your final choice. Consult a lawyer and meet the seller for completing the formalities.
Step 5: Assess all the documents. Make the final payment including stamp duty and registration charges.
Step 6: Purchase an insurance policy for your property.
Hopefully, that gives you a detailed account of residential real estate investment in Mau, Uttar Pradesh. It is a growing city with residential opportunities. Filled with industries and effective transport facilities, Mau has a bright future for residential real estate. It also offers affordable pricing for real estate.
Frequently Asked Questions
What are some good residential areas in Mau?
Sahadatpura, Ghosi and Pardaha are some of the good residential areas in Mau, UP. They offer good prices and facilities.
What is the price of real estate in Mau?
The price of real estate properties is affordable across Lucknow in UP. Currently, it ranges between ₹ 166 and ₹ 25,000 per sq. ft.
What are the documents necessary for purchasing real estate properties?
Some of the most important documents needed during real estate transactions include allotment letters, sale agreements, payment receipts, sale deeds, building plans, completion certificates, etc.
Is purchasing real estate properties beneficial in UP?
UP is developing as a major commercial hub. With its growing connectivity and transport facilities, it is evolving as a convenient place for the residents to stay. In future, the price of its real estate is likely to grow, which will be beneficial for investors.