Guide for Phusro Residential Real Estate Investment

Phusro is a small city, situated in Jharkhand, about 35 kilometres away from Bokaro Still City, the district headquarters. The Phusro railway station connects it to some of the important cities Kolkata, Jabalpur, Bhopal, Ajmer, Ujjain, and Patna via train. Also, this city has several top tourist attractions that entertain visitors to this city

You can get plenty of residential real estate investment opportunities in Phusro. However, before proceeding with the purchase of a residential property in this city, you ideally need to consider several vital pointers to maximise your profits on investment. 

Keep reading to know some of the top reasons for investing in real estate in Phusro.

Top Reasons to Invest in Residential Real Estate in Phusro

Below are some vital reasons for investing in residential real estate property in Phusro:

• Best Healthcare Facilities

There are several top hospitals in this area such as Refral Hospital, D M I Hospital, Kasturi Mukherji Gynecology Hospital, Central Hospital Dhori, and so on. Here you can get the best doctors and advanced technologies for proper treatment. This ensures that you can rush to these hospitals at any hour during emergencies. 

• Top Education Institutions

You can get several top schools and colleges in this area offering quality education. As a result, children from this location do not need to leave their families to pursue higher studies. Some of the best schools here are Bharat Singh Public School, Ram Ratan High School, Saraswati Shishu Vidya Mandir Dhori, Gyan Darpan Public School, and so on. In addition to this, you can also get Nri Group Of Institutions Jhabbu Singh Memorial College, where your kids can get admission to higher education.

• Several Top-quality Restaurants

This city has several cafes and restaurants where you can visit with your family and friends to spend some quality time. Some of the best eateries here include Royal Plaza Restaurant, Makhan Bhog, Baba Restaurant, Kolkata Biryani, Samrat Hotel, Khushi Family Restaurant, Bajrang Hotel, and so on.

Investment Opportunities in Residential Real Estate in Phusro

Some of the lucrative residential areas for your real estate investment in Phusro can be as follows:

• Chas: This area is located right beside the NH 18 making it easier for the inhabitants to commute to other parts of the state. There are also Asha ITI College and Chas Police station in this location. Furthermore, the local market is present nearby, making it easier for you to get all the daily necessities at walking distance from your location. 
• Siwandih: This area lies right beside NH 320, which makes travelling from this location comparatively easier. Moreover, you can travel on boats to nearby locations through the waterways in the Ganges river. This saves a lot on the travelling costs and also increases your extra option for transportation. Moreover, the local market is nearby from where you can get all the daily essentials to meet your requirements.

Things to Consider Before Investing in a Residential Property in Phusro

Following are some of the crucial things that you should consider before investing in a residential property in Phusro:

• Availability of Basic Amenities

This is one of the primary things that you should ensure during your on-site visit. You must check if all the necessary items are available within walking distance from the location of your property. Also, it is highly essential that you check other amenities like transportation, education, electricity, water supply, etc.

• RERA Authentication

The Government introduces the Real Estate (Regulation and Development) Act 2016 to minimise property-related fraud. As per this Act, every state needs to establish a RERA portal. Potential home buyers of Phusro can leverage the RERA portal of Jharkhand to get all the necessary information about their chosen property. This helps them to verify the authenticity of their property so that they can stay protected from fraudsters.

• Connectivity of the Area

While purchasing a residential property, you should ensure that there are multiple means of transport that you can use to travel to schools, colleges, markets, and other desired destinations. You can talk to the locals and ask them about the nearest railway stations and bus stops.

• Safety of the Locality

During your onsite visits, you can also enquire to the locals about the overall security of the locality. This is a crucial point as you can make sure to live worry-free once you shift there. Otherwise, there can be chances of encountering criminal activities after shifting there. It can disrupt the peace, compelling you to move to some other location.

• Cleanliness of the Neighbourhood

You can check if the area where you are planning to shift is hygienic or not. This is crucial because if there is garbage and stagnant water all around, it can lead to an adverse effect on your health. Also, you and your family members can be at risk of frequently falling sick and developing serious health conditions on staying there for long.

Stamp Duty in Phusro

The stamp duty charges that you will need to pay for property purchase in Phusro are as follows:

Registration Charges in Phusro

You will have to pay a certain amount of registration charge while investing in residential real estate in Phusro, as mentioned below: 

Phusro Residential Real Estate Sector – What’s the Forecast?

The Government is planning to roll out about 67 buses in the city to improvise the inter-state bus services. Thus, it can significantly accelerate roadway communication and increase the number of modes of transportation for the locals. With the enhancement in transportation facilities, you can see a substantial increase in the price of your property.

Furthermore, at Phusro, the markets are within walking distance so that you can save on time as well as transportation costs. Also, the presence of several schools, hospitals, and industries nearby can prove to be immensely beneficial. In fact, if you decide to sell your property, you can highlight these pointers to ensure a maximum appraisal of your property valuation. 

Residential Real Estate vs Other Asset Classes

Here are some crucial differences between residential real estate and other common asset classes:

• Residential Real Estate vs Gold

Residential real estate is an excellent choice for investment over the long term as the real estate price increases at a more or less stable rate. You can even get rental income in the short term. However, when it comes to liquidity, gold can be your chosen investment instrument. This is because you can easily sell it off at any point in time. Alongside this, Investing in real estate can provide you with higher returns over the long term compared to gold.

• Residential Real Estate vs Commercial Real Estate

Investing your money in commercial properties can provide you with higher returns compared to residential properties. However, it can become challenging to sell off the property to potential buyers. Also, finding tenants for commercial real estate is a difficult task. However, for residential properties, you can easily get tenants and buyers. Also, you have the provision of claiming tax benefits in case you purchase it by leveraging a home loan.

• Residential Real Estate vs Stocks and Mutual Funds

Mutual funds and stocks can provide you with high returns over both short-term and long-term. However, they are highly volatile which increases the chances of incurring huge losses as well. So, it is essential to conduct thorough research and invest wisely to stay away from losses. However, if you have a lower risk appetite, you can invest in residential real estate property for generous returns.

• Residential Real Estate vs Bonds

Apart from residential real estate investments, you also have the option to park your money in bonds to generate a stable income. You can also make an estimation of the returns that you can get from bond investments if you stay invested till the maturity period. Although residential real estate investments have a higher earning potential, bonds are a little more liquid in nature. 

The table given below compares the above asset classes based on their liquidity, volatility, risks and ticket price.

Explore our website to find low-risk bonds which can help you earn stable returns. You can easily invest in bonds with us with no additional or hidden charges. So, register yourself today!

Steps to Invest in Residential Real Estate in Phusro

You can follow the steps below to invest in residential real estate property in Phusro:

Step 1: Finalise the budget for investment in residential real estate properties.

Step 2: Conduct thorough offline and online research to shortlist some properties according to your preferences.

Step 3: After this go for onsite research to know about the locality and amenities that are available there. 

Step 4: Consult with a real estate expert to get a clear idea about the earning potential of a property in that location.

Step 5: Log in to the RERA portal to check the authenticity of the property.

Step 6: Calculate the total amount that you will have to pay for purchasing the property.

Step 7: Finalise the deal if you are satisfied with the locality and cost of the property and pay the price to your seller.

Step 8: Pay the stamp duty and property registration charges for transferring the property to your name. Additionally, pay off the charges of a broker as decided.

Step 9: Keep the essential documents like Property Assessment Extract, Encumbrance Certificate, Title Deed, etc., ready for the property registration.

Step 10: Once done, purchase an insurance policy to provide coverage against any unforeseen circumstances.

Final Words

Residential real estate investment lets you enjoy stable returns at lower risks of volatility. You can also easily sell it compared to commercial property. In this regard, investing in the residential estates of Phusro can significantly increase your earning opportunities. You can also arrange for tenants easily due to the availability of numerous colleges and employment opportunities in the locality. This can help you earn extra and save more every month. 

Frequently Asked Questions

1. What are the employment opportunities in Phusro?

There are several industries in Phusro that offer numerous employment opportunities. These include Amar Parmila Infra Networks Private Limited, Ajay Transport Company, Siddhivinayak Bitumen Enterprise Private Limited, Pawani Minerals & Metal Company, and so on. So, if you are looking for a job change, you can get plenty of opportunities here.

2. What documents are needed for property registration in Phusro?

The documents required for property registration in Phusro are KYC papers of buyers and sellers, an assessment slip containing the market value of a property, a payment slip of stamp duty and registration fees, proof of property transfer, and so on.

3. What are the nearby police stations in Phusro?

Some of the nearby police stations in Phusro include Bandhdih Police Station, Gomia Police Station, Dugdha Police station, etc. You can instantly approach them or lodge a complaint during any mishap.

4. What documents will you receive after the completion of property registration?

After transferring the property in your name you will some crucial documents like a copy of the sale deed, completion certificate, possession letter, building plan, encumbrance certificate, mutation register extract, allotment letter, no-objection certificates (NOC), general power of attorney, property tax receipts, payment receipts, and so on.