Guide for Rajpur Sonarpur Commercial Real Estate Investment

Rajpur Sonarpur is a municipal area and city in West Bengal’s South 24 Parganas district. Though Rajpur and Sonarpur are two different towns, they are considered twin towns since they have a common municipality. This area falls under the KMDA (Kolkata Metropolitan Development Authority). Moreover, this twin town is a part of the Kolkata Urban Agglomeration.

Being located on the State Highway, this area is well-connected to other parts of the city. Apart from that, it has excellent connectivity through the Kolkata Suburban Railway system. Daily trains from Sonarpur to Sealdah facilitate easy accessibility for several commuters. Read further to know about the ins and outs of commercial real estate investment in Rajpur Sonarpur.

Top Reasons to Invest in Rajpur Sonarpur’s Commercial Real Estate

Know the best reasons to consider Rajpur Sonarpur as an appropriate place for commercial real estate investment:

• Connectivity

Rajpur Sonarpur is connected to other corners of the city through EM Bypass, Garia Station Road, Sonarpur Station Road, and Garia Main Road. Apart from that it has metro connectivity and is close to Kavi Subhash and Shahid Khudiram Metro Stations. Major railway stations like Narendrapur, Sonarpur, and Baruipur also contribute to its connectivity. 

• Rapid Urbanisation

Being part of a developed metropolitan city, Rajpur Sonarpur is experiencing steady growth in terms of infrastructure and economy. Moreover, this area has several open spaces that offer a perfect opportunity for large-scale industrialisation. The development of IT hubs, commercial organisations, and other amenities near Rajpur Sonarpur makes this area a perfect place for commercial real estate investments.

Commercial Real Estate Investment Opportunities in Rajpur Sonarpur

Check out the top areas in Rajpur Sonarpur where you can invest in commercial real estate properties:

• Narendrapur

Mostly known for its famous Ramakrishna Mission Vishwavidyalaya, Narendrapur is a flourishing locality in Rajpur Sonarpur municipal area. Its connectivity through important roads and commercial development has enhanced possibilities for commercial real estate investments in Narendrapur. The average commercial property price in Narendrapur ranges from ₹3,000 to ₹5,000 per square foot. 

• Harinavi

Harinavi is located on the State Highway and establishes excellent connectivity and opportunities for business growth. Close to Subhasgram Railway Station, this area houses multiple offices and industries to empower commercial real estate investments. 

• Kamalgazi

Located near EM Bypass and NH-12, Kamalgazi has emerged as one of the prominent locations for real estate investments. It houses commercial properties of renowned builders like the Vinayak Group. Easy accessibility, modern amenities, recreational hubs, etc., makes Kamalgazi a promising commercial area. The average price of commercial properties in Kamalgazi ranges between ₹748 and ₹1562 per square foot.

Things to Consider Before Buying a Commercial Property in Rajpur Sonarpur

Considering the following factors before investing in Rajpur Sonarpur’s commercial real estate properties can help you make better decisions:

• RERA Authentication

Before investing in a commercial property in Rajpur Sonarpur, you must visit the official RERA portal of West Bengal to check its authenticity. It will help you find all the information regarding the builder’s reputation, project insights, etc. 

The Residential Real Estate Authority Act 2016 mandated that every property in India must be listed on the respective state’s RERA portal. All property brokers and developers must follow this regulation to enhance the transparency of property deals.

• Location

Rajpur Sonarpur is 5 minutes away from the Eastern Metropolitan Bypass (EM Bypass) via Bongaon-Kulpi Road. The location of this area plays a major role in its development as a commercial property. EM Bypass connects this area to the major IT and industrial hubs of Kolkata. Renowned builders like Srijan, Vinayak, etc., have their commercial projects in Rajpur Sonarpur. Moreover, it houses renowned shopping malls, educational hubs, and other amenities. 

Stamp Duty in Rajpur Sonarpur, West Bengal

Commercial real estate investments also include stamp duty and registration charges. So, property buyers must know the mentioned charges before approaching.

Take a look at the stamp duty in West Bengal:

Registration Charges in Rajpur Sonarpur, West Bengal

Property registration charges in West Bengal are as follows:

Rajpur Sonarpur Commercial Real Estate Sector: What’s the Forecast?

Rajpur Sonarpur is an emerging metropolitan area with multiple amenities and facilities. From industries to restaurants, there are multiple investment opportunities in this area. Excellent transportation system via buses, autos, trains, metro rails, private cars, etc., has enhanced chances of profitable investment in Rajpur Sonarpur. 

Commercial Real Estate vs Other Asset Classes 

Take a look at the following comparison between commercial real estate and other major asset classes:

Commercial Real Estate vs Residential Real Estate

Residential properties offer tax benefits to the investor. However, commercial properties have higher rental prospects and provide higher returns than residential properties. With longer rent tenures and higher rent, commercial real estate properties offer an optimal return in the long run.

Commercial Real Estate vs Bonds 

Both commercial real estate and bonds offer stable income at lower risks and are great sources of passive income. However, selling or renting a commercial property is much more challenging compared to bond investments. Moreover, finding a suitable buyer, collecting lease payments, higher transaction costs, etc., can be quite tricky. 

You can invest in bonds for a reliable and stable source of income by registering on our platform. Start your investment journey without paying any additional costs or hidden charges. 

Commercial Real Estate vs Stocks & Mutual Funds

Stocks and mutual fund investments can be great sources of earning higher returns. However, being subject to market volatility, they involve higher risks. On the other hand, the commercial real estate market is not exposed to higher market fluctuations and offers a stable return in the long run.

Commercial Real Estate vs Gold

Gold is a safer investment option, considering its liquidity and low volatility but commercial real estate investments can yield you higher returns. Though the price of gold is rising gradually, it has a lower ROI as compared to commercial real estate investments.

The table below compares the mentioned asset classes based on their liquidity, risks, returns, volatility, and so on:

Steps to Invest in Commercial Real Estate in Rajpur Sonarpur

The steps to buying commercial real estate in Rajpur Sonarpur goes as follows:

Step 1: Decide a budget as per your capacity to invest in commercial real estate properties in Rajpur Sonarpur.

Step 2: Conduct thorough research on the available commercial real estate properties and shortlist some of them. 

Step 3: Visit the locations or take the help of real estate agents to enquire about the prospects and ROI possibilities of the location.

Step 4: Finalise a property after a detailed investigation. 

Step 5: Arrange the required documents and pay for the property. Make sure to pay the stamp duty, registration fees, brokerage charges, and other charges if applicable.

Step 6: Get your property insured against unforeseen mishaps.

Final Words 

With its developing infrastructure and industrial opportunities, Rajpur Sonarpur offers immense possibilities for commercial real estate investments. If you are looking for a worthwhile investment in commercial properties, this area can serve as one of the best options.

Frequently Asked Questions