Guide for Shrirampur Commercial Real Estate Investment

9 min read • Updated 11 May 2023
Written by Anshul Gupta

Shrirampur is an important city in the district of Ahmednagar in the state of Maharashtra, India. With its cosmopolitan societies, various religious people and linguistic communities, the city is rich in culture. It is one of the strong-growing cities in western India. Shrirampur has enough growth potential and is attracting various industries and businesses.

The city has the Mula Pravara Electric Co-operative Society Limited (MPECSL) which used to distribute electricity in 183 villages in the Ahmednagar district. This was one of the five Indian pilot cooperative societies.

Furthermore, the city has several efficient transport options. Despite many industrial growths and fast-moving lifestyles, Shrirampur has still managed to retain its traditional essence. With flourishing agro-based industries, commercial real estate experts from across the country are eyeing this place for the past few decades.

Therefore, Shrirampur will be a great place to invest if you are interested in commercial real estate. Continue reading to know about the commercial real estate investment options in this city.

Top Reasons to Invest in Shrirampur Real Estate 

Detailed below are the top reasons to invest in commercial real estate in Shrirampur: 

  • Upcoming Commercial Hub 

Shrirampur is known for the production of sugarcane. There are many sugarcane farms and numerous sugar processing factories placed around the city. It has also gained the name ‘Sugar City of Maharashtra” as it was among the first few cities of India where the British rulers first established sugar plantations.

Shrirampur is connected with the rest of the state with two major state highways, the MH SH 44 and MH SH 47. The easy transportation and huge industry options, Shrirampur is getting a huge boost to its economic prosperity.

  • Transport and Connectivity

Shrirampur is connected to most major cities in India by vast roadways. Many state highways connect this city to different major cities in Maharashtra including Nandur, Belapur, Nimgaon and Wadala.

The nearest railway station to Shrirampur is the Belapur railway station. Although it is named Belapur, it is located inside this city of Shrirampur. It is located only 37 km away from Sainagar Shirdi railway station. This is one of the major stations in Maharashtra as a huge number of devotees come to this station while going to Shirdi. The nearest domestic airports are Aurangabad airport and Pune Lohegaon airport. The nearest international airport is Chatrapati Shivaji Airport in Mumbai.

Commercial Real Estate Investment Opportunities in Shrirampur

You can consider investing in commercial real estate in Shrirampur in the following areas: 

  • Sai Super Market 

You can consider investing in ready-to-move commercial spaces in Sai Super Market in Shrirampur. The price is approximately ₹9,200 per square foot. An important benefit of this commercial property is that it has private parking in the basement, public parking and private parking outside the building. There is 1 meeting room, 1 cabin and 3 shared washrooms. 

  • Iyan Nagar

Iyan Nagar is another major commercial area in Shrirampur where you can invest in commercial real estate. This area has excellent transportation facilities. It is quite near to Belapur railway station, which is an added advantage. Basic facilities like healthcare and banking are available here. Prices start from ₹10,000. 

Things to Consider Before Investing in a Commercial Property in Shrirampur

Given below are some of the important factors that you should keep in mind while investing in commercial real estate property in Shrirampur: 

  • Location 

The location of a commercial property is the first factor that you should consider while investing. Therefore, go for a property that is located near banks, educational and medical institutions and important industrial areas.

Also, make sure to check if this area has easy access to transportation services since it is the most required for commercial enterprises. It will affect the rental prospects of your commercial property.

  • RERA Authenticity

As per the Real Estate Regulatory Authority Act, 2016, every Indian state has a RERA portal where developers/builders must register the details of their properties. RERA is responsible for the regulation of the real estate market and it was introduced to usher in transparency in the real estate sector. 

To check the authenticity of a real estate project, check whether it is registered in the state’s RERA portal or not. 

Stamp Duty in Shrirampur, Nashik

Shrirampur comes under the Nashik division in Maharashtra. Given in this table below are the stamp duty rates for commercial property in Shrirampur: 

GenderStamp duty rates from April 2022
Male6% (Stamp duty 4% + Local Body Tax (LBT) 1% + 1% metro cess)
Female6% (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 Fees in Shrirampur, Nashik

Registration fees in Shrirampur are given below:

GenderRegistration charges
Male1% of the property value
Female1% of the property value.
Joint (Male + Female)1% of the property value.
Joint (Male + Male)1% of the property value
Joint (Female + Female)1% of the property value.

Shrirampur Commercial Real Estate Sector: What’s the Forecast?

The Government of India and the State Government of Maharashtra are making tremendous efforts to develop the economic infrastructure of Shrirampur. According to experts, infrastructural development will attract more real estate investors to Shrirampur. 

The State Government of Maharashtra has focused on the development of transportation and infrastructure and has allocated funds to expand facilities in the Ahmednagar district. Integrated Traffic Management System will be developed along Ahmednagar and Pune highways. 

The Government will also facilitate cooperative development for goat and sheep farming in Ahmednagar. Maharashtra Sheep and Goat Cooperative Development Corporation will offer interest-free loans of ₹10,000 crore to backward communities for raising cattle and sheep. 

As a result, people from neighbouring areas are expected to arrive and settle in Shrirampur in large numbers. This will automatically raise demand for more commercial spaces and so commercial real estate investments have bright prospects in Shrirampur. 

Commercial Real Estate vs Other Asset Classes

Here is a comparison between commercial real estate and other asset classes in terms of the advantages and disadvantages of investing in them:

  • Commercial Real Estate vs Stocks and Mutual Funds

Mutual funds and stocks can give you better and higher returns than commercial real estate. However, the mutual fund market is highly volatile and can fluctuate rapidly according to market movements. Therefore, investing in commercial real estate is a much safer option.

  • Commercial Real Estate vs Gold

Commercial real estate can get you higher returns than gold investment. However, gold has higher liquidity than commercial properties. Thus, it is advisable to invest in commercial real estate in the long term.

  • Commercial Real Estate vs Residential Real Estate

Commercial real estate holds the potential of generating more returns than residential real estate as it has higher rental prospects. Furthermore, demand for residential properties is much less than commercial properties. 

  • Commercial Real Estate vs Bonds

Both commercial real estate and bonds are stable sources of passive income. However, if you have invested in bonds then you have a lower credit risk than commercial real estate. The profits from commercial real estate mostly depend on time-to-time lease payments. Moreover, bonds offer higher liquidity than any commercial real estate property.

Are you interested in investing in bonds? Then register on our platform and invest in top-rated bonds in the market at no additional costs or hidden charges.

Here’s a table to compare the different asset classes based on various parameters such as liquidity, risk, returns, volatility and ticket price: 

ParametersCommercial Real EstateStocks and Mutual FundsGoldResidential Real estateBonds
Returns High High Moderate ModerateModerate
Liquidity LowHighHigh LowModerate
Risk LowHighLowLowModerate
Volatility LowHigh Low LowLow
Ticket priceHigh Varies Low High Varies 

Steps to Invest in Commercial Real Estate in Shrirampur

The steps to invest in commercial real estate in Shrirampur are given below. Make sure to follow the steps thoroughly for a hassle-free investment.

Step 1: Fix your budget first. Fixing a budget before investing will help you to plan everything accordingly. It will also prevent you from overspending on anything.

Step 2: Select the best location best suited to your investment goals. Consult industry experts and local real estate dealers to know what are the advantages of the place you are selecting.

Step 3: Check the available amenities in the area. It will be a big help if the place has hospitals, tourist destinations and banking services nearby. 

Step 4: After finalising a property check if the property is listed in the RERA portal. It will help you from getting into any sort of fraudulence.

Step 5: Make sure to clear all types of charges related to a commercial property like stamp duty charges and registration charges. Convert the property to your name after paying all the necessary charges.

Step 6: After buying the property, make sure to avail a suitable insurance policy to avoid any unnecessary hassles.

Final Word

Shrirampur is one of the important cities in the state of Maharashtra, India. Currently, the city is undergoing various developmental activities to get further connected to the rest of India. As per real estate industry experts, Shrirampur will be developed enough within the next few years. So, if you are thinking about investing in a commercial property in Shrirampur then we hope that the above-mentioned factors can help you out.

Frequently Asked Questions

What is stamp duty?

Stamp duty is a legal tax that a buyer needs to pay to the state government while purchasing a real estate property. This is imposed by the state government under Section 3 of the Indian Stamp Act, 1899. Therefore, it is necessary to pay stamp duty to become a legal owner of a real estate property.

What is a sale deed?

A sale deed is the most important document of ownership transfer. It is a legal record of the transfer of a purchased property from the seller or builder to a buyer of this property.

What is the most important industry of the city of Shrirampur, Ahmednagar?

Sugarcane is the most important agricultural product in the city of Shrirampur. The city is suitable for agro-based industries because of its fertile soil. 

Is Shrirampur, Ahmednagar worth investing in?

Commercial properties are growing day by day in Shrirampur due to the various projects announced by the State Government. Due to its infrastructural expansion, industrial growth, tourism and affordability, the place is undergoing a massive transformation.

Was this helpful?

Anshul Gupta

Co-Founder
IIT Roorkee Alumnus and CFA with experience of structuring debt products worth more than 15000Cr for institutional and retail investors.

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