Guide for Singrauli Residential Real Estate Investment

Singrauli is an important city in Madhya Pradesh, having rich coal deposits spread over 2,200 square kilometres. Due to this reason, it is known as the ‘Energy Capital of India‘. It also opens up several employment opportunities for people.

Here you can get several schools, colleges, hospitals, markets, and restaurants, all these making Singrauli a favourable location to purchase a residential property. There are several investment opportunities available in this location. Keep reading to know some crucial reasons for property investment in Singrauli.

Top Reasons to Invest in Residential Real Estate in Singrauli

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

• Top Education Centres 

At Singrauli, you can get several schools where you can get your child enrolled to receive a quality education. These include Skylark Public School, Sardana International School, Dav Public School, and Christ Jyoti School. Besides this, there are some colleges like Nri Group of Institutions and Sam Global University.

• Plenty of  Medical facilities

There are several healthcare facilities in this region like Triveni Health Care, District Hospital, Subhadra Memorial Hospital, Mrityunjay Hospital, and so on. These healthcare centres are also equipped with advanced medical instruments and have some of the best doctors to provide the best possible treatment. So, you can rush out here after facing any kind of medical emergency.

• Numerous Restaurants

There are several restaurants as well in this locality like Desi Thath Family Restaurant, Cafe Little Heart, Sharda Restaurant, Swaad Sangam, Dwarikapuri, and Kasbah Cafe & Restaurant. You can visit all these places with your family and friends for dining out and spending some quality time. Also, they are affordable and hence you will not have to worry much about the costs.

Investment Opportunities in Residential Real Estate in Singrauli

Some of the lucrative residential real estate investment opportunities in Singrauli are:

• Waidhan: Waidhan has multiple schools, colleges and restaurants. Also, within a walking distance, you can get markets from where you can get to purchase your basic necessities at affordable rates. This ensures that you can save your time as well as the money that is required for travelling to your destination.
• Gorbi: Gorbi is also a popular residential area in Singrauli. From here, you can visit the Gorbi market which is situated nearby giving you access to the daily essentials at cost-effective rates. Moreover, there are schools and police stations as well in this region, so you can get there quickly without taking multiple means of transport to commute. 

Things to Consider before Investing in a Residential Property in Singrauli

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

• Safety of the Locality

The safety of a locality should be your primary focus while selecting a residential property. You can ensure this during your on-site inspections. to get accurate information about this aspect, you can have a word with the locals or police. This can minimise the chance of encountering criminal activity after shifting there. 

• RERA Authentication

The Real Estate Regularity Authority Act 2016 was introduced with a focus to minimise property-related fraud. According to this Act, every state, including Madhya Pradesh has its RERA portal which contains every detail of a property within the respective state. You need to visit this portal to get all the necessary information about a property that you must be looking forward to before purchasing. All these details are authentic, and thus it ensures that you stay protected from fraudsters 

• Connectivity of the area

During the on-site research of your property make sure that it is well connected to other parts of the state through roads. Also, you need to check the options for public transport. This can include both railways and roads. You can enquire about it with the locals to get all the necessary details.

• Availability of Basic Amenities

During your on-site visits, you must check if there are markets and shops located near your property. As a result, you can get your necessary items without going far. This can save you sufficient time and the cost of travelling. 

• Cleanliness of the Neighbourhood

It is highly imperative to ensure that the location where you are planning to shift is clean or not. Otherwise, you and your family members can develop many health issues. It can also affect the quality of life. 

Stamp Duty in Singrauli

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

Registration Charges in Singrauli

You will have to pay the following property registration charges while investing in residential real estate in Singrauli: 

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

Singrauli is a quickly developing city with constantly expanding markets, increasing transportation facilities and so on. NH 75 and NH 75E go along the city outskirts. Further, there are Khajuri-khutar airport and Varanasi Shastri Airport nearby. The roadway connection has also significantly improved over the past few years. This can prove to be immensely beneficial to people looking for investing in real estate properties in India. 

Apart from these, you can find several power plants in Singrauli, providing employment opportunities to a large number of people from around the state. As a result, you can easily find tenants and ensure a steady monthly income.

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

Parking your money in residential real estate can provide you with high returns over the long as well as short term as you can make rental income and sell it off if necessary. On the contrary, gold investments offer you the flexibility to withdraw money in case of financial emergencies. However, the price of gold is more volatile compared to residential real estate. Alongside this, you should note that over a longer duration, you can expect higher returns from residential real estate investments.

• Residential Real Estate vs Commercial Real Estate

Commercial real estate investments can provide you with higher returns when compared to residential real estate. However, finding a potential buyer or tenant for commercial properties can be difficult. On the contrary, finding tenants for residential properties are comparatively easier. Also, you can claim tax benefits if you purchase residential properties with a home loan.

• Residential Real Estate vs Stocks and Mutual Funds

Stocks and mutual funds can provide high returns if you invest wisely. However, due to the volatility associated, it can also lead to significant losses or unprofitable returns. So, you will have to conduct proper market research to invest in the right stocks. However, if you do not want to undertake this risk, and are looking for stable returns, you can park your money in residential real estate.

• Residential Real Estate vs Bonds

Although real estate investments have higher earning potential, bonds can generate stable returns. Moreover, you can also have an estimation of the returns from bonds. Bonds are also moderately liquid, letting you withdraw money.

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

Explore our website to explore and invest in low-risk bonds and earn stable returns. Register now and start investing with no additional or hidden charges. 

Steps to Invest in Residential Real Estate in Singrauli

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

Step 1: Decide the budget that you can invest to purchase a residential real estate property.

Step 2: Research thoroughly online to shortlist some properties in your preferred location. 

Step 3: Conduct on-site research to ensure that the locality is clean and safe. Also, check the amenities available in that area. 

Step 4: Talk to the consultants to know the benefits and earning potential of a property in that location.

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

Step 6: Calculate the total costs that you will have to pay to transfer the property in your name.

Step 7: Finalise the deal if the costs are within your budget and you like the locality. 

Step 8: Pay the property price and associated fees such as stamp duty and property registration charges. Also, complete the payment of brokerage charges as decided.

Step 9: Collect the necessary documents such as property assessment extract, encumbrance certificate, and title deed that you will need to submit during property registration.

Step 10: Purchase an insurance policy to stay financially prepared for repairing any damage that happens to the house.

Final Words

Due to the availability of numerous employment opportunities, many people shift to Singrauli either alone or with families. So, after purchasing a real estate property, you can easily rent or sell your house or flat to them, depending on your financial requirements. Investment in residential real estate is not associated with many risks and can generate high returns over a longer duration. However, you should keep in mind to purchase a property at a prime location for maximum gains. 

Frequently Asked Questions

1. What are the employment opportunities in Singrauli?

There are several industries in Singrauli from where you can find employment opportunities. Industries in this location include Vindhyachal Thermal Power Station, Chitrangi Power Project, Sasan Ultra Mega Power Project, Singrauli Super Thermal Power Station, Moher & Moher Amlohri Extension Coal Block, Vindhyachal Pooling Sub Station, Mahan Aluminium Ltd, and so on. 

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

The necessary documents that you will require during property registrations are Form-60, PAN card copy of both buyer and seller, KYC documents of all the parties involved, and payment receipts of stamp duty and registration charges.

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

After transferring the property in your name, you will have to collect some crucial documents from your seller and the respective government department. These include mutation register extract, allotment letter, no-objection certificates (NOC), copy of the sale deed, property tax receipts, payment receipts, encumbrance certificate, completion certificate, possession letter, building plan, general power of attorney, and so on.

4. What are the nearby police stations in Singrauli?

Some of the nearby police stations in Singrauli are Bargawan Police Station, Waidhan Police Station, Morwa Police Station, Chitrangi Police Station, Manda Police Station, and Jiyawan Police Station. You can reach out to these police stations anytime in case you become a victim of criminal activity.