Guide for Najafgarh Commercial Real Estate Investment
Najafgarh is a town in the South-West side of Delhi- the capital of India, sharing its territory with Gurugram, Bahadurgarh and Haryana. It is well-connected to major destinations all over Delhi and Haryana, owing to its streamlined connectivity. It enjoys good accessibility to Gurugram via the Najafgarh-Gurugram road. As part of India’s capital, it has always had the most influential real estate market.
Let us see the reasons for investing in commercial real estate in Najafgarh!
Reasons to Invest in Najafgarh Real Estate
Some top reasons to invest in the commercial real estate of Najafgarh are as follows:
- Developing Connectivity
Najafgarh has a great transport system, which is improving every year. Moreover, this location is home to a larger community of people who get easy access to some of the major locations in Delhi via roads and highways.
- Strategic Location Placement
The location of Najafgarh is nearest to many important residential and commercial areas of Delhi. These important localities are Rama Road, Loknayak Puram, Mahavir Enclave, Mohan Garden, Kotla Vihar Phase 2, Baprola and many more.
Commercial Real Estate Investment Opportunities in Najafgarh
The locations offering the best opportunities for commercial real estate investment in Najafgarh include:
- Dwarka Sector 18
One of the most famous commercial spaces among brokers, Dwarka Sector 18 offers remarkable connectivity through the blue line of the Delhi metro.
It is an urbanised village which has been developing in terms of infrastructure for a few years and also has excellent connectivity through the NH 753 and Najafgarh-Gurgaon Road.
Things to Consider Before Buying a Commercial Property in Najafgarh
The main things to consider before buying a commercial real estate property in Najafgarh are as follows:
- Lease Structure
A lease is a legal agreement defining the relationship between a property owner and occupier. When investing in a commercial property, you must understand its lease structure and the risk involved.
- Check Authenticity through RERA
The Real Estate Regulatory Authority (RERA) is a statutory body promoting transparency in transactions between real estate agents and buyers. It was notified by the RERA Act of 2016.
Make sure to check the authenticity of the property by visiting the portal of RERA Delhi. It provides access to all property-related documents and builder information.
Stamp Duty in Najafgarh
The stamp duty rates for commercial properties in Najafgarh are:
|Gender||Stamp Duty Rates|
|Joint (Male + Female)||5%|
|Joint (Male + Male)||5%|
|Joint (Female + Female)||5%|
Registration Charges in Najafgarh
When investing in a commercial property, you are required to register the ownership of the property to your name by paying the registration charges to the state or UT.
The property registration charges in Delhi are:
|Gender||Stamp Duty Rates|
|Joint (Male + Female)||1%|
|Joint (Male + Male)||1%|
|Joint (Female + Female)||1%|
Najafgarh Commercial Real Estate Sector: What’s the Forecast?
The real estate sector of Najafgarh has been experiencing development in transport and infrastructure for a very long time. The town is surrounded by prominent localities like Nawada, Kakrola, Dwarka and various villages of Haryana. Its location between Haryana and Delhi makes it a prime location for future commercial development.
Its connectivity through national highways and Delhi metro rails makes it attractive to real estate investors who wish to explore the commercial property sector of Delhi.
Commercial Real Estate vs Other Asset Classes
The difference between commercial real estate and other asset classes are as follows:
- Commercial Real Estate vs Stocks and Mutual Funds
Investment in the commercial real estate industry is less volatile than investing in stocks and mutual funds. However, stocks and mutual funds offer higher returns than commercial properties because it heavily depends on market fluctuations.
- Commercial Real Estate vs Gold
Real estate is considered to be a stable investment option that generates passive income and offers additional tax breaks. On the contrary, gold faces higher volatility and risks of being stolen, and its price heavily depends on market sentiments.
- Commercial Real Estate vs Residential Real estate
Residential property needs to be leased annually, but commercial office spaces can be leased for longer tenures. Moreover, the vacancy risks for residential properties are higher when compared to commercial estate due to the frequent turnover of tenants.
- Commercial Real Estate vs Bonds
Bonds have a low credit risk than commercial real estate properties. Additionally, commercial property investments are more illiquid than bonds due to higher transaction costs and the extended time it takes to find a suitable buyer.
A tabular representation to compare the assets based on returns, liquidity, risk, volatility and ticket price is as follows:
|Parameters||Commercial Real Estate||Stocks and Mutual Funds||Gold||Residential Real estate||Bonds|
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Steps to Invest in Commercial Real Estate in Najafgarh
The steps to invest in commercial real estate in Najafgarh are as follows:
Step 1: Finalise your financial budget.
Step 2: Conduct proper market research and shortlist some sites that meet your requirements.
Step 3: Consider visiting the sites to analyse their location, connectivity, infrastructure, etc.
Step 4: Once you finalise a suitable commercial real estate property, prepare official documents like sale deed, building plans, etc., to purchase it.
Step 7: Complete registration and stamp duty formalities.
Step 8: Pay service fees to real estate consultants and brokers if you availed their services.
Step 9: Finally, consider purchasing an insurance policy for your new property to secure yourself financially.
The outlook of Najafgarh for commercial real estate is quite promising due to its proximity to major locations in Delhi and Haryana. The commercial sector is nearest to many important residential places in Delhi, making it easily accessible for working professionals. If you plan to invest here, conduct thorough market research or consult a real estate agent.
Frequently Asked Questions
Is Najafgarh a good area?
Najafgarh is a prime locality in Delhi that is well connected with the other parts of the city through Najafgarh-Gurugram Road.
Is Najafgarh a rural or an urban area?
Najafgarh is mostly an urbanised village. Here, around 89.5% of the total population lives in urban areas, whereas 10.5% live in rural areas.
Is Najafgarh a good place for commercial investment?
It is a good option when it comes to real estate investment due to its developing connectivity and infrastructure. In addition, it is well connected to other parts of Delhi through the blue line metro and national highways.
What are the best places to buy a property in Najafgarh?
The best places to buy a property in Najafgarh are the Dwarka Sector 13, 17, 18 and 18A, including the Dwarka Mor.