Guide for Panihati Commercial Real Estate Investment ￼
Panihati is a prominent city in West Bengal situated along the bank of the Hooghly River. Access to water routes made this city a commercial hub since the British era and it has remained a prominent spot for industries and agriculture till today.
Large-scale industries like chemical and pharmaceuticals, rubber, cotton, and wagon factories are established in this city along with several other small industries like jute and leather industries. The population of this city is around 3,83,522 people, and a majority of people in Panihati (71%) are employed in the industrial sector.
Panihati is also a cultural place with many festivals and fairs taking place around the year. This also contributes to the economy of this city and attracts a huge number of people globally to Panihati.
Due to the heavy commercial presence, there is a vast market for commercial real estate in this city. If you want to buy a commercial property in Panihati, keep reading ahead to know the best places to invest in this city.
Top Reasons to Invest in Panihati Real Estate
Panihati is a commercial hub in Bengal due to its exposure to industries and agriculture. It has a vast market for commercial real estate. Below listed reasons are prime factors for commercial real estate investment in Panihati.
- Industrial Hub
Panihati is home to several types of industries including, cotton mills, rubber/latex factories, jute, fabric, etc. One of the large-scale industries that started in Panihati itself is Bengal Chemicals and Pharmaceuticals. This company is now a central Government-run industry that works with several types of chemical production and study.
This city is also the site where industries of Duckback, Basanti Cotton Mill and Sodepur Cotton Mill were first established. The existence of so many industries in this city makes it a very profitable spot for commercial real estate investment.
Panihati is very well-connected to West Bengal’s capital city. Sodepur, one of the major nodes of the Indian Eastern Railways, is just a kilometre away. Thus, by railways, Panihati is directly connected to most large cities of West Bengal.
There are a number of major arterial roads passing through Panihati. The BT Road connects this place to Barrackpore and Dunlop while the Sodepur Station Road offers access to Barasat and Madhyamgram. The nearest airport is located just 9 km away.
- Passive Income
Other than future returns from your commercial real estate investment, you can also earn a substantial amount of passive income from a commercial property in Panihati. Thus you should choose a prime spot and buy a commercial property to grow your wealth through passive income.
Commercial Real Estate Investment Opportunities in Panihati
If you want to invest in a locality in Panihati, check the options provided below:
This locality near Panihati is an emerging area with several opportunities for commercial real estate. The Sodepur Railway Station connects this area to the rest of the localities. You can buy a commercial property in Sodepur for an average price of ₹3,350 per square feet approximately.
This is another prime locality in Panihati city. It is the industrial hub with popular factories like Texmaco, Priya Biscuits, Duckback, and many more. Thus it is an ideal option for commercial real estate investment. For properties in Agarpara, the average cost is approximately about ₹3,050 per square foot.
Things to Consider Before Buying a Commercial Property in Panihati
Before you invest in a commercial property in Panihati, you should carefully consider the list of factors mentioned below to ensure good returns:
- Builder’s Reputation
You should always opt for a commercial property that is built by a builder with a good reputation. The credibility and experience of your property’s builder can influence its demand. Thus, it is important to look for properties made by well-known real estate developers and builders.
You should carefully choose a property in a locality that is well-connected to the rest of the state and other parts of the country. People look for properties with access to good public transport networks and road connectivity. Properties near major roads, railways and airports fetch high rental yield and return on investment.
- Infrastructure Availability
Proximity to essential infrastructure and services like water supply, hospitals, schools, etc., is also important for a real estate property. People will choose a commercial property in a locality offering these features over other options.
- HIRA Verification
You should verify all details of your property from the West Bengal Housing Industry Regulatory Authority (WBHIRA) in your state. You can track the work of your selected commercial property from the official website of HIRA West Bengal
WBHIRA or HIRA was formed under the West Bengal Housing Industry Regulation (Amendment) Act in 2017 as a state-run alternative for the RERA (Real Estate Development and Authority Act. Its responsibility is to maintain transparency in all real estate activities within a state. It mandates all builders to register their properties and update the progress of construction regularly.
Stamp Duty in Panihati
Stamp duty charges applicable in Panihati for real estate are given below.
|Area Type||Stamp Duty Charges|
|Corporation Area (Stamp duty for property value ₹25 lakh and below)||6%|
|Corporation Area (Stamp duty for property value above ₹25 lakh)||7%|
|Municipal Corporation Area (Stamp duty for property value ₹25 lakh and below)||6%|
|Municipal Corporation Area (Stamp duty for property value above ₹25 lakh)||7%|
|Areas that do not fall under Corporation/ Municipal Corporation (Stamp duty for property value ₹25 lakh and below)||5%|
|Areas that do not fall under Corporation/ Municipal Corporation (Stamp duty for property value above ₹25 lakh)||6%|
Registration Charges in Panihati
Registration charges for commercial real estate in Panihati are given below.
|Area Type||Registration Charges|
|Municipal Corporation Area.||1%|
|Areas that do not fall under Corporation/ Municipal Corporation.||1%|
Panihati Commercial Real Estate Sector: What’s the Forecast?
Besides being an important commercial hub of West Bengal Panihati is also a part of the Kolkata Metropolitan Development Authority (KMDA). This city is growing rapidly and has good infrastructure like modern healthcare, educational facilities, etc.
The industries present in Panihati also boost its economy and development status. In addition, the commercial industry here increases the demand for real estate in this city. With various infrastructure projects underway in West Bengal, the city’s real estate market stands to benefit.
Recently, the Hon’ble Prime Minister, Narendra Modi has inaugurated projects worth ₹7,800 crore, including several railways and sewerage infrastructure projects. The PM has inaugurated the Vande Bharat Express, which will connect Howrah to New Jalpaiguri and the Joka-Taratala Metro Project. Moreover, he has laid the foundation for 7 sewerage projects under the Clean Ganga Mission.
Commercial Real Estate vs Other Asset Classes
You can invest in several types of assets to grow your wealth in the long run. Before investing in commercial real estate check the list of asset classes compared below to understand the best option for you.
- Commercial Real Estate vs Bonds
Bonds are fixed-return instruments that are offered to investors at moderate risks. Commercial real estate investment on the other hand offers moderately high returns on investments at moderate risks. If you want to invest in a profitable bond, check the list of available bonds on our homepage.
- Commercial Real Estate vs Gold
Gold is a safe instrument that offers moderately lower returns compared to commercial real estate. Returns from gold are generated from the appreciation value of the asset. However commercial real estate offers higher returns over the long term and the scope for passive returns.
- Commercial Real Estate vs Stocks and Mutual Funds
Shares and funds generally offer higher returns in comparison to commercial properties but they are also subject to higher risks. Investors can incur massive losses from stock investments which is less like from real estate investments. Commercial properties offer moderately high returns at moderate risks in the long term.
- Commercial Real Estate vs Residential Real estate
Commercial real estate offers better returns than residential real estate at moderate risks and has more demand in the market. However, residential real estate is considered to have lower risks in comparison. The opportunity for passive income is higher in the case of commercial real estate.
The table below contains a point-to-point comparison of the above assets based on returns, liquidity, risk, volatility, and ticket price.
|Parameters||Bonds||Commercial Real Estate||Stocks & Mutual Funds||Residential Real Estate||Gold|
Steps to Invest in Commercial Real Estate in Panihati
Follow the steps below to buy a commercial property in Panihati.
Step 1: You need to fix a budget for your investment before you look for available properties.
Step 2: Hire an experienced broker to help you buy the best-value property.
Step 3: Conduct a market survey to understand the real estate sector in Panihati.
Step 4: Shortlist a few properties as per your budget and visit them in person to check the promised amenities.
Step 5: Finalise one property after your survey. Choose the property that best fits your needs and stands out as the most profitable.
Step 6: Check the HIRA website for regular updates and the authenticity of your property.
Step 7: Arrange all required documents and complete official formalities.
Step 8: Complete the registration process and pay the seller.
Step 9: Make payments to your broker. Get insurance if possible.
Panihati is a developing city with multiple industries and good connectivity to the rest of the state. The real estate sector is booming in Panihati and has multiple opportunities in the commercial sector. If you want to invest in a commercial property in Panihati and grow your wealth, this is the right time for you.
Frequently Asked Questions
What is KMDA?
KMDA (Kolkata Metropolitan Development Authority) is a statutory body of the State Government that looks after infrastructure development and maintenance of townships under the Kolkata Metropolitan Area. It was previously known as Calcutta Metropolitan Development Authority.
What is the AQI in Panihati?
Air quality index in Panihati is approximately 130* US AQI, with main pollutant being PM2.5. It is considered a moderate AQI for a city.
What are the popular places to visit in Panihati?
Panihati is famous for different religious places which are visited by lakhs of people each year. Shri Shri Chaitanya Mahaprabhu Temple, Taranath Babur Ghat, and Gribala Thakurbari Ghat are among the most popular places in Panihati.
Which colleges are there in Agarpara?
Agarpara has several schools and colleges in and around the locality. A few popular colleges in Agarpara are JIS University and Narula Institute of Technology.