Guide for Rewa Residential Real Estate Investment￼
Rewa is located in the state of Madhya Pradesh and lies close to Bhopal. This city has vibrant historical and cultural values, serving a huge effect during the revolt of 1857. From the kingship to the fight for independence, Rewa is also famous for different tribal groups and their authenticity. So, people come here from various parts to explore this location, thus boosting tourism and economy.
For individuals looking for profitable opportunities in investment in the residential real estate sector in Rewa, here is a complete guide.
Top Reasons to Invest in Residential Properties in Rewa
Some of the major reasons to invest in residential real estate properties will be as follows:
- Development in Industries
In different parts of Madhya Pradesh, industrial developments are being made in different sectors which will increase the value of a place in general. Simultaneously, responding to the growth of industrialisation in Rewa and neighbouring cities, the residential real estate sector is sure to evolve in the upcoming years.
- Vibrant History and Tourism
This city talks about a tale of the vibrant history of the Baghel dynasty and is a popular tourist destination. In addition, the culinary delicacies of this city are renowned for their old heritage, forming major attractions for investment in the residential real estate sector.
Investment Opportunities in Residential Real Estate in Rewa
Some of the lucrative investment opportunities in residential real estate in Rewa are as follows:
There have been few developments of residential properties in the area of Ghoghar and nearby areas. The average price of residential properties starts from approximately ₹3,500 per square foot.
- Indira Nagar
Due to the better road connectivity and opportunities for industrial development, many builders in Indira Nagar are developing premium residential real estate projects. The median price of the plot starts from around ₹4,000 per square foot.
Things to Consider Before Investing in a Residential Property in Rewa
Some of the factors that need to keep in mind while investing in residential real estate in Rewa are as follows:
- Checking for RERA Approval
All the matter related to the transactions involved in the real estate sector is monitored by provisions and guidelines laid down in Real Estate Regularity Authority Act 2016. There is a distinct and unique body governing all these matters in every state and UT in the country.
As per the provision of this Act, every broker or builder of Madhya Pradesh must register their property listing in an official portal of the RERA Madhya Pradesh. This will showcase the authenticity of those projects and will let the investor know that these have been built keeping the guidelines in mind.
- Ambience of the Locality
The ambience of a locality and its reputation indicate a plethora of factors that affect the prices of land. This quality can be determined by the availability of amenities in a locality which includes shopping malls, departmental stores, multiplexes, recreational parks, etc. In addition to this, the safety and security quotient in a locality also determine the reputation of land and hence its market prices.
- Road Connectivity
Road connectivity and transport quality should also be assessed before investing in the residential real estate sector. With better connectivity with other important places, the prices of residential properties will surely be going to get up. Also, it will be easier for tenants where the locality shares better connectivity with the rest of the state.
- Financial Status
Finally, it is pivotal to consider your financial status and analyse the same before making a big investment in the residential real estate sector. Moreover, take note of the financial planning and your upcoming expenses after making such a huge investment.
Stamp Duty in Rewa
The stamp duty in Rewa is presented in a tabular format which is:
|Gender of Property Owners||Rate of Stamp Duties|
|Joint (Male + Male)||7.5%|
|Joint (Male + Female)||7.5%|
|Joint (Female + Female)||7.5%|
Registration Charges in Rewa
The registration charges for real estate in Rewa, Madhya Pradesh have been provided in a tabular form:
|Gender of Property Owners||Rate of Registration Charges|
|Joint (Male + Male)||3%|
|Joint (Male + Female)||3%|
|Joint (Female + Female)||3%|
Rewa Residential Real Estate Sector – What’s the Forecast?
Different parts of Madhya Pradesh will be experiencing numerous lucrative projects with the government intervening for betterment. Moreover, there have been various metro projects being developed in Bhopal and Indore which will enhance better connectivity to different parts of the states.
Meanwhile, the growing development in the entire state will have a direct impact on the market price of Rewa and neighbouring cities. Hence, this will create a better scope for investment in the residential real estate sector in Rewa.
Residential Real Estate vs Other Asset Classes
Here are the differences between residential real estate properties and other asset classes that one should know:
- Residential Real Estate vs Gold
Gold serves as an excellent investment instrument for both long-term and short-term funding. With extremely high liquidity and a competitive market, the returns are expected to be moderately high in the gold market. However, during inflation or for long-term investment, residential real estate properties offer unmatchable returns and generate appreciating profits.
- Residential Real Estate vs Commercial Real Estate
Undeniably investing in commercial real estate will offer more rate of return; however, there involves a high cost of entry as compared to residential real estate. Moreover, if you invest in residential properties, you get a chance to save taxes using tax benefits as mentioned in the Income Tax Act. This provision cannot be enjoyed while investing in commercial properties.
- Residential Real Estate vs Stock and Mutual Funds
Stocks and mutual funds can be easily sold and purchased in the market, thus holding great liquidity. Also, it is capable of generating a high return in a short span. However, the stock market is extremely volatile and fluctuates. For this reason, investing in residential real estate properties is beneficial for gaining optimum ROI even during times of inflation or economic turbulence.
- Residential Real Estate vs Bonds
Entering the investment market of bonds involves low cost and offers a constant rate of return on investment. On the other hand, it is found that funding your money in the residential real estate sector will generate a maximum return and is ideal for long-term investment. Hence, lending money in both sectors has pros and cons that investors need to assess.
The table below shows the profound comparison of different assets based on different factors like market liquidity, volatility, and risk involved.
|Parameters||Residential Real Estate||Stocks & Mutual Funds||Gold||Commercial Real Estate||Bonds|
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Steps to Invest in Residential Real Estate Property in Rewa
The following step-by-step procedure shows the ways to invest in residential real estate property in Rewa:
Step 1: Look into your financial status for the upcoming months and understand how much to invest.
Step 2: Make a list of preferred sites that fits your choice and budget.
Step 3: Understand all the important details and documents related to those properties by conducting both online and offline surveys.
Step 4: You can take help from the experts in residential real estate agents to understand the intricacies of a particular property. They can provide detailed insight into a particular property and a locality of the same.
Step 5: Now you can select a particular property that suits your preference after checking and verifying all the details.
Step 6: However, before making payment for the property, check for the authenticity of the property in the RERA portal of the respective state.
Step 7: Once done, verify the documents thoroughly to justify the accuracy of the property you have selected.
Step 8: Then it is important to set and synchronise all accounts for quick and effective transactions. Also, it will allow the transfer of documents and ownership.
Step 9: Finally, after the completion of all the above steps, it is recommended to apply for a comprehensive insurance policy for the property you have purchased.
The increasing demand for residential plots has bolstered the market and motivated many builders to develop housing and complexes in Rewa. So, if you are looking for investment opportunities in the residential real estate sector in this city, this context will guide you through the process and impart insights.
Frequently Asked Questions
What is the function of RERA?
The RERA or Real Estate Regulatory Authority is a statutory body of all the states that monitors every activity related to the real estate sector. A property listed under the RERA portal states that it has maintained all guidelines during construction and registration.
What are the documents needed for property registration in Rewa?
Registering a property in Rewa in Madhya Pradesh requires a list of specific documents which are a PAN card, Form 60 duly filled together along with residence and identity proof of both the parties, principal documents, details of registration charges and stamp duty, etc.
What are the lucrative places for investing in residential real estate in Rewa?
Some of the lucrative places where one can invest in residential real estate in Rewa are Indira Nagar, Chirahula Colony, Ghoghar, Ratahara, etc.
What are the benefits of investing in properties in Rewa?
Investing in residential real estate properties in Rewa and other parts of Madhya Pradesh will offer a profitable share of a return due to the growing rate of industrialisation. Moreover, funding in real estate is extremely ideal during times of inflation and it brings heavy returns on investment.