Guide for Rohini Commercial Real Estate Investment
Rohini is the first sub-city project of the Delhi Development Authority. It is also one of the oldest planned sub-cities in Northwest Delhi.
This area is well connected with major areas in Delhi by metro routes. Rohini also hosts major educational institutions within 6 km radar of the town.
Industries dotting Rohini and its outskirts play a pivotal role in this place’s economic development. Every sector of Rohini has prominent marketplaces, showrooms, and malls. Furthermore, the posh residential areas attract premium brands to establish their outlets in this city.
This article covers the benefits of investing in commercial real estate in Rohini.
Top Reasons to Invest in Commercial Real Estate in Rohini
Following are some reasons for you to invest in commercial real estate in Rohini:
- Location and Connectivity
Rohini has three metro stations connecting to the main city of Delhi. You can access Rohini via the Red Line of Delhi metro. Rohini East, Rohini West, and Rithala Metro Stations provide frequent and accessible transportation in and around Rohini.
- Large Residential Area
Rohini is home to people belonging to all economic classes. As a result, there are numerous shops, stores, and showrooms in every sector of Rohini. Many big and small brands have their outlets here. Anyone can earn high ROI by investing in showrooms and restaurant spaces in Rohini.
Commercial Real Estate Opportunities to Invest in Rohini
Here are some prime locations in Rohini where you can invest in commercial real estate:
Pitampura lies adjacent to Rohini. It hosts the commercial market hub of Netaji Subhash Place. There are many opportunities to invest in retail stores, showrooms, and office spaces here.
Pitampura is closely connected to Sectors 7, 8, 9, and 14 of Rohini. This place is also approximately 50 minutes to 1 hour from Connaught Place, Gurugram, and Noida. Property prices in Pitampura range from ₹95 lakhs to ₹6.5 crores.
- Sector 3
Sector 3 is the largest of the 50 sectors in Rohini. It hosts significant housing areas and commercial places like shops, malls, restaurants, and retail stores.
As the largest sector, its place tends to attract major corporate firms in Sector 3. Therefore, you can find immense opportunities to invest in urban office spaces and showrooms in malls.
Commercial property prices in Sector 3 range from ₹62 lakhs to ₹2.5 lakh.
Things to Consider before Investing in a Commercial Property in Rohini
Here are the specific points to need to consider before investing in commercial properties in Rohini:
The infrastructure of property plays a major role in attracting tenants. Before purchasing a commercial property, ensure it has all the necessary modern amenities. This includes functioning lifts, washrooms, adequate parking spaces, ventilation, and many more.
- Location and Connectivity
A property’s location is another important factor in determining its worth in future. If your property is near national highways, railways, and metro stations, it will promise a substantial ROI. However, properties near poorly constructed roads will be a risky investment as tenants may avoid such spaces.
Therefore, before purchasing property, conduct thorough market research to know about the nearby places and transportation facilities.
- RERA Authorisation
The Real Estate Regularity Authority (RERA) Act 2016 mandates the formation of a statutory body Real Estate Regularity Authority, in every state and Union Territory. A RERA body monitors the discipline and transparency in the real estate industry.
Every builder or broker in Rohini must register their properties under the RERA portal on New Delhi’s website. You can check your shortlisted properties’ authenticity by searching for them there.
Stamp Duty in Rohini
The table below displays the stamp duty applicable to properties in New Delhi.
Registration Charges in Rohini
Registration charges for commercial real estate in Rohini are given below:
Rohini Commercial Real Estate: What’s the Forecast?
Besides being a planned residential area, Rohini houses several companies like Mobikwik Customer Care, LIC of India, Srventech, Chocolate Fountains, Iweb Technologies, etc.
DDA is also planning to introduce two sports complexes in this city to indulge youth in fitness. These factors open up scopes for investing in office spaces and showrooms for big and small brands here.
Steps to Invest in Commercial Real Estate in Rohini
Here are the steps you need to follow to invest in commercial real estate in Rohini:
Step 1: Finalise your goal and budget for investing in commercial property.
Step 2: Conduct sufficient research on potential locations and sites that have the potential to develop in future.
Step 3: Shortlist a few sites that suit your budget.
Step 4: Conduct on-site research to analyse the ground situation closely. You may also consult various real estate consultants to know the prospects for developing these sites.
Step 5: Finalise a commercial plot that aligns with your budget and investment goals.
Step 6: Check for official documents like Title Deed, Property Assessment Extract, Foundation Certificate, etc.
Step 7: Complete the stamp duty and registration formalities to transfer the property in your name.
Step 8: You need to pay service fees to brokers or real estate consultants for availing their services.\
To conclude, Rohini is a suitable location for commercial real estate as it has everything from schools, shops, and banks to offices and industries in the vicinity, which drives property prices. After investing, consider covering your newly obtained property with an insurance policy. This will help safeguard you and your finances in case of any damage to commercial real estate.