Guide for Sujangarh Commercial Real Estate Investment ￼
Sujangarh is a city in the Shekhawati region of the Indian state of Rajasthan. The location serves great connectivity through highways like the Churu city-Pali Highway (NH 65) and the Hanumangarh-Kishangarh Mega Highway. Being close to many industrial hubs, this city provides training for the technological upgrade of industrial production, services, operation, innovation, etc.
Moreover, it serves the tourism industry of Rajasthan with its main attractions like the Tirupati Balaji Venkateshwar Mandir and Sri Devsagar Singhi Jain Mandir. All these create demand for commercial real estate investment in the city of Sujangarh.
Let us know everything about commercial real estate investment in Sujangarh.
Top Reasons to Invest in Commercial Real Estate in Sujangarh
The reasons to invest in the commercial real estate of Sujangarh, Rajasthan, are as follows:
- Training Institution
The city of Sujangarh is surrounded by many important cities which are industrial hubs, which generate employment opportunities every year. To cater for this market, Sujangarh has training institutions for various types of employee qualifications. This generates a need for commercial properties like shared workspaces, restaurants, hotels, etc.
The entire state of Rajasthan itself is famous for its tourism sector, and Sujangarh also has a small role to play with its attractive Hindu and Jain temples. Moreover, with the exploring habit of the young generation, this area is also going to become a major tourism hub in the near future.
Commercial Real Estate Investment Opportunities in Sujangarh
The locations offering the best opportunities for commercial real estate investments in Sujangarh, Rajasthan, are as follows:
- Tulsi Market
Being an already set-up marketplace, the area of Tulsi Market is great for commercial real estate, especially for small or medium businesses. Some of the best suitable ones will be shops, hotels, restaurants, banks, small industries, etc.
- Taranagar Main Road
The area of Taranagar Main Road is ideal for commercial real estate investment as it serves direct connectivity to the highways. This not only makes the transportation of goods easier but also helps employees and workers travel conveniently.
Things to Consider Before Buying a Commercial Property in Sujangarh
The primary things to consider before purchasing a commercial real estate property in Sujangarh, Rajasthan, are as follows:
Every buyer should evaluate a location’s infrastructure before investing in its real estate. A modern infrastructure with basic amenities, sustainability and convenience will have a better return potential than properties lacking modern amenities.
- RERA Verification
The Real Estate Regulatory Authority (RERA) is a statutory body whose aim is to promote transparent and authentic real estate business between buyers and agents since when it was notified by the RERA Act 2016. You can check the authenticity of a property and its builder in Sujangarh by visiting the RERA website of Rajasthan.
Stamp Duty Rates in Sujangarh, Rajasthan
The stamp duty rates for real estate property sales in Sujangarh, Rajasthan, are as follows:
|Type of Ownership||Stamp Duty Rates|
Registration Charges in Sujangarh, Rajasthan
The registration charges for real estate property in Sujangarh, Rajasthan, is as follows:
|Type of Ownership||Registration Charges|
It is very important to consider the rates of stamp duty and registration as they will be a part of your investment amount.
Sujangarh Commercial Real Estate Sector: What’s the Forecast?
In FY 2021-22, the housing board of Rajasthan earned a whopping ₹2327.90 crore by selling over 16000 residential and 3000 commercial real estate properties in the entire state. Along with this, in FY 2022-23, about 50 acres in the Aravali area of Rajasthan are being cleared out for more real estate purposes.
Hence, we can say that the real estate market of Rajasthan has been experiencing a boom since in last few financial years. This will definitely create a positive impact on the overall real estate industry of Rajasthan in the years to come.
Commercial Real Estate vs Other Asset Classes
The comparison between commercial real estate and other asset classes has been discussed below:
- Commercial Real Estate vs Stocks & Mutual Funds
Stocks and mutual funds witness higher fluctuations than commercial property, making it tough for investors to estimate the returns. Investing in the commercial real estate industry is less volatile than investing in stocks and mutual funds.
- Commercial Real Estate vs Gold
Commercial real estate investment provides the opportunity of generating passive monthly income, which is not the case with gold. Additionally, returns from gold fluctuate as they are based on various macroeconomic factors, which is not the case with real estate.
- Commercial Real Estate vs Residential Real Estate
The vacancy risks for residential properties are higher in comparison to a commercial estate with the given frequent turnover of tenants. Moreover, residential property needs to be leased annually, but office spaces can be leased for longer tenures.
- Commercial Real Estate vs Bonds
Bonds have a low credit risk than commercial real estate properties. Moreover, commercial property investments are less liquid than bonds due to the higher transaction costs involved and the long 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||Gold||Residential Real Estate||Stocks & Mutual Funds||Bonds|
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Steps to Invest in Commercial Real Estate in Sujangarh
The steps to invest in commercial real estate in Sujangarh, Rajasthan, are as follows:
Step 1: Conduct proper market research and finalise your investment budget.
Step 2: Shortlist some budget-friendly sites and analyse them minutely by planning a field visit to each site.
Step 3: Finalise a commercial real estate property that is suitable and prepare the official documents for the purchase.
Step 4: Complete the payment process. Make sure to complete the stamp duty and registration charge formalities.
Step 5: Pay service fees to real estate consultants and brokers if you availed their services.
Step 6: Consider purchasing an insurance policy for your property to safeguard yourself financially in case your property incurs any damages in future.
The outlook for the commercial real estate sector of Sujangarh is witnessing positive changes in terms of property value, connectivity and infrastructure. It is also undergoing major growth and development with the government introducing more initiatives to increase real estate sales. All these factors are attracting promoters towards this area to build commercial spaces. However, it is also important to undergo proper research before buying a property to avoid loss and fraud.
Frequently Asked Questions
Is Sujangarh an urban or rural area?
Being a city, Sujangarh is majorly an urban area in the Indian state of Rajasthan. Here, out of the total living population, approximately 67% lives in the urban part of the city, whereas the remaining 33% lives in the rural part.
What documents are required to pay stamp duty charges in Rajasthan?
The documents required to pay stamp duty charges in Rajasthan are lease, exchange and gift deeds, POA, tenancy and license agreements, etc. All these are used to check the authenticity of the property with other details of both the property and its owner.
Is there a surcharge applicable on stamp duty rates in Rajasthan?
Yes, there is a surcharge applicable on stamp duty rates in the Indian state of Rajasthan. Here, this surcharge rate is 1.8% and 1.5% for males and females, respectively.
What happens if I do not pay stamp duty charges in Rajasthan?
If you do not pay stamp duty charges in Rajasthan, you will be charged with a penalty of 8% to 20% of the actual stamp duty value. Moreover, in extreme cases, you can also be sentenced to jail for a prescribed period.