Your Complete Guide To Commercial Real Estate Investment In Rohini
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. 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 different facets 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 the 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.
Here are the specific points to need to consider before investing in commercial properties in Rohini:
Infrastructure
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 Regulatory Authority (RERA) Act 2016 mandates the formation of a statutory body Real Estate Regulatory 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:
|
Gender |
Stamp Duty |
|
Male |
6% |
|
Female |
4% |
|
Joint |
5% |
Registration Charges in Rohini
Registration charges for commercial real estate in Rohini are given below:
|
Gender |
Registration Charges |
|
Male |
1%
|
|
Female |
1%
|
|
Joint |
1%
|
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, 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: Finalize 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 the future.
Step 3: Shortlist a few sites that suit your budget.
Step 4: Conduct on-site research to analyze the ground situation closely. You may also consult real estate consultants in Rohini to know the prospects for developing these sites.
Step 5: Finalize 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.
Final Word
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. One great opportunity available is to buy commercial shop in Migsun Rohini Sector 22. 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.
