Guidelines for Investing In Alwar Residential Real Estate

by Vaibhav Kumar Pragyan Institute of Education

Alwar is located on the eastern point of the Aravalli Hills, 150 km north and south of Delhi and Jaipur, respectively. It is the headquarters of the Alwar district and is widely known for manufacturing Ray Ban sunglasses, plants mustard, frozen food industry, etc. This city in Rajasthan is also famous for being an important agricultural and transport hub. Apart from these aspects, Alwar is well connected by rail and road. Several government and private buses run through the city. If you plan to buy a property in alwar residential properties, it will be more helpful for you for the transport facility.  

 

Important Reasons to Invest In Alwar Residential Properties:

You want to know some essential factors before investing in Alwar residential properties. Here are some factors as follows. 

 

·         Booming Infrastructure: 

The city is witnessing rapid development in its infrastructure with the initiative of RIICO (Rajasthan State Industrial Development and Investment Corporation Ltd). This corporation is undertaking several development projects to improve Alwar's Signature Saatva infrastructure and facilities. The city is also home to a number of schools and colleges to enhance the education system. 

• Inexpensive:

While looking for housing, an investor first considers the property's price. Properties in Alwar come at budget-friendly prices with good facilities and many options. You can find housing in Alwar for an average price of ₹1,700 to ₹4,000 per square foot. However, residences with advanced amenities tend to attract high prices.

• Connection

Alwar has excellent connections by rail, road, air, government services, and public buses. Taxis and rickshaws also connect the city to the rest of the city and Alwar Old Bus Station, a bus service point in the city. It is close to Alwar Railway Junction. From there, you can take a train to Delhi, Mumbai, Jaipur, and other major cities quickly. 

 

Things to Consider Before Buying a Residential Property in Alwar:

The Federal Government of India enacted the Real Estate Regularity Authority (RERA) Act 2016 for transparency in real estate transactions. It also helps in establishing the actual ownership of the property. Therefore, before investing in a residential house in alwar city today, you must log in to the official RERA portal of Rajasthan to verify the property's authenticity. It also allows homebuyers to select a residential area based on their profile. Real estate investors often consider the resale value of a property before planning their investment. As it is a developing location in terms of infrastructure and facilities, Alwar is highly probable that prices will increase. Homebuyers are always looking for properties that can generate a decent ROI in the future.

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Created on Sep 1st 2023 10:07. Viewed 109 times.

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