Guide for Kota Residential Real Estate Investment
Located 240 km from state capital Jaipur, Kota is a city located in the southeastern parts of Rajasthan. The city is one of the biggest educational hubs in India, renowned for its coaching institutes. It attracts aspirants for various competitive exams like NEET and JEE Main. Apart from its popularity as a hub of coaching institutes, it is a highly developed city. It has excellent connectivity with the rest of the country. It has been listed as one of the cities under the Union Government’s Smart Cities Mission. Additionally, Kota is also home to several other industries, which include oilseed, textile, paper, cotton, nylon, distillery, electric-cable and rubber industries. Due to these factors, Kota is also becoming a favourite residential location for many. Continue reading to know more about the residential real estate investment opportunities in Kota. Top Reasons to Invest in Kota Real Estate Some of the significant factors which make Kota ideal for residential real estate investment are given below: Kota is connected to the cities and towns of the country through road and rail transportation services. Several national highways pass through this city. The NH- 76, which forms a part of the east-west corridor, connects Kota to cities like Udaipur, Kishanganj, Deori and other areas of Madhya Pradesh. NH-12 links Kota to Jaipur and Jabalpur. NH-27 connects Kota to Kanpur, Gorakhpur and Guwahati. NH-52 connects Kota with Sikar, Hisar, Jaipur, Indore, Aurangabad, Solapur, and Hubli. Kota is also an important railway junction, which connects the city to other parts of the country. Since it is located on the Delhi-Mumbai main line, it is one of the busiest railway junctions on the route. Kota has attained fame within the country for being the coaching hub for medical and engineering aspirants. Its education industry is probably the main contributor nowadays to the city’s economic progress. Lakhs of students migrate to Kota every year for educational purposes. Some of the famous coaching institutes in Kota are Bansal Classes, Allen Career, Nucleus Education and Aakash Institute. With Kota emerging as a significant player in the education industry, other allied residential and commercial areas have grown in the city with it. These include hostels, hotels and restaurants. With so many students travelling to Kota for studies, residential properties have a very high rental prospect. Residential Real Estate Investment Opportunities in Kota Here are some of the best localities in Kota where you can invest in residential real estate: Mahaveer Nagar is one of the well-developed localities in Kota where you can purchase your dream home. Apart from being well-connected to different parts of the city, this place has numerous hospitals and healthcare centres like S Narayan hospital, PMC American Hospital, Anurag Hospital and Research Centre and many others. There are also multiple schools nearby such as Glorious Public School, Jyoti Bal Vidya Mandir and Saraswati Vidya Mandir. There are 6 malls, 15 shopping plazas and 14 supermarkets in this area. There are also innumerable restaurants and food joints in this locality. Talwandi is a nice place to live since it has excellent transport facilities to the rest of the city as well as the neighbouring cities. There are 4 major bus stops near this location. It is a highly developed location within Kota with all the modern infrastructure and amenities required for a comfortable lifestyle. There are around 80 hospitals and 21 schools nearby. Furthermore, there are multiple malls here, some of which are Cine Mall, CITY Mall and Aakash Mall. There are 20 supermarkets in this location which cater to the daily needs of the population of this place. There are also numerous restaurants in this location like Emmanuel Café, TFT Chinese Food and Burger Garage. Things to Consider Before Buying a Residential Property in Kota Here are some of the crucial factors which you must consider before buying a residential property in Kota: Before buying a residential property, always look at the locational advantages and disadvantages of the property. Look for the connectivity facilities available and find out the nearest bus stops. Also, look into the infrastructure and amenities that the particular location provides. The property should be close to emergency facilities like hospitals and medical stores. Furthermore, if you have children, another important consideration is the schools available nearby. Also, look into the markets and recreational facilities available nearby. Under the Real Estate Regulatory Authority Act, 2016, there is a statutory body in every state which is responsible for regulating the real estate markets. The main role of the Real Estate Regulatory Authority (RERA) is to maintain transparency and accountability in the real estate business. It aims to reduce project delays and instances of property-related fraudulent activities. It has been made mandatory for builders to carry out RERA registration before they start a project. Thus, before buying a residential property in Kota, visit the Rajasthan RERA website to find out the authenticity of the property and its builder. Stamp Duty in Kota, Rajasthan Given in the table below is the stamp duty for residential properties in Kota: Gender Stamp Duty Male 6% + 20 % (of 6%) labour cess Female 5% + 20 % (of 5%) labour cess Registration Charges in Kota, Rajasthan Given in the table below are the registration charges for residential properties in Kota: Gender Registration Charges Male 1% female 1% Residential Real Estate Sector in Kota: What’s the Forecast? In this age when India’s educational sector is growing at an unbelievable rate, Kota is turning out to be the leader in this industry. Due to its importance as an educational hub in the country, it is getting increasing state and central fund allocations for the infrastructural development of the city. Rajasthan Chief Minister Ashok Gehlot approved the allocation of ₹120.80 crore for works related to the construction of the new green airport in Kota in December 2022. Furthermore, he also decided to provide ₹40 crore for shifting the EHV power lines in the Green Field Airport area. Due to the infrastructural developments in Kota
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