Jalna, Maharashtra Property Guide
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Real Estate Investment Overview for Jalna
Jalna is a city located in the Maharashtra region of India, offering promising residential and commercial real estate opportunities.
Location and Connectivity
- Jalna is on the Kundakali River, 170 kilometers northeast of Ahmednagar and 60 kilometers east of Aurangabad.
- The city has robust links to major towns via state highways and is close to the Aurangabad airport. It’s also connected to cities like Pune, Mumbai, and Ahmednagar through well-maintained roads planned to upgrade to four-lane highways.
Economic and Industrial Profile
- Jalna is a crucial industrial center for cotton spinning, ginning, and weaving, plus it has steel and agro-based industries on different scales.
- The presence of oil-pressing and cotton-ginning factories provides jobs, drawing many people to the area.
Residential Real Estate
Top Reasons to Invest
- Advanced Infrastructure: Jalna’s infrastructure includes well-maintained roads and modern amenities.
- Increased Education and Employment Opportunities: The city has notable educational institutions and numerous factories, boosting career prospects.
- Robust Connectivity: Excellent roads and railways connectivity make Jalna attractive for investment.
Prominent Locations
- Ambad: Known for its good roads and National Highway 52, houses many educational institutions, and is a municipal council.
- Railway Station Road: Close to schools, colleges, hospitals, and transportation hubs.
- Dadawadi: Offers new developments, easy access to main roads and highways.
- Samarth Nagar: Features projects like Krishna Kunj Phase 4 with well-designed and maintained units.
Commercial Real Estate
Top Reasons to Invest
- Industry and Economy: The strong cotton industry and presence of steel and agro-based industries push economic growth.
- Tourist Spots: Several temples, shrines, and historic sites turn Jalna into a popular tourist hub.
- Connectivity: Good railway and road routes link Jalna with various Maharashtra parts and other states.
Prominent Locations
- Bhawani Nagar: Close to Jalna’s railway station, with key amenities. Average property price is around ₹2,992 per sqft.
- Badnapur: 18.8 km from Jalna, with commercial properties averaging ₹1,980 per sqft.
- Indewadi and Ambad: Other locations for commercial investments due to great connectivity and developments.
Things to Consider
Infrastructure and Amenities
- Check if properties have essential amenities to ensure high demand and resale value.
RERA Authenticity
- Verify the property and the builder through the RERA Maharashtra portal to steer clear of fraud.
Stamp Duty and Registration Charges
- Know the applicable stamp duty and registration fees, which change with area specifics (urban, municipal council, gram panchayat).
PropertyWala's Final Thoughts
Jalna stands out for both residential and commercial real estate investments due to its improved infrastructure, great connectivity, and strong industrial base. This city’s strategic location, education, and employment potential make it a compelling choice for investors. Before starting, consider infrastructure, RERA compliance, and local regulations for a beneficial and profitable investment. With ongoing development and governmental initiatives, Jalna is set for substantial growth in real estate.