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Sikar, Rajasthan Real Estate

Overview of Sikar

Sikar lies in Rajasthan's Shekhawati region. It's turning into a major economic, educational, and commercial hub in India.

Demographics and Infrastructure
  • Population: From the 2011 census, Sikar has 237,532 people.
  • Area: The city spans 26.57 sq. km.
  • Connectivity: It's well-linked with other Rajasthan cities and nationally via railways and highways. NH-11 has been made into a 4-lane highway, and there are plans to better train links and the Tarapura airstrip.
Real Estate Market
Property Prices
  • Range: In Sikar, real estate can range from 3 lakhs to 2 crores rupees. On average, real estate costs around 24,000 rupees per lac.
  • Square Foot Prices: The initial cost of properties is Rs. 2,759 per sqft, with an average Rs. 20,533 per sqft. The highest prices reach Rs. 100,806 per sqft.
Types of Properties
  • Residential: Flats are 26% of Sikar real estate, while houses make up 18%. Options include 1/2/3 BHK flats, houses, villas, builder floors, and independent floors.
  • Commercial: Many people are investing commercially, making it a good spot for shopping malls, showrooms, and office spaces.
Popular Localities
Residential Areas
  • Khatu: Famous for great infrastructure and amenities like hospitals, schools, and banks.
  • Shivsinghpura: Always wanted for houses.
  • Kanwarpura: Popular too for house buying.
  • Devipura, Nani, and Dhobiyon Ka Mohalla: Favored for homes.
Commercial Areas
  • Radhakishan Pura: Top commercial spot with good transport, malls, and supermarkets.
  • Khatu: Well-linked with shops and eateries.
  • Dhod, Danta Ramgarh, and Rampura: Good for office property investment.
Investment Opportunities
Growth Potential
  • Sikar will likely see rising property values due to commercial booms and more infrastructure.
  • Being part of a new industrial corridor, plus its prominent real estate hub, hints at future value rises.
Comparing Asset Classes
  • Commercial real estate in Sikar provides better returns than residential or others like gold and stocks, yet it’s less liquid.
Steps to Invest
  • Set Your Budget: Decide your investment amount.
  • Research: Online, find quickly growing areas with high rent potential.
  • Site Visit: Check documents, structure, and amenities at chosen places.
  • Purchase: Buy a good property, prepare ownership papers.
  • Legal Formalities: Settle stamp duty and registration fees.
PropertyWala's Conclusion

Sikar makes a strong case for real estate investing, both residential and commercial. Its good infrastructure, linkups, and growing economic and educational role suggest big growth. Expect good returns, especially in commercial sites, thanks to high demand and new developments. Still, fully research, consider location and linkups, and ensure legal steps are all in place to make well-informed investment choices.