flats in agra

Celebrated for the Taj Mahal, the metaphor of love, Agra also became a trusted destination for investors. The city's geographic location amidst hills and a 4-hr drive from Delhi, make it more popular. The demand for flats in Agra is on a high, majorly because of tourist footfall. After a slowdown in tourist influx due to a pandemic, the city has gained momentum once again.

Investors from across the country and in the local domicile, look for investment in immovable assets. Thus, reputed developers are showing interest in property development in Agra, which is 300km from Lucknow. A wise investment comes with perks and investment in luxury flats in Agra is no different. There are numerous benefits of investing in non-liquid assets in the city, with tourism as a staple. The white-marble monument attracts vacationers and enhances fiscal power. Thus, the qualitative lifestyle and overall development are gaining momentum here.

Reasons of investing in luxury flats in Agra an investor must know.

Minimum Fraudulence

The introduction of RERA (Real Estate Regulatory Authority) in Uttar Pradesh promises minimalistic property purchase fraud. Earlier, property purchases were anticipated to be risky, but RERA simplified the process. Developers must register their projects with the RERA authority and hold the RERA registration number. Each number is unique and validates its legal status. Thus, real estate investment is safe with the potential for capital gains.

Witnessing surge in land investment as realtors estimate high demand for luxury flats in Agra. With RERA-approval in place wealth creators do prefer the property market, as accommodation remains in demand forever.

Stamp Fee

Stamp fee plays an important role in culminating property value. However, the different stamp fees for women and men property buyers do exist. There are four scenarios,

• Firstly, the stamp fee value is 6% if an individual woman owns the property
• Secondly, the stamp fee value is 6% if two women jointly own a property
• Thirdly, the stamp fee value is 6.5% if a woman and man jointly own a property
• Lastly, the stamp fee value is 7% if a man owns a property individually or even if jointly owns a property with a male counterpart.

An Insight: Luxury Flats in Agra

Agra the city with a white-marble phenomenal structure is also a home to industries. With more businesses coming into the city, the demand for luxury flats in Agra is soaring. The upward-moving trajectory of job opportunities is inviting a workforce from pan India. Thus, the demand for residential projects is high.

After a gigantic slowdown on the income front, due to COVID, the city make a strong comeback. The perspective to look beyond businesses related to tourism brought a major shift in the lives of the locals.

The city witnesses new business establishments and skilled professionals doing well in varied arenas. Thus, the income growth on a roll, ask for minimum expense and high security. Hence, investment in flats in Agra has ascended manifold.

Connectivity eases accessibility with various expressways coming into the city. Infrastructure projects like the Agra-Lucknow Highway, the Noida-Agra Highway, the Agra Metro rail project, and the Jewar Airport, eye seamless connect to Agra.

If lucrative and passive income is on the mind, explore luxury flats in Agra nearby these projects. The property prices in proximity to these localities will rise massively once they are operational. With massive industrial setups and income growth potential, the city famous for the epitome of love will witness a sky-rocketed property prices. Hence, people will look for comfortable rental units and residential property investment will lure regular cash flow via it. Thus, investing in flats in Agra is a smart move for wealth creators.