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studio apartments in agra

Agra is a world UNESCO heritage site with one of the Seven Wonders of the World named Taj Mahal. The city nestled amidst hills has over 300 km distance from Lucknow. It is a city with high tourist footfalls that call for accommodation. Thus, the demand for studio apartments in Agra is massive among investors. Not locals, but investors from pan India lure towards the potentially high business growth here. Thus, we let you know key points about investment in the city of Uttar Pradesh.

Top Reasons for Investment in Studio Apartments in Agra

Call them benefits or reasons, profitability is the key for all investors. With home to one of the architectural masterpieces, the city has a lively ambiance. There is robust infrastructure, healthcare, and scenic views to embrace. Below we list the top reasons for property investment in the city that is reachable via a 4hr drive from Delhi.

1. RERA and Other Legalities

RERA, the Real Estate Regulatory Authority is the legal body in the state of Uttar Pradesh called to maintain transparency in work. The Government-regulated body ensures no fake property deals or investor hindrances. To ensure safe and secure property deals, realtors have to register with the authority.

Once the realtor is registered his/her upcoming projects in the city have to be RERA registered. It offers a legal certificate to the immovable asset. Hence, investment in luxury studio apartments in Agra is safe.

2. Stamp Duty

The Stamp Duty value is a bit higher in Agra in comparison to other states. The different stamp duty value across Uttar Pradesh is a reason for the same. The stamp duty for female owners stands at 6 percent, while their male counterparts have to pay 7 percent stamp duty. Parallel to this, if a property is jointly owned by a male and female then the stamp value stands at 6.5 percent. Similarly, if the studio apartments in Agra are owned by two females, the payable stamp duty is 6 percent. Going forward, the property ownership by two male individuals, then 7 percent is the value of stamp duty.

Studio Apartments in Agra and Property Market Overview

Agra also experienced the repercussions of the pandemic wave as property purchases recorded a low. However, the city did emerge out of the setback slowly but steadily. UPRERA data shows an increase in property registration since 2022. Thus, the demand for property registration has gained momentum which is continuing. Now that the COVID wave is over, the tourism industry is back on track. Hence, the demand for accommodation is witnessing a surge.

Agra city is mainly into tourism, manufacturing, food processing, and pharmaceuticals. In short, the city calls is more into industrial business. Hence, there is a majority of the migrant workforce constantly coming into the city. Thus, the lucrative rental income is easy to reap from studio apartments in Agra.

Ways to Invest in Studio Apartments in Agra

Budget is the main thing when it comes to property purchase and investment in studio apartments in Agra depends on it.

With expressway connectivity and high tourism, investing in luxury studio apartments in Agra is like securing the future. There are several well-positioned localities in the city to discover. Locations may differ but ownership of property in Agra is an investment one must look forward to.

RERA Approved
Ananda Phase 2 Agra

Ananda Phase 2 Agra

by Shanti Ananda

Independent Floors

80ft Rd opp Kamayani Hospital, Bhawna Estate Rd, Sikandra, Agra

22.50 lakhs onwards*

RERA Approved
Ansal Town Agra

Ansal Town Agra

by Ansal Housing

Plots

Shamshabad Road, Agra

9250 per sq. yd onwards*

RERA Approved
Luxe Paradise

Luxe Paradise

by O P Chain

Apartments

Taj Nagri Phase - II, Fatehabad Road, Agra

32.5 lakhs onwards*

FAQs

Ans: Visit, the UPRERA website to find the RERA registration number.

Ans: Discover the property market of Agra for detailed information.

Ans: There are many localities in the city for property investment.

Ans: For this, get in touch with our sales manager.

Ans: The city police are always on patrol and ensure minimum chance of unfortunate incidents in the city.