10 Realty Facts That Make Bhiwadi the Next Big Real Estate Investment Opportunity in Delhi-NCR

 

Bhiwadi - 16th Mar 2016

10 Realty Facts

Well acknowledged as the Gateway of Rajasthan, Bhiwadi is one of the developing industrial town located in the outskirts of Delhi and is approximately 40 kilometers away from the Millennium City of Gurgaon. It’s transformation from a small blip on India’s map into one of India’s biggest Industrial corridor is nothing short of a fairy tale and is awe inspiring. Also, being a part of the Delhi-Mumbai Industrial corridor (DMIC) ensures that Bhiwadi is now viewed as an investment zone with full-fledged real estate viability.

  • The inception of National Capital Region Transport Corporation (NCRTC) to develop transit systems between Delhi and Alwar is a major development that works in Bhiwadi’s favor.
  • Bhiwadi’s connectivity with Delhi and Gurgaon has improved significantly in recent times. The Delhi-Jaipur National Highway (NH8) has taken the pain out of commuting to Bhiwadi from Delhi-NCR.
  • People employed in the industrial belt and people of Delhi-Gurgaon looking for affordable housing schemes are investing in Bhiwadi.
  • NCR 2021, states that Greater Bhiwadi Complex (GBC) will witness 128 housing sectors and feature schools, dispensaries, commercial complexes, park, stadiums and community centers.
  • Honda, Gillette, Lafarge and many other prominent firms have setup their manufacturing hubs in Bhiwadi and are looking to expand rapidly. A lot of other firms are expected to follow suit and make Bhiwadi their primary manufacturing hub.
  • The proposed bullet train and metro connectivity will improve Bhiwadi’s prospects even further. Add to it the improving by the second infrastructure of the region and we have a winning combination. Government has realized Bhiwadi’s potential and has taken strides towards improving its civic and social infrastructure.
  • Bhiwadi has seen 20 to 30 per cent appreciation in last 2-3 years on an average and this appreciation is expected to go high in coming years. Property analysts believe the expected price appreciation in the next couple of years is somewhere in the range of 60-70 per cent which actually would be a case study in today’s otherwise stagnant property market.
  • Bhiwadi is also witnessing significant growth in office and retail spaces. Torrents of office complexes, shopping malls and multiplexes have come into existence in the heart of Bhiwadi recently, making it a holistic place to live in. V Square Mall, Sky View Towers, BB Mall and Ganpati Plaza are just some of the prime retail-cum-office projects positively changing Bhiwadi’s landscape.
  • Real estate projects in Bhiwadi are considerably cheaper when compared to a Gurgaon or Delhi. The average ticket size of an apartment in Bhiwadi ranges between Rs 2400 and Rs 3500 per sq. ft. The affordability factor has tilted the odds significantly in Bhiwadi’s favor. On the plus side, the return on investment is in the tune of 8-12% annually, making the projects attractive for end users and investors alike.
  • The Rajasthan Industrial Investment Corporation (RIICO) has developed 15 industrial areas in Alwar district, which support over 300 large and medium-scale manufacturing units. Omaxe Limited has announced plans to set up an export processing zone (EPZ) and a multi-products SEZ project in Alwar district, near Bhiwadi.

However, on ground work needs to be speeded up further to ensure a balance between growth, population increase and urbanization takes Bhiwadi on the top of the realty pyramid. It is affordable at the moment, and no longer seen as the poor cousin of Gurgaon-Manesar. If the growth projection is any indication, Bhiwadi may turn out to be a case study in how a tier-II city can be channelized as the investment magnet.

 

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