Buying a Property in Bhiwadi is a good idea !

 

Bhiwadi - 12th May 2015

Though many buyers’ interest in Bhiwadi comes from Delhi NCR, we cannot say that the entire national capital and its suburban areas are convinced in investing in Bhiwadi. There are many reasons to why making an investment in Bhiwadi seems a good idea.

Bhiwadi Properties

The region seems to be capitalising on the need of affordable homes in India. The real estate market in Bhiwadi has come a long way in the last 10 years. Considering the land bank available and its comparatively affordable rates, developers across the country are keen in the region. From the buyer’s end it also appears to be a positive factor since they have the advantage to own a home at affordable prices near Delhi NCR especially compared to Gurgaon, Noida, Faridabad, etc., considering that the city is still developing.

Housing options available

Bhiwadi is witnessing construction of several projects. The real estate market is offering a wide array of property types such as plots, apartments and villas. The data with Magicbricks shows that, the city offers a properties starting at Rs 17 lakh. Residential units such as 2BHKs are available within the up to Rs 25 lakh, 3BHK units are available within the price range of Rs 30-45 lakh while 4BHK units can be found within the price bracket of Rs 45-55 lakh.

“With improving connectivity, expanding cities and rising property prices, more and more home buyers are looking at places close to metro cities. Developers are also betting big on such locations. Bhiwadi offers guaranteed returns. This is mainly because the area has the highest demand and supply match. Located at the east end of Rajasthan, the area has evolved as a potential destination for real estate development,” says Dinesh Verma, MD, Wealth Amplifier Infratech Pvt. Ltd.

Does Bhiwadi have a scope of property price appreciation?

The city is spread across nearly 5,300 acres and has around 2,700 big and small enterprises that includes industries such as steel, furnace, electronics, engineering , textiles, pharmaceuticals, printing, cables, rolling mills, food processing , herbal care units, etc.

“It’s close to the IT city of Gurgaon and with the formation of the new industrial corridor, the place is seeing manifolds of development in the residential, commercial and industrial sectors,” says Mr. Verma.

“Due to all these advantages this place has attracted a lot of industrial activity and is presently witnessing a robust development. That changes and development led us to start our new project in Bhiwadi,” he adds. Also, the Bhiwadi is just few kilometers away from Manesar, an emerging industrial belt which another reason that has pushed many developers to start their projects here.

Capital appreciation in Bhiwadi in the last five years has almost been double. If we go by the past trend, it has been projected that property prices can triple in few years.

Going by the above stated facts, figures and opinions, it is safe to conclude that putting money in a residential unit in Bhiwadi will be a safe bet.

 

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