Comparison between Bhiwadi and New Gurgaon Real Estate. Where to Invest

 

Bhiwadi - 6th Jan 2016

Bhiwadi Property, in Rajasthan's Alwar District, is increasing Industrial hub near Delhi and NCR region. Because of proximity to the capital city and relatively affordable plots is a hot destination for real estate plans and for people, who hunt for lower priced properties.

Some industries have set up shops in the region near Bhiwadi such as Neemrana, Dharuhera, Tapukhera, Khushkhera, Chopanki and Bawal. It locates 55 km from Delhi's Indira Gandhi International Airport, 200 km from state capital Jaipur, 90 km far from Alwar, 40 km from Gurgaon, 60 km away from Faridabad and 5 km far from NH-8 (Delhi-Jaipur highway)on Dharuhera Sohna Road.

Bhiwadi Property In Focus

Numerous industries such as steel, furnace, electronics, engineering, textiles, pharmaceuticals, printing, cables, rolling mills, herbal care, food processing are sprouting up in the city. Good connectivity and upcoming industrial project shape Bhiwadi the future.

Although, a lot of possibilities notice in Bhiwadi when compared to Gurgaon, it would still consume a lot of time to stand parallel to Gurgaon. Although many industries are coming in the area, connectivity is still a problem. Which is a debacle for the city and needed to improve much more.

When we ask Manoj Yadav, owner of MJ Properties, about the details of sluggish growth rate, he said, “In following 5-7 years, Bhiwadi would be in league with Gurgaon. Presently the scale of Industrialisation in Gurgaon is very high, however,Bhiwadi is yet to get closer to the growth process. People like to settle in an area where they work and for now Gurgaon is that place but Bhiwadi is not far behind.”

Real estate projects in Bhiwadi considerably chea when compared to Gurgaon or Delhi. Average ticket size of an apartment in Bhiwadi costs between Rs 2400 and Rs 3500 per sq. ft. Affordability factor tilts the odds significantly in Bhiwadi’s favour. On plus side, the return on investment in the tune of 8-12% annually, making projects attractive for end users and investors alike.

With change in government, number of modifications are anticipated in real estate situation of Bhiwadi. Arrival of Vasundhra Raje led BJP government in state would ensure industrialization or as Manoj said, “Vasundhara Raje has special place for Bhiwadi in heart. Thanks to her, we have Honda industry here. Thus, we are hopeful with change in government a lot of good work will occur in real estate scenario of Bhiwadi.”

Bhiwadi Real Estate Conclusion :-

Yes, development of Bhiwadi into force reckoning will take some time. Bhiwadi’s name will soon take in same breath as Gurgaon, Delhi and Noida but only couple of years down line. End users and investors should keep time horizon of 3-4 years to gain benefits Bhiwadi has to offer. The future aspects bright and promising for Bhiwadi and people watching to invest in region. Bhiwadi, without any shadow of doubt, should feature on Investors agendas.

 

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