Down but not out Real Estate Sector

 

Bhiwadi - 13th May 2016

Down but not out

With stagnant prices, delayed projects, slow sales and reluctant buyers the realty outlook for several lesser known micro markets of NCR has not been very positive over the past couple of years. So while in spite of a slowdown and delayed projects Bhiwadi, Neemrana, Gurgaon, SohnaGreater Noida, Yamuna Expressway, New Gurgaon, etc have managed to remain on the buyers’ radar, others like Bahadurgarh, Manesar have failed to live up to their potential.

There are a number of factors that will ensure growth of residential segment in this town over the next five years. “Situated in close proximity to both Gurgaon and New Delhi, Bhiwadi has the potential of being the hub for the value and affordable housing segment in this area.

Key market drivers

The expressway is set to be the single major catalyst of residential and commercial development in this region.

The presence of a large number of industries and educational institutions are the other favourable factors for housing demand in the city.

The quality of life will also be good in Bahadurgarh as it is moving towards planned urban growth

With a detailed development plan in place and better connectivity and industrial growth and availability of affordable and good quality housing, realty scene here will not be under the cloud of slowdown for long.

 

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