A safe market for end-users and investors

 

Bhiwadi - 13th May 2016

safe market for end-users

As compared to some high-profile micro markets in North India, where land acquisition issues have made the investors wait endlessly, Bhiwadi is a relatively safer destination for investment.

When it comes to real estate, it is often said that the important factors are \location, location and location', says Pranay Vakil, chairman of Praron Consultancy. “However, if you have the ability to spot an upcoming location correctly, you can hit the jackpot. The appreciation in prices that an upcoming or future location can give you, is no match for an established location. I think Bhiwadi falls in this future location,” maintains Vakil.

For Investors

For investors, Bhiwadi has provided exceptional returns, at a time when there has been a correction, in many of the established markets in the neighbourhood. Properties that were available at Rs 1,700 per sq ft in 2007, in Bhiwadi, appreciated to Rs 2,200 in 2012 and by 2016, these further appreciated to Rs 3,100 per sq ft.

With several infrastructure projects in the pipeline, including the Delhi-Mumbai Industrial Corridor (DMIC, which will pass through Rewari, 25 km from Bhiwadi), analysts are expecting another rally in the property market. Moreover, if the economy improves and boosts overall demand, Bhiwadi could turn into a goldmine for those entering now.

Advantage of Bhiwadi

Bhiwadi’s property market has several advantages — it is strategically located, has a supportive industrial climate and is affordable owing to cheaper land cost. Neeraj Bansal, partner —real estate and construction, at KPMG India, states that the location has a good connectivity, with the eight-lane road to Gurgaon on one side and Jaipur on the other side. Other factors that make it interesting for investors, are low property rates, new infrastructure, low cost of living, low population density and low pollution levels.

“Bhiwadi is home to a large number of industrial units and enjoys proximity to all major towns of the National Capital Region (NCR). Being part of the 2021, National Capital Region Plan, Bhiwadi has of late, witnessed increased residential and commercial activity. Many real estate players are launching projects here.

 

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