Why We Choose Bhiwadi for Real Estate Sector ?

 

Bhiwadi - 28th Jan 2015

Bhiwadi is located is the Alwar district of Rajasthan, and is an emerging industrial destination in the NCR region. Located at just 40 km from Gurgaon, Bhiwadi is witnessing a shift from its erstwhile image as a mere industrial area to destination with full-fledged real estate viability. Being a part of the Delhi-Mumbai Industrial Corridor (DMIC), Bhiwadi is now an acknowledged as an investment zone.

Being a rapidly developing real estate destination, Bhiwadi provides a multitude of choices in terms of premium as well as affordable residential projects. Spoilt with choices, one must be very careful in buying a flat here.

Prices: Budget is a primary determinant. Within Bhiwadi property market, prices of flats are in the range of Rs 10-80 lakh. Size of these flats may range from 400-2000 sq ft. Average prices are in the line of Rs 2,000-3,500 per sq ft. Trend watchers say that with a sizeable proportion of investors realising the potential of this emerging industrial destination, reputed developers have already taken the cue. Therefore, it is not just regular homes that you would find here. Real estate seems to be branching especially with senior homes, theme homes that boast scenic view etc.

Location advantage: Upcoming locations like Bhiwadi could be strategic. Reason? Mohit Manchanda of NCR Property says, “For many young, first time buyers budget is a constraint. While they may like to invest in city centres, prices do not allow this. Bhiwadi is a good deal considering it is just a little over 40 km from Gurgaon. This is roughly the same distance between two strong established markets of Noida and Gurgaon.”

Although in most part, Bhiwadi is still industrial, it has potential. “Bhiwadi is witnessing a shift from its erstwhile image as a mere industrial area to a destination with full-fledged real estate viability. Being a part of the Delhi-Mumbai Industrial Corridor (DMIC) Bhiwadi is now acknowledged as an investment zone. Still primarily driven by its industrial sector, it encompasses the manufacturing centres of Chopanki, Khushkhera and Sare Khurd. There is considerable additional industrial development activity planned by the Rajasthan State Industrial Development and Investment Corporation,” says Santhosh Kumar, CEO- Operations at Jones Lang La Salle.

Pain areas: Ashok Meghnani, an investor in Bhiwadi says, “Public transport, waste water disposal, metro up to Bhiwadi, hospitals, educational institutes, service road on SH-25 and security are the main areas of concern. Since investors in the region are increasing, we are looking to get the basics right.”

Real estate enthusiasts like Naaz point out, “Bhiwadi along with two other areas collectively form the Rajasthan industrial triplets - Khushkhera and Neemrana have good investment potential. But the real challenge is to make it more end-user friendly.”

Despite odds, Bhiwadi’s growth seems to be catching up with other cities of the NCR.

Source: magicbricks.com

 

Free Site Visit
Call : 995 300 6250

Book Now!!!  Krish City in Bhiwadi
Ready to Move 3 BHK Residential flats.

Hot Properties

Hot Properties Hide