Bhiwadi is
becoming the next important place of investment for the real estate developers.
It is offering itself to be a safe destination for real estate development,
compared to some other markets in India. Many places in North India are engaged
in land acquisition issues which keep on the investors waiting. This is
not the case with Bhiwadi, so realestate developers in Bhiwadi have found out a place which will give a good
return on their investment.
Some Statistics
Revealed
The investors in
Bhiwadi are receiving great returns compared to other real estate developers in
rest of India. Those properties that were rated
at Rs 1700 per sq ft in 2007, they went
up to Rs 2200 in 2012, and by this year
it is already Rs 3100 sq ft.
Advantages
Bhiwadi’s
property market has several advantages. Its strategic location supports the
growth of various industries. The location has a good connectivity with the
eight-lane road to Gurgaon on one side and Jaipur on the other. Low property
rates, new infrastructure, low cost of living, less population and even lower
pollution levels are some of the many reasons which prompt people to choose
this place. It is also part of 2021 National
Capital Region Plan, so more growth is expected in the coming years.
A Quick Glance
·
Bhiwadi is a safe area to invest as there is no land related controversies here.
·
As the ticket size is small, one can easily exit
the market if situations are not favorable.
·
Since 2007, the appreciation has almost seen a
100% growth despite an overall slowdown in the real estate sector.
·
Property prices are still very low, in spite of
huge demand.
Investments In
Bhiwadi
Bhiwadi promises to be
the next commercial hub after Gurgaon. As
many as 27 developers till now, have invested in Bhiwadi. Rtech group is one of them. They are very
prominent developers in Rajasthan who
have come up with wonderful commercial projects in Rajasthan, earlier. Now,
they have chosen Bhiwadi as their next investment area. R-Tech Capital Highstreet and R-Tech
Capital Galleria are two of their highly
prestigious commercial investments in this place. R-tech BDI Capital Greens is a highly anticipated residential
property from them, which is still under construction.
Omaxe Limited has
started working on setting up an Export
Processing Zone whereas RIICO has developed 15 industrial areas which house 300
large and medium scale manufacturing units. Uppal Group is also investing in
two SEZs. For shopping, Parsvnath and Ashiana have invested in two shopping malls
ranging from 2800-5500 square feet in area.
Bhiwadi’
proximity to Delhi and Gurgaon has been responsible for its commercial growth. Ashiana
Housing and Parsvnath, on the other hand,
are investing in residential real estateprojects in Bhiwadi. Ashiana Housing has completed 1300 units on six
different projects. MTech Developers, Camellia Garden Estate and Piyush Group
and Reliance are also not far behind. Various under construction projects make
Bhiwadi boast of its growing real estate sector.
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