What Should you Check for before Investing in Real Estate Projects in Bhiwadi?

Real estate is booming at a massive rate in the land of 1.3 billion people. It is because of the rapid developments taking place in the country which has enhanced the living status of numerous people. One of the most basic necessity of humans after food and clothing is that of the house. But, at the current prices, it is quite difficult to buy a decent home in the metropolitan cities like Delhi, Chennai, Mumbai, Bangalore. It is where the nearby towns like Bhiwadi come into play. Bhiwadi is currently in a rapidly developing state and is expected to see massive development in the future. There are a large number of real estate developers in Bhiwadi that are providing affordable homes to the people. But, it is necessary to know what to expect from them. Here are some of the things that you need to know about the same.

Project in well-developed location

It is necessary to know that the project is located in a well-developed location. It is necessary to verify that the project has the basic amenities of the life at a close distance. This comprises of connectivity with roads and railways. Apart from that the shopping centers, schools, colleges, hospitals, etc. must be situated in close vicinity to the project. It will be helpful in the long run as you do not need to travel longer destinations to meet your needs.

Safety and security

This important factor must also be kept in mind before proceeding further. The project must be located in a safe and secure location which do not face the problems of flood and drought or any other natural calamities. It must be designed in such a way to be resistant to earthquakes. This will ensure your safety even in the case of earthquakes. It must also be guarded properly and 24*7 surveillance facility must be provided. It must be so designed that no threats are possible.

Free from legal problems

The proper background check of the project must be done to ensure that the project is free from any legal problems arising due to pending loans or any family matters. Apart from that, all the documents must be properly passed by the different authorities and proper no objection certificates must be issued by them.

Proper documents

The proper documents of the project must also be checked and verified. This will make sure that the undergoing project does not face any problems. This, in turn, will provide you with a chance to claim your ownership on the projects.

The reputation of the developers

It is quite necessary to know about the reputation of the developers in Bhiwadi. This will ensure that you do not face any problem with the project completion date and get your project delivered in time. 

A Sneak Peak Into The Upcoming and Current Real Estate Projects in Bhiwadi for 2017

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.

What Makes Bhiwadi Safe Bet For Realestate Investors

Real estate business is at hike in present scenario. Government’s policies, bank credits, and the smart city project is projecting all the right signs for real estate investors to take their business forward. And so, the investors are in the pursuit of feasible options to flag their business at and provide reasonable choices to prospective buyers. One such feasible option is Bhiwadi, a small town in Rajasthan located in close proximity to IT hub, Gurgaon. Presently, it is the fastest growing region for real estate developers and so flats in Bhiwadi for sale are plenty in number.

Reasons That Make Bhiwadi A Safe and Profitable Choice for Investment

There are a number of factors that make a town ideal for buying properties in, such as location, population density, current appreciation, return rate and so on. And luckily, the home seekers can find all of these positive prospects in the 5000 (approx.) acres town, called Bhiwadi.

Some noteworthy factors that make Bhiwadi ideal for property investment are:

1.    Location

Bhiwadi is situated in Rajasthan, just 40 km from Gurgaon and 70 km from New Delhi. It is settled at the well-connected and properly maintained National Highway no. 8 and provides hassle free connectivity to nearby cities. Bhiwadi is also well connected to Manesar in Haryana, which was recently declared to be renovated as a smart city by government of India under the smart city mission.

Its location makes it ideal for business investors as well. As a matter of fact, Bhiwadi boasts of a number of small, large and medium-sized industries such as that of steel, printing, food processing, herbal products and so on.

2.    Affordable Houses

Looking at prospective business, the city has seen immense investment in housing in the last decade. Infact, the pricing of houses in the city are marked to be lowest in the market. Presently one can find a range of houses in the town, from 15 lakhs to over a crore. All built with modern grace, the houses act as a great option in comparison to its costlier counterparts, such as the houses in Gurgaon and New Delhi.

3.    Connectivity

The city is well connected to major cities. It falls under Delhi Mumbai Industrial Corridor (DMIC) – Rajasthan and is just perfect for investment in current state. The proposal of metro project and bullet train makes it favourable as well. It has connectivity of 8-lane road to Gurgaon on one hand and on the other to Jaipur, two well-known major cities of Haryana and Rajasthan respectively.

4.    High Rate of Appreciation

In the last few years, the appreciation rate was a commendable 30-40% and is likely to increase to a praiseworthy 70%. This turns the ball in Bhiwadi’s court and makes it just perfect to buy a house in or to build an empire over here.

5.    Projects and their Investment

Rajasthan Industrial Investment Corporation (RIICO) is investing a great lot of money in building amenities like shopping complexes, schools, water, and power, etc. On the other hand, NCRTC is all set to strengthen its transportation by planning out schemes in this regard.

In all, the city has a bright future in all aspects. While it has seen a commendable growth in the last decade, it is due to see more in the coming few years given the present promising situation. Already, the infrastructure of the town is well managed and admirable, providing all the comforts one seeks for while settling in a city. Thus, Flats in Bhiwadi for sale are a good pick for discerning home seekers and investors. The return rate too will make the investment a safe and profitable bet for future.