Bhiwadi is leading towns in NCR in terms of growth in Industrial, Commercial Real Estate and Residential Real estate sector. They are located in the south-west part of NCR near Gurgaon. Bhiwadi, Sohna fall under DMIC (Delhi-Mumbai Industrial Corridor) and Manesar is the industrial hub of Haryana which has many automobile industries. This is one major factor which has caused demand for housing and infrastructure. So for long-term investment point of view investment in real estate in these towns is considered a good option by many builders and developers. The 135 Km KMP (Kundli-Manesar-Palwal) Expressway which meets NH-8 near Manesar and two state highways near Sohna will ease the connectivity of these area furthermore.
Connectivity and Infrastructure
Bhiwadi is referred as ‘Gateway of Rajasthan’ and is located in Alwar district of Rajasthan situated about 40 Kms from Gurgaon. It has excellent connectivity with Delhi due to NH-8 and with Faridabad due to the state highway. The connectivity will get a boost with the proposed regional rapid transit system (RRTS) from Delhi to Alwar (180 km) and the proposed Kundli-Manesar-Palwal (KMP) expressway. FDI (Foreign Direct Investment) inflow has also increased in this area. Seven National Investment and Manufacturing Zones (NIMZ) have been proposed along the Delhi-Mumbai Industrial Corridor (DMIC), of which one is at Khushkhera-Bhiwadi-Neemrana belt. The proposed Neemrana airport is also in vicinity of Bhiwadi. Dharuhera-Bhiwadi bypass road has become operational making commuting easy from Delhi, Gurgaon and Jaipur.
Manesar has easy connectivity due to NH-8 which has many industrial townships around. It is near to new sectors to be developed as per Gurgaon Master Plan. The industrial demand has increased in Manesar for the past 5 years which is creating a huge demand of housing sector and infrastructure. IMT (Industrial Model Township) Manesar has played a crucial role in infrastructure development. Manesar has lot of automobile industries like Toyota, Mitsubishi, Honda and Maruti employing more than 40,000 workers because of which there is a high demand of affordable housing, but the available housing units in this segment are very less in number.
Sohna is a town in Gurgaon district of Haryana. It is located at approximately 25 km from Gurgaon and Faridabad, while Delhi is at around 55 km away. A number of residential, commercial and industrial projects are coming up along Gurgaon-Sohna Road has made Sohna the next preferred destination for residential real estate. Through national highway 8, the area is directly linked to areas such as Bhiwadi, Manesar and Jaipur. The planned IMT Sohna is also likely to become the next big industrial park in the region after IMT Manesar and IMT Faridabad. The Southern Peripheral Road, that links NH-8 to Golf Course Road and South Delhi, is currently under construction which will also increase the ease of access.
Real Estate
With good civic amenities and infrastructure availability and wide range of investment options like plots, villas, apartments etc., Bhiwadi lured many investors and developers. There are many projects along Papari Road (Alwar bypass road) road like Konark Oasis, Ashiana Gardens, Kajaria Gardens and Aravali heights along Dharuhera bypass road. Many new projects are expected to come up in these areas especially on Alwar bypass road with the huge demand because of connectivity, Infrastructure and industrial development. The current sale price in Bhiwadi town is in the range of Rs 2000-2500 per sq ft.
IMT Manesar has created a huge demand of residential real estate in Manesar. HSIIDC (Haryana State Industrial & Infrastructure Development Corporation) was not successful in fulfilling the housing demand of the area. Many projects like Unitech Karma lakelands, DLF City, DLF Express Gardens, Anant Raj Madella have also offered an investment opportunity and are also destination for end-users. The current price in Manesar is in the range of Rs 5000-7000 per sq ft.
Many reputed developers like Tata Housing, Raheja, Gold Souk, Parsvnath, Godrej, IREO, Central Park, Universal, and Paras are coming up with their new projects in this region. Raheja Developers has launched Aranya, an integrated township close to IMT Sohna while Gold Souk is planning to launch Gold Souk Golf Links. Unitech Group has a number of projects like Uniworld Garden 2, South Park, South City 2, Unitech Sunbreeze, Unitech Vistas, Nirvana Country 2 and the Residence along the main Gurgaon-Sohna Road. The proposed infrastructure continues to add value to the emerging new realty hotspot of NCR making it favourable for long-term investors. Properties are available at a price range of Rs 4000-7000 per sq ft.
All these three towns have good potential for real estate development in the terms of both residential and commercial. This demand is caused by all these infrastructure and industrial developments which are happening and are planned in these areas