Bhiwadi is on Radar of Investor Due to Rapid Development

Bhiwadi is located the Alwar district of Rajasthan and is arising as a new industrial destination in the National Capital Region (NCR). Located at just 40 km from Gurgaon, this city is witnessing a shift from its recent picture as a small industrial area to a destination with fully developed Real Estate viability. Being a part of the Delhi-Mumbai Industrial Corridor (DMIC), Bhiwadi is now an acknowledged as an investment zone. Still mainly driven by its industrial sector, Bhiwadi circumscribes the manufacturing centers of Chopanki, Khushkhera, and Sare Khurd.

There is an enormous amount of extra industrial development exercise planned by The Rajasthan State Industrial Development and Investment Corporation (RIICO). Most excellently located along the borders of Rajasthan and Haryana, Bhiwadi has been observing developing connectivity with Delhi and Gurgaon, which has mirrored favorably on property in Bhiwadi. Due to the relatively affordable land prices, increasing housing demand and excellent connectivity afforded by the Delhi-Jaipur National Highway (NH-8), there has been an explosion in new residential housing projects providing primarily to the people employed in this industrial region. As well as for people looking for reasonably-priced properties around established centers of Gurgaon and Delhi. Malpani adds Delhi-Mumbai Industrial Corridor (DMIC) passes through various existing industrial clusters and towns and cities that are likely to become investment hubs. Bhiwadi, Ghaziabad, and Jaipur see the impact of this corridor. Moreover, all the identified cities are also witnessing the consequences of the industrial development in and around the regions. Additionally, property prices in these cities are relatively affordable.

As a result, Bhiwadi has captivated the attention of variously regarded developers primarily providing affordable residential and commercial projects, with only a scattering of premium projects. The average ticket size for property in Bhiwadi is between Rs. 2400-3500/sq. ft., and the annualized gratitude to the tune of 5-10%, which is steady with the overall market gesture of NCR. Apart from rapid residential development, Bhiwadi is also witnessing growth in retail and office spaces that means commercial properties. For instance, Bhagat Singh Colony – the affluent residential area of Bhiwadi – is also turning into a retail and business nerve center. Multiplex-cum-shopping Mall in the city V Square Mall, located on Bhiwadi-Alwar Highway. The mall-cum-office complex BB Mall, Sky View Tower, and Ganapati Plaza are future developments on the retail real estate front in this region.

The government of Rajasthan working towards improving the social and civic infrastructure of Bhiwadi after realizing the potential of this corridor. Bhiwadi’s infrastructure is developing very quickly, with various ongoing projects on the anvil. The proposed Bullet train and Metro connectivity will further improve Bhiwadi’s Real Estate investment allure outcome. As a result, Bhiwadi is firmly on property investors’ radar and the best choice for the property buyers.

Rahul Kumar has an excellent Knowledge about investment in Indian Real Estate industry. He passionate about writing about Real Estate market and investment for more details you can check out his latest articles on http://www.buyproperty.com/articles.