Located at just 40 km from Gurgaon, Bhiwadi, is a part of
the Delhi-Mumbai Industrial Corridor (DMIC) and an emerging industrial and
residential destination in Rajasthan. Bhiwadi, located at a prime spot, bordering
Rajasthan and Haryana is today a favorable hot spot for the realty market. If
you are looking for an affordable destination for investing in residential real
estate, then Bhiwadi, located on NH-8 is a perfect option for investors in the
National Capital Region.
Presently, a total number of residential units being constructed
by the Bhiwadi Real Estate
development is around 8,500 and as a number of upcoming projects is also
waiting on the cards, there will be no dearth of affordable housing in this
Smart City. The first 20-km stretch of the Bhiwadi-Alwar Bypass Road is
presently the biggest hub of the commercial activities, and major realtors like
GTB Florenza are proud to build their residential project in the Smart City of
sector 120. However, with a constant demand for housing, the current property
prices between INR 2,300-INR 3000 per sq. ft are bound to increase in next
three to five years.
Unlike other developing cities in the NCR, Bhiwadi is a
Smart City with reliable electric connections and water supply, and
subsequently, it is very well placed for rapid future development. Most Bhiwadi property development activity
is centered on the Bhiwadi-Alwar road. With improved civic infrastructure, and
more amenities, this city will develop rapidly into a pulsating town.
Today, property in Bhiwadi can be purchased
for INR 15 Lakhs up to INR 70 Lakhs. However, industry experts believe that the
property prices will revise soon and investors will gain a windfall on their
investment in Bhiwadi. So, if you are toying with the idea of investment in a
residential project in the NCR, then Bhiwadi real estate is certainly a good bet.
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