Bhiwadi, often touted by investors and realtors as the
gateway to Rajasthan, is today a Smart City, and quickly emerging as a real
estate and industrial hub in the NCR. This, erstwhile non-descript township is
today the first town of Rajasthan to be included in the Delhi-NCR region. It presently
spreads over a total area of 5300 acres. With more than 3000 Bhiwadi Real Estate residential and
industrial projects of all sizes, and new projects to join in, Bhiwadi is now a
coveted destination for both real estate investors and home buyers, alike.
According to industry experts, Bhiwadi is on its way of
setting a benchmark in terms of exponential industrial and residential growth,
and as a result, this city has garnered attention from numerous reputed
developers in the affordable housing segment projects, with only a few luxury
projects. The average price for an apartment in Bhiwadi is INR 2,400-3,500 per
sq. ft, with an annualized 5-10% appreciation, which is steady with the market
dynamics of NCR. With several major civic and infrastructural projects
underway, such as, a dedicated freight corridor, new railway network, World
Trade City, a Special Economy Zone, an independent airport and the most
ambitious Delhi-Mumbai Industrial Corridor (DMIC), Bhiwadi’s profile in the NCR
will be further boosted in the coming times.
Being, at a strategic location, with improved
infrastructure, the township has opened numerous opportunities for affordable
housing, as well as, the necessity of retail and hospitality sector development,
and subsequently, Bhiwadi property prices
will soon witness an upward trend. However, at current pricing trends, people
seeking to purchase property in Delhi-NCR; will find the Smart City property in Bhiwadi as an ideal investment
destination. The Smarty City located in sector 120 offers energy efficient and
compliant homes with provision of rain water harvesting and self-sufficient
area.
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