Bhiwadi: A Promising Realty Destination

Bhiwadi, touted as a gateway to Rajasthan andsegment of the city but is more discernible in retail
bordering Haryana, is a major industrial growth centrearena. Citing the reason for sudden real estate
in the NCR. With already more than 2500 operationaldevelopment in Bhiwadi, property consultants
industries, it is attracting more and more industrialistsattribute it to:
from Delhi, Gurgaon, Punjab and other parts of the-The Government's plan to develop Mumbai-Delhi
country.industrial corridor where Bhiwadi will fall under phase I.
 -Another reason is believed to be the entry of
Gone are the days when Bhiwadi that falls in Alwarseveral new multi-national companies in and around
district was looked at as a sleepy hamlet. It is bustlingBhiwadi that has acted as a catalyst.
with a lot of real estate activity in both residential 
and commercial segments. One of the mostWith the development of real estate in Gurgaon few
significant reasons that attracted propertyyears back, Bhiwadi started gaining visibility. And this
developers is its strategic location advantages. It islead to a tremendous increase in property prices as
situated close to Delhi and Gurgaon, both importantthe land that cost Rs 20 lakhs/acre then jumped to
real estate hubs of the country. It is well connectedRs 1 crore/acre and is sure to double. The continuous
to Delhi by National Highway and is quite close togrowth of industries has naturally accelerated the
Indira Gandhi International Airport as well.demand for housing in the city, thus, giving a boost
 to its residential sector. Despite being a small town,
Manesar, which lies between Gurgoan and Bhiwadi, isBhiwadi offers huge return on investments in
another major industrial town with IT parks andcommercial property due to its strategic location
proposed SEZs (Special Economic Zones). Since,advantage. In retails segment, it has emerged as a
prices in Gurgaon property market are extremelybustling industrial township with at least 25, 000
high, service class people are left with no choice butprofessionals travelling from Delhi, Gurgaon and
to go to nearby regions like Manesar and Bhiwadi.Rewari on a regular basis to work in around 2,500
Thus, to accommodate the housing needs ofsmall, medium and large industries of Bhiwadi.
professionals working in Gurgaon, Bhiwadi realty is 
being developed rapidly. Further, with so many peopleIt is believed that town infrastructure would get a
settled in both Bhiwadi and Manesar, Bhiwadi isfurther boost with planned and aggressive initiatives
successful in pulling industries to the city.by the government. Both property investors and
 property developers look positive about the future
In the given industrial scenario, population of Bhiwadiof Bhiwadi as the proposal for railway station and
is expected to double in few years. In order to meetbypass has been sanctioned. Within 2-4 years,
the existing demand and accommodate the growingBhiwadi will be connected to Rewari by a broad
population, residential property in Bhiwadi needs to begauge rail link and a bypass will connect NH8 and
developed rapidly. To initiate this, various privateSohna Road. Moreover, the state government has
property builders like Ashiana, M-tech, Piyush group,allowed pumping in of Rs 4 crores to develop a
Kajaria, MVL, Bhaskar BDI along with leadingcommercial complex in the city.
developers like Parsvnath, Omaxe, etc. areA focal point between all-important existing and
developing integrated townships. These group housingupcoming industrial towns of Manesar, Dharuhera,
projects are being developed along the Alwar-BhiwadiNeemrana and others, Bhiwadi is on a fast track.
Road, the nearest and most affordable destination.Bhiwadi real estate offers great investment
The price appreciation has already begun in residentialopportunities by being a promising realty destination.