Why Bhiwadi is getting a lot of attention from developers and investors

Property in Bhiwadi is modernizing fast and has all the lifestyle facilities of a city. The town is spread over nearly 5,300 acres, and houses around 2,700 big, medium and small scale industries. They include industries like steel, furnace, electronics, engineering, textiles, pharmaceuticals, printing, cables, rolling mills, food processing, herbal care units, etc

Bhiwadi is only a few kilometres away from Manesar, an emerging industrial and real estate hub adjoining Gurgaon, which has brought the attention of investors and buyers on this bustling township.

When compared to other areas of the NCR, the prices in Bhiwadi are still reasonable. "As Bhiwadi is on the highway and its infrastructure is improving by leaps and bounds, it is emerging as a place for people who cannot afford homes in Delhi or Gurgaon. Although it is 70km from Delhi, it does not take too long to traverse either way owing to the excellent connectivity it has with the national capital “Devinder Gupta, the managing director of DGS Realtors, says.

Bhiwadi is a typical Tier II city and gives value for money to the investors and the buyers alike. Newly-constructed apartments here are generating a lot of buzz, as they offer multiple options to the middle class people.

The big advantage of projects in Bhiwadi, and for that matter places on or near NH-8 , is the ease of connectivity. The place has attracted a lot of industrial activity and provided scope for a boom in real estate. Another plus point of Bhiwadi is its flawless water-supply system. When compared to Gurgaon, the prices are very reasonable in Bhiwadi property. It offers better facilities at a much more affordable price to the middleclass people compared to Gurgaon, Noida, Faridabad, etc," Ajay Agarwal, the director of Avalon Group, says.

The rapid industrial growth coupled with good connectivity has made this place very attractive to people interested in real estate. With affordable prices, well within the reach of the middle class, Bhiwadi will give good returns in the long term.

The expected movement of various companies too will boost the real estate market in Bhiwadi and Manesar, and thus provide good appreciation. As people start moving into these companies the need to have house near their place of work will become imperative, which will also help in boosting the rental values.

Devinder Gupta says that Bhiwadi is leveraging on its location advantage. Industrialists from Delhi, Punjab and other parts of India have set up base here. The Rajasthan Housing Board has been active in the industrial town. The area has all basic amenities like piped water, schools, transportation, hospitals, telecom networks, banks, etc. The major attraction of this area is Tapukara Industrial Area, which is located on the Bhiwadi-Alwar Road.

The road has the status of a national highway, called NH-71 B. Developers like Avalon, Nemai, Terra City, M2K, Cosmos, Essentia, Omaxe, Kajaria , and Krish have projects on Bhiwadi-Alwar Road, on both sides of the Tapukara Industrial Area. The expansion of the Honda factory has seen an increase in its workforce from 1,000 employees to 7,000 employees, which has prompted developers to create more housing in this area. Toyota, too, is planning to set up a plant in the same location and the announcement has led to another boom.

Source from: http://articles.economictimes.indiatimes.com/2012-09-01/news/33535417_1_avalon-group-manesar-real-estate