Bhiwadi real estate update – Part 2
(continued from Bhiwadi real estate update- Part 1)
Key developers and projects in Bhiwadi:
Some of the well-known developers in Bhiwadi are Omaxe, Ashiana Housing, Avalon Group, MVL, Genesis, Falcon, Essentia Lords, Krish Group, Pareena Infrastructures, Terra Realcon, etc.
Residential projects in Bhiwadi include Ashiana Aangan, Omaxe Panorama City, BDI Sunshine City, Avalon Royal Park, Piyush Eutopia, Essentia Lords, MVL Palms, MVL Flora, Krish Vatika, Cosmos Greens, ABL Palm Exotica, etc.
Good facilities and amenities
Bhiwadi offers all modern lifestyle facilities of a city. It has a good civic infrastructure and it also offers good facilities at affordable rates, which is a plus point to the lower and mid-income group buyers. Another important thing about living in Bhiwadi is that the water supply in this area is very good.
Price trends of Bhiwadi property market
Around 9 percent appreciation has been recorded in Bhiwadi-Alwar Road in the second quarter of 2013, compared to the same period last year. About 60 percent hike has been recorded for residential plots in Bhiwadi, over the last two quarters. The price was about Rs 11,000 per square yard which increased to Rs 18,000 per sq yd during the April-June 2013.
| Area | Avg price per sqft (in Rs) |
| Alwar Bypass Road | 2450 |
| BDI Sunshine City | 2640 |
| Bhiwadi Alwar Road | 2425 |
| Tapukara | 2290 |
Bhiwadi houses different types of projects
Besides being a good residential hub, Bhiwadi is also a home to several commercial, retail, institutional and industrial projects. Owing to its huge growth potential and availability of vacant land and properties at much lower rates, Bhiwadi has been witnessing enormous hike in sale and rental values.
Infrastructure
The government has planned a slew of physical and social infrastructure development projects in the region. With these plans, the flow of Foreign Direct Investment (FDI) has also increased in the region.
Seven National Investment and Manufacturing Zones (NIMZ) have been proposed along the Delhi-Mumbai Industrial Corridor (DMIC), of which one is at Khushkhera-Bhiwadi-Neemrana belt. The proposed Neemrana airport is also in vicinity of Bhiwadi. Dharuhera-Bhiwadi bypass road has become operational making commuting easy from Delhi, Gurgaon and Jaipur.
Mass Rapid Transportation system (MRTS) has been proposed which will run from Gurgaon to Neemrana. The Rajasthan government has proposed “Global City” project in the Bhiwadi-Neemrana area which will house over 1 million people. The government has even allotted 2,500 acres to Japanese companies to set up their operations in Bhiwadi-Neemrana area. Some other projects in the pipeline include a Cyber City, SEZs, a Medicity, a Knowledge City, a World Trade City, an Entertainment City and a Bio-diversity Park.
Industrial development
Bhiwadi has become one among the largest industrial hubs of the nation. At present, Bhiwadi is spread over 5,300 acres, and houses around 2,700 big, medium and small scale industries.
Many industrial hubs are present around Bhiwadi including Chopanki, Dharuhera and Khuskhera industrial areas, which attracts many potential buyers. The proposed DMIC is likely to attract more IT and other industries to this area, which would further increase the residential demand. Greater Bhiwadi Complex (Bhiwadi-Tapukara-Khushkhera Complex), distributed in eight industrial areas, is located close to the area. It will be spread over both sides of the Bhiwadi Alwar road.
Future Prospects
Though the real estate in Bhiwadi seems quite promising in all aspects, it is better to emphasise on all the positive and negative aspects of investments in this area. At least 20 percent returns can be expected every year, but still, it seems that the area is not a good choice if one is looking for short-term returns.
The proposed or ongoing development projects in Bhiwadi including arterial roads, stormwater management system, solid waste management system, internal transport system, etc would take another 3-5 years to be completed. However, the RRTS could take more than five years to be operational. So it can be considered a good investment for those looking for long-term gains and for living purpose.
avalon bhiwadi
