Where to buy affordable houses in NCR
New Delhi and the NCR regions like Faridabad, Ghaziabad, Gurgaon and Noida have been witnessing unprecedented growth of real estate sector, for the last many years. Nevertheless, growing demand for quality housing solutions in a shorter span of time, has led to considerable delays in delivery of projects.
With the addition of districts like Mahendragarh, Bhiwani and Bharatpur to the list of NCR regions, the number of districts in the NCR has raised to a count of 19. Expansion of the NCR region mainly aims at lessening the burden over Delhi, Noida and Gurgaon. The interest of investors and developers too seems to have plateaued, and today, lesser known markets of the NCR like Bhiwadi, Neemrana, Bharatpur, Alwar, Dharuhera, and Bhiwani are sought after by them for setting up of projects.
Advantages of investing in these areas
Affordable housing solutions are provided to the home-buyers in in the towns of Alwar, Bhiwani, Bhiwadi, Neemrana, Bharatpur and Dharuhera. Middle-class buyers are highly benefited and spoilt with choice, with the growth of real estate in these areas. Residential apartments in these areas are sold at a starting price of Rs.20 Lacs.
The residential market in these towns is driven by its’ proximity to existing and upcoming industrial ventures in Manesar, Binola, Bilaspur, Bawal and Bhiwadi. Professionals from different parts of the county are migrating here, owing to the job opportunities created by these ventures and due to the proximity to Delhi and other NCR regions.
Areas like Dharuhera and Bhiwadi lie in close proximity to the National Highway 8, which connects the capital city to Mumbai and passes via important cities like Gurgaon, Ajmer, Udaipur, Ahmedabad, Surat and Vadodara. This factor also adds to the advantages of investing in these areas, as high returns are promised over time.
The Regional Rapid Transport System, proposed between Delhi and Alwar, would pass through the towns of Bhiwadi and Dharuhera. It would enhance the connectivity between the national capital and the NCR regions and would provide a hassle free traveling to commuters.
Areas where affordable residential properties can be bought
1 ) DHARUHERA AND BHIWADI
These towns lie at less than 25km from the industrial area of Manesar. With the rental values and sale price of properties going high in the regions of Manesar and Gurgaon and due to high potential of growth, developers are shifting their base to nearby places like Dharuhera and Bhiwadi.
2) NEEMRANA
Neemrana has been a weekend getaway for Delhiites, which is witnessing rapid development for the last few years. Good educational opportunities are offered to home-buyers here as the town is home to NIIT University and a number of reputed colleges. With the implementation of the RRTS project in the near future, the town is assured to provide high returns to investors.
3) ALWAR
Affordable residential options are provided to the middle-class home buyers, in Alwar. With developments in Bhiwadi and Neemrana picking up pace, this city, which lies in proximity, is growing up as another of the destinations for real estate development. Once the RRTS project is implemented in the area, residents of the area would be able to travel to the Jaipur, Delhi and other regions of the NCR in a hassle-free manner.Some of the rapidly developing localities in the region
include the Bhiwadi-Alwar road and Alwar bypass.
4) BHIWANI
Bhiwani is one of the upcoming markets for real estate developments. Well connected to the New Delhi and areas like Hisar and Rohtak, the town is luring developers and builders to the area. With rapid development, the area is sure to provide high returns to a long-term investment.
