Alwar Bypass Road rides on affordability
Are you vying for an area with good connectivity and affordable property values? If yes, then Alwar Bypass Road in Bhiwadi may fit the bill.
Let’s see what this area has in store for you.
Connectivity: Strategically located near the National Highway-25, Alwar Bypass Road boasts of good connectivity with well-laid road networks. Additionally, the development of 135km stretch of KMP (Kundli-Manesar-Palwal) Express that will meet at NH-8 near Manesar and other state highways at Sohna are expected to boost the connectivity for the region.
Also, the proposed Neemrana Airport is in proximal distance to Bhiwadi, which will further enhance the prospects of the area.
Infrastructure: The area has adequate basic civic amenities. There are various schools (Modern Academy, Lipin High School, Hind High School, Holy Faith, Gyan Deep, Penguin Kids, UCSKM, Presidency International, Navneet Siksha Sansthan, B S Memorial), hospitals (Shakuntala, Gulati, Bansal, Balaji Groups) and colleges (Sunrise University) within close proximity. Alwar-Bypass Road is also well-placed in terms of regular water and electricity supply.
Price trends: The establishment of IMT (Industrial Model Township) Manesar near Bhiwadi brought with it a huge demand for affordable housing along with industrial development. Being a prime locality in the region at present, there had been good rise in the sale values.
According to data with CommonFloor, at present the capital values for apartments are in the range of Rs 2,200-2,850 per sq. ft. As per the rentals, a standard 2BHK unit is available at a monthly rent of Rs 5,000-15,000 with areas ranging from 850-2,700 sq.ft.
What’s available?
CommonFloor Listing data clearly indicates the huge interest building up in the locality. Buoyed by the above mentioned factors, several developers have already entered Alwar Bypass Road market. These include MVL Group, Avalon Group, Raison Engineers and Builders, Shekhar Home Developers, Ricco Developers, HFL Group, Genesis Infratech, Aryans Buildwell Group , to name a few. The major focus is on the development of high rise apartments with varied configuration ranging from 1-3BHK. Also, there are developers focusing on high-end residential projects such as M Tech Developers. Thus, one may also find few luxurious 4BHK and 5BHK villa units.
Who should invest?
In the year 2013, the capital values for Alwar-Bypass Road stood at Rs 2,250-2,490 per sq.ft., which have now risen to Rs 2,500-2,700 per sq. ft, recording an appreciation of about 10 per cent. Thus, we can see clearly see that property values in the area are recording steady appreciation. Therefore, if you have a long term investment horizon, Alwar-Bypass Road definitely deserves a visit!
