Q: Hi, I have heard from people that there are many upcoming companies in Bhiwadi and the demand of the residential property will increase considerably in Bhiwadi. Is that true? Does such type of developments helps in realestate boom? What will be the risk?
Hi guys, Fortech group is coming up with a new project in Bhiwadi, near Alway Bypass road. I heard that initially you have to pay 50% amount (2 months time) and the rest can be paid at the time of possesstion. The group is renowned for its projects in realty sector. I think it can be a very good investment.
Bhiwadi is located in near distance from Manesar which is also an emerging industrial and real estate destination. Manesar is near to Gurgaon, and that's the reason there is vast developments happening in Manesar. Many apartment and township projects are upcoming in Manesar and Bhiwadi. They are good points for real estate investment.
I would suggest you to better invest in Bhiwadi only.. Otherwise in Noida extension. Even if you are not able to stay in Bhiwadi, you can buy and rent out the flat.. the rental demand for flats is increasing in Bhiwadi region. You can buy an under construction property so that the rate will be lesser and after one or two years your flat will be ready, then you can decide whether to shift yourself to that flat or give it on rent..
Thanks for your response.. I am actually looking to buy a flat in Bhiwadi. I work in Okhla industrial area so I was thinking whether I could travel from home to office regularly. But this much distance seems to be difficult for daily travel. Anyways, I think it is better to think about other options.
Hi Puneet, Bhiwadi is located in Rajasthan. It is near border of Haryana. The distance from Bhiwadi to Okhla industrial area would be approximately 60 to 70 km. It is a good idea to buy flat in Bhiwadi. I think you can get a good flat at around 60 to 80 lakhs.. There are many ready to move projects and upcoming projects too.
Nice discussion happening over here guys. I am interested to get some info related to what is the situation of Bhiwadi real estate market since I am looking to invest in Bhiwadi real estate. I want to get some idea on the location of Bhiwadi. Can you suggest me whether it is a wise decision to buy flat in Bhiwad? Also please tell me how far is it from Okhla industrial area towards South Delhi. And give me some names of good properties in Bhiwadi, which is good for investment.
Hi guys, there is one more reason for real estate growing in Bhiwadi. It is because the rates are very high for properties in Delhi and surrounding NCR region, so people are shifting their focus to suburbs like Bhiwadi where price is lower. Even property prices have been rising in Bhiwadi too because there is great demand for properties there.
In different areas of Delhi the rates of 2bhk are mostly above 75 lakhs for a 750 sq ft area flat. Most of 2bhks are available in price range of 1 cr to 2 cr. But in Bhiwadi, pricing is currently better when compared to other prime areas. But rates are increasing even in Bhiwadi.
Three years back the average rate of 2bhk was around Rs 25 lakhs to 30 lakhs but today it is minimum 40 lakhs. It has almost doubled in three years. So you can understand the growth rate of Bhiwadi realty. Builders have bought land chunks and IT and other companies have bought huge chunks of land in Bhiwadi, so the demand is continuously rising.
Yes Javed, you heard it right, there are many companies coming up in Bhiwadi. Bhiwadi is already spread above 3300 acres and already its extension is planned for another 3000 acres.
There are above 2400 companies in Bhiwadi including small, medium and large scale ones.. There are top companies like Bausch & Lomb, Ray Ban, Saint Gobain, Gillette, Kajaria Ceramics, Honda Siel Cars and many more.. Many other companies have bought lands and are planning to build their additional in Bhiwadi. They have already spent crores on this region, so you can imagine how well Bhiwadi is going to develop in the future.
And as an effect of rising number of companies, the working population is also increasing day by day and because of that real estate is vastly developing in Bhiwadi. If you are planning to buy property, then I would say Bhiwadi is an excellent location.