BHIWADI BECKONS

Bhiwadi is offering quality properties at never-before prices, even as it emerges as the next industrial hub, leaving all other places of the NCR far behind.

With the present fall in real estate prices, residential property on the periphery of National Capital Region of Delhi is available at a never-before price, at least in the recent past. In fact, this can be used as an investment opportunity as well, if one wants to invest keeping a minimum three-year horizon in mind. It is hard to imagine one can buy a house for Rs 16 to Rs 25 lakh in the NCR. Yes, apartments are available in that range in Bhiwadi, which is emerging as the next industrial hub, leaving all other places of the NCR far behind. Over the last couple of years, the quiet town has undergone a sea change to emerge as the third largest industrial centre of India. Today, it is home to a number of world-class global industries.

“The prime reasons in making Bhiwadi a promising industrial destination are - a direct approach to NH-8 and the consequent connection with the 8-lane road to Gurgaon on the one side and Jaipur on the other; a link to the Japans corridor intersection of Delhi-Mumbai Industrial Corridor; a 55-minute drive from Indira Gandhi International Airport, and its proximity to significant places like Gurgaon, IMT-Manesar, Bawal, Alwar, Neemrana, and Delhi in particular” says Bhiwadi Development Association chairman Om Gupta, who is also CMD of Ashiana Housing.

Apart from the strategic location of Bhiwadi, the other aspects that are enticing corporates to settle for this place are low property rates, strong infrastructure, low cost of living, low population density and low pollution levels, Gupta adds.

Bhiwadi already boasts of big multinational companies like Pepsi, Honda Siel (manufacturer of Honda cars), Orient Craft, Asahi, Hero Honda, Bausch & Lomb, United Breweries, Ray-Ban, Saint Gobain, Federal Moghul, Gillette, Sakata Ink, and Ocap Chassis, among others. Other major industries in the city include Relaxo Footwear, Lakhani Footwear, Jaguar Ltd, Harvest Foods Limited, Kajaria Ceramic Ltd, and SEZ of Mahindra and Mahindra.

These companies have acquired large area of land in the township and have made huge investment, employing thousands of people. aint Gobain alone has taken up 140 acre of land and has invested Rs 1,000 cr to create 2,500 jobs. Honda car is spread across 700 acre with Rs 2,500 cr investment and has created 5,000 jobs. Orient Craft has created 14,000 jobs while Jaguar has generated 1,000 jobs. Another Delhi-based company, SRF Ltd, employs 500 people in the city. Nahar Group has 2,000 employees and, Shree Cement has made an investment of Rs 200 cross. Also, renowned companies like Adlabs and SRS cinemas have made Bhiwadi their destination.

Such a huge employment is bound to create demand for residential units in the townships. At present, people travel from Delhi, Gurgaon and Manesar to work in the township. But, as high-quality residential units with good social infrastructure come up in the city itself, people will prefer living in the township itself. A number of world-class schools and hospitals are being developed in the area, to meet the requirements of the townships.

The rate of population growth in Bhiwadi also guarantees good opportunities for real estate, retail and hospitality industries. It is one of the most planed cities in India, which sets it apart from other industrial cities, says Gupta. Developed by government and private collaboration on bare land, residential and commercial areas are clearly demarcated making the development absolutely hassle-free. Bhiwadi Development Authority (BDA) is expecting government aid in terms of development of water supply system and proper solid wastage disposal.

Again, the government has signed a MOU for an investment of approximately Rs 30,000 cr to promote the growth of this industrial township. The road from Bhiwadi to Alwar is being upgraded to a four-lane highway.

Some of the notable real estate developers in the area are Parsvnath Developers, Omaxe, Ashiana Housing, MVL Coral, Piyush Group, MTech Developers, Trehan Home Developers, Kajaria Infrastructure and Kingfisher, among others that have come forth to meet the demand for world-class housing and office space in Bhiwadi.

Infrastructure compatible with global standards and loaded with modern amenities like wi-fi, lifts, 24x7 security, CCTV cameras, ample parking and world-class design and aesthetics reflect in every construction. Bhiwadi has state-of-the-art hyper malls providing a solid footing to international brands. From 5-star hotel chain Clearings that arrived Bhiwadi, the Rajasthan Housing Board has created the necessary infrastructure by way of schools, hospitals, banks, transportation, water supply and telecommunications networks.

Perfect for a modern lifestyle,<a href="http://www.zameen-zaidad.com/"> property in Bhiwadi </a> is available at much lower prices than almost all other regions in the NCR. Reinforcing the fact, Om Gupta says, “We want to provide a high-class society to middle-income group with a nominal investment.”

The present going rate of residential units in the area is Rs 1,350 per sq ft to Rs 1,500 per sq ft. However, some of the premium segment housing is available for Rs 2,000 per sq ft.
Courtesy:- TOI dt:- 04-04-2009

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