With rapid industrialization and immigration, most of the metropolitan cities have now become unsuitable for settling in, and especially buying a new property. Property rates have been skyrocketing in these cities while at the same time, pollution, traffic, congestion, etc. make these cities even less habitable. As a result, for the last few years, we have been witnessing a paradigm shift of investors’ as well as home-buyers interest towards tier-2 cities which are closer to these metro cities. For example, Pune and Navi Mumbai for Mumbai, Noida-Greater Noida for Delhi, Bhiwadi-Sohna for Gurgaon, and so on. As more and more industries are moving towards tier-2 cities, the demand for property has gone up over the years and this provides us a golden time to invest in property here. One such city that has been becoming quite popular among industrialists, investors and has been witnessing rapid urbanisation is Bhiwadi.
Bhiwadi is the newest addition to Delhi/NCR belt and is gaining popularity in terms of being an industrial and residential hub close to Delhi/NCR. It is a planned city, located in the Alwar district of Rajasthan. Bhiwadi is just 60km from Delhi, 200km from Jaipur, 90km from Alwar, and 50km from Faridabad. It is so close to Gurugram that it takes mere 50 minutes to reach Hero Honda Chowk(Gurugram) from here.
Due to its location and being unexplored, most companies have started to set their foot in this city thus making it an emerging industrial hub of the country. Some of these companies include-
Capital Galleria Mall, Capital Mall, Capital Highstreet, Genesis Mall, V Square Mall, Ashiana Aangan Plaza, Central Market, BB Mall, Ganpati Plaza, Ashiana Village Center, are some of the prominent malls in Bhiwadi.
Multinational food joints like Pizza Hut, Domino’s, McDonald’s, Haldiram’s, Pind Balluchi, Bikanerwala, etc. have started their operations as well.
Bhiwadi is easily accessible from IGI airport being just an hour’s drive away, and by road via NH48. The nearest Railway Station is Pataudi Road, Haryana, just 19km away from Bhiwadi. Moreover, BIDA(Bhiwadi Industrial Development Authority) is on a drive to improve road connectivity, develop a CCTV network for road safety and security, and further improve connectivity through NH-8 via flyover for Bhiwadi. In addition to all this, the city is getting a network of Fiber Optic cables as a part of the digitization drive. BIDA is also aimed at upgrading the community health centers and increasing their operational capacity in order to provide better and accessible healthcare for all.
As a result of all these infrastructural and industrial developments in the city, there has been an increased demand for Real Estate as well. As more and more people move to this city, more and more houses are being occupied and Real Estate Giants are set on developing newer projects. The property rates here are quite affordable for now but have been witnessing a constant rise due to the city’s rapid development. There cannot be a better time to invest in property in Bhiwadi than now. Some of the prominent and booming locations of Bhiwadi include Sector-24, Sector-77, Vasundhara Nagar, Alwar Bypass Road, RIICO Industrial Area, etc.
With rapid industrialization, proximity to Gurugram, Delhi/NCR, and gateway to tourist attractions like Jodhpur and Jaipur, Bhiwadi is one of the fastest developing industrial hubs of the country. As more and more companies start to set foot in this city, demand for housing projects is only going to increase, which is directly linked with property price elevation. When compared to its competitors i.e. Gurugram, Delhi, Noida, and Greater Noida, Bhiwadi has the best location, least population, is cleaner, less congested, and property prices are the cheapest. The cost of living in Delhi is about 40% more than in Bhiwadi. This single statistic shows how economically feasible it can be to invest or settle down in Bhiwadi.
More and more companies are showing interest in Bhiwadi, recently, glass giant Saint Gobain announced a Rs. 1100 Crore investment in Bhiwadi, which would open 300 direct employment opportunities. With this float glass plant in World Glass Complex, Bhiwadi, Rajasthan will have the largest float glass line in Asia.
For an already booming Real Estate location like Bhiwadi, the proposed RRTS (Regional Rapid Transit System) i.e. a semi high-speed rail corridor covering Delhi-Gurugram-Rewari-Alwar, will do wonders as it will significantly reduce travel time from Delhi to Alwar by almost half an hour, which will further open up Bhiwadi and will allow the residents to travel to various parts of Delhi conveniently, not just for work but also for leisure activities.
What does life at Bhiwadi look like?
Life at Bhiwadi is less cluttered and calm as compared to other locations of NCR. The city is very close to Aravali Mountain Range which is a popular tourist destination. The city is also rich in flora and fauna. This helps in providing a better residential environment to all age groups especially for kids and senior citizens, and as a result, Kid Centric Homes and Senior Living Homes are also being prominently developed in the city.
Right time to invest in Bhiwadi property is now.
Source ashianahousing.com
