Rising Star of National Capital Region – Real Estate
Bhiwadi has serendipitously found a strategic location for itself between Delhi, Gurgaon and Jaipur. And, now it also enjoys a noteworthy status of a Regional Centre aka Priority Town of the National Capital Region (NCR).
The real estate market of Bhiwadi has shown remarkable signs of revival in the couple of past years. Few prime locations in Bhiwadi have witnessed an outstanding real estate growth due to their excellent connectivity to all parts of Bhiwadi and pertinent highways. Bhiwadi is only 55kms away from Delhi’s Indira Gandhi International Airport. Besides, it is just 200 kms away from Jaipur, state’s capital city, and only 40kms away from Gurgaon, a leading industrial hub. No wonder, Bhiwadi is being inundated with plenty of infrastructure projects and several key projects that provide an unprecedented backdrop for realty growth.
Quite unsurprisingly, Bhiwadi, in recent years, has gained a lot of attention from investors and real estate builders. With the increase in the economic development and industrial development, the purchasing abilities of the people have surged and further led to the need of buying homes for living and investment purpose. Buying homes is often considered to be a game of the mature and well-off person; however, times are now changing, and we see many young buyers entering the real estate market and influencing the market inevitably. Clearly, the growing Indian scenario that provides outstanding employment opportunities and better scopes are the winds beneath the wings of these young aspiring buyers willing to make property investments. Gone are the times when the first time home buyer would fall into the bracket of 40 to 50 years, the age is now coming down to early 30s.
Bhiwadi has a lot to offer in regards to real estate sector to these young aspirants. It is now one of the well-planned and well-managed towns known to suffice all basic needs pertinent for comfortable living. Bhiwadi is now an emerging place for those cannot afford buying homes at sky rocketing prices of Delhi and Gurgaon.
Good schooling and better healthcare are two strong pillars for developing any city or town, and Bhiwadi, like any other progressive society, is not left behind in school education and effective healthcare system. Prominent schools such as Delhi Public School International, G.D.Goenka, Modern Public School, and St. Xavier’s School are already imparting educational excellence to all. With healthcare, Artemis Hospitals, one of the most infamous hospitals of India, has launched a 24×7 Trauma and Emergency, and Specialty OPD Center, in Bhiwadi. At Artemis, you can avail highly experienced emergency physicians providing round-the-clock services to all patients. In addition, several distinguished medical professionals of Gurugram visit the hospital on weekly basis. The ambulances are well equipped with state-of-the-art facilities and are known for providing timely care to the patients. Air ambulances are another credible addition to the Emergency Services that are manned by qualified professionals only.
Although the city has grown by leaps and bounds in the past few years, and few locations that were earlier known as industrial destinations are now offering a wide range of spectacular properties from affordable to high-end ranges, Bhiwadi still majorly driven by its industrial sector. For instance, it still houses manufacturing centres of Chopanki, Khushkhera and Sare Khurd. Besides, The Rajasthan State Industrial Development and Investment Corporation have planned many more industrial development activities for Bhiwadi. That being said, Bhiwadi is also witnessing growing housing demand due to cost-effective land prices.
Invariably, Bhiwadi is gives good value for money to all its residents. As a result, many prominent real estate developers are now launching their affordable housing projects along with high-end luxuries projects. The story of real estate doesn’t end here. In addition to growing residential developments, Bhiwadi is also offering great opportunities in retail and office sector.
Witnessing such enormous growth of the real estate sector of Bhiwadi, the state government is leaving no stones unturned in ensuring that the city experiences the best civil and social infrastructure. Therefore, it has also approved a proposed airport in the town. Besides, the government is also planning to approve the Bullet train and Metro Connectivity projects in order to enhance the image of Bhiwadi as a powerful real estate hub.
The Bottom Line
In a nutshell, the tier-II city, Bhiwadi has a lot to offer to those investors and home buyers who are anticipating better returns and good value for money. The prospects for returns are high and stand to grow even higher over the years considering the growth of the economy.