Bhiwadi is located in the Alwar district of Rajasthan, and is an emerging industrial destination in the NCR region. Located at just 40 km from Gurgaon, Bhiwadi is witnessing a shift from its erstwhile image as a mere industrial area to destination with full-fledged real estate viability. Being a part of Delhi-Mumbai Industrial Corridor(DMIC), Bhiwadi is now acknowledged as an investment zone.
Ease of connectivity with Delhi and availability of affordable houses have made sure that Bhiwadi gets due attention in the real estate sector. The area has gained from its location on NH-8 and with the development of Delhi-Mumbai Industrial Corridor (DMIC) in the vicinity. DMIC will attract industries like automobile, packaging, IT, logistics, etc, which will further fuel demand for residential apartments in a big way.
Developers saw this opportunity and have come up with planned developments in this small place and, now, the place has all the necessary real estate developments needed for a good lifestyle – commercial areas, malls, shopping centers, and good residential projects. Apart from the investment angle, people from the Delhi NCR are increasingly looking at getaway homes and this place caters to that demand also.
Due to the relatively cost-effective land prices, growing housing demand and excellent connectivity afforded by the Delhi-Jaipur National Highway (NH-8), there has been a spurt in new residential housing projects in Bhiwadi catering primarily to the people employed in this industrial belt as well as for people looking for reasonably priced properties around established centers of Gurgaon and Delhi. As a result, Bhiwadi has attracted attention to various reputed developers primarily offering affordable housing projects, with only scattering of luxury projects.
Bhiwadi’s properties are well priced which makes the place attractive to end users. Investors are also showing greater interest as they see a huge potential for appreciation here. Once the Japanese corridor and the RRTS are functional, the appreciation and demand of property here will be beyond imagination.
The major attraction of this area is the Tapukara industrial area, which is located on Bhiwadi-Alwar Road. The road has the status of a national highway, called NH-71B. Developers have acquired land on both sides of this road and have launched projects with plotted developments and group-housing projects. The availability of plots is comparatively less in Bhiwadi, compared to apartments and independent floors. People who have employment in Gurgaon and Manesar are buying homes in Bhiwadi because of affordable prices. The distance is also not a hindrance as it is like travelling from one point of Delhi to another; the time taken is same.