As Bhiwadi steadily establishes itself as a dynamic urban center, investing in this burgeoning town could serve as the gateway to unlocking untapped potential and securing a promising future in the realm of real estate.
The real estate landscape in Delhi-NCR has witnessed a significant transformation, with the capital city maintaining its status as a thriving center for economic and cultural activities. Simultaneously, the surrounding tier-2 cities have emerged as influential players, particularly in the real estate sector. Among these, Bhiwadi stands out, strategically located on the Rajasthan-Haryana border.
Read More: What are InvITs? Understanding Infrastructure Investment Trusts in 5 simple points
Boasting meticulous urban planning and seamless connectivity to Gurugram via NH-8, Bhiwadi has become a well-regarded city. The factors contributing to Bhiwadi’s prominence as a top investment destination in the NCR region include rapid urbanization, an influx of job opportunities, a diverse array of amenities, robust connectivity, and the transformative ascent of affordable housing options. These elements collectively position Bhiwadi as a compelling choice for investors seeking growth and potential in the dynamic real estate market of the National Capital Region.
The city is widely acclaimed for its well-organized and precise urban planning, delineated into three distinct zones: industrial, commercial, and residential. Bhiwadi boasts a strategic location as one of its key attractions. Positioned along the Delhi-Jaipur National Highway (NH-48) and seamlessly connected through the Delhi-Mumbai Industrial Corridor (DMIC) to major cities and industrial hubs, it offers unparalleled accessibility. Its close proximity to the Indira Gandhi International Airport enhances connectivity, and it is intricately linked to the railway station, making it an appealing destination for both businesses and residents.
Read More: Dwarka Expressway to revolutionize real estate market in Delhi-Gurugram corridor: CBRE
According to ANAROCK Research, Bhiwadi experienced robust real estate activity with a total of 46,760 units sold between 2013 and H1 2023, reflecting a substantial demand in the region. The pinnacle of housing sales occurred in 2013, witnessing the transaction of approximately 13,120 units, followed by nearly 9,000 units in 2015. Concerning unsold housing inventory, there is a noteworthy trend. At the close of 2013, Bhiwadi had around 9,600 unsold units, which escalated to 19,920 units by the conclusion of 2014 due to a significant influx of new supply. However, by the first half of 2023, there was a remarkable reduction in unsold stock, with approximately 3,540 units remaining.
The robust industrial sector in Bhiwadi acts as a catalyst for its burgeoning real estate development. With a plethora of manufacturing units and industrial estates, the town has become a prime choice for businesses in search of cost-effective yet strategically positioned production facilities. This surge in industrial activity has not only created job opportunities but has also stimulated the need for residential and commercial properties, propelling the growth of Bhiwadi’s real estate market.
Read More: Office space demand likely at 50-55 million square feet this year across top 6 cities: Report
In the bustling real estate market of Delhi NCR, where property prices have skyrocketed to exorbitant levels, Bhiwadi presents itself as a welcome alternative, providing affordable housing options. Over the last decade, a discernible shift towards favorable and health-conscious lifestyle choices has become evident. This transformation is accentuated by the rise in employment opportunities, enhanced job stability, and an overall improvement in economic well-being. These factors collectively inspire individuals to establish enduring residences, marking a notable trend in the region.
As a result, the region has experienced a notable increase in affordable housing alternatives, encompassing stylish apartments, expansive villas, plotted developments, and various other projects that hold promising potential for future investment returns. This affordability factor not only appeals to prospective homebuyers but also provides enticing opportunities for investors seeking to leverage the burgeoning real estate market in the town.
Future Trends and Bright Horizons
Bhiwadi presents a compelling opportunity for investors seeking promising returns over the long term. The town is in a phase of continual growth and development, anticipated to result in appreciating property values and substantial capital gains for investors. Furthermore, Bhiwadi’s rental market remains robust, providing an attractive option for those interested in generating passive income from their investments.
Bhiwadi shines as a beacon of opportunity amid the vibrant landscape of Delhi’s real estate market. Its strategic location, thriving industrial sector, affordable housing options, ongoing infrastructure development, and the promise of substantial returns on investment make it an enticing prospect for investors in search of growth and prosperity. The upcoming developments such as Bilaspur overbridge, Trauma Centre cum District Hospital, AIIMS Rewari, etc., have also been adding to the region’s allure quite efficiently. As Bhiwadi steadily establishes itself as a dynamic urban center, investing in this burgeoning town could serve as the gateway to unlocking untapped potential and securing a promising future in the realm of real estate.
