Best property Investment Destination in Delhi NCR

New Delhi : The property prices in the national capital region continue to defy the

skeptics. Such is the growth in the housing market in the region that housing

development companies are finding it difficult to keep up with the volume of interest

from potential buyers.

The factors that have contributed to such a rapid growth are greater economic activity,

rising personal income and the resulting migration. Property prices saw a sharp

upwards trend in the period afterwards. The boom has led to over 1 lakh newly

launched apartment units into the market. Most of these projects cater to the mid-

income group who want to own their own abode and be part of the metropolis. Let’s

take a look at some of these top four destinations that has shown growth and

tremendous potential over the past few years.

Bhiwadi

Once a sleepy town shunned by the property developers, Bhiwadi is now a rapidly

growing town on NH-8, situated in the Alwar district of Rajasthan, bordering Haryana.

The reason for growth is due to growth in infrastructure that has taken place over the

past few years. Spread over 3,347 acres and with another 3,000 acres proposed for its

extension, Bhiwadi has nearly 2,500 tiny, small, medium and large industries, including

MNC industrial units manufacturing various types of products. They include all types of

industries like automobiles, steel, electronics, textiles, pharmaceuticals, printing, cables,

rolling mills, food processing and garments. Prominent industrial names in the town

include Gillette, Kajaria Ceramics, Bausch & Lomb, Honda Siel Cars, and United

Breweries. These companies have acquired huge acres of land in the region, thus

making it a preferred residential destination with some prominent names like Ashiana

Housing, Parsvnath, Krish Group, MVL, Avalon, BDI, Genesis, Cosmos, Jagrit

Infrastructure, Kajaria, Kingfisher, Konark and Star Realcon. Technically, Bhiwadi is

classified as Tier 2 city, but investing in real estate here is unlikely to turn sour. Located

nearly 71 km from Delhi, Bhiwadi is located next to Gurgaon and Manesar and it takes

approximately 1 hour 16 minutes to reach here. Bhiwadi is a promising real estate

destination with a lot of industries choosing to set up shops from Delhi, Punjab and

other parts of the country. Despite escalating price in the vicinity, housing is still

affordable here. For instance, the rates 2BHK apartments of 1,160-1,200 sq ft range

between Rs 25 lakh and Rs 31 lakh today as against Rs 24-29 lakh in 2009, while

3BHK apartments of 1,320-1,520 sq ft are available for Rs 34-39 lakh as against Rs 30-

35 lakh in 2009. Independent villas, however, have seen a steep escalation in prices.