Bhiwadi - A Safe Palace For Investment

Bhiwadi is a relatively safe palace for real estate investment, compared to some other high-profile micro-markets in north India, where property acquisition issues have made the investor wait endlessly.

When it comes to real estate, it is often said that the important strand are location, location and location says the chairman of Praron Consultancy Pranay Vakil. However if you have the ability to spot an upcoming location correctly, you can hit the jackpot. The appreciation in cost that an upcoming or future location can give you is no match for an established location. I think Bhiwadi falls in this future location adds Vakil.

For investors, Bhiwadi has provided exceptional returns on investment, at a time when there has been a modification, in many of the established markets in the neighbourhood.

Lands that are present at Rs 1,700 per sq.ft. in 2007, in Bhiwadiadmire to Rs 2,200 in 2012 and by 2016, it further appreciated to Rs 3,100 per sq ft. with several infrastructure plans in the pipeline, including the Delhi-Mumbai Industrial Corridor (DMI, which will pass through Rewari 25 kms away from Bhiwadi), analysts are expecting another rally in the land market.

Moreover, if economy improves and boosts overall demand, bhiwadi could turn intoa goldmine for the investors who are entering now.

NO LAND DISPUTES

Vivek Singh, a real estate professional who worked with a couple of planners on the area, points out that Bhiwadi also remained unaffected by the property disputes that plagued Noida Extension, the Expressway of Yamuna and other parts of Ghaziabad. This prompted many budget residence seekers, investors and industries, to shift to this safer mini - market. Moreover, project execution has been faster here, he says.

The (RIICO) Rajasthan State Industrial Development and Investment Corporation are providing excellent support, vis-a-visinfrastructure, power and water, whereas, even in the neighbouring company township of Manesar, bottle necks remain. While Bhiwadi is attracting more and more companies even the aspiration level of local population has gone up and that spells, for overall economic growth and land market of the area, adds Singh.

While there is no denying that Bhiwadi is no longer perceived as a needy cousin of Gurgaon and Mansear, the moot question now, is whether the real estate market in Bhiwadi can compete with the in New Gurgaon or Mansear. The answer, could well lie in the pace at which connectivity and infrastructure tweak.

QUICK ACTUALITY

Bhiwadi is one of the safest markets in the NCR, as it has managed to avoid property-related controversies.

Small ticket size ensures easy exit from the market.

Appreciation since 2007, has been almost 100% despite the slowdown in real estate.

Land prices are still lower in the NCR.