PIONEER NEWS SERVICE
Bhiwadi, a town at the eastern boundary of Rajasthan and part of National Capital Region-identified as a priority town in the Regional Plan-2021 of NCR- is fast emerging as a real estate ‘hotspot’, experiencing rapid growth and ballooning demand for properties. Popular among investors and buyers alike, it is all set to see substantial surge in property values in time to come.
Its transformation from a tiny rural settlement with a population of just 1,624 persons in 1971 into a vibrant industrial centre thanks to the energetic efforts of Rajasthan State Industrial Development and Investment Corporation since 1975 is amazing. Bhiwadi’s population grew to 15,000 in 1991 when it was declared a census town and then, in the next 10 years, its population grew to 33,877.
A wealth advisor based in Delhi, Amrit Verma, who has visited the town and assessed its property promoting potential, is all praise for the place. “Bhiwadi is increasingly being viewed as an affordable and high-potential alternative to Gurugram and Delhi,” he said.
Asked why he is pinning so much hope on Bhiwadi as an emerging paragon for real estate investment, Verma said that there are numerous factors on which his optimism is based. “First, we must consider its location convenient for commuters and business alike. Just 50 kilometres from Gurugram and 70 kilometres from Delhi, it is well-connected via the Delhi-Mumbai Industrial Corridor (DMIC). Besides, the upcoming Regional Rapid Transit System (RRTS) will further boost its connectivity,” he added.
He further pointed out the affordable property prices in Bhiwadi compared to the skyrocketing prices in Delhi and Gurugram. “This is why the first-time buyers and investors are increasingly choosing Bhiwadi for investing their money,” he stressed.
Next, he mentioned the presence of industrial and economic hubs in Bhiwadi. “It is home to over 2,700 industries, including major players like Honda, Hero MotoCorp and Shree Cement. This industrial boom opens employment avenues in abundance and this is what is pushing up the housing demand,” he said.
Asked to spell out other major factors that scale up the real estate value of the town, another Delhi-based wealth advisor, Himanshu Choudhary, who is also supposed to have a good understanding of the possibilities and opportunities inherent in the fast-developing place, spoke of its planned urban infrastructure. “The Greater Bhiwadi Master Plan 2031 promises significant upgrades in infrastructure encompassing roads, transportation, water supply and sewage system among others. This planned development ensures organised growth across industrial, commercial and residential zones,” he observed.
He then came to the upcoming transport projects which, according to him, will prove to be the growth engine in terms of the upward curve of the real estate potential of the town. “Mega connectivity projects like the Delhi-Alwar Metro, RRTS and the Dedicated Freight Corridor are set to reduce travel time and enhance accessibility. This will definitely make Bhiwadi even more attractive for professionals and businesses,” he said.
