GURGAON…. well known by other names like The Millenium city, has over a period of just 2 decades become the most preferred destination for the multinationals, and hence for the people who work or intend to work in these multinationals. This has led to an increase in demand for Residential Plots and Apartments in Gurgaon
Gurgaon has thus seen a tremendous amount of infrastructural development in recent years like
– Metro Rail accessibility,
– Real Estate development by some of the most reputed developers like DLF
– widening and further development of the National Highway-8.
All these developments have led to a rise in Real estate prices.
According to the estimates, Real Estate prices in Gurgaon increased more than 10 times after coming of the Metro.
But now, since residential plots and apartments prices in Gurgaon have peaked and reached saturation (with very little scope for further rise) and population in Gurgaon has increased leading to overcrowded roads and traffic jams, people are now looking for options beyond Gurgaon.
Areas in the neighbourhood of Gurgaon, like Manesar, Dharuhera, Bhiwadi have become the most preferred locations, not only for the end-users but for investors as well. This is because property prices in these areas are currently at rock bottom, and hence there is a lot of scope for further hike in future. Tremendous infrastructural development is planned for these areas, the major one being the RRTS (Regional Rapid Transit System) which shall be an air-conditioned High-Speed Train connecting Central Delhi-Gurgaon-Manesar-Dharuhera-Alwar. This train shall be 3 times faster than the Delhi Metro and would cover a distance of 108km from Delhi to SNB (Shahjahanpur-Neemrana-Behror) via Dharuhera in just 70min.
Another reason for the expected price rise in these areas (Manesar, Dharuhera, Bhiwadi) in future, is that now even the industries are preferring these locations because of cheaper land prices. Companies like Hero Motocorp, Ashok Leyland, Sona Koyo, Jaquar, PEPSICO have their plants in and around Dharuhera and Bhiwadi. Recent news by Financial Express also revealed that Dharuhera is preferred by the workers of Maruti for its plant relocation from Gurgaon.
This would eventually lead to an increase in the population in these areas and hence the occupancy and property prices. This makes these destinations (Manesar, Dharuhera, Bhiwadi) one of the best option for real estate investment TODAY. Some of the reputed developers like Dwarkadhis Projects, Ashiana, MG Housing, Krishh have their residential and plotting Projects in these areas.
Luxury Projects like Casa Romana in Dharuhera by Dwarkadhis Projects offers several world-class amenities, that are comparable to some of the most high-end projects of Gurgaon. However, the price of apartments in Casa Romana is quite affordable starting at around just Rs36Lacs for a 2BHK Apartments.
Another promising Residential project in the vicinity is the Plotting Project, Springwoods City under Haryana Govt’s DDJAY (Deen Dayal Jan Aawas Yojana) scheme. This Plotting Project has several benefits like
- Gated Colony
- Stilt+4 Floors Allowed
- Floor-wise Registry Allowed
- No Land Filling Required (It is around 2 FT above the road level)
- Direct entry from 75m wide Expressway
These benefits make Springwoods city a good option not only for the end-user but also for the investor. This is because it gives an option to the investor to get their ROI and earn extra income by constructing 4 floors and selling all 4 of them separately or renting out these 4 floors as PGs.