Aqasia Enclave Bhiwadi

Aqasia Enclave Bhiwadi

Prices of residential real estate remains bullish despite slowdown in the economy

According to the residential real estate index prepared by the National Housing Bank (NHB), the housing prices in 16 cities including Delhi, Mumbai, Chennai, Bangalore, Pune, and Kolkata improved in the quarter ending June 2012, compared to the previous quarter ending March 2012. 

In fact, in most of these cities, prices improved quarter after quarter since January-June 2009 quarters barring in a few exceptions like Bangalore, Hyderabad, Jaipur, and Indore, where prices have corrected in some quarters. 

But when compared to prices in January-June 2009, when the index was first announced, the prices in the latest quarter have shown a significant jump. It is also because January-March 2009 was the first quarter when the impact of global bank crisis of 2008 was fully realized. In fact, the index of property prices in Delhi continued to fall till January-March 2010, when the index touched 106, from 121 in January-June 2009. 

According to the NHB, the prices of residential properties in 16 cities have shown an increasing trend in the range of 1.1% in Kochi to 10.5% in Pune, in April-June 2012 quarter, against the previous quarter. 

At the same time, it saw marginal decline in three cities - Jaipur, Hyderabad and Indore. Faridabad remained stagnant in this quarter. 

According to the data prepared by the NHB, the maximum increase was observed in Pune, by 10.5%, followed by Bangalore (8.7%), Patna (8.6%), Ahmedabad (6.4%), Ludhiana (5.3%), Lucknow (4.1%), Mumbai (3.7%), Delhi (2.6%), Kolkata (2.6%), Bhubaneswar (1.7%), Bhopal (1.7%), Chennai (1.7%), Surat (1.2%), Guwahati (1.2%), Vijayawada (1.1%), and Kochi (1.1%). 

Three cities have shown marginal decline in prices over the previous quarter, with a maximum decline of 2.6% observed in Jaipur, Indore (2.4%), and Hyderabad (1%). The data has been prepared by NHB RESIDEX, which tracks the movement in prices of residential properties on a quarterly basis, an exercise it has been conducting since 2007. 

However, according to the NHB Residential Index, the property prices in the NCR region increased by around 11% in the last one year, while a close look of different micro markets give a different picture. 

The property prices in certain developing pockets like Dwarka Expressway in Gurgaon went up by almost 50-80 % in the last one year. Similarly , in other developing pockets like New Gurgaon and Golf Course Extension Road, property prices have gone up by 30-50 %. 

In Noida, prices of property on the Noida-Greater Noida Expressway increased by almost 30% since June 2011. In Ghaziabad too, prices in Indirapuram and Vaishali went up by around 30%. In certain pockets like Crossings Republik, where possessions have been given to buyers, the prices have improved by almost 50% in the last one year. 

However, prices in the matured markets of Delhi, Gurgaon, and Noida have not appreciated so sharply during the period, as they are already very high. As in the index, when prices of properties located in different areas are taken into account, it does not give a clear picture. But, the index has vastly improved and reveals the prevailing bullish trends in the property markets in the NCR.

source: economic times

Why Bhiwadi is getting a lot of attention from developers and investors

Bhiwadi is modernizing fast and has all the lifestyle facilities of a city. The town is spread over nearly 5,300 acres, and houses around 2,700 big, medium and smallscale industries. They include industries like steel, furnace, electronics, engineering , textiles, pharmaceuticals, printing, cables, rolling mills, food processing , herbal care units, etc. 

Bhiwadi is only a few kilometres away from Manesar, an emerging industrial and real estate hub adjoining Gurgaon, which has brought the attention of investors and buyers on this bustling township. 

When compared to other areas of the NCR, the prices in Bhiwadi are still reasonable. "As Bhiwadi is on the highway and its infrastructure is improving by leaps and bounds, it is emerging as a place for people who cannot afford homes in Delhi or Gurgaon . Although it is 70km from Delhi , it does not take too long to traverse either way owing to the excellent connectivity it has with the national capital ," Devinder Gupta, the managing director of DGS Realtors, says. 

Bhiwadi is a typical Tier II city and gives value for money to the investors and the buyers alike. Newly-constructed apartments here are generating a lot of buzz, as they offer multiple options to the middle class people. 

"The big advantage of Bhiwadi, and for that matter places on or near NH-8 , is the ease of connectivity. The place has attracted a lot of industrial activity and provided scope for a boom in real estate. Another plus point of Bhiwadi is its flawless water-supply system . When compared to Gurgaon, the prices are very reasonable in Bhiwadi. It offers better facilities at a much more affordable price to the middleclass people compared to Gurgaon, Noida, Faridabad, etc," Ajay Agarwal, the director of Avalon Group, says. 

The rapid industrial growth coupled with good connectivity has made this place very attractive to people interested in real estate. With affordable prices, well within the reach of the middle class, Bhiwadi will give good returns in the long term. 

The expected movement of various companies too will boost the real estate market in Bhiwadi and Manesar, and thus provide good appreciation. As people start moving into these companies the need to have house near their place of work will become imperative, which will also help in boosting the rental values. 

Devinder Gupta says that Bhiwadi is leveraging on its locational advantage. Industrialists from Delhi, Punjab and other parts of India have set up base here. The Rajasthan Housing Board has been active in the industrial town. The area has all basic amenities like piped water, schools, transportation, hospitals, telecom networks, banks, etc. The major attraction of this area is Tapukara Industrial Area, which is located on the Bhiwadi-Alwar Road.

Source: econonic times

Avalon Rangoli - Bhiwadi

"Avalon Rangoli" is located at 4 Lane Mega Highway (200 ft.) Alwar Bye-pass Road, Opp. Honda Siel Car Plant, at Bhiwadi just 30 Minutes drive from Gurgaon in near surroundings of highly developed industrial areas of Bhiwadi / Dharuhera/ Bawal / Manesar / Chopanki / Khuskhera

FEATURES OF THE PROJECT-AVALON RANGOLI

Two & Three Bedroom Apartments

Ground + 9 Storied Towers

A Grand Entrance Gate with Splendid Fountains

Project has more than 80% open area with Beautiful Landscaped Gardens.

Avalon Royal Park Bhiwadi

“Avalon Royal Park” offers residential spaces on 4 Lane Mega Highway - the 200 ft wide Alwar Bypass Road.
These homes fulfill you imagination of a beautiful home. The facilities inside the complex, its ambiance & the
 location make it an exceptional living space and an ideal option for investment.

Features of the Project-Avalon Royal Park

• Located on 4 lane mega highway (200 ft Alwar Bypass road)
• 2 BHK, 3 BHK & 4 BHK apartment
• Ground + 14 storied
• More than 80% open area
• Beautifully landscaped gardens
• Grand entrance with water bodies
• Ultra modern club & swimming pool
• State of the art gym
• Jogging tracks
• Basketball and badminton court
• Large balconies
• Specious lift lobby
• 4 Apartments on one floor with 2 lift in 2 BHK apartments
• 3 Apartments on one floor with 2 lifts in 3 BHK apartments
• Round the clock security
• 24 hrs. power backup

Bhiwadi: The next boom town

Bhiwadi, is strategically located between Delhi, Gurgaon and Jaipur now enjoys the status of a Regional Centre or Priority Town of the National Capital Region (NCR), and has been able to create a niche for itself among the fast growing cities of India.

For developers and small investors in real estate, it has already become a destination of choice.

Bhiwadi, in Rajasthan’s Alwar district, is a fast modernising town with all facilities available. Numerous industries have come up in the surrounding regions such as Bhiwadi-Neemrana, Dharuhera, Tapukhera, Khushkhera, Chopanki, Bawal, etc.

Spread over nearly 5,300 acres, there are around 2,700 big, medium and small scale industries operating in this town. They include industries such as steel, furnace, electronics, engineering, textiles, pharmaceuticals, printing, cables, rolling mills, food processing, herbal care, etc.

The reason for growth of the town is its connectivity with various highways. Bhiwadi is located 55 km from Delhi’s Indira Gandhi International Airport, 200 km from the state capital Jaipur, 90 km from Alwar, 40 km from Gurgaon, 60 km from Faridabad and 5 km from NH-8 (Delhi-Jaipur highway) on the Dharuhera-Sohna Road.

Bhiwadi is leveraging on its locational advantage. Industrialists from Delhi and also from Punjab and other parts of India have set up base here. The Rajasthan Housing Board has been active in the industrial town. The location is settled with basic amenities such as piped water supply, schools, transportation, hospitals, telecom networks, banks etc.

The major attraction of this area is Tapukara industrial area which is located on the Bhiwadi-Alwar road. The road has the status of a national highway, called NH-71B.

Developers have acquired land on both sides of this road and have launched projects with plotted developments and group housing. The availability of plots is comparatively less in Bhiwadi as compared to apartments and independent floors.

Over the last couple of years, developers such as Ashiana have played a major role here, and has catered to the housing needs for the people working and living in this industrial town.

Developers such as Avalon, Nemai, Terracity, M2K, Cosmos, Essentia, Omaxe, Kajaria, Krish are the few names present on Bhiwadi-Alwar Road on both sides of the Tapukhera Industrial Area. The prices of apartments in Bhiwadi range from Rs 1,750 per square foot to Rs 2,600 per square foot. Typically prices have ranged from Rs 8.85 lakh to Rs 41.13 lakh, which is reasonable and affordable housing for people who live and work in this town.

The expansion of the Honda factory has seen an increase in its workforce from 1,000 employees to 7,000 employees by 2015, has given the boost to developers to create more housing in this area. Toyota, too is planning to set up their plant in the same location and the announcement has led to another boom.

Recently a Faridabad-based builder launched plots on Alwar highway in the name of Ozone City at Rs 7,200 per square yard and closed the last sale at Rs 8,500 per square yard, in the span of one month. The new plotted developments are planned at nothing less than Rs 9,000 per square yard.

Builders see a lot of scope in this area for another 3-5 years, because of the reasons such as improved connectivity with Gurgaon, connectivity with the upcoming Kundli-Manesar-Palwal expressway, the new industrial investments etc.

Bhiwadi-Dharuhera, with social and physical infrastructure and civil amenities in place, have emerged as a credible alternative to Gurgaon. The real estate sector has a robust future here along the NH-8 (Delhi-Jaipur highway).

Bhiwadi is on its way to becoming the residential suburb to surrounding MNCs and industrial complexes in Manesar (Gurgaon) and Dharuhera. Within driving distance from the Sohna-Gurgaon cluster, Bhiwadi is the new focus suburb of Delhi.

The unaffordable prices in Gurgaon has made this location an attraction for middle class investors. Salaried individuals on the lookout for investment opportunities in the range of Rs 10-40 lakh, are able to meet their budget only in Bhiwadi-Dharuhera. New apartments in Manesar have started to command Rs 80 lakh.

Bhiwadi is increasingly becoming a premium and well managed town that offers all the conveniences required for comfortable living as well as efficient functioning. The future prospects of the town would bring about good investment opportunities.

Source - Indian Express

BHIWADI - THE NEXT INDUSTRIAL HUB

    APART FROM THE STRATEGIC LOCATION OF BHIWADI, THE OTHER ASPECTS THAT ARE ENTICING CORPORATES TO SET SHOP HERE ARE LOW PROPERTY RATES, EXCELLENT INFRASTRUCTURE, LOW COST OF LIVING, LOW POPULATION DENSITY AND LOW POLLUTION LEVELS 

    THE RATE OF POPULATION GROWTH IN BHIWADI ALSO GUARANTEES A FUTURE REPLETE WITH OPPORTUNITIES FOR REAL ESTATE, RETAIL AND HOSPITALITY INDUSTRIES

    Located on NH-8 and only 32km away from the Indira Gandhi International Airport, Bhiwadi is emerging as the next industrial hub leaving behind other place of the National Capital Region. Over the last couple of years, the quiet town has undergone a sea change metamorphosing into the third largest industrial center of India. Today, it is home to umpteen top-notch global industries. 

    Bhiwadi in Rajasthan is part of the 2021 National Capital Region Plan. It is already an industrial hub with over 2,500 industrial units and has acquired the status of a prized real estate destination. Bhiwadi also serves as a gateway to Rajasthan. 

    Bhiwadi has immense location advantage as it has a direct approach to NH-8 (which is linked to the eight-lane road from Gurgaon to Mumbai), a link to the Delhi-Mumbai Industrial Corridor (DMIC) intersection, and proximity to Gurgaon, IMT Manesar, Bawal, Alwar, Neemrana, and Delhi in particular. Apart from the strategic location of Bhiwadi, the other aspects that are enticing corporates to set shop here are low property rates, excellent infrastructure, low cost of living, low population density and low pollution levels. 

    Another advantage of Bhiwadi is that it is only a few kilometres away from another industrial hub, Manesar. When compared to Gurgaon, the prices are more reasonable in Bhiwadi. This is indeed a possible reason for the fast growing popularity of this area. 

    Bhim Yadav, the chief executive officer of Falcon Realty Services Pvt Ltd, says: "In other words, it can be said that the rapid industrial growth, combined with wellconnected roads and routes, have truly made this place one of the best destinations. The rate of population growth in Bhiwadi also guarantees a future replete with opportunities for real estate, retail and hospitality industries. Developed by government and private collaboration on bare land, the residential and commercial areas are clearly demarcated making the development absolutely hassle-free. We foresee a bright future for the area and in fact, the whole stretch of NH-8 leading up to Alwar is witnessing a spurt in real estate development." 

    Sumit Bansal, joint managing director of Innovative Infra Developers Pvt Ltd, says: "Bhiwadi has a big location advantage of being very close to Delhi, as well as being well connected to NH-8. It is attracting industrialists not only from Delhi but also from Punjab and other part of India. It is an undeniable fact that of late, Bhiwadi is a booming destination in the real estate industry. Another advantage of this project is that it is proving its worth for both residential and commercial clients. Apart from this, the location surely boasts of being well connected to the nearby schools, roads, hospitals, post offices, banks. Bhiwadi also has a flawless water supply system." 

    Navin M Raheja, the managing director of Raheja Group, says: "Bhiwadi is putting all its efforts in creating better facilities for its prospective buyers. Its affordable prices and value for money is one of the biggest advantages. As a result, even middle-class people can think of buying property in Bhiwadi. Newlyconstructed apartments are in high demand and most of them have already been booked. Apart from these developments, the city is undergoing a lot of investor activities." 

    Currently, a few of the prominent ventures in Bhiwadi include the car plant of Honda Siel in Khushkhera, Reliance's power plant in Jhajjar, an SEZ of Reliance, the KMP Expressway, etc. The KMP Expressway links Bhiwadi to Bawal, Rohtak and Panipat. The rapid industrial growth, combined with the well-connected roads, has truly made this place one of the best destinations. Naturally, this puts pressure on housing needs and it was in this context that the Rajasthan Housing Board spread its activities in this industrial town 

    The developers who are flocking to this destination include Parsvnath, MVL (real estate division), Ashiana, Jagriti Infrastructure, Kajaria, M Tech, Ashiana, and MTech developers. This place is also a preferred destination for group-housing projects (by MVL, Ashiana, MTech, Kajaria, Parsvnath) and malls (BB Mall by Jagriti, Capitol Mall by Rajasthan government), among others. 

Source: Times of India