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 Property in Bhiwadi - Real Estate Bhiwadi Discussion
It is a promising city as the builder activity is quite intense and investor interest is palpable here. The real estate analysts and property watchers believe that it could be the next big thing as Bhiwadi is growing at quite a fast rate. This is a welcome development for those who somehow were unable to invest in Jaipur. In fact its location is its biggest advantage as it is located in the Alwar district of Rajasthan. Bhiwadi`s location can be aptly described as the one in the center of string of pearls as it is close to New Delhi, Gurgaon, Faridabad and Alwar, and just 200 km from the capital city of Rajasthan, Jaipur, which means that it is lying in between best of real estate markets of India. No wonders then that Bhiwadi is considered a Priority Town or Regional Center of the National Capital Region. The industrial sector is robust, churning out jobs for the hopefuls and real estate sector is in an unbeatable mood as the job market drives the property market here with aplomb. The Rajasthan Housing Board has sensed the growing demand and has brought up several projects that are bound to change the humble image of Bhiwadi. The infrastructure so far is just modest, which is reasonable considering its lower status among heavy weights, but it is bound to change soon. The city came into being in 1975-76 yet the spotlight has, so far, always been on Jaipur and other touristic attraction cities of Rajasthan. But the scenario is changing at a faster rate all thanks to the Bhiwadi-Alwar road, and the Tapukara industrial area. The property in Bhiwadi has the potential of growing even more if some infrastructural investments are made; like there are no major trains that take one to Bhiwadi; the city does not have a bus stand as well. But due to its relatively humble price tag, the investors indeed are checking out the properties here and the Rajasthan Housing Board has constructed 1,874 residential houses to cater to this demand, the Urban Improvement Trust too has constructed 600 houses and has developed a total of 6,900 plots. The major localities of Bhiwadi lie on the Alwar Bypass Road and properties, like the ones in BDI Sunshine City and Alwar Bhiwadi Road etc, have attracted several people who consider buying in Bhiwadi a safe bet.