A lot of buzz is made around Bhiwadi as being an investor’s
paradise. We thought of looking at it and share our views on the same. Here we
go! We first heard about Bhiwadi from a close friend, a transport fleet owner.
He proposed Bhiwadi as one of the best places to invest, about a year back. Let’s
see what has been the price trend in property in last one year.
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| Source: www.makaan.com |
The above chart depicts the trend
of real estate prices for last 12 months in Bhiwadi. It shows a handsome growth
of 13.72% YoY in the prices. So prima fascia our friend’s suggestion looks
appropriate. Let’s now dig deeper in its details.
What is going positive for Bhiwadi?
There are several things working
in favour of Bhiwadi at the moment. Some of which we could make out are:
Current Price Range
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One thing to note from the above analysis by www.makaan.com is the price range, which
lies comfortably between Rs. 2,200/sq.ft & Rs. 2,800/sq.ft. At this price
range, it is extremely affordable and convenient for a small & medium
investor to make the investment & one can expect a decent to good returns
in the short term as we explained in our last post.
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Strategic Geo-location
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Bhiwadi is located at a small offset from NH-8, one of India’s most
important National Highways. It connects New Delhi & Mumbai, the most
important trade hubs in India. This location paves way for an enormous
industrial growth in the region. Bhiwadi is making full out of this
opportunity.
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Proximity to NCR
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Bhiwadi is located in Alwar district, Rajasthan at a distance of 50
kms from NCR (National Capital Region), Delhi. This proximity makes it an
ideal home destination for the working middle class of NCR & Delhi.
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Support by RIICO
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Rajasthan Industrial Investment Corporation (RIICO) is taking every
possible step to harness the growth potential that Bhiwadi is showing. New
industries & corporations are being invited and SEZs are being developed
in and around Bhiwadi to boost the economic growth of the region. It is a
fast emerging Tier II city in Rajasthan.
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Decline of Dharuheda
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Dharuheda,
another major industrial hub located in Haryana is just 10 minute drive from
Bhiwadi. The non-cooperation by Haryana government in the development of
Dharuheda is giving opportunity to Bhiwadi for development. Industries are
now moving to Bhiwadi from Dharuheda where the land prices have already
soared to more than 200% of that in Bhiwadi.
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Positive Sentiments & Word-of-mouth Publicity
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This is one aspect that is helping Bhiwadi the most in the current
scenario. On every discussion forum, news articles, investors’ guides etc.,
Bhiwadi is getting only praises. Also the brokers and the investors favor
investment in the town over any other place. This is one region that new
investors are rushing to grab their piece of land in Bhiwadi.
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| Source: Indiatimes |
Can Bhiwadi become the next Gurgaon?
If we look at the growth story of
Gurgaon, it has emerged from rags to riches in a period of 15 years. The sole
reason behind its success is industrial & real estate development. From
what we can see in Bhiwadi, it looks like that it is also running on the same
track as Gurgaon. The industries are growing like weeds and the town also lies
on a node of upcoming mega
development project DMIC by Government of India.
The only threat that we can see in
front of Bhiwadi is the Master Plan of Gurgaon, which intends to smoothly take
away the advantage from Bhiwadi. Also the now-quiet lion - Dharuheda can be a
cause of trouble for Bhiwadi.
But looking through a bird’s eye
view, Bhiwadi is on its way to next Gurgaon, in next 10 years & one can
easily expect a property growth rate of around 15-20% per annum for next 5
years in Bhiwadi.
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| A NEWS article showing the potential of Bhiwadi to become a World-class city |
Closing Thoughts: Bhiwadi offers
an excellent investment opportunity for small investors and if you are looking
forward to double your money in few years’ time, get your tickets done for
Bhiwadi!
------ Thanks for reading RealT Horizon :) Happy Investing ------
