Bhiwadi

Bhiwadi is a town in Rajasthan, situated in Alwar district and is on the path of fast industrial development. Being a regional centre of National Capital Region (NCR), it has been put on a fast track development by the government.

The real estate prices in the town have been rising since 2003. This is because of the infrastructural development and the locational advantage of the town. It is well connected to New Delhi by National Highway No.8. It is also near to NCR cities like Gurgaon and Faridabad. This has made it an ideal location for setting up industries.

Bhiwadi is experiencing a high rise in the realty prices owing to companies moving in the town. This has also lead to an increase in the price of residential properties. With the rising demand, the Rajasthan housing board has taken up fast development of housing and industry. Keeping the growing population in mind, a number of houses have been built for working class and other residents.

Residential Real estate
Leading developers are undertaking a number of projects like apartments, new age townships including shopping mall, restaurants, schools etc. Villas are also being constructed keeping the demand for NRIs in mind. Since Bhiwadi is the next realty destination, a lot of residential properties are being developed keeping the future demand in mind.

Industrial real estate
Industrial land rates in the city have appreciating by about 25-30 per cent in the last two to three years. There has been an increase in the number of companies in the town and the number has crossed 1400 units. It is being considered as the most potential industrial area in NCR. Keeping the economic development in mind, the local government is also encouraging building of industrial centers.