Manesar

Manesar is an upcoming town in the north Indian state of Haryana. This town is situated nearly 50 kilometers from national capital, New Delhi and 17 kms from the IT hub, Gurgaon. The realty boom is fast spreading to Gurgaon's suburbs due to rising demand. The town falls on the NH-8 and has good connectivity with these cities. Being close to these cities also makes it a lucrative destination for real estate development.

Residential real estate
The last two years have seen a high rise of 30-40% increase in residential property demand and prices. With setting up of industrial and IT hub, more and more builders are constructing apartments and independent houses to meet the future demand. Leading developers like DLF and Unitech are constructing world-class townships and ultra modern luxury villas. These properties are ideal for NRIs and have already attracted large sums of investment from them.

Industrial real estate
The Haryana state government is taking various initiatives for attracting large investments from various companies from different industries. With many companies setting up additional manufacturing facilities, Manesar has become the ideal place for manufacturers as it meets their requirements.

Opening up of technology park in the town will further escalate the already rising realty prices. An IT park has also got approval from the government, making it easier for large IT companies to set their offices in the town.

The real estate market in Manesar has witnessed a very high growth since MNCs have decided to set up their establishments in this known city of Haryana. This small village has been completely transformed into an industrial hub and witnessed a large scale infrastructural improvement in the last few years.

Commercial real estate
With the ongoing development in the town, the commercial properties have also registered a 40-60 % growth in prices and are expected to rise further. Shopping complexes and malls are under construction for meeting the demand of the increasing population.

Another factor that has lead to an increase in prices of real properties in the town is the development of Kundli-Manesar-Palwal Expressway. This expressway will cover the distance of nearly 135 kms. And is touted as the longest Indian expressway. The town is the city of the future with industry-specific infrastructure, service ancillaries, etc. The HSIDC has also earmarked sector 2 for completely commercial activities.