is a historical and upcoming town in Alwar district, in the north Indian
state of Rajasthan. The town is located on the Delhi -Jaipur highway, about
122 kms from Delhi. The town is becoming popular among real estate
investors, owing to its proximity to Delhi, Gurgaon and Jaipur. A number of
commercial and industrial projects have been started in the town. The
Rajasthan government is also taking steps to ensure fast development of the
city. Real estate prices in the town have nearly doubled since the
announcement of Global city, SEZ and the Kundli-Manesar-Palway expressway
that will intersect NH-8 after completion.
Commercial Real Estate
Neemrana is one of the fast developing towns in Rajasthan in terms of
infrastructure, real estate , setting up of industries etc. This has also
lead to an increase in the commercial real estate prices in the town. The
government has approved the construction of 'Global City' being developed on
40000 acres in Shahjahanpur-Neemrana-Behror area. This city will have a
capacity of housing 1 million people and will also have the Cyber City,
Medicity, Knowledge City, Entertainment City, SEZ City, World Trade City,
Bio-diversity Park .All these cities will have their respective commercial
areas. This is the right opportunity for the global investors to put their
money in the project and also have a high rate of return.
Rajasthan State Industrial Development & Investment Corporation Ltd or
RIICO is also setting up large industrial estate extending 2000 acres called
Neemrana Phase III. This project will also have a residential area with
educational institutes, recreation centres etc.
Industrial Real Estate
The town is attracting numerous companies from across industries for
setting up manufacturing facilities. Companies like Liberty, Hero Honda,
Metplast, Parle agro, Ginni, Rochee breweries are setting up plants in the
town. This has lead to a sharp increase in industrial realty prices.
Japanese companies are also said to have planned for setting up operations
in over 75 acres of land in the town. Another Japanese automobile giant
Nissan is also planning to set up a manufacturing unit.
The government is also setting up Export Promotion Industrial Park (EPIP)
in an area of more than 200 acres and has seen investment by major
companies. The construction of Reliance's SEZ in Rewari has also been
instrumental is influencing the property prices in Neemrana.
Residential Real Estate
The residential real estate in the town is also booming because of the
setting up of Global city . Prominent real estate developers have started
various residential projects. They are building various apartments in
anticipation of future demand, owing to rise in the number of industries in
the town. Integration projects and townships with latest amenities like
swimming pool, tennis court etc are being constructed to cater to the high
income group and NRIs. Proximity to Delhi and Gurgaon, makes it an ideal
destination for realty investment.
Real estate investors, thinking of investing in Neemrana will get good
returns in the near future. With both residential and commercial markets,
booming in the town, now is the right time to invest.