Neemrana 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.