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Bhiwadi vs New Gurgaon: Where is the future for real estate?
Bhiwadi, in Rajasthan's Alwar District is the growing Industrial hub near Delhi and NCR region. Due to its proximity with the capital city and relative cost effective plots, it is a hot destination for real estate projects and for people, who are hunting for lower priced properties.

A number of industries have set up shops in the region near Bhiwadi such as Neemrana, Dharuhera, Tapukhera, Khushkhera, Chopanki and Bawal. It is located 55 km from Delhi's Indira Gandhi International Airport, 200 km from the state capital Jaipur, 90 km from Alwar, 40 km from Gurgaon, 60 km from Faridabad and 5 km from NH-8 (Delhi-Jaipur highway) on the Dharuhera-Sohna Road.

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A number of industries such as steel, furnace, electronics, engineering, textiles, pharmaceuticals, printing, cables, rolling mills, food processing, herbal care is sprouting up in the city. Good connectivity and upcoming industrial project makes Bhiwadi the future.

Although, a lot of possibilities are noticed in Bhiwadi when compared to Gurgaon, it would still take a lot of time to catch up. Although a number of industries are coming in the area, connectivity is still a problem.

When we asked Manoj Yadav, owner of MJ Properties, about the reasons for the slow growth rate, he said, “In the next 5-7 years, Bhiwadi would be in league with Gurgaon. Presently the scale of industrialisation in Gurgaon is very high, however, Bhiwadi is yet to catch up with the growth process. People like to live in an area where they work and for now Gurgaon is that place but Bhiwadi is not far behind.”

With the change in the government, a number of changes are expected in the real estate scenario of Bhiwadi. Arrival of Vasundhra Raje led BJP government in the state would ensure industrialization or as Manoj said, “Vasundhara Raje has a special place for Bhiwadi in her heart. Thanks to her, we have the Honda industry here. Thus, we are hopeful that with the change in the government a lot of good work will happen in the real estate scenario in Bhiwadi.”

                  Bhiwadi Vs New Gurgaon

Vimal Kant, a property dealer, while giving his expert analysis on the real estate scenario between Bhiwadi and Gurgaon, said, “Bhiwadi is mainly for the local people and not migrants. People do not like to invest in this area. They do buy plot and withdraw after they make their profits. That is why most of the plots in Bhiwadi is already sold.”

Vineet ReliaVineet Relia, Chief Operating Officer, SARE Homes  “We believe this creates more scope for buyers to see New Gurgaon as a viable option as more and more industries are coming up there. As we know, the periphery of New Gurgaon is an industrial hub which creates more demand for residential space in this area. The area is also going to be well connected to Manesar, Sohna and even NCR region. Price may move up but demand will take care of it eventually.”

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