In the midst of the bustling cities of the National Capital Region (NCR), Bhiwadi is undergoing a quiet yet remarkable transformation. Once known as a rural area, it is now emerging as "New Bhiwadi and Extension Area," catching the attention of real estate experts, investors, and homebuyers.
If you're searching for an attractive blend of luxury and affordability in the NCR, Bhiwadi stands out as a hidden gem. From housing costs to the overall lifestyle, it offers a stark contrast to its pricier neighboring cities. The affordable nature of Bhiwadi is attracting the attention of prospective homeowners and investors alike, who see immense potential in the area.
One of the driving factors behind Bhiwadi's growth is the availability of land for development. Land prices in Bhiwadi remain significantly lower than in other NCR cities. Furthermore, Bhiwadi's infrastructure and connectivity are steadily improving, making it a strong competitor to cities like Gurgaon. As a result, luxury homes in Bhiwadi are in high demand, as confirmed by real estate experts.
The luxury housing segment in Bhiwadi is booming. In the first half of 2022, data reveals that 14 percent of all units sold in major Indian cities were luxury homes. This is a significant increase from the 7 percent recorded in 2019, indicating a growing interest in luxury real estate in Bhiwadi.
Bhiwadi is also witnessing changes in its retail landscape. Homebuyers are increasingly gravitating towards larger flats, plots, and villas. Even housing units that were previously overlooked are finding eager buyers in the market. Vishal Gupta, Managing Director of the Ashiana Group, attributes this surge in demand for luxury homes to the increase in housing unit sales, especially during and after the pandemic.
Micro markets in Bhiwadi, such as Khushkheda and Tapukada, are becoming hotspots for modern living. These markets offer a wide range of options in prime locations at the heart of Bhiwadi. With a steadily improving infrastructure, a thriving industrial sector, expanded facilities, and well-connected roads, Bhiwadi presents a wealth of opportunities.
Bhiwadi's allure doesn't stop at affordable luxury; it's also a hub of employment opportunities with excellent connectivity to major NCR cities. This unique combination positions Bhiwadi as a top choice for homebuyers and investors. The future of Bhiwadi is undoubtedly bright.
To illustrate the affordability factor, consider this: in NCR, flats in Manesar are priced between Rs 6,000 to 8,000 per square foot, in Gurugram-Sohna at Rs 8,000 to 10,000, and on Dwarkadhish Expressway at a steep Rs 15,000 to 17,000 per square foot. Meanwhile, in Bhiwadi, prices currently range from Rs 3,000 to Rs 3,500 per square foot, making it an attractive choice for those seeking luxury without breaking the bank.
As the demand for luxury homes continues to rise, Bhiwadi is poised to shine as the next big thing in NCR's real estate landscape. Whether you're an investor looking for opportunities or a homebuyer seeking the perfect blend of luxury and affordability, Bhiwadi is the place to explore. This unassuming town is on the cusp of a golden future, and it's time to seize the opportunity. It's a place where dreams of affordable luxury can be realized, and its future looks brighter than ever. So, keep your eyes on Bhiwadi; it's a rising star worth considering for your next real estate investment or home purchase.