The areas along the NH-8 like Dharuhera,Neemrana-Behror,Kotputli,Bawal,Bhiwadi,Sonipat,etc,will leave Gurgaon far behind in industrial,commercial and residential development once the DMIC is in place,says PUNITA
NH-8,or the Delhi-Jaipur Road,will present an immense opportunity for the India economy and leverage logistic supply in North India once the Delhi-Mumbai Industrial Corridor (DMIC),in collaboration with Japan,is completed.
The place is expected to attract immense foreign direct investment (FDI) through futuristic industrial,residential and commercial developments.It is believed that the developing areas along the NH-8,which include Dharuhera,Neemrana Behror,Kotputli,Bawal,Tapukara,Khushkhera,Bhiwadi,Sonipat,and Kotkasim will leave Gurgaon far behind in industrial,commercial and residential development,what with Japanese Industrial Zone and other major international developments coming up in the area.With multi-dimensional development going on in the region,the reality graph in Neemrana-Behror is also on a high.This developing area is expected to attract MNCs and big-ticket Indian firms to set up industrial projects worth millions of dollars in the near future.The Delhi-Mumbai Industrial Corridor,along the NH-8 in the NCR,where multiple Special Economic Zones (SEZ) have been approved by the government of India,is attracting Foreign Direct Investment (FDI) in real estate,information technology (IT and ITeS),automobile,glass technology,packaging,logistics and cargo,heavy machinery equipments,construction material,medicine,food processing,electrical components,metal and metal processing,services industries,financial services,hospitality,garments and trading from Japan,Singapore,Malaysia,the European countries,the US,Korea and China.It is estimated that these emerging industries will attract skilled and semi-skilled working population of approximately 1.5 million from different parts of the country and abroad. "We are developing a Global Eco-City near Kotkasim in Alwar in Rajasthan.The project,over 35 acres in the first phase,will encompass a mix of executive homes,weekend homes and premium villas.Our understanding of consumers' requirements and what should be offered to them has helped us in designing the largest secured,gated and master-planned community development on NH-8,"says Bhim Yadav,the chief executive officer of Falcon Realty Services Pvt Ltd.
Neemrana-Behror
Situated on Delhi-Jaipur NH-8,Neemrana-Behror is expected to have one of the best residential developments in the region.The Rajasthan government is stressing a lot on the development of this entire zone as an urban area.The current industrial boom is directly boosting the real estate in the area.Thousands of domestic and foreign tourist travel between Delhi and Jaipur and pass through this highway everyday - and,whoever sees the place,they are attracted to this area.With multi-dimensional development going on in the region,the reality graph in Neemrana-Behror has always been on a high.New projects here have divergent architectural designs.A proposed green township,Officer Enclave,will surely attract investors and end users alike as this place can facilitate business as well as accord luxurious living.
Dharuhera
Harmit Chawla,the managing director of H Corp Realty Pvt Ltd,says: "Haryana has been in news lately,not only for political reasons,but also because there is a buzz in real estate here.Thanks to the recent industrialization,the state is experiencing a robust economy,the effects of which are reflected in its NCR zone.More than a thousand medium and large industries with a capital investment of Rs 200 billion have been established in the state,mainly in Gurgaon,Panchkula and Faridabad.In addition,there are more than 80,000 small-scale industries in the state that cumulatively bring in a substantial income to the state and its people.One township that has risen from obscurity and emerged as a promising land is Dharuhera."
Navin M Raheja,the managing director of Raheja Group,says: "This location has caught the attention of the market not just because it houses many leading industries like Hero Honda Motors and Sony India,but also because of its economic real estate prices.With realty prices rocketing and most of the NCR areas reaching saturation point,investors and homebuyers are now going beyond these surrounding suburbs of the capital to explore new vistas - Bhiwadi,Palwal,Sonipat,Faridabad,and now Dharuhera,topping the list of new destinations."
Some of the salient market developments in Dharuhera include opening of industries worth Rs 3,000 crore in Bawal,a car plant of Honda Siel in Khushkhera,construction of KMP expressway,development of a SEZ of Reliance,the DMIC corridor,etc.Realty prices in main Dharuhera are between Rs 8,000 per sq yd and Rs 14,000 per sq yard.On the outskirts of Dharuhera,towards Jaipur,the rate is Rs 6,000 per sq yd.
Sumit Bansal,joint managing director of Innovative Infradevelopers,says: "Residents will also be able to unwind at the nearby Badkhal lake on weekends or,maybe,go out on picnics to a nearby tourist destination,like Sohna.The eight-lane expressway on NH-8 not only lets commuters reach the airport in just half an hour,but once the KMP Expressway is functional,commuters will be able to reach cities in Punjab and Uttar Pradesh double quick time.The facilities in this satellite town do not end here.It boasts of shopping malls,cineplex,hospital,schools,bus stand,police station,leading bank ATMs - all adding to the charm of living a progressive lifestyle.Some leading realtors like Parsvnath,Ansal API,M2K,Tivoli,SNG and BCPL-Vardhman are tapping into its huge potential and making their mark.
Sonipat
The market here is eagerly awaiting the early completion of the 135km Kundli-Manesar-Palwal Expressway.Also,the area between Kundli and Sonipat falls under a highly industrialized zone.The major names with residential and commercial projects include Landmark Group,Mapsko Builders,Eros Group,TDI,Parsvnath,Ansals,Omaxe,Eldeco,Tulip,Jindal Greens,among others.The land rates have already witnessed an average appreciation by almost 100-150 % over the last couple of years.
