Business and commercial firms are eyeing Dharuhera as a future industrial and warehousing hub owing to its proximity to the KMP. Dharuhera, which is an industrial town, is expected to be the next residential destination by market sources. Located on NH-8 in Rewari district, Dharuhera is on a 30-minute drive from Gurgaon and is 40 minutes from the IGI airport. It has the makings of the next big satellite city in the region, and is attracting a number of prominent developers. Dharuhera has gained the attention of all business and commercial concerns for future industrial and warehousing options, with proximity to the KMP, RICCO industrial place making it an ideal destination – having the latest hero Honda Plant on the highway is an added incentive.
Rajesh J Aeren R, the vice-chairman and managing director of Aeren R Enterprises, says that as Dharuhera industrial estate is located on both sides of NH-8 and has many large manufacturing plants like Hero Honda motorcycles and Delphi Automotive Systems Pvt. Ltd., it has marked itself out for rapid development. “The township is attracting many real estate developers like M2K County, Bestech City, Parsvnath, Vardhman and Raheja Builders,” he says. Owing to the heavy tourist inflow along the golden triangle, this highway needs to be developed along internationally accepted standards of infrastructure and real estate ventures, both residential and commercial, in order to showcase it to potential investors, Rajesh J says.
The capital value of apartments in this area is from Rs 2,000-2,800 per sq ft. It is a place away from Gurgaon and offers the peace and tranquillity of a suburb. “For buyers looking to live close to Gurgaon at affordable rates, it would be an ideal investment. The development of this area is under way and many builders are making their residential and commercial projects here.”
Manoj Goyal, senior vice-president of Raheja Developers Ltd, said that Neemrana, Dharuhera and Bawal will become one of the biggest industrial zones in the next 5-10 years. Ravi Saund, the chief operating officer of CHD Developers, says that it is a good idea to invest in Dharuhera, as the value of property there is likely to increase, five years from now. “For someone with a budget of Rs 20-25 lakh, who cannot afford in Gurgaon localities, he should block it with an investment in Dharuhera,” Saund says. Several developers are coming up with projects, at Rs 3000-3500 per sq ft, in Dharuhera and Bawal.
With several companies setting base here, the commercial expansion promises enormous scope for future job opportunities. This, in turn, will bring about demand for affordable housing, in the price range of Rs 15 lakh to Rs 30 lakh. This is already being tapped by several developers like Vipul Group, Bestech and Parsvnath, who have launched affordable housing projects in Dharuhera. The availability of low-cost housing options is expected to bring in more demand due to sky-high property values in Delhi and Gurgaon. The proposed widening and expansion of the NH-8 bodes well for the forthcoming residential projects in this locality, as it will further cut travel time. Talking about the slow-paced development in Dharuhera, Kunal Banerji, the president of M3M Group, said it is just like the way Gurgaon developed — first it was just a desert with no infrastructure. Then there was a master plan, which increased the accessibility, made provision for schools, hospitals, sector roads, etc.
(Source: Times Property in The Times of India, Gurgaon)
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