Dharuhera has emerged as a promising destination as far as real estate
in and around the National Capital Region (NCR) is concerned. As Gurgaon
reaches a saturation point in terms of the population it can
accommodate, development of infrastructure, residential and commercial
real estate, in the adjoining locations are being sought by state
authorities as well as private developers to meet the seemingly
insatiable need for housing here. Further, development of transport
links like the National Highway 8 have ensured a significant reduction in travel time, so much so that
executives working in Gurgaon may reside at Dharuhera and not lose sleep
over the commute to their workplace. Dharuhera is situated in the Rewari district of Haryana and is fast
emerging as an industrial hub of Haryana. Hero Honda, Lumax and SAB
Miller are among the major industries located here. The level of
infrastructural and industrial development being higher than most
neighbouring areas, a number of Indian corporates and MNCs are making a
beeline for Dharuhera. Commercial expansion will naturally entail real
estate development – to provide accommodation for those employed in
these industries. Moreover, the demand would be for affordable housing
options priced under Rs 50 lakh. This is being cashed in by a number of
developers like Vipul Group, Avalon, Bestech and Parsvnath who have launched
affordable housing projects in Dharuhera. The Vipul Group’s “Vipul
Gardens” is an affordable group-housing project strategically located on
NH 8. This project was launched in early 2010 and is expected to take
approximately 30 months to complete. It offers 1, 2 and 3 bedroom
apartments in a price range of Rs 15-35 lakh. According to Dipankar
Chaudhury, marketing manager of the Vipul Group, “The response so far
has been decent considering that the project is still in its early
stages and gives reason to be optimistic about the future.” The target
end users for Vipul Gardens comprise people employed in the neighbouring
industrial areas of Bhiwadi and Rewari, in addition to those working in
Dharuhera itself. Moreover, the commercial hub of Industrial Model
Township (IMT) Manesar, 24km away, is expected to provide ample
clientele for this project. The Parsvnath Group launched “Parsvnath
City”, an integrated township in Dharuhera, comprising three residential
projects – Parsvnath Pleasant, Parsvnath Elite Villas and Parsvnath
Elite Floors – all expected to be completed within the next two years.
While all three projects have residential options available at sub-Rs 50
lakh range, Elite Floors is being tagged as the flagship affordable
housing project offering builder floor apartments within a price range
of Rs 17-23 lakh. These are G+2 storey apartments covering 240, 300 and
400 square yards. Parsvnath Pleasant and Elite Villas are airconditioned
luxury housing options priced at Rs 40 lakh and above. According to
Sachin Chopra, senior marketing manager of Parsvnath Developers, “The
response has been fairly good and there is a significant demand from end
users, especially for Elite Floors.” He further says: “People currently
residing in Gurgaon as well as other localities in the Delhi NCR have
expressed interest in this project due to the low price range and the
advertised facilities within the integrated township of Parsvnath City.
Good connectivity – the site is strategically located on a national
highway – is an added advantage. Parsvnath’s projects break the clutter
by offering low-rise structures and luxurious facilities at very
affordable price ranges.” Bestech City is an integrated township
launched by Bestech Developers at Dharuhera on NH 8. Its major
residential project is “Bestech Park View Delight”, which comprises 2,
2+study and 3 bedroom multistorey apartments with a starting price range
of Rs 18-22 lakh. In addition, Bestech City offers within the township
facilities like a nursery and primary school, nursing home, among other.
According to Kumar Shashi, marketing manager of Bestech Group: “The
response has been very good and only 20-30% of the residential options
are still available for sale. The clientele is varied and comprises
people from Gurgaon, other regions of the Delhi NCR, as well as
executives working in the neighbouring industrial areas.” He adds that
Bestech’s reputation with regard to timely delivery of apartments is
what makes it stand apart from the rest. Park View Delight is expected
to be completed in the next R three months.Avalon Launched "
Avalon Rangoli" that is a very good project for Investment. Residential development
in Dharuhera is being driven by the affordable housing bandwagon. While
distance from the more developed regions of Delhi and Gurgaon may work
against it, the availability of low-cost housing options is expected to
bring in the masses due to the rapidly rising property values in Delhi
and Gurgaon. The proposed widening and expansion of the NH 8 bodes well
for the upcoming residential projects in this locality as it will
further cut travel time. Thus, Dharuhera is a locality to watch out for
in the next two years, by when most of the current projects are expected
to be complete.
(Source - magicbrics.com)
for more details contact below
Umesh Kumar
+91-9873780487
umesh.advisors@gmail.com
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