Investment zones on NH-8

Several builders have announced projects along the NH-8, in anticipation of future development along this stretch. Here, some of the developing belts like Dharuhera, Bhiwadi, Neemrana, and Kotkasim are taking advantage of their location; residential projects, educational institutions, healthcare facilities and modern urban infrastructure are the USP of this zone.
The region, fanning out on a radius of about 30km, including Gurgaon, Manesar, Bawal, Tapukara, Neemrana, Khushkhera, Bhiwadi, Shahjahanpur, Behror and Kotkasim, is expected to have investment worth millions of dollars in its industrial sector. The Delhi-Mumbai Industrial Corridor along NH-8, 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-ITeS), automobiles, glass technology and services industries, etc, from Japan, Singapore, Malaysia, the US, Korea and China.
According to one estimate, the emerging industries in this region are expected to attract nearly 1.5 million skilled and semi-skilled working people from all over the country, and abroad. Honda Motors, Asahi, Saint Gobain and Musashi, have already set up some of the world’s largest car and glass plants in this corridor. American companies like Becton, Dickinson & Company and Hollister are also in the process of establishing their firms here.
Developing areas
Kotkasim
Projects like the Japanese Industrial Zone and the National Investment and Manufacturing Zone near Kotkasim come under Mundawar tehsil of Rajasthan’s Alwar district. A rapid transport system has been planned near Kotkasim, apart from a bullet train service between Delhi-Neemrana. Another big development in the area is the plan for an airport in Kotkasim; this has been proposed to facilitate the mobility of CEOs of international and national corporations that are setting up shop here. Bhim Yadav, the chief executive officer of Falcon Realty Services Pvt Ltd, says: “We are developing a Global Eco-City near Kotkasim in Alwar along the NH-8. The project will be raised over 35 acres in the first phase and will encompass a mix of executive homes, weekend homes and premium villas. Our understanding of the consumers’ requirements and what should be offered to them has helped us in designing the largest secure, gated and master-planned community development on NH-8.” “Because of the global investments coming up on the corridor, Global Eco City’s Jacaranda Crest has been designed keeping in mind the profile of clients, a majority of whom will be from abroad. There is an urgent requirement of almost 3,000 luxury houses to accommodate these top professionals,” Bhim Yadav says.
Dharuhera
One township that has risen from obscurity and emerged as a promising land is Dharuhera. Some of the highlights of Dharuhera include investments worth Rs 3,000 crore in Bawal, a car plant of Honda Siel in Khushkhera, the KMP expressway, the SEZ of Reliance, the Japanese corridor, etc. The facilities in this satellite town do not end here. It boasts of shopping malls, a cineplex, hospitals and schools, a bus stand, a police station and ATMs of leading banks – all adding to the charm of living a modern lifestyle in an urban setting. Some leading realtors like Avalon, Bestech, Parsvnath, Ansal (API), M2K, Tivoli, SNG and BCPL-Vardhman are tapping into its huge potential and making their mark. Jaideep Aggarwal, the director of Vardhman, says: “Dharuhera, which has emerged as one of the prime locations for living after Gurgaon and Manesar, has huge potential. It offers promising returns on real estate investments, as its close proximity to Delhi offers best value for money for investors.” Vardhman has launched its first residential project, Springdale, in Dharuhera, along the NH-8. Springdale offers smart architecture, which simply means more space and privacy. Navin M Raheja, the managing director of Raheja Group, says: “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 also be able to reach cities in Punjab and UP at an unbelievable speed.”
Neemrana-Behror
Situated on Delhi-Jaipur NH-8, Neemrana-Behror is expected to have top-class residential developments. With multi-dimensional development on in the region, the reality graph in Neemrana-Behror is on a high. Proposed green townships like Officer Enclave will be the icing on the development cake and offer investment options as well as luxurious living. The Rajasthan government is stressing a lot on the development of this entire zone as a modern urban area. The current industrial boom is boosting the real estate in this area. This area is also a high-density tourist zone.
(Source: Times Property in The Times of India, New Delhi)

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