Dharuhera: Bridging distances

Dharuhera and Bhiwadi, which are now easily accessible through Gurgaon-Jaipur highway, are an ideal destination to set up homes for scores of middle class families who cannot otherwise afford a house in Gurgaon or Delhi. The townships are better developed in terms of industry and infrastructure, making it more feasible for real estate development, compared to Manesar. With Gurgaon becoming a megapolis, and over commercialization turning into a bane, prospective buyers now have to scout for alternative destinations around the city. The beneficiary of this spillover is NH-8, also known as the Jaipur highway. Two places benefiting directly from this malady, something that is fast becoming visible as well, are Dharuhera and Bhiwadi. Located along the NH-8, they promise to grow bigger in the years to come. Already dotted with scores of industrial units manufacturing everything from sanitary ware and biscuits to auto components, some realtors say the Reliance SEZ could have a two-fold effect on real estate development in Neemrana. Coupled with the already skyrocketing property rates, Neemrana is also expected to be the most viable option for those looking for a weekend home. Experts say it would still turn out to be cheaper than staying at the Fort hotel. AC Michael, general manager (Corporate Communications) of BPTP Limited, says the graph, has already started on its upward swing. The proposed 25,000-acre Reliance Industries Limited (RIL) promoted special economic zone (SEZ) promises to change the face of the road. To be set up on land stretching along Garhi Harsuru near Manesar and Badli on the Farrukhanagar-Jhajjar road, India’s largest SEZ promises to catalyze investments up to Rs 1,00,000 crore, when completed in 5-10 years. To top it, the much-awaited Kundli-Manesar-Palwal expressway will also cut through NH-8, further fuelling rates in Bhiwadi, Neemrana and even in the outskirts of the Pink City — Jaipur. Since the RIL announcement, although the market was facing a downturn for some time now, realty rates in the area have not fallen. And, once again, Dharuhera and Bhiwadi have cashed in on this phenomenon. This is a reason why every major builder in the NCR has invested here and is developing apartment complexes/townships. According to Sandeep Goel, MD of MSX Developers Pvt Ltd, Dharuhera, even before Bhiwadi, has witnessed record progress on the industrial front in Haryana, in the last few years. The fast-paced industrial and IT development taking place in the area has provided impetus for a rapid growth to real estate and encouraged developers like Parsvnath, Omaxe, Dwarkadhis, GTM, Raheja, Bestech, Avalon etc, to set up townships and retail centers in the area. This naturally puts pressure on the housing needs, prompting real estate developers to cash in on the boom. Though primarily an industrial town, Bhiwadi picked up momentum after residential developments started mushrooming in the area a few years ago. Being the gateway to Rajasthan, it is now the most promising industrial area in the NCR where more than 1,400 industries are already operating. The town is also building a dry port to allow direct dispatch of export consignments. Rohit Modi, MD of Aashiayana Group, says the town now boasts of state-of-the-art residential projects, including a retirement village. He adds that as people make a beeline for Gurgaon, Bhiwadi will be the next big stop in the area. Rakesh Yadav, MD of Antriksh Group, says with regular transportation system operating between Delhi and Bhiwadi and with the proposal to convert the Delhi-Jaipur highway into an expressway, it won’t be long before you have breakfast in Bhiwadi, lunch in Delhi and dinner back in Bhiwadi. In fact, real estate developers says Bhiwadi is one of the most suited destinations for both working-class couples in the NCR and even senior citizens who want to settle down in a peaceful and pollution-free environment. Experts say it would still turn out to be cheaper than staying at the Fort hotel.

(http://content.magicbricks.com/delhi-jaipur-highway-on-fast-track)