Strategically developed in the National Capital Region (NCR), Bhiwadi has been swiftly transforming into one of the sought-after real estate destinations, propelled by its well-planned advantages and burgeoning development projects. This lesser-known industrial town is gaining attention due to its fast-developing infrastructure and a broad spectrum of commercial and residential ventures.
Situated along the pivotal Delhi-Jaipur highway, Bhiwadi is already home to a diverse array of projects, including niche markets like senior living. Its proximity to major business hubs like Gurugram and Delhi, with just a half-an-hour drive from Gurugram via NH-48, further enhances its allure.
Bhiwadi boasts excellent connectivity to key NCR areas, including the Indira Gandhi International Airport, major highways like NH-8 and NH-48, making it an attractive destination for both investors and home seekers. The upcoming Delhi-Gurugram-SNB RRTS Corridor, set to run along NH-48, promises to elevate connectivity and stimulate economic activities across the region.
Santhosh Kumar, vice chairman of ANAROCK Group, said, “Once a sleepy village in Rajasthan, Bhiwadi has emerged to be a prominent industrial hub in Delhi-NCR over the last two decades with mostly blue-collared people working and staying here. Thus, it is essentially a low-cost housing hub of NCR with new supply essentially catering to the blue-collared working class over the years. If we consider past and present residential trends in Bhiwadi, the region saw several launches a decade back, but y-o-y the new supply reduced, largely because there was an oversupply situation created in the market.”
The city is known for its systematic and meticulous town planning, divided into three belts — industrial zone, commercial zone, and residential zone. Oftentimes, it has been credited as a new growth vortex shining as a beacon of hope in terms of growing urbanization, industrial development, and rise of residential real estate with the emergence of affordable housing and plot settlement options compared to cities like Dharuhera, Manesar, and New Gurugram, etc.
Ankur Gupta, joint managing director of Ashiana Housing, which has a luxury senior living township in Bhiwadi, said, “With the evolving infrastructure landscape, Bhiwadi is poised for unprecedented growth. The planned Delhi-Mumbai Industrial Corridor (DMIC) and the proposed extension of the Delhi Metro to Alwar are catalysts that will further accelerate Bhiwadi’s development trajectory.”
Furthermore, realtors’ associations such as CREDAI are advocating for crucial linkages, including the integration of Bhiwadi with the Delhi-Mumbai Expressway. Such initiatives aim not only to boost economic growth but also to facilitate smoother movement of goods and people, fostering regional development and prosperity. These strategic steps underscore Bhiwadi’s ascension as a pivotal player in the NCR’s real estate landscape.
“We are positive about the profits that the region offers in terms of returns and have been contributing to the region’s real estate market efficiently with one-of-its-kind projects,” Gupta said.
Bhiwadi’s trajectory promises substantial growth as it harnesses its strategic location, robust infrastructure, and connectivity to major economic centers. With ongoing developmental programs and proposed infrastructure projects, Bhiwadi is poised to emerge as a prime real estate destination, offering lucrative opportunities for investors and a promising future for residents.
According to an ANAROCK report, a decade back in 2013, the region saw new supply of as many as 19,520 units which dipped to nearly 17,980 units in 2014. But, 2015 onwards, the supply declined significantly to 5,340 units and in 2016, there was absolutely no new supply added to the market. If we consider the new supply trends from 2017 onwards, Bhiwadi saw an addition of just 4,270 units between 2017 and H1 2023. This clearly indicates that developers are restricting new supply into the market considering that ample new supply was added 10 years back.
In terms of demand, ANAROCK Research indicates that as many as 46,760 units have been sold in Bhiwadi between the period 2013 and H1 2023. Year 2013 saw the maximum housing sales here (approx. 13,120 units, followed by year 2015 when nearly 9,000 units were sold).
