Neemrana – a hot destination to invest in
Famous for its fort, Neemrana is slowly turning from a tourist spot into a popular residential destination. With several educational institutions mushrooming in the area, the physical and social infrastructure, which has long been neglected, is being brought upto the mark by the government. Projected as ‘Global City’ by the Rajasthan Government, Neemrana is set to be the next industrial as well as residential hub of NCR.
Property investment in Neemrana is believed to be healthy in the long run. Ajay Singal, Director, Avalon Group says, “Neemrana is expected to see good appreciation in capital values. With the upcoming Japanese Investment Zone and the Delhi-Mumbai Industrial Corridor (DMIC), there is no limit to the development and growth of Neemrana.” However, Kunal Banerji, President, M3M Group adds, “Investment in Neemrana is futuristic. One needs to have a long term vision to reap good returns in the area.”
Responding to Rajasthan government’s enhanced efforts of improving Neemrana in terms of industrial, residential and educational set ups, many known developers have launched their projects in the area. Some of these are Ashiyana Housing, Eldeco Group, Anant Raj Group and Ashadeep Group to name a few. Factors responsible for giving a thrust to the residential market in the area are:
Neemrana is well-connected by NH-8 and is a popular tourist destination. To better it’s connectivity to Gurgaon and Delhi, the National Highways Authority of India (NHAI) is building 14 flyovers beyond the toll at IMT Manesar. The work on these flyovers, constructed every 5-km, has already begun. Along with this, the widening of the National Highway to 8-lanes is expected to reduce the travel time from IGI Airport in Gurgaon to a considerable extent.
The approval for the high speed Metro project running from Delhi to Alwar via Gurgaon and Rewari is further expected to improve Neemrana’s connectivity in the coming few years.
About 38 universities have received approval for setting up establishment in Neemrana. With these, the area would develop as a major educational hub. The DMIC is another major infrastructure project coming up in this region. The project is financially and technically aided by Japan. Several IT industries, BPOs and Japanese MNCs have started their offices in this area, and several others are expected to join soon.
With such bright prospects, there is no turning back for an area like Neemrana. Property prices are expected to rise further as the infrastructure plans come to reality.
Posted on October 18, 2013, in Real Estate and tagged Flats in Delhi NCR, Flats in Noida, Real Estate Company in India, Real Estate India, Sanjay Rastogi, Sanjay Rastogi Builder, Sanjay Rastogi Builders. Bookmark the permalink. Leave a comment.