Tag Archives: Ashiana Angan Bhiwadi

Realty boom changing Bhiwadi’s socio-economic barrier

Posted on by Track2Realty

By: Ravi Sinha

Ashiana Angan Bhiwadi, Ashaiana Angan Phase 3, Delhi NCR real estate, Bangalore Real Estate, JLLM, Jones Lang LaSalle Meghraj, Track2Media, Track2Realty, ravi sinha, india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, KP Singh, DLF, Unitech, Emaar MGF, ndtv.com, ndtv, aajtak, zee news, india news, property news, real estate news, 99acres.com, 99 acres, indianrealtynews.com, indianrealestateforum.com, Indiabulls real estate, BSE, Bombay Stock Exchange, Mumbai Real Estate, India PropertyTrack2Realty Exclusive: When Purushottam Sharma, a government officer was posted in Bhiwadi seven years back, it was like a punishment posting. He sulked, the family resented yet with no infrastructure living in Gurgaon and travelling daily to Bhiwadi was something that was not feasible.

Much water has flown under the tiny hamlet called Bhiwadi and today the same Sharma has no grudge shifting to the city. As a matter of fact, like many of his colleagues he has also bought a plotted house over there and planning to book second flat in an apartment.

Like Sharma many of the government officials and even professionals from the MNCs have either bought a flat in Bhiwadi or are planning to buy. Those who can not afford in any other part of the NCR are actually finding it a better market as per their needs and aspirations. Many of them plan to settle over here post the retirement also.

It is no longer mismatch of lifestyle in terms of people from two different worlds living in the same city either. Realty boom in this part of the world has certainly created a level playing field with the more matured urban metropolis of Gurgaon and other parts of the NCR. While people are upgrading their lifestyle, multinationals have found out a new location and the real estate developers are smiling their way to the bank.

The first wave of migrant population that had been witness to a widening cultural gap is gradually settling down. Land has made the native people rich, culturally more inclusive and socio-economic barrier is changing fast. The new found affluence and exposure to city life is making this once sleeping city more and more aspirational.

This aspiration is not just confined to the mall culture or investment in better houses, but in general what can be vouchsafed in sociology is that the rural push has blended with a fine balance of urban pull.

What has actually worked in favour of the real estate developers active in Bhiwadi is the fact that many of them have been witness to such socio-cultural transformation in other parts of the country in general and Gurgaon in particular. And hence there is a method in their expansion. The focus has been more on the residential and industrial developments in the initial phases and it is only in the last few years that the retail has started spreading its wings.

Of course, it will take some more time as spending habit is not there in the old Bhiwadi population. But with malls promising to change the lifestyle of Bhiwadi, it may change its outlook in another few years. After all, mall developers in the city are seasoned players in retail business who understand the opportunity cost with land being cheaper, they may eventually have the first-movers advantage and be a game changer move by the mall developers.

This raises the fundamental question whether lifestyle aspiration in Bhiwadi has been keeping pace with the real estate boom in the city. More importantly, has the native Bhiwadi population been able to adapt to the urban lifestyle the way it has been in Gurgaon.

Realty analysts believe a lot has changed in the last 5-6 years in Bhiwadi. More job opportunities in industries have only aided the change in lifestyle of the people. Moreover, outsiders too now prefer to stay put in Bhiwadi and this has brought modernity closer to the city.

If the planned projects, including the integrated townships are any indication, Bhiwadi may end up giving a match to some of the other matured property markets of the NCR where the developments in the early stages had not been as inclusive and holistic as witnessed in Bhiwadi.

Though it is difficult to quantify how long Bhiwadi will take to catch up with the peer destinations like Gurgaon-Manesar in terms of bridging the socio-economic gap, but with the kind of growth and infrastructure development that is happening in Bhiwadi, the city may soon catch up with its peers.

Affordable Bhiwadi emerging as property hot spot

Posted on by Track2Realty

Ashiana Angan Bhiwadi, Ashaiana Angan Phase 3, Delhi NCR real estate, Bangalore Real Estate, JLLM, Jones Lang LaSalle Meghraj, Track2Media, Track2Realty, ravi sinha, india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, KP Singh, DLF, Unitech, Emaar MGF, ndtv.com, ndtv, aajtak, zee news, india news, property news, real estate news, 99acres.com, 99 acres, indianrealtynews.com, indianrealestateforum.com, Indiabulls real estate, BSE, Bombay Stock Exchange, Mumbai Real Estate, India PropertyTrack2Realty Exclusive: Seen as the poor cousin of Gurgaon-Manesar till only recently, Bhiwadi is fast emerging as the property hot spot and the price appreciation in this sleepy town not long ago has actually been steadfast in the last four-five years.

With economic activity on the upswing and expatriates preferring to stay over here, added to the skyrocketing of property prices for the workforce of Gurgaon-Manesar, Bhiwadi has actually performed better than many glorified micro markets on the map of real estate.

Enhancing its appeal as a serious real estate market, Bhiwadi’s property has seen a steep escalation in sales and rental values. Facts speak for themselves. In 2007, the property that was Rs.1700 per sq ft has today appreciated to Rs. 3000 sq ft.

Bhiwadi has seen 20 to 30 per cent appreciation in last 2-3 years on an average and this appreciation is expected to go high in coming years. Property analysts believe the expected price appreciation in the next couple of years is somewhere in the range of 60-70 per cent which actually would be a case study in today’s otherwise stagnant property market.

Due to its smooth connectivity to the capital and moreover, with all of its surrounding industrial settlements, Bhiwadi has received mega push for realty to flourish. According to Master Plan of Greater Bhiwadi 2013, the Greater Bhiwadi Complex comprising Bhiwadi, Tapukara, and Khushkhera has been outlined as the priority areas for the overall spatial development.

Ankur Gupta, JMD, Ashiana Housing says these areas have been promised to receive major infrastructure like roads, transportation, water, sewage facilities and education facilities. Retail and commercial projects like Village Center, Angan Plaza are already there and many more Landmark developments are also coming up.

Good number of healthcare facilities, including private clinics and hospitals, nursing homes and government hospitals are located here. Shopping complexes and malls are also coming up fast. Top-notch recreation facilities like Treehouse, Classic Golf Course, Wet & Wild Resort, Country Club Resort and Heritage Village are in proximity too.

The question is has the economic activity kept desired pace to sustain the projected growth and the life style. Critics feel in the absence of stead fast pace of economic activity the market may end up being another investors’ haven.

“I don’t believe that economic activity is not happening with desired pace. In fact, given the fast pace of development in Bhiwadi, Ashiana is coming up with a whole Township in Thara which will be christened as Ashiana Town. These are the developments which will give a boost to the city. Besides, being strong industrial, retail and hospitality hub, Bhiwadi’s real estate is truly propelled by multiple drivers,” says Gupta.

It is true that Bhiwadi carries the tag of affordable destination since land price in this micro market is still on a lower side as compared to Gurgaon and this is the reason why property in Bhiwadi is available at approx. one tenth the price of Gurgaon. However, due to its location, Bhiwadi has been pulling out buyers from NCR, Gurgaon, Manesar to name a few.

Besides, more employment opportunities have seen people preferring to stay in Bhiwadi than commute to work. Also, a large number of floating population from nearby cities is still high, which needs to be catered to. Also the rise of nuclear families have seen emergence of more demand for dwelling units in the region.

This also raises a fundamental question whether the absence of large developers in Bhiwadi has kept the market less speculative and free of investors’ parking?

Surender Goyal, AVP, Omaxe asserts it is a misnomer that absence of larger developers in Bhiwadi is the reason why property prices are reasonable. According to him, projects in Bhiwadi are reasonably priced and increase in demand has seen a premium of approx. 200 per cent in last six years. The authority has been proactive in ensuring that the town has all the necessities like schools, hospitals etc. All of it is because of the fact that industries have been there for a long time now.

“In order to make Bhiwadi further attractive for investment, including large amount FDI, the government has proposed several measures in and around the region – like  among the seven NIMZ along the Delhi-Mumbai Industrial Corridor (DMIC), one is at Khushkhera-Bhiwadi-Neemrana belt, which is already approved, two new airports — in Neemrana and Jodhpur, the operational Dharuhera-Bhiwadi bypass road, bullet train from Delhi to Neemrana etc are some of the proposals that are bound to take Bhiwadi on the World Map,” says Goyal.

However, on ground work needs to be speeded up further to ensure a balance between growth, population increase and urbanization takes Bhiwadi on the top of the realty pyramid. It is affordable at the moment, and no longer seen as the poor cousin of Gurgaon-Manesar. If the growth projection is any indication, Bhiwadi may turn out to be a case study in how a tier-II city can be channelized as the investment magnet.

Ashiana launches lifestyle residency in Bhiwadi

Posted on by Track2Realty

Ashiana Angan Bhiwadi, Ashaiana Angan Phase 3, Delhi NCR real estate, Bangalore Real Estate, JLLM, Jones Lang LaSalle Meghraj, Track2Media, Track2Realty, ravi sinha, india realty news, india real estate news, real estate news india, realty news india, india property news, property news india, KP Singh, DLF, Unitech, Emaar MGF, ndtv.com, ndtv, aajtak, zee news, india news, property news, real estate news, 99acres.com, 99 acres, indianrealtynews.com, indianrealestateforum.com, Indiabulls real estate, BSE, Bombay Stock Exchange, Mumbai Real Estate, India PropertyAshiana Housing has launched luxury apartments, Tree House Residencies in Bhiwadi. The project consists of thirty six apartments, spread over a total of nine stories in four towers in the area of 1 acre land.

These are high-end apartments with a choice of thirty-four 4BHK apartments in the area of 3255 sq. ft. and two 5BHK apartments in the area of 3755 sq. ft. It promises excellence in the living archetype with a wide range of facilities like, in-house gymnasium, children’s playing area, community hall and much more. They have ensured that everyday living is a pleasure at Tree House Residency with the membership of well-equipped facilities at Treehouse hotel, spa and club.

The structures are earthquake resistant, vitrified tiles in living and bedrooms, digital ceramic tiles for balconies, kitchen, utility, areas and with false ceiling. It offers 1000 watt backup power for each flat along with emergency back up for water pump and common areas.

Tree House Residency customers will have access to the residential club house with facilities such as swimming pool, spa, food courts, gym, sports bar, rest­aurants, tennis court, business centre, For safety, it will have high-level security with fire sprinklers and fire hydrants.

Vishal Gupta, Managing Director, says, ‘We share a very special bond with the place Bhiwadi. Our every project in Bhiwadi seeks to bring about a constructive transformation in the lives of millions and build a world into the land of serene coexistence for every resident. The Tree House Residency in our new offering in that group with all the contemporary and modern conveniences.”

The apartments will come with pre – fitted with split air conditioners, electronic kitchen chimney and other necessary amenities, besides, a separate staffroom for usage of outsiders. Each apartment will cost around Rs. 1.25 crore to 1.5crore.