Flats in Bhiwadi

Home sales in India’s nine prime residential markets declined by 30 per cent year-on-year in the October-December 2019 period, even as project launches continued their downward streak, falling by 44 per cent during Q3FY20, a PropTiger.com report shows.

In a move that further boost the prospects of the 1,483-km Delhi Mumbai Industrial Corridor (DMIC), the Centre has planned to link the Shendra and Bidkin nodes in Maharashtra’s Aurangabad through a new highway under the project.

Home buyers prefer going for under-construction properties primarily for two reasons – first, these are more affordable than ready-to-move-in properties; and second, the satisfaction of entering into a brand-new house is immense. However, homebuyers are often left red-faced when developers delay project delivery owing to a number of causes. In many cases, developers cite the force majeure clause to win legal battles. In their excitement to complete the paperwork as soon as possible, buyers often overlook this crucial clause while entering into an agreement with developers. This clause, in fact, facilitates delayed possession.

With a massive growth in the residential, commercial and industrial sectors, Bhiwadi in the National Capital Region is attracting a considerable level of interest from buyers and investors. Spread across 5,300 acres, the city already has more than 2,700 small to large corporate houses. Located near the IT hotspot of Gurgaon, Bhiwadi is also an affordable option for those looking for an apartment ─ you can buy a 1,000-sqft 2BHK unit in the price range of Rs 20-40 lakh, depending on the location, construction quality and amenities. Here are some other reasons why you should consider buying a property in Bhiwadi.

Property prices across 33 cities in India have witnessed a rise of upto 22 per cent in the first quarter of the financial year 2018-2019 when compared to the same quarter of the previous fiscal, shows the National Housing Board’s housing price index, NHB Residex. Prices dropped by upto 13 per cent in 14 cities and remain stable in three, the index shows. The report released on January 2 studies property prices on a quarterly basis across 50 Indian cities, with FY2018 as the base year.