5 Most Affordable Localities Beyond NCR
The National Capital Region (NCR), including Gurgaon, Noida, Ghaziabad and Faridabad, has been one of the top scorers for real estate owing to a rapid infrastructure development. With huge money being invested by corporates, developers and even government to bring these on par with the national capital Delhi, the residential real estate in NCR has seen a constant rise in property price and at present are deemed as expensive real estate pockets. But, there are certain localities that are beyond but in proximity to the NCR that are being explored by developers to develop residential projects for those looking for affordable apartments.
One such city on the outskirts of Gurgaon is Bhiwadi. A locality being considered as a great bet for investors and home buyers looking for apartments in NCR at an affordable price. In fact, Bhiwadi is considered to be one of the least expensive areas on the outskirts of NCR.
Here is a list of five least expensive markets in Bhiwadi that you should be looking at for both investment and end use:
- Sector 76
Sector 76 is one of the well-known areas in Bhiwadi region. With a strong infrastructure in the face of well-equipped hospitals and schools, this locality is being explored by home buyers for comfortable living. The locality is also a goldmine for investors as it is still in the development phase thus, lower property rates which will scale once the area is fully developed. The area is home to many affordable projects being constructed by developers including ABW, Ninex, Corona and Emaar MGF. You could buy an apartment in Sector 76 Bhiwadi for an average price of Rs 1,629 per sq ft.
Tijara, a district in Alwar, is located 43 kms from Bhiwadi. With industries and boarding schools setting base in areas around this locality, it is emerging as a destination for many to live in. Thus, creating a demand for housing here. Chandraprabhu Buildwell is one of the known developer operating in this market. For those looking for an apartment in Tijara can buy at an average price of Rs 1,950 per sq ft.
- Kaharani Industrial Area
Kaharani Industrial Area is one of the fast growing industrial areas near Bhiwadi. With the coming of industries and rising working population the area is now witnessing a rise in number of affordable homes here. Sarvawas is one of the developers that is developing apartments in Kaharani Industrial Area. For those looking for property in Kaharani Industrial Area, the average price here is Rs 1,773 per sq ft.
- Sector 50
Sector 50 Bhiwadi is one of the well-developed areas of Bhiwadi with many educational institutions, hospitals and shopping centres here. The locality is seeing great residential development which is being done by developers including Piyush Group and Pioneer Urban. The average price of an apartment in Sector 50 Bhiwadi is Rs 2,004 per sq ft.
Located at a distance of 26.9 kilometres from the IGI Airport, the area is well-connected to the capital city via NH-8. Good connectivity ensures easy commute for residents working in Gurgaon or in the capital city and will also ensure easy trade. There are many developers coming up with projects in Hasanpur. These include Paras City Homes, Shiv Sai, Mac Group, Mahalaxmi Groups, Terra and Uniglo. The average price for an apartment in Hasanpur is Rs 2,150 per sq ft.