DHARUHERA: THE NEXT BIG SATELLITE CITY IN THE NCR
DHARUHERA: THE NEXT BIG SATELLITE CITY IN THE NCRin Property Time |Property News ! Sun Jan 13, 2013 1:17 am
by Nissan19 • 1 Post
is an industrial town,is expected to be the next residential destination by market sources.
Located on NH-8 in Rewari district,Dharuhera is on a 30-minute drive from Gurgaon and is 40 minutes from the IGI airport.It has the makings of the next big satellite city in the region,and is attracting a number of prominent developers.
Dharuhera has gained the attention of all business and commercial concerns for future industrial and warehousing options,with proximity to the KMP,RICCO industrial place making it an ideal destination having the latest hero Honda Plant on the highway is an added incentive.
Rajesh J Aeren R,the vice-chairman and managing director of Aeren R Enterprises,says that as Dharuhera industrial estate is located on both sides of NH-8 and has many large manufacturing plants like Hero Honda motorcycles and Delphi Automotive Systems Pvt Ltd,it has marked itself out for rapid development.The township is attracting many real estate developers like M2K County,Bestech City,Parsvnath,Vardhman and Raheja Builders, he says.
Owing to the heavy tourist inflow along the golden triangle,this highway needs to be developed along internationally accepted standards of infrastructure and real estate ventures,both residential and commercial,in order to showcase it to potential investors,Rajesh J says.
The capital value of apartments in this area is from Rs 2,000-2,400 per sq ft.Local realtor Raghbir Singh of Amar Real-Estates said that it is a place away from Gurgaon and offers the peace and tranquillity of a suburb.For buyers looking to live close to Gurgaon at affordable rates,it would be an ideal investment.The development of this area is under way and many builders are making their residential and commercial projects here. Manoj Goyal,senior vice-president of Raheja Developers Ltd,said that Neemrana,Dharuhera and Bawal will become one of the biggest industrial zones in the next 5-10 years.Ravi Saund,the chief operating officer of CHD Developers,says that it is a good idea to invest in Dharuhera,as the value of property there is likely to increase,five years from now.For someone with a budget of Rs 20-25 lakh,who cannot afford in Gurgaon localities,he should block it with an investment in Dharuhera, Saund says.Several developers are coming up with projects,at Rs 2,800 per sq ft,in Dharuhera and Bawal.With several companies setting base here,the commercial expansion promises enormous scope for future job opportunities.This,in turn,will bring about demand for affordable housing,in the price range of Rs 15 lakh to Rs 30 lakh.This is already being tapped by several developers like Vipul Group,Bestech and Parsvnath,who have launched affordable housing projects in Dharuhera.The availability of low-cost housing options is expected to bring in more demand due to sky-high property values in Delhi and Gurgaon.The proposed widening and expansion of the NH-8 bodes well for the forthcoming residential projects in this locality,as it will further cut travel time.Talking about the slow-paced development in Dharuhera,Kunal Banerji,the president of M3M Group,said it is just like the way Gurgaon developed first it was just a desert with no infrastructure.Then there was a master plan,which increased the accessibility,made provision for schools,hospitals,sector roads,etc.Even in Dharuhera,if you go out of town,there is no plan and people cannot move there without schools and lack of security.In the heart of the city,however,one can see actual development taking place,where one may lay their bets.That is exactly how it happened in Gurgaon a couple of decades ago,and will be replicated in Dharuhera as well, Banerji says.
Times Property (Times of India)
RE: DHARUHERA: THE NEXT BIG SATELLITE CITY IN THE NCRin Property Time |Property News ! Sun Jan 13, 2013 1:24 am
by Vishal Sharma
prominent projects in area are Avalon Rangoli by Avalon Group, Aravali Heights by Dwarkadhis Developers, Raheja Highway Arcade by Raheja Builders, Vipul Gardens by Vipul Builders, and Bestech City by Bestech Group.
RE: DHARUHERA: THE NEXT BIG SATELLITE CITY IN THE NCRin Property Time |Property News ! Sun Jan 13, 2013 1:33 am
Hi Agree about deve..but truth is that it is too far away from gurgaon....in case one wants to invest it is good option..but for resdential purpose this place is far away...I belong to punjab and in case one has to commute from punjab to daruhera...will be tyring job..
Dharuhera: Gateway to growth Article in financial express on 19th janin Property Time |Property News ! Thu Jan 24, 2013 7:33 pm
Dharuhera, a satellite city, lies at a distance of 30 km from Gurgaon. This city is emerging as the next realty destination over the last few years. Located in Rewari district of Haryana, it is very strategically located on the junction of NH-8 and SH-28 leading to Palwal. This city is the gateway to the Delhi-Mumbai Industrial Corridor.
DMIC is a mega infra-structure project spanning 1,483 km being developed at a cost of $90 billion with financial and technical assistance from Japan. Dharuhera has the industrial zones of Bhiwadi, Manesar, Bawal and Neemrana in close proximity.
Several multinational corporations like Hero Honda, Delphi Automotive Systems, India’s biggest dairy plant Amul, Harley Davidson, Ray Ban, Asahi Glass, Lumax Industries and Rico Auto Industries have set up their industrial units here in the last decade.
Dharuhera is poised to be a beehive of industrial and residential activities in the near future, which is expected to transform the area into a large industrial and residential hub of the NCR.
Good buying activity is being seen, which has resulted in capital values appreciating over the past few years in the range of 12 per cent to 18 per cent.
With rising demand projects that were launched at a price point of Rs 1,800 per sq ft are now selling around the range of Rs 2,800 per sq ft. The prices in this area are still reasonable if compared to Gurgaon.
Large developers operating across the NCR have also come up with their projects in Dharuhera, like Parsvnath Developers, Raheja Developers, Vipul Group, Piyush Group, Landmark Group, Vardhman Developers, M2K, Dwarkadhish, Bestech Group etc. Currently these developers are selling their projects in the range of Rs 2,400- Rs 3,500 per sq ft, depending upon the location and stage of construction. The local development body — Haryana Urban Development Authority (HUDA) — has also sold some plots at Dharuhera and people are fast carrying out construction on these plots, though infrastructure lacks in most of these colonies.
Earlier, this area used to cater mainly the middle class housing, but did not have better options available for senior management officials, CEOs, top executives and foreign nationals who work in many of the industries.
These officials were dependent on Gurgaon for premium and luxury housing needs. However, some developers such as Landmark Group and Raheja Developers are coming up with luxury projects that are quoting in the range of Rs 3,500-4,000 per sq ft.
Apartments in Dharuhera are available at affordable prices and compares favourably with Noida Extension amd Sonepat, which are also far suburbs of NCR. Housing here is still within the reach of the middle class and is likely to give good returns over a long term.
Several far flung satellite cities in and around NCR are also developing as retirement home destinations, and Dharuhera also qualifies for being one. Many middle income group buyers have turned out to be investors and are purchasing second homes, which can give them rental income and appreciation over long term.
Dharuhera is a destination offering basic amenities at affordable prices, which is likely to improve within a period of 3-5 years. One can expect a minimum of 15-20 per cent returns on their investments here.