|Buying Property Tips#1: Choose the Right Location|
|Before you choose a location, it is of utmost importance that you consider the development prospect of the area. Other factors to consider here is crime record of the area, availability and nearness of public facilities and utilities.|
|Buying Property Tips#2: Study the Local Market Dynamics|
|It is important to get well familiar with the local realty market. Learn the variation in property prices by street. Don’t shy away from asking a few realty investment agents questions to get better insight on the matter.|
Bhiwadi is the Industrial Hub that lies in Rajasthan. Bhiwadi lies 70 km from Delhi and comes under Delhi-NCR region. This town in North is already a developed Industrial sector, with around 2,700 big, medium and small scale industries. The industries that are functional in Bhiwadi are furnace, steel, electronics, engineering, printing, textiles, pharmaceuticals cables, rolling mills, food processing, herbal care units, etc. This growth in the industrial area is driving the growth in the residential sector too.
At present, It is at the peak of development. The town offers all urban facilities and offers modern lifestyle. Bhiwadi is becoming a favorite Real Estate spot among the developers and investors. There are various reasons behind the development of Real Estate in Bhiwadi; some of them have been discussed below:
1.Industrial Hub: It being home to almost 2700 industries is the Industrial Hub of North India. This has directly affected the demand of the Residential projects in this area. The people working in Bhiwadi find it better to settle here only rather than commuting daily to the work. This has also brought a growth in the lifestyle and standard of living.
2.Connectivity: Bhiwadi lies on National Highway 8, makes this town easy to approach. It is close to Manesar and just 70 kms from Delhi and around 50 kms from Gurgaon.
3.Affordability: Bhiwadi forms the best area to invest in. Comparing it from the other NCR cities, it is the best place to invest in. The prices of the residential projects in Bhiwadi are well in reach of the middle class.
4.The future is here: Talking about the future, there are many other industries as well which are planning to come up with their corporate offices and factories in Bhiwadi. Not just this but many well known builders are also planning their projects in Bhiwadi. In coming few years, it will surely see some of the best developments and highest growth.
Real Estate market is talking a paradigm shift in the current economic scenario. The Bhiwadi Real Estate industry is considered as one of the fastest growing sector in the world.The focus is around identifying newer markets as well as being competitive in the existing market.Bhiwadi is modernizing fast and has all the lifestyle facilities of a city.Bhiwadi lies on NH-8 i.e., the Delhi Jaipur highway. It is in close proximity to Gurgaon.
At present Bhiwadi, the gateway of Rajasthan, is the most promising city with reference to growth and investment potentials.
|Buying Property Tips#3: Choose the Right Property|
|Getting the right property right away is quite unlikely. First, you need to be clear on why you want to buy an investment property. After that, you will be able to make right decision based on factors like remoteness or accessibility of the property.|
|Buying Property Tips#4: Do the Math Properly|
|Get a precise idea on the value of assets you have available. If you are investing in rental property, make sure you can easily cover the mortgage payment through rents. Additionally, get a clear idea on the appraisal value of the property beforehand.|
|Buying Property Tips#5: Consider Additional Expenses|
|When purchasing an investment property, it is not only the selling price that investors need to consider. There are various additional expenses such as property tax, home owner’s insurance, repair & maintenance that must be considered.|
Another reason why an increasing number of residential properties and projects are coming up in Bhiwadi is because the Rajasthan Housing Board has made sure that this city gets the necessary infrastructure in the shape of hospitals, schools, transportation system and banks etc. People from Delhi and the NCR see it as a much viable option for buying residential property than Gurgaon and other small cities because of the reasonable prices as well as the fact that it lies hardly 70 km away. The rapid modernization of the city makes it act like honey for the bees and gives it an edge over places like Noida and Faridabad. It caters to the need of the affluent chunk of the population of Delhi and Rajasthan and thus has seen tremendous growth in the past few years. Many newly constructed apartments are leaving the buyers spoilt for choice and thus we have a few options for you to ease your confusion as far as purchasing or renting residential property in Bhiwadi is concerned.
Top Three Projects in Bhiwadi
1.Omaxe City I Bhiwadi
2.Omaxe City II Bhiwadi
3.MVL INDI HOMES
1. Omaxe City I-Omaxe City I in Bhiwadi is an integrated township. Bhiwadi being a budding industrial town, with its budget homes, stunning villas, plots and added new-age facilities in the township is a good opportunity to own a home.Price Start for 2BHK Rs.27lakh.
With plots in the sizes of 100 square yards and 225 square yards, these plots in Omaxe Panorama City, Bhiwadi (formerly Omaxe City-I, Bhiwadi) enables you to build homes according to your needs, taste and requirement. Residents of Bhiwadi have already begun building their dream homes and some even relishing the pleasure.
2. Omaxe City II-Omaxe Green Meadow City, Bhiwadi (formerly Omaxe City-II,Bhiwadi) is a perfect option for a comforatble living. With varied options like Plots, G+2 Floors and independent duplex Villas, It gives you an option of a superior lifestlye that encompasses world-class features and amenities at very affordable rates.Plots in the sizes of 100, 150, 200 and 300 sq. yd. give you an opportunity to build homes according to your taste; and alongside avail of the facilities in the township.Price Start for 2BHK Rs.31 lakh.
Tastefully designed independent villas in G+2 floors in Omaxe City, Bhiwadi is a treat to own. What makes these 2/3 BHK villas highly attractive is its affordability along with a luxurious lifestyle. Villas are in the sizes of 100/150/200 square yards with specification that speaks about quality, durability and trust. Adjacent to Delhi and Gurgaon makes Omaxe City II well connected. An upcoming industrial town, Bhiwadi is an ideal location with health facilities, wide roads, commercial complex to name a few landscaping the township. Eco-friendly waste management system, underground electric cables are some of the additional features, on the Alwar Road, a strategic buy.
3. MVL Indi Homes-Progressing from their portfolio of high end residential complexes and IT Parks, MVL has launched the first phase with 690 units, of a unique project for the lower and middle income group. This budget homes project is titled 'IndiHomes' and is particularly targeted at people with modest incomes and hence the affordability of house is a big factor. Located at Bhiwadi, IndiHomes shall have a total of 2200 dwelling units.Price Start for 2BHK Rs.20lakh.
|Buying Property Tips#6: Inspect the Property|
|To ensure that you are getting everything you are paying for, a thorough inspection of the property is essential. Besides ensuring that you are not overpaying, a rigorous property inspection also gives you a good estimation on what the additional expenses might be.|
|Buying Property Tips#7: Pick the Right Financing Option|
|While interests on investment property loans are tax free, some borrowing costs aren’t immediately tax deductible. Knowing that, and structuring your financing in accordance is crucial. Don’t hesitate to ask for help from a financial advisor.|
|Buying Property Tips#8: Invest through Equity|
|One of the best ways to purchase an investment property is to leverage the equity of another property (including your primary home). This is a preferable way among regular investors, especially due to added tax deduction advantages.|