Located at a distance of about 120 km from Delhi, Neemrana falls in the Alwar district of Rajasthan. Factors contributing to its popularity among investors include its strategic location on the Delhi-Jaipur highway, the industrial growth that it is witnessing and it being a popular tourist destination owing to the majestic heritage hotel and fort.
The realty market in Neemrana has gained momentum post the establishment of Global City and the Special Economic Zones and the proposed Kundli-Manesar-Palway expressway which will intersect with NH 8 when completed. The town essentially offers residential apartments, plots, and independent houses. Residential flats in this belt are priced in the range of Rs 2,400 - 3,200 per sq ft and residential plots between Rs 500 and Rs 1000 per sq yard.
Growth Drivers for Neemrana
Proposed Cargo Airport: A cargo airport is slated near Neemrana in the middle of Ajarka and Kotkasim. This will facilitate the cargo transportation of the finished products of the industries situated in Neemrana, Shahjahanpur, Bhiwadi and Bahrod.
DMIC and Delhi-Mumbai Freight: Neemrana is a part of the Delhi-Mumbai Industrial Corridor (DMIC) and the Delhi-Mumbai freight corridor. This will improve the area’s connectivity to important destinations, increasing its worth and popularity. Alwar district, where Neemrana lies, will soon be connected to Delhi via a high-speed train.
Neemrana as an education hub: A total of 38 universities have got sanctions to open up their institutes in Neemrana. This will generate employment opportunities for academicians and will attract a lot of students from Gurgaon and NCR to shit to Neemrana for higher education.
Special Economic Zones: A lot of private builders are setting up their SEZs in Neemrana. Reliance group has got the approval to set its multi products’ SEZ spreading over 2,500 acre of land on NH 8 near Rewari. Ansal API has also come with its SEZ project over an area of 2,500 acre costing over Rs 6500 crore.
Development of Japnese Park: RIICO has signed up with Japan External Trade Organization leading to several Japanese companies setting up their industrial units at Neemrana Industrial Area. This has led to a lot of white collar as well as labour jobs in the area. As a result, the demand for both premium residential living and affordable housing has increased considerably.
Korean Zone in Neemrana: An agreement has been signed between RIICO and South Korean Trade Promotion Agency in March 2013 and many automobile and electronic companies are expected to set up their base in Neemrana. The exclusive Korean Zone will spread across 250 acres of land and is being set up in Ghilot in Neemrana.
Indigenous and multi-national industrial groups: Neemrana is home to companies like Liberty Whiteware, Hero Honda, Pallavi Copper Pipes, AMD Metplast, Parle, Ginni, Prena Syntex, and Rochee Breweries. Three Japanese logistics companies are going to set up operations over 75 acres of land in Neemrana.
How profitable is it to invest in Neemrana?
Popular projects and developers in Neemrana
Proposed developments as per Shahjahanpur-Neemrana-Behrod (SNB) Urban Complex Master Plan 2031
Real estate experts affirm that Neemrana is a profitable investment destination but in long term. One should not expect healthy returns here before 5-7 years. Neemrana will witness demand from the large existing workforce, as well as the additional manpower that will migrate here in the coming years. The planned infrastructural initiatives in this region as stated in the Shahjahanpur-Neemrana-Behrod Urban Complex Master Plan 2031 will further support the growth of this town as a major real estate node. With industrial growth acting as a pull factor for this sub-market, real estate development across Neemrana's various segments will find increasing traction.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. 99acres does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.