Neemrana: An emerging industrial and real estate hub

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Neemrana real estate
The Delhi-Jaipur belt is witnessing a lot of industrial action across three key hubs - Neemrana, Bhiwadi and Dharuheda. With industrial growth as their backbone, a vibrant real estate market has set base in these satellite cities. Neemrana in particular is getting a lot of attention from Rajasthan Government and this popular tourist town is now emerging as a preferred investment zone.

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

The real estate market in Neemrana looks promising with proposed transport links set to improve the city’s connectivity with Delhi/NCR, growing industrial activities and new developers entering the market. The following developments are slated to make Neemrana a rewarding property destination in the coming years.

Transport Links

Quick facts about Neemrana real estate

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.

Flyovers connecting Manesar and Neemrana: At present, NH-8 is the only way to reach Neemrana. But the National Highway Authority of India (NHAI) has started the construction of 14 flyovers from IMT Manesar to Neemrana at every 5 km. This will reduce the travel time between Delhi and Neemrana. A Super Expressway Highway is also planned parallel to the highway to improve the area’s connectivity.

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.

 
Infrastructural Developments
 
Development of the Global City: A global city is slated in Shahjahanpur-Neemrana-Behror on 40,000 acres of land and will house around one million people. This mega city will have sub-cities within including the Cyber City, Medicity, Knowledge City, Entertainment City, SEZ City, World Trade City, Bio-diversity Park, a Dry Port City and an airport facility. All these will be self-sufficient in terms of residential, commercial, retail and entertainment spaces.

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.

Industrial Growth

Japnese Companies in NeemranaNeemrana Phase III – the industrial hub: Rajasthan State Industrial Development and Investment Corporation (RIICO) is setting Neemrana Phase III as an industrial hub with industrial estates here extending 2000 acres. The Rajasthan Government has also approved 1,100 acres of land to RIICO for a large industrial estate which would also have a residential colony with educational, medical and recreational zones.

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?

 
Factors that make investment in Neemrana a profitable venture include affordability, focus by both State and Urban ministry to develop it as an industrial hub, employment generation avenues that the region open up for many and the fact that this satellite city has a great ancient and historical value, which makes it quite popular among tourists. With neo-modernized townships, residential complexes, IT hubs, corporate houses, it has strong economic drivers to grow as a real estate hub.
 
“Neemrana has all the elements that make it a profitable investment. It has several industries, upcoming infrastructural developments including transport links for better connectivity to NCR regions and it is one of the affordable zones on the Delhi-Jaipur Highway apart from Dharuheda and Bhiwadi,” affirms Rajan Kumar Hans, Director, Propwindow, Gurgaon.
 
 
Social Infrastructure in Neemrana
Social Infrastructure in Neemrana

Popular projects and developers in Neemrana

Neemrana came into the limelight when infrastructural developments like Global City and the SEZs were announced. The satellite city has projects from developers including Avalon, Ashiyana, Eldeco, Anant Raj Group, M-tech developers, Konichiva and a few local players. Several others have applied for licenses witnessing the growth here.
 
New projects and Developers in Neemrana

Proposed developments as per Shahjahanpur-Neemrana-Behrod (SNB) Urban Complex Master Plan 2031

It is proposed that by the year 2031, SNB Urban Complex will account for approximately one million habitants. This population is proposed to be accommodated in the total SNB complex area, which will be divided into city clusters.
 
Proposed City Clusters in Neemrana

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.

 



Infrastructural Developments
 

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