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Bhilwara, Rajasthan Real Estate

Bhilwara Overview

Bhilwara, located in Rajasthan's Mewar region, is a city that provides a mix of industrial, educational, and residential amenities, making it an appealing spot for real estate investment.

Infrastructure and Amenities

  • Healthcare: There are several multispecialty hospitals in Bhilwara including Mahatma Gandhi Government Hospital, Krishna Hospital, and Ram Snehi Hospital.
  • Education: The city has numerous schools and higher learning institutions like Sarvodaya Sikshan Sansthan, Institute of Technology and Management, and Manikya Lal Verma Government Textile and Engineering College.
  • Transportation: Bhilwara's railway station connects it to many major cities such as Jaipur, New Delhi, Mumbai, Chittorgarh, Kota, and Ajmer. It is also linked by road with four national highways passing through it.
  • Communication: Bhilwara will have Jio True 5G services, boosting its communication.

Economic and Industrial Context

  • Textile Industry: Bhilwara is named the ‘Textile City of India’ due to its vast textile industries. At ₹25,000 crore, the textile sector keeps growing with major investments.
  • Other Industries: Aside from textiles, the city has minerals, cotton, food-based products, jute, woolen and silk, leather, and paper industries.

Residential Real Estate

Prominent Residential Localities
RK Colony:
  • Known for its good hospitals and schools.
  • There are malls, shopping plazas, supermarkets, and dining spots.
  • Property prices range from ₹90 lakh to ₹2.5 crore.
Shastri Nagar:
  • It has excellent connectivity, close to the Bhilwara railway station.
  • It is a place with good schools and hospitals.
  • Property prices range from ₹23 lakh to ₹5 crore with a price per sqft around ₹4,833.
Other Localities:
Upcoming Projects
  • Several new projects like Sunrise Dreams, Aastha Residency, GS County, and Shriyam Parasmani Greens are in the pipeline.

Cost of Living and Property Prices

  • Cost of Living: It is relatively lower than Delhi, with an average of around ₹19,000 per person.
  • Property Prices:
    • Average price per sqft in Bhilwara is ₹3,216, ranging from ₹2,624 to ₹4,000 per sqft.
    • In Shastri Nagar, you can expect an average price per sqft around ₹4,833.

Investment Considerations

  • RERA Authenticity: Always check the property and builder’s details on the Rajasthan RERA portal to avoid fraud.
  • Infrastructure and Amenities: Opt for properties near schools, banks, hospitals, and amenities like malls and restaurants.
  • Transportation: Consider locations with good connectivity to improve property’s value and rental prospects.

PropertyWala's Conclusion

Bhilwara is great due to its industrial boom, education facilities, and residential amenities, making it a good investment for real estate. It's infrastructure is growing, especially in transportation and communication fields. For investors and buyers, Bhilwara stands out as affordable yet having long-term appreciation in connectivity-rich areas such as RK Colony and Shastri Nagar. Remember to confirm builder and property authenticity via RERA and local facilities before decisions.