Bhiwani, Haryana Property Guide
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Bhiwani, Haryana Real Estate News
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According to the CREDAI-CRE Matrix report, India’s demand for Grade-A office space will exceed 70 million square feet by 2024.
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Land Conversion from Agricultural Land to Residential Land
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Overview of Bhiwani from a Real Estate Perspective
Location and Economic Significance
Bhiwani, right in Haryana, is the third-largest district there. Known for being a big draw for religious tourism, it's often called “mini Kashi” because of its over 300 temples. Alongside that, Bhiwani is quickly becoming a major industrial and commercial hub.
Property Prices and Trends
- When it comes to property, you can find prices starting around ₹1,818 per sqft, averaging to ₹5,168 per sqft, offering a mix of pricing options in the city.
- Regarding types of properties, 33% are residential plots and 67% are commercial office spaces. We also see a decent chunk of apartments and commercial showrooms.
- Market conditions show that both buying and selling properties in Bhiwani can be beneficial.
Popular Localities
- Halu Bazar: With top-notch infrastructure and plenty of amenities, it's got well-kept roads, good transport links, and numerous shopping areas with restaurants. The price for commercial properties here is around ₹20,062 per square foot.
- Devsar: This area is fast-growing commercially and has strong infrastructure, schools, colleges, hospitals, and a variety of markets. It's a hot commercial spot and expected to keep growing.
- Sector 13 Huda: Lots of activity is seen here with property prices between ₹6,154 and ₹11,111 per sqft. It has a positive rating and a range of properties for sale or rent.
Types of Properties Available
- Residential Properties:
- Apartments: You can find 2 BHK and 4 BHK apartments for sale.
- Residential Houses: Ready-to-move 4 BHK houses are available in various areas.
- Residential Plots: Corner plots and other types of plots are around, particularly in Mandi Township.
- Commercial Properties:
- Office Spaces: Many businesses prefer these properties in Bhiwani.
- Showrooms: Commercial showrooms, especially in Halu Bazar and Devsar.
Investment Prospects
- Bhiwani is seeing big investments in industries such as agro-based, cotton textiles, and paper manufacturing, which bodes well for those investing in real estate.
- The ongoing development in infrastructure, such as the four-laning of the Bhiwani-Hansi stretch of NH-148B, is supposed to boost connectivity and commerce, potentially hiking property prices.
Home Loan Options
- To fund property buys, different banks in Bhiwani offer home loans with competitive interest rates. Rates vary from 8.5% to 14.0%, depending on the bank.
PropertyWala's Bottom Line
In short, Bhiwani presents a blend of residential and commercial real estate chances, making it an appealing choice for both investors and people looking to buy a home. With its burgeoning industrial and commercial scene and getting better infrastructure, real estate investments in Bhiwani look promising. Nonetheless, it's vital to research areas, property types, and market moves to make a smart decision.