Bhiwadi's real estate scene shows a tricky mix. The market has seen a huge 76% drop in new residential projects since 2019. Yet, smart investors can spot hidden gems in this turmoil. This industrial town now tops India with 18% of all halted residential units, totaling 13,393 units across 33 projects.
Spotting Undervalued Properties in Oversupplied Areas
Finding projects with solid foundations is key, even with market challenges. Look for developments near established industrial hubs where end-users make up a big part of buyers. These properties often sell at big discounts due to developer issues rather than real flaws.
Check for projects with completion dates within 24 months and developers with a good track record. Stay away from areas with big infrastructure problems especially those with falling apart roads and constant traffic jams that scare off working professionals.
Grasping Price Trends and Market Adjustments
Despite the oversupply worries, average prices for new launches have more than doubled post-pandemic, showing that quality segments are in demand. This trend suggests that while supply has shrunk, premium projects still attract buyers.
The market has shown signs of inventory leveling off unsold stock went from 19,920 units in 2014 to just 3,540 units by mid-2023, mainly because developers cut back on new supply.
Seizing Market Opportunities
Smart investors focus on ready-to-move homes in well-established areas near the Honda and PepsiCo industry. Even with environmental worries, the flow of workers from nearby industrial hubs keeps rental demand steady.
Think about negotiating hard on stalled projects with a solid legal standing the current situation means developers are more open to lower profits to finish projects and get cash flow back.