Overview of NH-8, Alwar

Location and Connectivity

NH-8, positioned along National Highway 8, connects effortlessly with cities like Delhi, Jaipur, and Gurgaon. Around 150 km south of Delhi, this location balances urban convenience with peaceful living.

Real Estate Market

NH-8, Alwar, has seen substantial growth:

• Infrastructural Expansion: Rapid development includes plans for a 180km rapid rail transit linking Alwar to Delhi via Rewari and Gurgaon.
• Affordability: Alwar offers affordable property prices, generally between Rs 1700 and Rs 4000 per sqft, though final prices vary based on project amenities.
• Industrial Growth: RIICO’s major investments have strengthened Alwar's industrial base, boosting local economy and real estate demand.

Property Rates

NH-8, Neemrana, Alwar:

• Low-end property prices start at Rs. 185 per sqft.
• The typical property price is about Rs. 2,450 per sqft.
• Premium properties can go as high as Rs. 3,605 per sqft.

Amenities and Lifestyle

NH-8 offers numerous amenities:

• Educational Institutions: Access to high-quality schools and colleges.
• Healthcare: Numerous medical centers and hospitals.
• Shopping and Leisure: Close proximity to malls, grocery stores, eateries, and recreational areas.
• Tourist Attractions: Alwar’s historical museums, serene lakes, and grand forts combine nature, art, and culture.

Projects and Developers

• The Platinum: A premium NH-8 project featuring spacious 1 BHK studio apartments alongside top amenities like gyms, play areas, and security. Covering 1.00 acre, these units are priced at approximately Rs. 22.8 Lakhs for a 430 sqft apartment.

Incentives for Investors

• No Property Tax: Alwar offers an advantage by exempting property tax.
• Reduced Stamp Duty: Rajasthan’s stamp duty is relatively modest compared to other states.
• Low Establishment Costs: Establishing a property in Rajasthan involves fewer expenses.
• International Airport: An international airport adds to foreign investment attraction.
• Stable Political Scenario: Favorable political conditions heighten its appeal for investors.

PropertyWala's Conclusion

NH-8, Alwar, is indeed a strong contender for investors and buyers alike, offering a strategic location, improving infrastructure, affordable prices, and a variety of amenities. This rapid development, coupled with its accessibility to major cities and the lack of property tax, makes it a good choice for property purchases or rentals. With diverse residential and commercial setups, NH-8, Alwar, will likely witness continued growth in the real estate market.