Overview of Phase-I, Bhiwadi

Strategic Location

Phase-I, Bhiwadi, sits on a key spot on the Rajasthan-Haryana border, making it a prime choice because of its closeness to big cities. It's easy to access through the Delhi-Jaipur National Highway (NH-48) and the Delhi-Mumbai Industrial Corridor (DMIC), making it just perfect for industrial spots and major cities.

Connectivity

• Great connections to Gurugram via NH-8
• Near to the Indira Gandhi International Airport
• Close to the railway station, making it handy for folks and businesses alike.

Urban Planning

Bhiwadi, including Phase-I, has neat and careful urban planning, split into clear zones for industries, shops, and homes. This smart planning means everything is nicely organized and balanced.

Real Estate Market

Demand and Sales

• Phase-I is doing great because of the buzz in real estate in Bhiwadi, seeing more than 46,000 homes sold from 2013 to now.
• There has been less empty homes, from around 19,920 in 2014 to roughly 3,540 by now, showing lots of genuine people interested in buying homes.

End-User Driven Market Real estate here, including in Phase-I, is now about people who have real needs rather than just guessing what's a good investment. This is thanks to affordable homes, better community sets, and being near places like Manesar and Gurugram.

Property Options

• You can find different types of homes like 1 BHK, 2 BHK, 3 BHK flats, special builder floors, and separate houses.
• Office rooms, shops, and business plots are also there for different budgets and needs.

Infrastructure and Amenities

• The place mixes affordable and fancy living with lots of things like schools, hospitals, and social stuff.
• There are projects like the Bilaspur overbridge, Trauma Centre cum District Hospital, and AIIMS Rewari, lifting the area’s appeal.

Rental Market

For those thinking of renting, here is what Phase-I, Bhiwadi has:

• Monthly rents are fair, usually ₹14,000 to ₹19,000 for a home.
• Businesses and commercial spaces are also out there to rent, prices changing based on location and size.

PropertyWala's Conclusion

Phase-I, Bhiwadi, is a great chance for sellers and renters because of where it is, how easy it is to get there, and smart city setup. The shift from an industry center to a lively place in real estate, driven by true need and helped by new big things being done, makes it a smart choice to keep investing. With affordable and fancy homes, plus good renting choices, Phase-I, Bhiwadi looks set for more growth, promising good returns and a great way to live.