Overview of UIT Sector-8, Bhiwadi

UIT Sector-8 in Bhiwadi, positioned in the Alwar District of Rajasthan, India, is a dynamic area that blends residential, commercial, and infrastructure growth.

Location and Connectivity

• Sector 8 falls under the UIT (Urban Improvement Trust) zone in Bhiwadi.
• The area sits near key spots like the Alwar bypass road and other sectors such as Sector-24, Dharuhera.

Property Types and Pricing

Residential Properties

• Flats/Apartments: Rates range from Rs. 4,050 to Rs. 5,150 for each square foot. The average cost sits near Rs. 4,600 per square foot.
  • For example, a fully furnished 2 BHK flat can hit around Rs. 22 lac for 1017 square feet.
• Independent Houses: These usually cost more. Though specific rates are not often advertised, the area has many standalone houses for sale and rent.
• Builder Floors: Prices hit roughly Rs. 3,300 per square foot, though this can change based on recent market trends.

Land

• The land rates in UIT Bhiwadi, including Sector 8, average from Rs. 1,500 to Rs. 2,700 per square foot.

Market Trends

• Appreciation: The property market in UIT Bhiwadi, especially Sector 8, has seen impressive appreciation. Say, flat rates surged by 53.3% in a year, by 58.6% over three years, and by 73.6% in five years.
• Quarterly Trends: Recent studies reveal a 32% jump in apartment prices from the July-September 2024 quarter to the October-December 2024 quarter.

Amenities and Infrastructure

• Proximity to Amenities: The area is well linked and close to numerous amenities like schools, hospitals, and malls.
• Infrastructure Development: UIT Bhiwadi, including Sector 8, is undergoing continuous infrastructure projects, making it appealing for both buyers and renters.

Rental Market

• Rental Prices: For instance, a 2 BHK flat in Sector 8 might cost around Rs. 9,500 a month.

PropertyWala's Final Thoughts

UIT Sector-8 in Bhiwadi is a bright spot for real estate for both buyers and renters. This area offers various property types at different price levels, making it suitable for diverse market segments. With notable price appreciation and continuous infrastructure improvements, Sector 8 is an appealing choice for real estate investment or a place to live. Nonetheless, as in any real estate venture, it's vital to keep tabs on the latest trends and consider all aspects before any buying or renting decision.