Neemrana’s realty market driven by industrial growth
The town will attract demand from its workforce and additional manpower that is likely to migrate there over the next few years
is which part of the land the owner will get back from DDA. Your take… Yes, you are right. The land that the landowners will give to DDA will not be returned in the same area. It will be in some other place as well so that it’s very difficult to say where the land will be allotted. Are you sure that homebuyers are at the risk of being cheated of their hard earned money by investing in these societies? They are playing a big fraud on the public and I am sure it will come to light sooner or later. Some developers have published glossy brochures and made a lot of promises to homebuyers that they will give a 2BHK for ₹ 50 lakh or ₹ 60 lakh etc.
Ne e mrana i s one of t he f astest growing industrial centres in north India. This area is advantageously l ocated on NH- 8 in proximity to other industrial sub-markets such as Bhiwadi, Bawal, Khushkhera and Tapukhera. Situated in Rajasthan and part of Delhi NCR, Neemrana has attracted a lot of heavy industrial investments from Japanese manufacturing firms such as Nippon, Daikin, Nissan, NYK Logistics and Mitsui Chemicals.
Neemrana lies along Phase-I of the Delhi-Mumbai Industrial Corridor. The Rajasthan State Industrial Development and I nv e s t m e n t C o r p o r a t i o n (RIICO) has developed several industrial zones that have led to this sub-market’s emergence as a major industrial hub. The demand for homes from workers employed in these industries is, therefore, considerable and constantly rising. This provides Neemrana with all the attributes of an ideal real estate investment market, offering low entry points and high appreciation potential.
Developers have already acquired large land parcels in Neemrana, while many are actively seeking such parcels for development. Some residential projects by Anant Raj, Eldeco and Aashiyana have already been launched. This sub-market has especially high potential for integrated township projects and affordable housing undertakings.
Neemrana will continue to attract demand from the large existing workforce as well as additional manpower that will migrate there over the course of the next f ew years. The gover nment of Rajasthan has already notified the 2031 Master Plan for the Shahjahanpur-NeemranaBehror Urban Complex.
The planned infrastructural initiatives in this region will further aid the emergence of this town as a major real estate growth node. There are plans to set up a cargo airport, with industrial fir ms from Korea and Taiwan showing keen interest in establishing their manufacturing f acilities in Neemrana.
With i ndustrial growth acting as a pull factor for this sub-market, real estate development across Neemrana’s various segments will find increasing traction going forward. The real estate story has just begun for Neemrana.
Residential prices in this market are still at a nascent stage, averaging at ₹ 2,400–2,700 per sq ft and give every indication of healthy rise in the future. This is a market that is especially appealing for large plot investments, and long- term investors who value the success formula of its unique combination of growth drivers. The youth wing of the Confederation of Real Estate Developers’ Associations of India (Credai) held its first youth confluence titled You The Future in Goa recently. The twoday session began with an address by the deputy chief minister of Goa Francis D’souza, followed by the lighting of the traditional lamp in the presence of distinguished CREDAI members.
The Credai youth wing aims at preparing the next generation of leaders and torch bearers in the housing and the real estate sector. The housing sector is the biggest employer for the economy after agriculture and contributes 10% to the GDP. The youth wing focuses on three areas: technology, research and CSR activities.
The first Credai youth confluence offered an interactive platform to young developers to discuss critical issues faced by the realty sector and innovative approaches to meet the challenges.
At the confluence interactive sessions were conducted by prominent speakers like Niranjan Hiranandani, co-founder and MD, Hiranandani Group; cricketer Anil Kumble and cybertect James Law.
Speaking on the occasion, Amardeep Singh Hira, chairman, Credai youth wing said, “Youth are the future of tomorrow. The motive behind holding the Credai youth wing is to encourage the second generation of developers, enable them to take up the responsibility as future leaders and help bringing a change in the realty industry”
It is the first step to bring together the best of young developers from across the country and create the next generation of leadership for Credai, he said.
Lalit Kumar Jain, chairman, Credai National, said, “Credai has always been the guiding force for the growing real estate sector and the Credai Youth Wing is an initiative to bring together the younger generation of real estate builders and developers and take forward the leadership mantle of their business in an efficient, effective and socially engaged manner.”