Manesar takes real estate frenzy to a new level

Author Bio

Article Length: 1 words - Comments (0)

RSS Feed:

Author: Saurabh Tyagi

Author writes on behalf of 99acres.com, a leading online portal thriving to solve the consumer’s requirements in real estate segment. The site offers a galore of information regarding the real estate property such as flats and houses to buy, sell or rent at different locations like Mumbai Property, Bangalore Properties etc.

Manesar is all set to take the real estate market by storm as it is evident from the blinding speed of infrastructure developments taking place inside the city. Once shunned by realty developers, the city’s status as an emerging global industrial hub has made it a real estate powerhouse.

The recent announcement of Chief Minister of Haryana state that Metro connectivity will extend to Manesar has reaffirmed the faith of realty developers in the potential that this once-sleepy town on the outskirts of Gurgaon holds for them. The Delhi Metro will now reach right to the doors of the Industrial Metro Township in Manesar. This new development is in line with the government’s efforts to make connectivity to this emerging industrial hub as smooth as possible. The construction of Kundli-Manesar-Palwal Expressway, the 136.5 km long e-way connecting Manesar , Kundli and Palwal is already going on in full swing and it is hoped that after missing multiple deadlines the e-way will finally be operational before the end of 2013.

Manesar emerges as a global industrial hub

As per a study undertaken by Assocham, the apex trade and commerce association of India, Manesar is set to witness a huge influx of corporate traders, manufactures and suppliers, and realty players. The city is projected to become the focal center of investments in north India as it would attract over INR 1 lakh Crores in investment and is expected to generate revenue to the tune of INR 10, 000 Crores. This investment is sure going to be reflected in the new employment opportunities that this city will throw at its residents as 15 lakh skilled and unskilled jobs will be up for the taking. All these statistics are enough to lighten up the face of any real estate developer. Manesar already has all the basic services like schools, post offices, police stations and health facilities, the essential infrastructure required to support residential and commercial real estate of a place. Therefore it needs little mention that investment in a flat in Manesar would be a wise decision to make in the current scenario.

The current and future of Manesar’s real estate

The last six months have been particularly busy for real estate developers in Manesar as the construction of office spaces and residential housing is on full swing. The prices of commercial as well as residential property have experienced a jump of 35-40 % in a span of six months. With the current pace of construction it is expected that Manesar would fall short of 6 lakh housing units in the next five years, with availability of authorized housing a paltry 65,000 units in the same period. To address the price escalation issues, the government has formulated Gurgaon-Manesar Master Plan that takes into account the projected growth of Manesar.

The government intends to make Manesar a world class educational destination and has acquired 2,000 acres to develop an education city. This is surely going to improve the real estate prospects of Manesar, following the example of Pune which already has a blistering property market gaining mileage from its status as the education hub of India. What makes the real estate developments in the city unique is the simultaneous growth of residential complexes and large commercial spaces. While one side of the flyover on NH-8 that connects the residential zone with industrial zone is mapped to become a global industrial hub with colossal investments from Toyota, Mitsubishi, Honda, Suzuki etcetera, the other side of the flyover is set to witness huge residential developments with top notch developers like DLF, Reliance, Godrej, Unitech and Raheja already having bought land banks on this stretch to develop integrated townships.

Saurabh Tyagi is an expert author, contributing regularly with his articulate write-ups on topics related to real estate, technology and career. He currently is engaged with the leading real estate site of India 99acres.com.

Category RSS Feed:

Recent Visitors Were From:

Taunton Reynoldsburg McMinnville Colonial Heights Chicago Ridge Gardendale Camden Lowell Scottsdale SeaTac Watervliet Lemon Grove Arkansas Kansas City Cottonwood Heights Oro Valley Oak Harbor Sherwood Conneaut Worthington Sunnyvale Lansing Covington Collingswood Montana Circleville Greenwood Village Ballwin Roswell North Charleston Troy Athens Washington Warrenville West Linn West Mifflin Deerfield Beach Georgia Oakland Calabasas Onalaska Mamaroneck Goshen Virgin Islands Red Wing Moorhead Asheboro New York Nebraska North Dakota Port Orange Lancaster Northfield Northport Pharr Allouez Sheridan Kiryas Joel Belle Glade Clive Fairhope Port Neches Bartlett Redmond South Dakota Roseburg Menasha Plattsburgh Stow Sidney Pennsylvania Collinsville New Britain Minneapolis Guymon Brownwood

Most Recent Articles From the Real Estate » Real Estate Investing Category:

Most Viewed Articles in the Real Estate » Real Estate Investing Category:

Search Articlez.com

flats , flat in manesar , Property in Mansarovar