Manesar is one of the fastest growing townships in India and is a part of Delhi NCR. After Gurgaon, Manesar has caught the eye of Haryana Government and has become the new centre of developments.
Many eminent real estate developers are planning to invest in Gurgaon-Manesar Expressway. Builders like Unitech, Raheja, Vatika, DLF and various others have bought land in Manesar to create townships.
The upcoming projects like Expressway to Jaipur and SEZs are bolstering up the value of property in Manesar. These projects are undertaken by Reliance, DLF, Unitech and Raheja and are helping in boosting the property prices in Manesar already. In fact, according to survey held recently, Manesar ranked among top 3 choices of investors for property investment.
Manesar, from a small village is soon scoring its place among major outsourcing hubs in India. This transformation could happen due to the rising needs of industrial and commercial sectors. IMT (Industrial Model Township) is the main attraction of Manesar for industrial buyers as it now houses more than 500 industrial units.
Upcoming investment plans in Manesar:
Large numbers of corporate leaders like Nippon, Baxter, Stanley, Toyota, Mitsubishi, etc have setup their business units in Manesar.
With already being a home to largest car and motorcycle manufacturers namely Maruti Udyog and Hero Honda, another corporate honcho, Suzuki is also coming up with plans to invest Rs. 2500 crores in Manesar.
Also, Japanese majors and other multinational companies like Samsung Telecommunications will soon establish a unit worth Rs. 850 crores in Manesar to commence the commercial production of their products.
Next in the pipeline are Honda Motorcycles and Scooters India with a plan of pumping in Rs. 300 crores in its plant in Manesar to improve its capacity.
As happens with every developing city that the demand for residential property is upped due to commercialization, the trend is well followed by Manesar too. The professionals employed by the multinationals generated the need for housing and apartment accommodation. The rapid development of both commercial and residential sectors in Manesar has made it extremely popular among property developers as well as property buyers. The boom in real estate market is at its peak and this is what makes of property in Manesar sell like hotcakes.
An industrial and commercial hub:
Manesar is now known as an industrial and commercial hub of the city and has long ago shredded its image of a village. Earlier, no one had ever thought that a small city like Manesar could hold such potential for real estate market. There could be many reasons for this metamorphosis:
When Delhi became congested, leading companies moved to nearby areas around the national capital. It went on to develop Gurgaon property market by carrying their operations there and when again it was exploited enough, they moved further to Manesar. Therefore, hefty investments from various MNCs and setting up of major establishments in the city led to its conversion into New Gurgaon as called by many over the past few years.
Hike in property prices:
The property rates have doubled and even trebled in some areas in Manesar and have jumped from Rs. 20-25 lakhs per acre to Rs. 1.10-1.40 crores per acre. In just few months, commercial property prices have hiked by whole 35-60% and residential property by over 35%.
The construction of 135 km long Kundli-Manesar-Palwal (KMP) Expressway has further augmented the property prices in Manesar Property. This would be the longest expressway of India and the most expensive too.
Real Estate projects:
It is expected to fulfill business requirements of shops, offices, etc.
HSIIDC would develop 12 commercial towns.
DLF City is planning to develop a huge township while Vatika would undertake construction of plots and villas.
Unitech would bring in Ultra Luxury villas with an 18 Hole Golf course.
Manesar is seen as the next generation IT-ITes destination and is conveniently located. It has become one of the most preferred places to invest money in for both buyers and investors.