What you should know before investing in Dharuhera

Posted on Posted in General News, NRI

What you should know before investing in DharuheraDharuhera is highly preferred by investors from Delhi and Gurgaon because of its affordability. Moreover, the town appears to be a prospective residential destination from buyers from the neighboring regions as well, including towns, such as Rewari and Bawal. Buyers consider this peripheral town of National Capital Region for its connectivity to Gurgaon along with the lifestyle that it offers. However, before one invests in this town, there are certain things that should be kept in mind.
Affordable property values

“While the capital values in Dharuhera range between Rs 2,700 and Rs 3,500 per sq ft, in Manesar it ranges between Rs 5,000 and Rs 6,000 per sq ft. Gurgaon has even higher price points, which make Dharuhera highly viable for mid-income segment homebuyers,” says Vikas Mehta of Friends Associates.
In terms of the rental values, Dharuhera fetches almost Rs 8,000 per month for a 2BHK and Rs 13,000-15,000 per month for a 3BHK.

Investment potential

Last five years have seen the capital values doubling in Dharuhera. Some upward movement is surely expected in future as well. Meanwhile, industry experts have varying opinions on this matter. While Mehta believes that the values may again double up in next three years, Rakesh Kaul, CEO, Experion Developers Pvt Ltd says, “Next five years in Dharuhera could only see an appreciation of 20-30 per cent. For better appreciation, one should invest as close to Delhi as possible.”

Advising the Non Resident Indians (NRIs), Kaul says, “NRIs should limit their investments to Gurgaon and not beyond that. Gurgaon is an established market. An NRI is definitely not in for a long-term investment and investing in Dharuhera will take time to come to terms.”

Supporting Kaul, Neeraj Bansal, Director, Risk Consulting, KPMG India says, “Dharuhera is a good investment option but only when there is minimum horizon of five years. The corporate sector activity still needs to pick up in order to generate higher demand for actual living requirements.”

Infrastructure

While the real estate in this location is already established, there are new transport links which are expected to boost the market here, including projects such as the DMIC corridor, the elevated highway from Delhi to Jaipur and the highway from Kundli to Manesar to Palwal.

Established as a separate town away from Gurgaon, Dharuhera has its own social infrastructure to meet the daily needs of the inhabitants. There are ample schools, entertainment and healthcare facilities within the town. Thus, if you are an end user, then you may consider Dharuhera as there are both under-construction and ready to move in properties available here. And if you an investor then make sure you have a large time frame of investment.

Looking at the prospects of the region in terms of both industrial and residential developments, many developers are coming up with their projects here. Some prominent ones include developers such as Vardhman Developers, Dwarkadhis Projects Pvt Ltd, Vipul Infrastructure Developer Ltd and Parsvnath Developers.

Source : Shradha Goyal, Magicbricks.com Bureau

 

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