Bahadurgarh, also known as the Gateway of Haryana, is about 30 km from Delhi and is fast emerging the fourth town of the National Capital Region (NCR). This micro-market has a number of industries running in its fold, which also makes this region a favourable residential destination with corresponding industrial-driven demand.
Construction of houses and development of physical and general infrastructure by Haryana Urban Development Authority (HUDA) is quite evident in the region. Bahadurgarh is also an emerging an educational hub of NCR, with several reputed institutes such as BLS Institute of Technology Management, the Delhi Technical Campus and Haryana Institute of Technology present there.
Bahadurgarh enjoys superlative connectivity with Delhi and Gurgaon via NH-10 and is also well-connected via the Kundli-Manesar-Palwal Expressway. The National Highway-10 passes through various parts of Haryana. With the extension of metro line to Bahadurgarh, the area is set to receive a significant upgrade in its real estate profile. The Metro line to Bahadurgarh is being constructed at a cost of Rs 1,991 crore and will reach completion in 2016. Once the Metro line is operational, Bahadurgarh will be the fourth city in the NCR to be connected to all parts of Delhi via the Metro Rail Service.
The relatively affordable property prices in Bahadurgarh have led to a huge demand for residential apartments. Many reputed developers have woken up to the potential of this region and are flocking in with a wide spectrum of residential offerings. The most preferred property types are the two and three BHK (bedroom-hall-kitchen) apartments, which have been garnering a lot of attention from investors and end-users. The property prices here range between Rs 3,500 and 4,750 a sq ft, with a year-on-year appreciation of 7-10 per cent.
From an investment angle, Bahadurgarh Bypass has emerged the best location to invest. This 75 metre-wide road with service lanes has seen the highest number of launches in the past couple of years. With the rapid real estate development evident on either side of Bahadurgarh Bypass, the locality is set to become one of the most sought after real estate destinations. Fast improving infrastructure and excellent connectivity with established centres of Delhi and Gurgaon are the biggest selling points. Considering all the growth drivers that are scheduled for the next couple of years, Bahadurgarh ranks among the promising real estate markets in the NCR.
The author is CEO (operations) and international director at JLL India