The Real Estate Market Of Manesar

The focus of the Haryana government has now shifted to Manesar after ingeniously developing Gurgaon. Most of the well-known property developers like Unitech, Vatika, Raheja, DLF, N R Buildcon and many more have already acquired lands in Gurgaon-Manesar Expressway to build townships.



The forthcoming projects in the city are the proposed Expressway to Jaipur and SEZs, which will be developed by Reliance, DLF, Unitech and Raheja. These projects have already started adding value to Manesar apartments for builders and owners. The real estate market of Manesar is driven by large scale investments in SEZ, and in a recent survey, Manesar held one of the top 3 investors' choice for property investment.



This small city has also appeared as one of the India's major outsourcing hubs, housing various multinational organizations such as Honda, Baxter, Suzuki, Stanley, Mitshubishi, Nippon, Toyota etc. Already a home to many manufacturing units of such as largest car and motorcycle manufacturers in India, namely Maruti Udyog and Hero Honda, futuristic Manesar has Corporate Majors like Suzuki also have plans to invest Rs.2500 crores by 2010.



As per resources, Japan also will be investing more in Manesar in near future. Companies like Samsung Telecommunications India Pvt.Ltd.will also be investing 850 Cr to start commercial production of its mobile handset in India by 2010.



Besides that, Honda Motorcycles and Scooters India are investing 300 Cr to increase the capacity at its plant in Manesar. With increasing commercialization in the area, the demand for residential properties has also been created by the people who are / will be working here and in future. All these commercial and residential developments have made Manesar real estate sell like hot cakes.

There real estate development in Manesar began with market expansion moving to Delhi's suburb sand expanding Gurgaon property market. But that situation is a passé now. The property boom in the city has now reached the second phase of development. After the development of the Capital's suburb, it is now a turn of Gurgaon's suburb. Till sometime back, no one could have ever imagined such excellent real estate prospects for Manesar. With passing time, the real estate market in Manesar has grown crazily ever since MNCs have taken the decision to set up their establishments here. Before all this development took place in Manesar, it was a small village. The place has transformed into an industrial and commercial hub over the past few years.

IMT Manesar Industrial Area should be acknowledged for the development of this area, which has boosted up the commercialization of the area.

Of late, real estate prices in Manesar have witnessed a great hike from Rs 20-25 lakh per acre to Rs 1.10-1.40 crore per acre. The rates of commercial properties in Manesar have increased by 35-60% in the last few months. Residential property in Manesar have witnessed an outstanding jump of 35%. Right now, a three bedroom apartment in Manesar is not less than Rs 1800 per sq ft to Rs 2200 per sq ft.

Infrastructure of Manesar:-

The development of Kundli-Manesar-Palwal (KMP) Expressway is expected to cover a distance of 135 km. It is believed that it would be the most expensive and the longest Indian expressway to be constructed. It has already pushed the property prices in Manesar to sky high.

It is said that Manesar would emerge as a Mecca of industry specific infrastructure, service ancillaries, commercial services, and an array of other essential services.

Shortage of land for development purposes in big cities is one of the major reasons encouraging real estate developers to move further afield to Manesar and scout new construction prospects.

Besides being an Industrial Town, a multitude of builders and construction companies from Gurgaon and Delhi consider Manesar as their next destination for construction purposes.

Promising Real Estate Projects of Manesar

A corporate Tower in Manesar: The project is well equipped with all the required facilities to cater to demanding business requirements of shops, offices, and visitors.

HSIIDC has earmarked Sector 2 for commercial developments. The company is developing 12 commercial towns in Manesar.

DLF City 2 Manesar: The realty giant, DLF has planned a huge township in Manesar.

Karma Lakelands: It is a project by Unitech which is supposed to bring Ultra Luxury Villas with a 18 Hole Golf Course in Manesar.

Vatika Township: A luxurious project by Vatika developing with plots and Villas with modern amenities.



Sukhpreet Kaur writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estateindustry. It is a forum where buyers, sellers and brokers can exchange information. At 99 acres, you can advertise a property in India , search for a property, browse through Gurgaon Real Estate and Properties.