Real Estate in Manesar Gets Dearer

January 9, 2007	(1 votes, average: 3 out of 5)  Loading ...
Print This Story   Email This Story Subscribe Newsletter

Real estate sector in NCR began with market expansion taking place at Delhi’s suburbs. However, it is something that has passed; now the property business has reached its second phase of development. After the townships of fast flourishing places like Noida, Gurgaon, Ghaziabad, and Greater Noida, it is Manesar to make the headlines next, as far as the development of surrounding real estate is concerned.

Couple of years back, no one could have imagined such bright future of property market in India. According to industry connoisseurs, the next destination for potential investors is Manesar who are eyeing for land acquisition here to develop new office spaces. The rising demand for property itself speaks for the enormous growth taking place in this town of Haryana. Indeed, the demand.

Indeed, the demand for Manesar real estate is so high that spaces are being let out at the planning stage itself. Often, property developers find themselves making a killing from selling off the property much before they have completed the construction work.

Manesar has number of factors stating the cause of its growing popularity. First and foremost, Manesar is situated on the main Jaipur-Delhi highway and is awfully well-connected to Delhi. Next, the international airport is just 32 km away, while the showpiece of Lutyen’s Delhi, Connaught Place, is 45 km. It takes about an hour and a half to reach there.

Also, the Industrial Model Township (IMT) of Manesar is all set to come up with a Technology Park worth over Rs. 3600 crore. The construction work is going fast along with other activities to develop skyscraping buildings here. The authorities have got a nod from the government regarding constructing the buildings up to 15 floors.

Now, there is no reason left behind to mull over why Manesar real estate is hogging the limelight?

News Published Under:   Gurgaon |

Comments