14/03/2014
Eldeco’s Eden Park and Hillside Projects in Neemrana has been sold out in last 20 months. The project has Villas, Low rise, High Rise apartments and Studio Apartments and Commercial shops.
Though the market has not been good for Real Estate in the last 24 months, but Neemrana has seen an upward trend and the prices has been rising and so has been the demand for new houses. NDTV Profit has projected that Neemrana will have the Highest Rental returns in the country as high as 8% to 9% for next 10 years. The current rentals in Neemrana is around 20K for a 2 BHK Apartment. There is a huge demand for Residential and Commercial properties due to sudden Employment generation due to the DMIC Project where in Japan and Korea have pumped in 100 billion & 50 Billion Dollars, respectively. Hence, Neemrana is unique in character where the gap between the Demand and Supply is huge, Supply being negligible at the moment.
The working population has already reached 50000 in 507 units under productions. The population is
expected to grow to 200000 in next 3 years hence increasing the pressure for new housing accommodations. 38 universities in 470 acres will further widen the gap between Demand and supply with the increase in Student population. Neemrana, in times to come will offer both, Property Appreciation and High Rentals.
The latest announcement to connect 3 cities Meerut, Panipat and Alwar to Delhi through Rapid Metro has acted like a catalyst in making what we call "Neemarana - A great Investment Option".
The Highlight of the Project are as follows :-
• Neemrana is one of the fastest growing location within the NCR
• Potential for both – Good Rentals and Property Appreciation
• Neemrana is being developed as key Industrial destination on Delhi Mumbai
Industrial Corridor (DMIC)
• 3500 Acres RIICO Industial Park already developed with 508 units under production with an
investment of INR 4000 Crores.
• Urban Development Ministry & NCR Planning Board Proposes “Rapid Metro” from Alwar to Delhi
– Delhi Integrated Multi modal transit system – 180 Kms
• Neemrana is being developed as a prime Industrial Area for Japanese companies.
Japanese city is being developed in collaboration with JETRO (Japanese External Trade
Organisation) investing 100 million USD
• Proposed International Cargo Airport in Neemrana
• Proposed Korean Development in Neemrana
• Designated EPIP (Export Promotion) Zone.
• Additionally, 470 Acres being developed as Education Hub. Rajasthan government has given
approval to 38 Universities, wherein NIIT, Raffles, Rai etc. already operational.
• Housing Shortage across all levels – Directors, Managers & Workers.
• Neemrana Fort – A great tourist attraction
