Jhajjar, NCR’s emerging investment hub
As Gurgaon is booming steadily upwards in terms of real estate prices, various companies and industrialists are looking for investing in other options beyond the National Capital Region (NCR).
As a result, Dharuhera, Bawal and Jhajjar in Haryana are emerging as alternative real estate destinations.
The latest real estate destination is ‘Jhajjar’ in Haryana district. Initially, Jhajjar was a locality where economical and commercial activities were inactive.
However, after government’s strategy to bring such areas into the purview of economic and infrastructural development, based on its mandate to uplift these comparatively lagging areas, Jhajjar is now gathering pace and emerging as a major freight and logistics hub.
Many big firms are planning to have their warehousing facilities in this place. A number of leading firms are also planning to establish this region for manufacturing facilities.
The major focus of the firms will be to make Jhajjar a special economic zone (SEZ), which alone is estimated to result in the creation of around 1.5 million jobs.
Currently, Gurgaon has become one of the posh investment sectors for multinational, residential and commercial properties. Growth of commercial properties helps the increased the job vacancies, boosting demand for residential properties. Every factor is interrelated to each other.
The proximity to Delhi and Gurgaon works as a perfect alternative option for companies, as well as the educated high-end working population originally based in Delhi.
According to some studies, the demand for Jhajjar comes from the current and prospective local population there and is decisively skewed towards affordable housing.
So, for a long term horizon residential property investors can take a decision to capitalise on Jhajjar’s growing potential.
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