- Area: 150 SqYards
- Floor: Ground
- Transaction: New Property
- Price: 7 - 15 lacs
- Age Of Construction: Under Construction
- Possession: Within 4 Years
A Global City is slated for development in Shahjahanpur-Neemrana-Behror on 40,000 acres of land and will house
1 million people. The Global City would have cluster cities within – the Cyber City, Medicity, Knowledge City,
Entertainment City, SEZ City, World Trade City, Bio-diversity Park, a Dry Port City and an airport facility. All the
cluster cities would be self-contained with residential and commercial spaces.
Apart from the Global City, RIICO is also putting up large industrial estates extending 2000 acres called Neemrana
Phase III. The Rajasthan Government has approved 1,100 acres of land to RIICO for a large industrial estate
which would also have a residential colony with educational, medical and recreational centres. An Export
Promotion Industrial Park (EPIP) spread over 210 acres is another project where some plots have already been
occupied by industries.
The industrial estates are drawing industry majors to set up their manufacturing facilities here. Liberty Whiteware
is setting up a sanitaryware plant in Neemrana at an investment of Rs. 100 crore. Hero Honda, Pallavi Copper
Pipes and AMD Metplast are also setting up their units, while facilities of Parle, Ginni, Prena Syntex, and Rochee
Breweries are already operational. Three Japanese logistics companies are also likely to set up operations over
75 acres of land in Neemrana. Quipo, India’s first infrastructure equipment bank will also invest Rs. 200 crore
in a project to be completed by 2009. Japanese automobile giant Nissan may set up a manufacturing unit in
Neemrana. The real estate market in Neemrana has been encouraged by the entry of these large corporates.
Ansal API will set up a Rs. 6553 crore multi-products SEZ in Neemrana, over an area of 2500 acres. The Reliance
group’s multi products SEZ will be spread over 2,500 acre on NH8 near Rewari. Though located in Haryana,
Neemrana’s proximity to the project have influenced property prices to almost double during the last year, and
RIICO’s rates for commercial, residential and industrial plots are expected to rise to Rs. 3000, Rs. 2000 and Rs.
1000 per sq. metre respectively from the current rates of Rs. 140 to Rs. 600 per sq. metre. Suncity Rajasthan
Developers’ proposal for a multi-product SEZ at Neemrana has also been approved at a cost of Rs. 3000 crore.
Residential property: The announcement of the Global City and the SEZs had real estate developers rushing to
Neemrana with mega residential projects. M-Tech Developers has launched Camellia Valley in Neemrana on 200
bighas of land, with options of plots and villas in a township equipped with banquet halls, tennis court, swimming
pools, medical and school facilities. Villas measuring 2500 sq. ft at moderate rates of Rs. 1250 per sq. ft. are on
Konichiva Builders is similarly coming up with South City, an integrated project on 1,30,000 sq. metres of land,
combining commercial and retail spaces. Located on NH 8 at Behror, it promises to be a world-class township.
Ashiana Housing is developing 280 residential units in their Ashiana Greenhill project in Neemrana.
With these, and several more who have applied for licences, Neemrana is geared for quantum growth in residential
property development to match the booming commercial market. Investors in Neemrana’s real estate can expect
good returns on their investment in the next couple of years.
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- Freehold Land