NEEMRANA

The city Neemrana is known as the fastest growing industrial sector in North India. Located on NH-8, this city is close to Bawal, Tapukhera, Bhiwadi, and Kushkhera which are the other industrial sub-markets. The city lies in-between parts of Delhi NCR and Rajasthan, which makes it a proper industrial area to invest. International companies have invested in Neemrana like the Japanese manufacturing firm Mitsui chemicals, Daikin, NYK logistics, Nippon, and Nissan. Neemrana is also a part of the Delhi-Mumbai Industrial Corridor Phase-1. Neemrana is completely an industrially developed city with many MNC’s setting up their branches over here. The RIICO or the Rajasthan State Industrial Development and Investment Corporation have developed multiple industrial zones for the sub-market to make it a major industrial zone. Neemrana, being an industrial hub has a lot of demand for residential apartments and independent houses. The workers employed by these industries have created a surge for residential property. The demand is constantly rising for homes at affordable prices in this city. Property developers such as Eldeco, Aashiyana, and Anant Raj have launched multiple projects on properties for residential purposes. Large land parcels have been acquired for completion of these projects. Neemrana has a high potential for incorporated township projects. A Master Plan has been notified by the state government for the Shahjahanpur to Neemrana and Behror Urban Complex. This will attract a lot of migrants from neighboring states and will create huge job opportunities for the people of Neemrana as well as for the people of other states. A progressive future can be foreseen with the help of this project. Future plans also include the set up of cargo airport with firms of Taiwan and Korea who are keen to establish their industrial branches in Neemrana. The real estate market of Neemrana will notice some drastic changes in the demand for residential and commercial buildings shortly.