Once identified as a sluggish village of approximately 1,000 abodes on Delhi-Jaipur Highway, today IMT Manesar has transformed into one of the most sought-after commercial hubs. Today, the town boasts of whole host of requisite services such as banks, health care units, post office, schools, warehouses, etc. and consequently, has witnessed a substantial influx of real estate players, industrialists, corporate traders, manufacturers, and even the Multinational Corporations (MNCs). Evidently, the Real Estate Market is bound to grow in IMT Manesar.
IMT Manesar: The Commercial Property
One of the most advantageous factors that have contributed to the growth of Real Estate Market in IMT Manesar is the exemplary connectivity. The distance of IMT Manesar is just 45km from Connaught Place and around 30km from IGI airport, Delhi. The town is well-connected to Gurgaon and Delhi. And it is because the perfect connectivity that a number of MNCs have moved in here and the value of real estate in the town has increased by 40-45 % by the end of last year. The prominent global companies have already made substantial investments in IMT Manesar; the major ones being Suzuki, Toyota, Honda, Mitsubishi, etc. Also, IMT Manesar is seen as great place to invest in by the trade leaders such as DLF, Amrapali group, Unitech, Reliance, Raheja Group, Antriksh, Orris Infrastructure, Vatika, etc, for developing sophisticated townships. For case in point, Raheja Group has commenced Raheja Navodaya – a project located in Sector 92-95 alongside IMT Manesar. Similarly, the Amrapali Group has set out a commercial-cum-corporate hub, on 6,804 square meters in Sector 2, IMT Manesar.
IMT Manesar: The Residential Property
Apart from the commercial property, the Residential properties too have increased in terms of rates in IMT Manesar and have observed a whopping jump of 35-40 %. Over the next 3-4 years or so, IMT Manesar is likely to have a shortage of more than 6 lakh dwelling units while the accessibility of the sanctioned housings would merely be about 65,000 units during the same period.
Consequently, the price appreciation of residential as well as commercial properties in IMT Manesar is bound to grow vertical. And with all the infrastructural developments proceeding at an excellent speed, IMT Manesar is simply geared up to turn into an avant-garde city.