Investing in real estate is often considered one of the most reliable and lucrative options for generating wealth. Among the myriad of choices available, highway properties stand out due to their strategic location, potential for high returns, and future growth prospects. In India, one such promising corridor is the NH-48 stretch near Behror. This blog delves into the myriad reasons why investing in highway properties on NH-48 near Behror is a smart move, supported by current trends, future prospects, and the intrinsic value of the location.
1. Strategic Location and Connectivity
NH-48, formerly known as NH-8, is one of the most significant national highways in India, connecting Delhi and Mumbai, two of the country’s largest and most economically vibrant cities. Behror is strategically located between Delhi and Jaipur, making it an important junction on this route. The highway not only serves as a critical connector but also boosts the economic activity in the regions it traverses.
Proximity to Major Cities:
Behror is approximately 120 km from Delhi and about 140 km from Jaipur, making it easily accessible from both cities. This proximity ensures that Behror benefits from the economic spillovers of both metropolitan regions. The smooth connectivity facilitated by NH-48 ensures quick travel times, encouraging both commercial and residential developments.
Access to Key Infrastructure:
The highway is well-serviced by a robust network of roads, ensuring seamless connectivity to nearby industrial hubs, airports, and rail networks. The presence of industrial clusters around Behror, including the RIICO Industrial Area, enhances its attractiveness for investors looking for commercial properties.
2. Economic Growth and Industrial Development
The economic landscape around NH-48 near Behror is dynamic and burgeoning with opportunities. The area has witnessed significant industrial growth, driven by the establishment of several industrial zones and business parks.
RIICO Industrial Area:
The Rajasthan State Industrial Development and Investment Corporation (RIICO) has developed industrial areas near Behror, attracting numerous industries and manufacturing units. This industrial activity has spurred demand for both commercial and residential properties, making it a lucrative investment zone.
DMIC Influence:
The Delhi-Mumbai Industrial Corridor (DMIC) project is one of the most ambitious infrastructure projects in India. Behror falls within the influence zone of the DMIC, which aims to develop new industrial cities as “Smart Cities” and converging next-generation technologies across infrastructure sectors. The DMIC is expected to further enhance the industrial and economic landscape of Behror, thereby boosting real estate demand.
3. Tourism and Hospitality Potential
Behror’s strategic location along NH-48 also makes it a favorable destination for tourism and hospitality investments. The town and its surroundings offer several attractions that draw tourists and travelers, which in turn boosts the local economy.
Heritage and Culture:
The region around Behror is rich in heritage and culture, with numerous historical sites, forts, and palaces. This cultural wealth attracts tourists, providing a steady stream of visitors who require hospitality services.
Hospitality Boom:
Given its position as a mid-point between Delhi and Jaipur, Behror sees a lot of highway traffic, including tourists and business travelers. This has led to the proliferation of hotels, motels, and resorts, making the hospitality sector a significant contributor to the local economy. Investing in hospitality properties along NH-48 can yield substantial returns due to the high demand for accommodation and related services.
4. Residential Growth and Demand
As industrial and commercial activities increase, so does the demand for residential properties. The inflow of workers, managers, and business professionals fuels the need for housing, both for purchase and rental.
Affordable Housing:
Compared to the exorbitant property prices in Delhi and Jaipur, Behror offers relatively affordable real estate options. This affordability attracts a wide range of buyers, from industrial workers to mid-level managers looking for cost-effective living arrangements within commuting distance to their workplaces.
Future Urbanization:
With planned infrastructural developments and the spillover effects of nearby urban centers, Behror is poised for significant urbanization. This anticipated growth makes early investments in residential properties particularly advantageous, as property values are expected to appreciate considerably in the coming years.
5. Favorable Government Policies and Support
Government initiatives and policies play a crucial role in shaping the real estate market. The region around NH-48 near Behror benefits from several supportive government policies aimed at promoting industrialization and urbanization.
RERA Implementation:
The implementation of the Real Estate (Regulation and Development) Act (RERA) has brought about transparency and accountability in the real estate sector. This has increased investor confidence, ensuring that investments in properties along NH-48 are secure and promising.
Subsidies and Incentives:
The Rajasthan government offers various subsidies and incentives for industrial and real estate development. These incentives reduce the initial investment burden and improve the overall returns on investment.
6. High Return on Investment (ROI)
Investing in highway properties generally offers high returns due to the constant appreciation of land values, driven by continuous development and increasing demand.
Commercial ROI:
Properties near industrial zones and business hubs see high demand for commercial spaces such as warehouses, offices, and retail outlets. This demand translates to higher rental yields and property value appreciation over time.
Residential ROI:
As Behror continues to grow as a residential hub, property prices are expected to rise steadily. Early investors can benefit from substantial capital gains as the area develops further.
7. Development of Smart Cities
With the government’s focus on developing smart cities, the regions along major highways like NH-48 are prime candidates for such projects. Smart cities aim to provide state-of-the-art infrastructure, sustainable environments, and efficient governance, thereby significantly enhancing the quality of life and boosting real estate values.
Technological Advancements:
Smart city initiatives bring in advanced technological infrastructure, including high-speed internet, smart grids, and efficient public services. These developments make the region more attractive for both residential and commercial purposes.
Sustainable Development:
Smart cities emphasize sustainability, ensuring that growth does not come at the cost of environmental degradation. This sustainable approach ensures long-term livability and desirability, further boosting property values.
8. Diversified Investment Opportunities
Investing in highway properties along NH-48 near Behror offers a range of diversified opportunities, catering to different investment profiles and risk appetites.
Land Investment:
Investors can buy land parcels, which can be held for future development or sold at a profit as land prices appreciate. This is particularly attractive given the anticipated growth of the region.
Built Properties:
Ready-to-move-in properties, both commercial and residential, offer immediate rental income and reduce the risks associated with construction delays and cost overruns.
Hospitality Sector:
The booming tourism and travel sector along NH-48 provides opportunities to invest in hotels, motels, and resorts, ensuring steady income streams from hospitality services.
9. Growth of Ancillary Services
The growth of industrial and residential areas inevitably leads to the development of ancillary services. These include educational institutions, healthcare facilities, retail outlets, and entertainment options, which further enhance the attractiveness of the region for investors and residents alike.
Education and Healthcare:
The establishment of schools, colleges, and healthcare facilities ensures that the needs of the growing population are met. This makes the area more livable and desirable, driving up property demand and prices.
Retail and Entertainment:
The increase in population and economic activity fuels demand for retail spaces, shopping complexes, and entertainment centers. Investing in these sectors can yield high returns as they cater to the daily needs and leisure activities of the residents and travelers.
10. Risk Mitigation
While all investments carry inherent risks, investing in highway properties near Behror on NH-48 offers certain advantages that mitigate these risks.
Stable Demand:
The continuous flow of traffic and economic activity ensures a stable demand for properties. Unlike other regions where demand may fluctuate based on local economic conditions, highway properties benefit from a broader, more stable economic influence.
Inflation Hedge:
Real estate is often considered a good hedge against inflation. As the cost of living increases, so do property values and rental incomes. This makes real estate investment a safer option compared to other forms of investment that may not offer the same protection against inflation.
Conclusion
Investing in highway properties on NH-48 near Behror is a promising opportunity for both seasoned investors and newcomers to the real estate market. The strategic location, economic growth, government support, and diverse investment options make it an attractive proposition. As the region continues to develop, early investments are likely to yield substantial returns, making this an opportune time to invest in this burgeoning corridor.
In conclusion, the blend of strategic location, economic prospects, supportive policies, and infrastructural developments positions NH-48 near Behror as a prime real estate investment destination. Whether you are looking to invest in commercial spaces, residential properties, or the booming hospitality sector, the region offers a wealth of opportunities that promise high returns and sustained growth.
