Manesar is being developed by the Govt. of Haryana as the new area for development

With the growing scarcity of land in the existing Gurgaon Master plan, Manesar is being developed by the Govt. of Haryana as the new area for development. Most of the builders have already acquired lands in Gurgaon Manesar Expressway to develop townships like Unitech, Vatika, Raheja, DLF, N R Buildcon and many more.

The proposed Expressway to Jaipur and SEZs to be developed by Reliance, DLF, Unitech and Raheja are already adding value to Manesar apartments for builders and owners. Driven by positive growth in the economy and large scale investments in SEZ, the real estate in Manesar is booming at a swirled pace and in a recent survey, Manesar has emerged as one of the top 3 investors’ choice for real estate investment.

Manesar has also appeared as one of the India’s major outsourcing hubs, housing major multinationals such as Honda, Baxter, Suzuki, Stanley, Mitshubishi, Nippon, Toyota etc. Already a home to many manufacturing units of repute such as largest car and motorcycle manufacturers in India, namely Maruti Udyog and Hero Honda, futuristic Manesar has Corporate Majors like Suzuki with plans to invest Rs.2500 crores by 2010 and to make its Manesar plant a manufacturing hub for diesel engines. Japan also will be investing more in Manesar in near future. Samsung Telecommunications India Pvt.Ltd.will also be investing 850 Cr to start commercial production of its mobile handset in India by 2010. Honda Motorcycles and Scooters India will invest 300 Cr in two yrs to increase the capacity at its plant in Manesar. Such a huge commercialization, has not only triggered the need for the office spaces, but has also created a huge demand for residential properties for people who are/will be working here and in future would require a abode of their own. All this has sent Manesar real estate selling like hot cakes. Ready for a deal!

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source: mybangaloreproperty.com