New Delhi, July 10, 2015 – Kushal Multidevelopers is all set to launch its ambitious township project “Kushal Global City” at Neemrana, Rajasthan. Kushal Multidevelopers have a record of developing projects that are built on trust and are affordable. Their latest venture signals an effort to provide a safe and secure neighbourhood. Kushal Multidevelopers will offer residential towers for approximately 200 families and Commercial Shopping Arcade of more than 100 shops. These residential towers will be equipped with all modern and centralised air-conditioned equipment’s.
“ We are extremely excited about our projects as we have strong belief in Neemrana for future Investments. The place will continue to attract demand from the large existing workforce as well as additional personnel that will migrate there over the course of the next few years. Mr. Manav Kakkar, CEO and MD Kushal Multidevelopers has strong belief in Neemrana for future Investments as Neemrana will continue to attract demand from the large existing workforce as well as additional personnel that will migrate there over the course of the next few years”, said Mr. Manav Kakkar, CEO and MD Kushal Multidevelopers.
“The Company will invest more than 350 crores and planning tentative allotment in 2018. We have received a very encouraging response so far”, added Mr. Manav Kakkar, CEO and MD Kushal Multidevelopers.
Neemrana is one of the fastest growing industrial centres in North India. This area is advantageously located on NH-8, in proximity to other industrial sub-markets such as Bhiwadi, Bawal, Khushkhera and Tapukhera. Situated in Rajasthan and part of the Delhi NCR, Neemrana has attracted a lot of heavy industrial investments from Japanese manufacturing firms such as Nippon, Daikin, Nissan, NYK Logistics and Mitsui Chemicals. The government of Rajasthan has already notified the 2031 Master Plan for the Shahjahanpur-Neemrana Urban Complex.
The planned infrastructural initiatives in this region will further aid the emergence of this town as a major real estate growth mode. There are also plans of setting up a cargo airport with industrial firms from Korea and Taiwan showing keen interest in establishing their manufacturing facilities in Neemrana.
Neemrana lies along Phase-I of the Delhi-Mumbai Industrial Corridor. The Rajasthan State Industrial Development and Investment Corporation (RIICO) have developed several industrial zones that have led to this sub-market’s emergence as a major industrial hub. The demand for homes from workers employed in these industries is, therefore, considerable and constantly rising. This provides Neemrana with all the attributes of an ideal real estate investment market, offering low entry points and high appreciation potential.
With industrial growth acting as a pull factor for this sub-market, real estate development across Neemrana’s various segments will find increasing traction going forward. Residential prices in this market are still at a nascent stage, averaging Rs. 2,400-2,700 per sq. ft. and give every indication of healthy rise in the future. This is a market that is especially appealing for large plot investments, and long-term investors who value the success formula of its unique combination of growth drivers. CCI Newswire
