The Rise of Offbeat Destinations: A paradigm shift in residential real estate
Over the last few years, the Indian real estate sector has observed a notable shift, as homebuyers are increasingly looking out for serene and offbeat destinations that are far away from the hustle and bustle of metropolitan cities. Cities like Sonipat, Bhiwadi, Panchkula, and Meerut have emerged as premier locales for residential investments, boasting a blend of natural beauty, cultural richness, and a growing economy. This transition reflects a desire for a better quality of life, where serenity meets modern amenities in a relaxed environment.
Mohit Malhotra, Founder & CEO of Neoliv, says, “We envision that new age cities will become the crucibles of future economic dynamism. Their appeal lies in a harmonious mix of affordability, accessibility, and lifestyle amenities, offering new relaxed havens of living. Additionally, the extended NCR is experiencing significant infrastructure enhancements, supported by government initiatives aimed at fostering sustainable development. With the emergence of large global level industries such as the upcoming Maruti Suzuki plant in the vicinity of Sonipat belt, these locations are poised to drive demand for mid-income housing projects and plotted developments, transforming into vibrant residential neighbourhoods.”
Offbeat destinations are becoming highly popular, which reflects a broader trend of a desire for a balanced and enriching lifestyle. For instance, Bhiwadi, once an obscure industrial town in the National Capital Region (NCR), is swiftly establishing itself as a recently- emerged real estate development drawing parallels to the highly coveted micro-market of Sohna Road. With its strategic location, robust infrastructure, and emerging commercial and residential ventures,
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