Jhajjar: Emerging satellite to Gurgaon
To understand the dynamics governing Jhajjars realty market, we first need to understand the basic concept of uncontrolled zones. These are pockets with virtually no economic or commercial activity. The government strategically brings such areas within the purview of economic and infrastructural development, based on its mandate to uplift these comparatively lagging areas.
As a result of this activity, Jhajjar is picking up pace and emerging as a major freight and logistics hub. Many companies are planning to establish their warehousing facilities in this belt. A number of leading companies are also targeting the region for manufacturing facilities. The Jhajjar Special Economic Zone alone is estimated to result in the creation of around 1.5 million jobs.
In other words, matters are looking bright in Jhajjar in terms of employment generation, with the bulk of the created jobs catering to the rising demand from workers of warehousing and manufacturing plants.
Gurgaon became the way it is today, because of a large influx of domestic and multinational corporations, resulting in the creation of millions of high-paying white collar jobs. This increased the financial appetite of the local population employed in Gurgaon, resulting in the unique development of Gurgaon real estate in terms of residential and commercial
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