Kundli, Sonipat and Panipat are
today becoming the best investment optins in the NCR owing to their close
proximity to Delhi and the fast-paced infrastructure development in these
areas. Main reason why these areas have emerged as a favourite destination of
investors is the prices that are already high in other parts of the NCR.
Some other regions, therefore, do
not offer much scope for appreciation, whereas in Kundli, Sonipat and Panipat
prices are still low, and investors can hope to make profits. The KMP
Expressway, nearing completion, will provide faster access to the international
airport and facilitate the development of a new economic corridor. Kundli is
about 25 km from Pitampura. Just as people living in south Delhi prefer to
invest in Gurgaon, those living in east Delhi prefer to invest in Noida and
Greater Noida, so also those living in north and west Delhi are now investing
in the Kundli, Sonipat, and Panipat belt.
The infrastructural developments
taking place in Kundli are poised to convert the region into another Gurgaon.
The KMP and KGP Expressways, under construction, will make connectivity easy to
Kundli and convert it into a logistics hub. The forthcoming 5,000-acre Rajiv
Gandhi Education City, IT parks and the expansion of the Kundli Industrial Zone
in the area will generate employment and economic activity. Such activities in
and around the developing area will give rise to an increase in demand for
residential, commercial and retail real estate, and fuel a growth that will
make Kundli a top NCR destination.
Real estate in Sonipat is
witnessing large-scale developments in all sectors – residential, commercial
and retail. Residential property in Sonipat has become
a favorite in comparison to its commercial and retail segment. Rohtas Goyal,
the chairman and managing director of Omaxe Group, says: “As Delhi real estate
became unaffordable due to rocketing prices, the NCR cities like Gurgaon and
Noida caught everyone’s attention. Now, real estate in Gurgaon, as well as
Noida, is following the same path as Delhi, and consequently developers are
looking beyond them too. The next in league is Sonipat, which seems to be all
set to become the new Gurgaon.”
“About 50km from Delhi, Sonipat
is today seen as one of the largest industrial zones of Haryana. It is fast
emerging as an excellent residential and investment destination due to large
availability of land and low property prices. A spurt in Sonipat real estate
is evident with various developers and builders launching large residential as well
as commercial projects in the city. It has a well-developed industrial base and
supportive infrastructure. Leading brands like Atlas Cycles, Hilton Rubber,
ECE, Hindustan Everest Tools and Satnam Overseas already have their units in
the town.”
About 90km from Delhi, Panipat
continues to grab the attention of prospective investors. Panipat has the
distinction of being a petrochemical hub. But there has been an ongoing process
of developing it into a high-tech city, which has inspired many real
estate developers to invest in Panipat real estate. The Haryana
government is taking keen interest in developing the region with heavy
investments. A government’s approval in acquiring 5,000 acres of land for
petroleum, chemicals and petrochemical investment has already taken place.
According to sources, the proposed region is expected to attract 400 companies
with an investment of nearly Rs 13,000 crore in the coming years.
