Kundli-Sonipat-Panipat stretch observes huge realty growth
Delhi-NCR: Kundli-Sonipat-Panipat stretch of the NCR region located in the north Delhi has been witnessing enormous real estate growth.
The infrastructural development projects and ongoing and upcoming prime projects in this region have driven large investments in real estate sector. The prices of properties in Kundli, Sonipat and Panipat are lower compared to other parts of the Delhi-NCR, especially Gurgaon and Noida. Besides this there are many modern lifestyle projects including residential, commercial, industrial and educational setups coming up in this part.
Rajiv Gandhi Education City, is being developed in Sonepat-Kundli region. Being spread across 5,000 acre, the Education City would be the World’s Biggest Education Campus. The Haryana Government developed petrochemical hub in Panipat in order to generate large scale employment opportunities, which started operating from mid 2010.
Homebuyers are making a shift from Delhi to NCR owing to the low prices in this region. Realty experts observe that the mega educational, institutional and industrial projects under construction in this belt will also change realty skyline of Sonipat, Kundli and Panipat region along NH-1.
Leading realtors such as Jindal Real Estate, TDI, Eldeco, Ansal API, Parker, Omaxe, Parsvnath, Vardhman, Apex Developers, and others are coming up with several projects in various IT parks, SEZs, the biotech city, the cyber city, the fashion city. Also many entertainment malls are coming up in the region.
Kundli-Manesar-Palwal (KMP) Expressway (also known as the Western Peripheral Expressway) that connects four highways like NH-1, NH-2, NH-8 and NH-10 in Haryana is in the final stage of completion. Kundli-Ghaziabad-Palwal Expressway (135 km-long) is connected with proposed Kundli Manesar Palwal expressway is coming up. And a 100-metre road connecting IGI Airport and Narela has been planned. Besides these road projects, the government has also planned to improve the rail network. Soon, Kundli will have Metro stop and it is expected to reduce the travel time from ISBT to Sonipat.
TDI, the renowned developer of this region owning a land bank of over 1,250 acres, is developing TDI City, a self-sufficient township and around 600 families have already shifted to this place. There are commercial setups in TDI City including two mall cum-multiplex, high street shopping complexes, SCO’s, and commercial spaces. There is doctor’s clinic, TDI School, a super-specialty hospital, a helpline center and free transportation from the TDI City to nearest Metro Station.
Omaxe group is developing Omaxe City, an integrated township in Sonipat. Spread across 357 acres, Omaxe City is registering a good response on NH-1. Around 120 families have moved in while another 300 families are expected within the next six months. Eldeco Group has Eldeco County in Sector 19, Sonipat.
Sonipat has excellent connectivity in the eight-lane National Highway 1 and the proposed Rapid Rail Transport System which will connect Sonipat with a wide network of Metro rail. The KMP Expressway will give smooth access from cities like Bahadurgarh and Gurgaon to this place. All these developments have increased the demand for properties in this place.
The industrial units in surrounding areas like Kundli, Rai, Bawana, Barhi and Narela, and the prospect of many other corporate houses setting up their offices here have also driven the demand for housing projects in Sonipat.
Panipat, located at around 90 km from Delhi, is grabbing the attention of prospective investors as it is a petrochemical hub and has the potential to sustain a thriving commercial and residential realty market. The Haryana government has approved the acquisition of 5,000 acres for the development of petroleum, chemicals and petrochemical industries here. The proposed region is expected to attract 400 companies which is expected to drive many investors to this region.
Click here for related forum discussion
Related Real Estate News:
Developers must get clearances before publicizing projects- New Real Estate Bill
DDA to auction 38 residential plots in Delhi
Improved connectivity boosts real estate in Ghaziabad, Greater Noida
Delhi NCR, Eldeco County, employment opportunities, Haryana government, high street shopping complexes, home buyers, housing projects in Sonipat, industrial projects, infrastructural development projects, investments in real estate sector, KMP Expressway, Kundli-Manesar-Palwal Expressway, Kundli-Sonipat-Panipat, Leading realtors of NCR, mall cum-multiplex, Omaxe City, petrochemical hub in Panipat, properties in Kundli, Rajiv Gandhi Education City, Rapid Rail Transport System, Real estate growth, Sonepat-Kundli region, TDI City, townships in Sonepat
[...] Kundli-Sonipat-Panipat stretch observes ample realty growth [...]