Sonipat- kundli: A realty hotspot in NCR
Sonipat-Kundli is emerging as the new residential destination for the investors and mid-end users in NCR. Sonipat is a town that falls under the municipal council in Sonipat district under the state of Haryana.
Kundli property market is registering new benchmarks in turnover and offering new opportunities for investment. The forthcoming 135km-long Kundli- Manesar- Palwal Expressway could make real estate projects in Kundli more viable for investors. TDI is the premier developer in the region with over 1,250 acres in land bank.
Connectivity :
Sonipat lies on the borders of Delhi, twowards south, Panipat district to the north, Uttar Pradesh state to the east and Rohtak district to the west. National Highway One connects Sonipat with Delhi and other regions of North.
Public Transport:
Rapid Rail Transport System, is expected to be operational by 2016 which will connect Sonipat with a well spread network of Metro rail. The Kundli-Manesar-Palwal Expressway will make access very smooth from cities like Bahadurgarh and Gurgaon to this place.
Social Infrastructure:
Recently Sonipat has been in news for the upcoming international-level education hub, the Rajiv Gandhi Education City. A number of universities have lined up to set up their branches in this 5,000 acre campus.
Hence, the Rajiv Gandhi Education City in Sonipat is believed to be the single largest higher educational complex in the world and is expected to have around 1.5 lakh students on the rolls of the 10 universities planned there.
Sonipat is also becoming familiar with this trend as many malls are opening. All the major malls are being built on the GT Karnal Road stretch in Kundli Sonipat which is a prime location for real estate developments in Sonipat. Two malls are already operational there, first one is Ansal API highway Plaza and the other one is the TDI mall. Parsvnath city centre mall is under construction in the heart of city.
Real Estate:
The increasing cost of housing in the capital as well as the rising demand for housing has led developers and builders to look for fresh avenues for developing satellite townships.
There are two major township projects that are developing in Sonipat. Omaxe City, an integrated township on 357 acres in Sonipat. These projects offer plots, villas, independent floors and commercial space.
Eldeco Group has Eldeco County, which is an integrated township comprising expandable private villas in a lush green landscaped environment in Sector 19, Sonipat.
Companies like Atlas Cycles, Hilton Rubber, Indo Asian Fusegear; ECE, Hindustan Everest Tools and Satnam Overseas are some of the well-known brands which have their production units here. This industrial belt drives in the residential demand. The majority of these industrial units are concentrated on both sides of the G.T. Road.
According to experts, Sonipat has a great potential, as it is the closest suburb being developed by private developers and the location on the national highway gives it the added advantage. Perhaps what Gurgaon has done for South Delhi, Sonepat would do for north and Northwest Delhi.
Haryana Urban Development Authorities have a good amount of plots with the authority. HUDA sectors provide free hold plots of various sizes to the customers. The HUDA sectors in Sonipat are sector 12, sector 13, sector 14, sector 15, sector 23, sector 5, and sector 6. These sectors are the currently fully developed sectors in Sonipat.
TDI City, a self-sufficient township, offers an assortment of residential options like plots, independent floors, expandable villas, apartments, and limited-edition luxury floors in various sizes. Nearly 600 families have already shifted into this place.
The fast developing region has already attracted several top realty players like TDI, Ansal API, Jindal Real Estate, Eldeco, Parker, Omaxe, Parsvnath, Vardhman, Apex Developers, etc, which are lining up projects in various IT parks, SEZs, the biotech city, the cyber city, the fashion city.
Price Trends:
Current price per sqft of Sonipat-Kundli varies from 1300-1425 sqft. Hence a affordable price range which will attract the maximum builder and also the investors. A property will have 30 % to 40 % future returns in regards to residential investment.
Advice to the reader/consumer
Sonipat, the location will have a station of the Rapid Rail Transport System, at Kundli-Sonipat, which will reduce the travel time from ISBT to Sonipat to just 20 minutes. Moreover the demand is rising every quarter due to the unprecedented employment opportunities that Sonipat offers because of the presence of 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. So Sonipat is really an ideal place for real estate investment.
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