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Wednesday 5 October 2016

Sonepat, Emerges as The Next Hottest Real Estate investment Destination in Haryana


Sonepat, a flourishing urban city in Haryana, lies just 16 kms away from Delhi and has emerged to be an important part of National Capital Region. Property in Sonepat is a hub of residential and commercial establishments that comprises of educational, corporate, industrial, hospitality and infrastructural projects. The city has a skyrocketing realty market that is witnessing a remarkable growth in almost all the sectors. Engulfed in rich green spaces, it is the most sought after destination by many buyers and investors and has several landmark projects coming up in various segments. Proximity to Delhi and great connectivity to some of the prime locations of Haryana add wealth to the city’s realty growth. The competitive property prices have made the place a desired target for many investors as well as developers as the prices are anticipated to appreciate considerably. Plots in Sonepat offer genuine benefits to all its investors as it gives you the freedom to build your home in your own style. The developers are eyeing this area as property rates in other parts of NCR are too high and they have an option to invest here and make quick profits in future.

An eight - lane express highway is also on the cards that will connect industrial areas like Sonepat, Bahadurgarh, Jhajjar, Palwal and Gurgaon. Many corporates are also proposing SEZ around the Expressway.

Kundli is the key locality in Sonepat that holds excellent investment potential due to the current and upcoming infrastructural developments happening like KMP Expressway, the 100-metre-wide road from the IGI Airport to Narela, the 5000 acres Rajiv Gandhi Education City at Sonepat, a proposed textile park, logistics park and improved rail connectivity.

Top developers coming up with independent floors in Sonepat are Jindal Realty, Omaxe Group, Eros Group, TDI, Ansals, ELDECO and Parasvnath.

Another reputed developer known as “Jindal Realty” is marking its huge presence in the property market in Sonepat. It is one of the top realty developers in Haryana that is coming up with mega integrated township project named as Sonepat Global City. The group in its real estate product range offers independent floors for a secured and spacious lifestyle, plots to give you the choice to build your homes the way you like, palatial villas for a lavish living for the discerning few and a commercial center in Sonepat.

Thus from the investment point of view, Sonepat due to its proximity to Delhi is and will always remain a promising location. Investors in order to get decent returns on their capital need to maintain an investment period of minimum 3-5 years so that the region develops sufficiently.

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