Finally, sun shines on sector at Kundli-Sonipat!
With Western Peripheral Expressway set to open in October, and Eastern Peripheral Expressway already operational, the Kundli-Sonipat-Panipat region is set to reap a windfall in investment from diverse commercial and industrial groups. Consequently, real estate projects here – completed and under construction – will see a surge in rates
The real estate market at Kundli-Sonipat shows tremendous potential owing to several existing and forthcoming world-class infrastructural projects like the 135km-long Kundli-Manesar-Palwal (KMP or Western Peripheral Expressway), the operational Kundli-Ghaziabad-Palwal (KGP) Expressway, the proposed Metro link with Delhi, and Rajiv Gandhi Educational City where several top-notch educational institutes have been established.
A relative study of the rates shows that while the averages rates in north and northwest Delhi are around Rs 4-6 lakh per sq yards, those in Kundli-Sonipat region are around Rs 20,000-25,000 per sq yards, which translates into a tremendous investment opportunity.
WHY KUNDLI-SONIPAT REGION
Abutting the northern border of Delhi, the grand troika of Kundli, Sonipat, and Panipat have all but established themselves as an extension of north Delhi, offering all modern lifestyle amenities on a par those in Delhi, Gurgaon, and Noida.
Prominent developers in Sonipat-Kundli-Panipat region include TDI Group, Ansal Properties, Eldeco, Omaxe and Raheja, Parsvnath, MAPSKO, Ambience, Splendor, Parker, Anant Raj, Tulip Infrastructure, Collage Group, Eros Group, AJS Builders, Divine, Vardhman, Jindal Greens, among others.
The Haryana government approved the extension of Metro link from Narela in Delhi to Kundli. This extension is part of the Redline of Delhi Metro, currently operating between Dilshad Garden to Rithala and a part of Delhi Metro Phase IV. The extension will cover 4.86km, between Narela and Kundli, with 3 stations – Narela Sector 5, Kundli, and Nathupur.
The Eastern Peripheral Expressways or the Kundli-Ghaziabad-Palwal (KGP) Expressway, which connects Kundli, Ghaziabad, and Palwal bypassing Delhi in a grand half arc was inaugurated in May by Prime Minister Narendra Modi. Work on KMP Expressway connecting Kundli, Manesar, and Palwal, which forms the other semicircle girdle around Delhi is complete and is likely to be inaugurated next month.
National Highway 1, which connects Delhi with Chandigarh, is being widened to ease traffic movement.
Kamal Taneja, MD of TDI Infracorp, says, “Investment in sectors like automobile, biotechnology, BPOs, education, food processing, healthcare, hospitality, IT, petrochemicals, sports goods, textile, warehousing, etc, will create nearly 2-2.5 lakh direct and indirect jobs in this region in the next few years.”
Source : TOI