Property in Sonepat is a rapidly flourishing sector that offers good options in residential, commercial and industrial segments. Since the property prices in the other parts of NCR have gone up considerably, many top-class developers and builders are showing a keen interest in Sonepat real estate. The region due to its low property prices and excellent infrastructural development has a good scope of appreciation and offers huge returns on capital invested.
The area due to its proximity to Delhi enjoys an unbeatable location and has several big infrastructural projects lined up. The upcoming 135 km- long KMP Expressway will provide hassle-free commuting to IGI airport and will also support in setting up a new commercial corridor in the region. The proposed eight-lane Express highway would connect the industrial localities of Bahadurgarh, Sonepat, Gurgaon, Palwal and Jhajjar. A SEZ is also planned to be developed along the expressway. The imminent massive 5000-acre Rajiv Gandhi Educational City which shall comprises of several universities is expected to change the realty horizons of Sonepat. The place is known to be the future destination for refined living as the prices are stable and assure good returns. And all these factors are going to result in rise in demand for residential housing.
Another major reason for this sky-rocketing demand is the fantastic employment opportunities offered by the industrial units in neighboring areas like Narela, Kundli, Bawana, Rai and Barhi and the prospects of many more corporates coming and establishing their offices here.
The residential segment in Sonepat is the most sought after as compared to industrial or commercial segments as there are huge land parcels easily available and that too at lower costs. Many big developers like Omaxe Group, Ansals, TDI, Landmark Group, Eros Group and Jindal Realty are coming up with latest and luxury residential creations in the region in the form of integrated townships which are a charming cluster of independent floors, villas, bungalows, or budgeted plots. These environment friendly townships allow an easy access to all the basic civic and social utilities like schools, colleges, hospitals, malls, etc.
The prestigious Jindal Realty is coming up with its flagship realty venture by the name of Sonepat Global City. The ensuring township project is located in Sector32-36, Sonepat and has got all the necessary approvals from HUDA and DTCP, Chandigarh. The Sonepat Global City offers various residential and commercial options like urban plots of different sizes, villas, independent floors, homes and commercial complex backed by latest and comprehensive facilities.
There are several budget plots in Sonepat in Sector 35 which are varying in sizes to meet the requirements of all types of people. These plots are backed up by facilities like schools, hospitals, petrol pump, banks, ATM and restaurants, etc. The well-demarcated plots are available in areas varying from 160 – 775 Sq.Yds and have proper water, electricity and sewerage connections. The plots are located next to 65 metre wide road and give you the freedom to build the house of your dreams. There are wide walkways and developed surroundings around the plots in order to keep you healthy and fit and to relax your tiring muscles and keep you refreshed and rejuvenated. The plots are connected via wide and well-lit metallic roads and make an ideal place for thematic living.
Thus, from the future investments point of view, Sonepat seems to be a promising area for investment due to its proximity to Delhi and low-cost of housing. However, people must invest for a long-term period of 3-5 years in order to earn decent ROI and maximize on their profits.