Located to the North of Delhi, Sonepat is soon going to become a realty hot spot like Gurugram and Noida. The city is being referred to as a good investment option with several infrastructural developments pushing the demand for this area. Apart from closeness to Delhi, factors like availability of reputed realtors and choices of apartments, townships, independent villas in Sonepat as well as plots at affordable prices, etc. are driving the demand.
The rising property prices in Delhi, Noida, and Gurugram led realty developers and homebuyers to move Sonepat as the prices are still very much affordable here. Sonepat, which is just 50 km from New Delhi on NH-1, lies on the planned Delhi–Sonepat–Panipat Regional Rapid Transit System and is under implementation Delhi Metro extension to be completed by March 2022.
Educational Institutions
The development initiative of the Haryana government has made Sonepat an attractive destination for investors. Over the last few years, the city has seen the opening of several renowned educational institutions which is driving the demand for property in Sonepat. For example, Rajiv Gandhi Education City, a futuristic project by the Government of Haryana, IIT Delhi’s campus, Ashoka University, O.P Jindal Global University, etc.
Economic Hub
The Kundli-Manesar-Palwal (KMP) Expressway and the Eastern Peripheral Expressway have played a significant role in boosting connectivity in this region. Sonepat now can be easily accessed from major cities of Haryana that is an excellent benefit for buyers and developers. The proposed metro line will be another improvement to the growth in this region.
To encourage economic activity in the area, two HSIIDC industrial estates contain various small and medium industries. Leading brands like Atlas Cycles, Hilton Rubber, ECE, Hindustan Everest Tools, and Satnam Overseas already have their units here and many more are planning to come.
With realty prices rising in Delhi, Noida, and Gurugram, the focus has been shifted to tier 2 cities like Sonepat, Panipat, etc. Realtors like Parsvnath, Omaxe, Ansals, Jindal Realty, etc. are just a few developers developing acres of residential properties catering to varied segments. Given the growing residential market and young buyers looking for flats in Sonepat, malls and shopping complexes are growing in Sonepat as destinations for shopping and entertainment. With a plethora of opportunities for development and property prices still lower than Delhi, Gurugram, or Noida, a good return on investment is assured.
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