Residential property in Sonepat: Best Option for Investors

Residential property in India is one of the most rapidly growing sectors that attract both buyers as well as investors. The growing income levels of people working in the corporate sector, increase in the disposable income of people, reasonable priced home loan interest rates, attractive financial schemes offered by developers are some of the factors that have resulted in an increase in more and more people going for their own house purchase. With the rapid urbanization and more and more nuclear families settling in tier 1 and 2 cities, there has been a considerable growth in the demand for housing properties. With the homes becoming more affordable than they were a number of years ago and self-owned homes still remaining a number one priority with most of the Indian households, the residential real estate market in India is the most attractive.

Sonepat is an upcoming residential destination that enjoys its proximity to Delhi-the capital city. An integral part of the industrial zone of Haryana, it is the most preferred industrial and investment location on the borders of Delhi, that has witnessed a surge in the real estate growth. The place due to its supportive infrastructure and well – developed industrial sector holds a bright future for developers and entrepreneurs. Unlike Delhi, it provides a clean and pollution free environment to all its residents.

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.