The document discusses real estate development opportunities in the Kundli, Sonipat, and Panipat areas of Haryana. It notes that developers and investors are interested in these areas as property prices are still lower than other parts of the NCR, and several major infrastructure projects are improving connectivity to the region. Specific projects discussed include the KMP Expressway, education city projects, industrial parks, and residential developments by groups like TDI, Omaxe, and Eldeco across the three areas. The Surajkund area near Delhi is also highlighted as an emerging affordable residential market with prices about 25-50% lower than nearby areas in south Delhi.

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A T i m e s o f I n d i a P r e s e n t a t i o n , D E L H I , AU G U S T 3 1 , 2 0 1 3
emergingtroika
T I M E S P RO P E RT Y
[FAST FACT]
Kundli’s property market offers several options in residential and commercial properties
I THE 135KM-LONG KMP
EXPRESSWAY IN THE
VICINITY IS NEARING
COMPLETION AND WILL
PROVIDE FASTER ACCESS TO
THE IGI AIRPORT AND
FACILITATE THE
DEVELOPMENT OF A NEW
COMMERCIAL CORRIDOR IN
THE REGION
Kundli, Sonipat & Panipat:
IDEAL INVESTMENT
DESTINATION
QUICK
BITES
QQ THE KUNDLIMANESARPALWAL (KMP)
EXPRESSWAY
(ALSO KNOWN
AS THE
WESTERN
PERIPHERAL
EXPRESSWAY)
WHICH INTERCONNECTS
FOUR
HIGHWAYS—
NH-1, NH-2, NH8, AND NH-10 IN
HARYANA—IS
NEARING
COMPLETION
Developers and investors are eyeing the Kundli, Sonipat, and Panipat belt as the rates here are still low, compared to the other parts of the
NCR, and there is tremendous scope for appreciation and high returns on investment. A K TIWARY writes
D
eveloping zones like
Kundli, Sonipat, and Panipat are offering good
options for residential,
commercial, and industrial properties with inQQ THE RAJIV
frastructure coming up rapidly along the
GANDHI
stretch of NH-1. Developers and investors
EDUCATION
are eyeing these areas as the prices have
CITY IS SPREAD
OVER 2,500
gone up appreciably in the other parts of
ACRES WITH
the NCR, while the rates in Kundli, SoniTHE CAMPUSES
pat, and Panipat are still low and investors
OF INSTITUTES
can hope to make quick profits. The
OF HIGHER
EDUCATION
135km-long KMP Expressway in the vicinACROSS THE
ity is nearing completion and will provide
FIELDS OF
faster access to the IGI airport and faciliMANAGEMENT,
ARCHITECTURE,
tate the development of a new commercial
ENGINEERING,
corridor in the region.
LAW, TELECOM,
Kundli, Sonipat, and Panipat are also
MEDICAL,
strategically located with a number of
INSURANCE
AND BIOmega infrastructural projects coming up
TECHNOLOGY
in the area: there is a plan for an orbital
rail corridor along the KMP expressway;
10 universities are to open in the Rajiv
Gandhi Education City; also, a 250acre
food processing SEZ, major industrial
parks, and an industrial hub for petrochemicals in Panipat
have
been
planned.
The Rajiv
Gandhi
m
fro
Educas 90km
rab
tion City
nipat i
Pa
es to g
u
is spread
contin
s it
d
,a
o v e r
elhi an
estors
D
nv
2 , 5 0 0
a
on of i
f being
acres with
attenti
the
ction o
the campuse distin
ub
es of instihas th
mical h
he
tutes of higher
petroc
education
across
the fields of manage-
ment, architecture, engineering, law, telecom, medical, insurance and biotechnology In the first phase, the education city
.
would have the extended campuses of IITDelhi, National Law University, Bharti
Vidyapeeth University, FORE School of
Management, Manav Rachna International University, Asian Education Society,
Skyline Business School, Ashoka University, NC College of Engineering and Research, Hindu School of Architecture,
RIMT Technical Campus, Balwant Rai Institute of Technology and Research, and
SRM University
.
The chief minister of Haryana, while
inaugurating the education city in 2012,
said the state would invest nearly Rs 15,000
crore on the overall development of the
education city He said the campus would
.
house nearly 1.5 lakh students and create
employment opportunities directly and
indirectly for about 50,000 people.
Infrastructural development
The Kundli-Manesar-Palwal (KMP) Expressway (also known as the Western Peripheral Expressway) which inter-connects four highways—NH-1, NH-2, NH-8,
and NH-10 in Haryana—is nearing completion. A 100-metre-wide road from the
IGI airport to Narela is the other major
connectivity project in the area.
Apart from road connectivity, the government is also focused on improving the
rail network of the area. Kundli is to soon
have a Metro stop as part of the Rapid Rail
Transit System, which would connect
ISBT in Kashmiri Gate to Sonipat and
take only 20 minutes either way
.
Realty development in Kundli
Kundli's property market offers very lu-
crative investment opportunities with several options in residential and commercial properties. The area is adjacent to the
forthcoming KGP and KMP expressways.
Apart from sale, many commercial and
residential properties are also available
on lease.
Some of the major developers in the region are TDI, Ansal API, Jindal Real Estate, Eldeco, Parker, Omaxe, Parsvnath,
Vardhman, Apex Developers, etc, who
have a number of projects already lined
up; other commercial ventures include IT
parks, SEZs, a biotech city, a cyber city, a
fashion city and entertainment malls.
,
TDI Group is a major player here; it is
developing TDI City, a residential township over 1,250 acres. The township has
plots of 250, 350, 500, and 700 sq yards, with
nearly eight acres of frontage and two entry and exit points. Over 600 families have
already moved in and by the year end over
2,000 more families are expected to take
possession, a spokesman of the firm said.
Apart from 2,500 ready-to-move-in 2-, 3-,
and 4BHK units in its Kingsbury Apartments, the TDI City offers ready-to-movein units in TDI My Floors, which comes in
the format of ground plus two independent floors and expandable villas. TDI Villas of 500 sq yd built by TDI are fully occupied.
TDI City, a self-sufficient township, offers an assortment of options like plots,
independent floors, expandable villas,
apartments, and limited edition of luxury
floors in various sizes. A company
spokesman said that nearly 700 families
have already moved in. Ravinder Taneja,
vice-chairman of TDI Group, says: "Commercial set-ups are an inevitable part in
any township development. TDI City has
two malls-cum-multiplexes, high street
tial location owing to its excellent connectivity to south Delhi, Faridabad,
and Gurgaon.
The forthcoming residential and
commercial projects in Surajkund,
which also offer breathtaking view of
the Aravali hills, are attracting a lot of
attention from prospective buyers.
Realty projects like Forest Spa and
Omaxe Hill 1 & 2 by Omaxe Group, Aravali One by Max Heights, IBZA by Krrish Group, Lake Wood City and Royal
Retreat by Eros Group, etc, have already been launched. With the rise in
demand, a numbers of group-housing
projects, hotels, malls, and entertainment zones have been announced here.
Surajkund crafts
A REAL
MAKEOVER
Improving connectivity
Surajkund is shaping up into an ideal residential location owing to the
affordable-range units here, and its excellent connectivity to south Delhi,
Faridabad, and Gurgaon. TEAM TIMES PROPERTY writes
A
cclaimed for its annual
crafts fair, Surajkund,
which is strategically
located along NH-2
that connects Delhi
with
Kolkata,
is
emerging as a prime real estate
destination.
With prices soaring in south Delhi
colonies like Greater Kailash, Chittaranjan Park, Saket, etc, and Surajkund offering an attractive affordable
alternative, there has been a surge in
the demand for housing here.
The popular commercial and entertainment hubs of Greater Kailash,
Hauz Khas Village, and Vasant Kunj
are only about 25-30 minutes away from
Surajkund.
The developing realty sector of Surajkund is proving to be an ideal residenPics: Deepak Sharma
The new four-lane Gurgaon-Faridabad Expressway has cut down travel
time from Surajkund to Gurgaon to
about 20 minutes now. It takes around
40 minutes to drive from Surajkund to
the IGI airport.
A Metro line is also coming up between Faridabad and Gurgaon, which
will improve connectivity Currently
.
,
the nearest Metro station is in
Badarpur. However, an extension of the
metro line from the Badarpur station
to YMCA Chowk has been proposed by
2016, after which the nearest Metro station would be NHPC Chowk (Sector
27C, Green Fields Colony).
The 66km-long Gurgaon-Faridabad
corridor connects major tourist destinations, industrial zones, and corporate offices and includes GurgaonFaridabad Road, Ballabhgarh-Sohna
Road, Pali Bhakri Road, and Surajkund
Road. The 25km-long Gurgaon-Faridabad stretch, starting from Gurgaon's
Mehrauli Road in Sikanderpur and
ending at Pali Bhakri Road junction in
Faridabad, has been built by widening
the exiting two-lane road to four lanes.
A 6km Municipal Corporation of
Faridabad road to Surajkund and a
3km Crusher Zone road was also constructed.
Real estate development
Commercial and residential properties in Surajkund, particularly the ones
facing the Surajkund Road, registered
a significant appreciation. However,
even after this, the property prices
in Surajkund are affordable com-
shopping complexes, SCO's and commercial spaces of various sizes to cater to the
entertainment and shopping needs of the
residents. Major brands like Bikanerwala,
Mahal, Café Oz, Federal Bank, Mahindra's, etc, will be starting their outlets
here soon. Q cinemas, a 3-screen multiplex
is already operational and has very good
footfalls, as it the first multiplex of the
area, strategically located on NH-1."
Realty development in Sonipat
and recreational zones. Around 120 families have moved in with another 300 expected in the next six months since Omaxe
offered possession of villas and flats, a
company spokesman said.
Eldeco Group has Eldeco County an in,
tegrated township, comprising expandable private villas in a lush-green landscaped environment in Sector 19, Sonipat.
Realty development in Panipat
Panipat is 90km from Delhi and continAt present, residential property in Soni- ues to grab the attention of investors. Papat is being sought out by a number of nipat has the distinction of being a petrocustomers, compared to its commercial chemical hub. New infrastructural develand retail segment. Sonipat is fast emerg- opments and improving connectivity have
ing as an excellent residential and invest- prompted many real estate developers to
ment destination as it has large tracts of invest in Panipat.
land available for development, and at low
Pranav Ansal, vice-chairman of Ansal
property prices too. An eight-lane express API, says: "The government has approved
highway has been planned for the area, the acquisition of 5,000 acres for induswhich would connect industrial areas of tries related to petroleum, chemicals, and
Sonipat, Gurgaon, Bahadurgarh, Jhajjar, petrochemicals. The proposed region is
and Palwal. Many corporate groups are expected to attract 400 companies and an
planning to develop an SEZ around the ex- investment of more than Rs 13,000 crore is
pressway
.
in the offing; all these developments are
Major developers who have residential sure to boost the real estate market of this
and commercial projects here include area in the coming years."
Landmark Group, Mapsko Builders, Eros
TDI City is an integrated residential
Group, TDI, Parsvnath, Ansals, Omaxe, township in Panipat over 300 acres; EldeEldeco, Tulip, and Jindal Greens. Land co Group is developing Eldeco Freedom
rates have registered an average apprecia- Floors, an integrated residential towntion of nearly 100-150% over the last cou- ship, in Sector 40, Panipat; these have
ple of years.
floors, villas, and plots. Ansal API, ParsvOmaxe Group is developing Omaxe nath, Ambience, Splendor, etc, also have
City an integrated township on 357 acres residential projects in this town.
,
in Sonipat; the project offers plots, villas,
independent floors, and commercial
space. This environmentfriendly township has facilntial
reside
ities like schools, a hosial and , particularly
rc
pital, a shopping mall
omme
d,
und
C
jk
oa
in Sura
jkund R
perties ing the Sura reciation.
pro
t app
y
es fac
the on d a significan , the propert
istere en after this ffordable
reg
are a
er, ev
Howev in Surajkund
urgaon
prices mpared to G
co
pared to Gurgaon.
According to
some estimates,
Surajkund property prices have risen
by nearly 25% in the last
one year. Today flats in many of
,
the new residential projects can be
bought for Rs 4,000-15,000 per sq ft,
which is significantly lower than the
rates in south Delhi, Greater Kailash II,
Saket, etc.
Some major developers in Surajkund are Omaxe, Eros Group, Max
Height, and Krish. Omaxe has Omaxe
Hills, Omaxe Hills II, and Forest Spa
Surajkund.
Charmwood Village of the Eros
Group was the first township project
on the Surajkund Road. Spread over 65
acres, it consists of a multistorey
apartment complex and Charmwood
Plaza, an integrated complex of shops,
showrooms, and office space under one
roof. Other residential projects in Surajkund include the Greenfield Colony
,
an integrated township with multistorey apartments and a local shopping
complex.
Omaxe's luxurious offering on the
Surajkund Road, Forest Spa, is surrounded by 5,000 acres of greens. Forest Spa offers ultraluxurious penthouses and apartments, which have exquisite view of the picturesque Aravalis.
The project has sauna and steam in
each apartment, gyms, state-of-the-art
clubs, swimming pool, health club,
squash court, basketball court, and
multi-cuisine restaurant. The housing
units come in sizes ranging from 2,520
sq feet to 7,450 sq ft. A spokesman of the
firm said that the project would be delivered by the first half of 2014. Club
Aura, one of the largest clubhouses in
the NCR, with a swimming pool, spa,
restaurant, meditation room, gym, etc,
is part of this project.
Sanjay Trikha, president & CEO of
Piedmont Development Company Pvt
Ltd, says: "Sectors 38, 39, 41, and 42close to Surajkund-have registered 25%
appreciation in property
rates over the last one
year with prominent
QUICK
BITES
developers
like Omaxe, Krrish, etc, announcing luxury projects in the region. The rates in
Surajkund are in the range of Rs 7,5009,000 per sq ft, which are much lower
than the current rates in the posh
colonies of south Delhi."
Vishwa Nath Agrawal, CMD of
Techman Buildwell Pvt Ltd, says:
"Surajkund scores when it comes to locational advantages, affordability in
comparison to its neighbouring
colonies in south Delhi, and the end
user market character. While property
prices in south Delhi and Gurgaon are
rocketing, Surajkund provides an alternative with rates here being almost
one third to half of those elsewhere.
The area has one of the best green covers in the Delhi NCR region and provides the best civic amenities and options for day-to-day activities like hospitals, connectivity options, malls, markets, etc."
Basic facilities
Many schools and educational institutions like MVN Public School, Aravali International, Manav Rachna
College, etc, are located in Surajkund.
Local transport around these areas is
also improving with a bus stand 1km
from Surajkund, while other transport
facilities like auto-rickshaws and taxis
are also easily available. Being a tourist
spot, the area also has a number of 5star hotels.
Tourist centre
Surajkund is famous for its Annual Crafts Fair organized every year in
February. Launched in 1981 by
Haryana Tourism, the fair is a
platform for artisans and craftsmen
from all over India to showcase their
finest wares in a rural setting, and is
a major tourist attraction in the
Delhi NCR.
QQ THE NEW FOUR-LANE GURGAON-FARIDABAD EXPRESSWAY HAS
CUT DOWN TRAVEL TIME FROM SURAJKUND TO GURGAON TO ABOUT
20 MINUTES NOW. IT TAKES AROUND 40 MINUTES TO DRIVE FROM
SURAJKUND TO THE IGI AIRPORT