Property in Sonepat

Q: According to a Report sonepat is another hot real estate destination around Delhi NCR. Is that true? What are the future prospects of investing in sonepat? What will be the lock in period?

Aneek Das,

31st January 2013

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Replies (5)

Sonipat in NCR has been emerging as the most preferred point for realty investment. Top real estate builders like DLF, Godrej Properties, Tata Housing, Chintels, Paramount and many other realtors have invested here. The home buyers are provided with various options to pick the best by themselves. During the month of Sept 2012 the rate per sq ft was around Rs 3850 which in December 2012 dropped to Rs 3500. But it is expected to rise further ni the current calendar year.

Vivek Kulkarni,

5th February 2013

Comment

hello... although the prices were expected to rise but there has been not much of appreciation... the prices remain at 3400-3800 per sq ft in the last quarter of 2013 which is just 6-7% increase in the prices...

Kajal, Delhi-NCR

17th February 2014

There are many real estate projects and infrastructure projects coming up at Sonepat. It is situated in NCR region and is in the vicinity of Delhi (around 20 km) which makes it a good place for real estate growth.. And there are numerous small and middle scale industries in Sonepat which is also a main contribution to the city's realty growth..

Vibhor, Delhi

5th February 2013

Comment

Hi all... Northern Peripheral road connecting NH-24 with North Delhi will also connect Sonipat.. This plan will improve the connectivity of Sonipat, and that will develop the areas with more speed.. Once teh road is ready, the areas located along the Northern Peripheral will witness huge demand for real estate projects..

Praveen P, Delhi

4th February 2013

Comment

The strategic location of Sonepat and the metro rail project extension till Kundli makes Sonepat a hotbed of investment in the Delhi NCR region. Real estate experts are of the opinion that Sonepat is the new Gurgaon in the making offering tremendous growth potential. Located at just a 25-30 minute drive from west Delhi, Sonepat is witnessing a surge in real estate expansion with many developers and builders having launched large residential projects. Most projects in Sonepat are available as free hold or with very small lock in periods and good availability of residential plots, apartments and commercial establishments offering good returns over short term as well as long term.

Abhishek,

2nd February 2013

Comment

You are absolutely right. Sonepat is one of the hottest real estate markets not only in the residential sector but also in the commercial segment due to its close proximity to Delhi and good infrastructural development. With the approval of extension of the Delhi Metro till Kundli, the region is likely to witness immense price surge in the next five to ten years. The average plot price in Sonepat ranges between Rs 25,000 and Rs 30,000 per sq yard incrementing from Rs 5,000 per sq yard a few years back. The lock in period in Sonepat varies between 3 to 5 years offering great investment opportunities compared to other regions of NCR.

Ravindra Singh,

2nd February 2013

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