The epical land and witness to many of important phases of the history of India, the state of Haryana surrounding the country’s capital Delhi on three sides, forming the northern, western and southern borders of Delhi has got the advantage of being the nearest neighbour of capital. Consequently, a large area of south Haryana is included in the National Capital Region for purposes of planning for development and as it has emerged as one of the fastest growing state in India in last decade with NCR region being expanded to its 12 cities with Gurgaon being the best among them.
As far the planning of government is considered, there may be an addition to more number of such cities to the account of Haryana in coming time with the concept of smart cities adding more positivity to its position.
One of such developing area of Haryana still in its transformation phase is Kundli, Sonipat with lots of government projects allotted to it. Sonipat (founded as Swarnaprastha) is a town and a Municipal Council in Haryana which comes under the National Capital Region and is around 20 km from Delhi. The Yamuna River runs along the eastern boundary. Sonipat borders Delhi, the national capital, to the south, Panipat district to the north, Uttar Pradesh state to the east and Rohtak district to the west. The total area of Sonipat district is 2,260 km2.Kundli is 8.604 km from its Mandal headquarters Rai. Kundli is located 17.31 km from its district headquarters Sonipat and 210 km from its state headquarters Chandigarh.
With prices being touching sky in other parts of Delhi NCR, this region is still cheaper and provides a good opportunity of big return on investment in long term.
Lets look at some of the highlights of this region:
Kundli region in Sonepat is one of the areas having a large potential for all types of industries because of its location on NH-1 and several projects undertaken by government to make it educational hub of Haryana.
Mega crore projects allocated to Kundli-Sonepat belt include:
RRTS: 5000 crore monorail project, work likely to start after negotiations with Delhi government regarding allowance of trains inside Delhi. Centre has already allocated funds for this project to decongest Delhi. RRTS to be functional by 2015 if project goes according to plan. As per the original plan, RRTS high speed trains will connect Delhi (Kashmere Gate) to Kundli and Panipat with stations at Kundli/ Rai/ Murthal/ Gannaur/ Panipat and distance between Kashmere Gate and Kundli will be covered in 20 minutes.
KMP expressway: 3000 crores, work in progress, upto 66 % work completed as per official figures. Originally planned for 2009 but hit by multiple delays. KGP expressway is another project which has been approved funding by centre and will resume work in 2013. KMP and KGP will together form the third ring road.
Rajiv Gandhi Education city: 5000 crore project spanning 5000 acres of land. Government has acquired 2000 acres for phase 1 and has allocated land to 10 universities and reviewing application for others. Plan to have engineering colleges, medical schools, MBA, research centres, genetics, aviation, law schools all under one campus. Work under progress. Mr Hudda recently inaugurated 12 universities in June 2012 and announced the allotment of 100 acres to prestigious Indian Institute of Technology (IIT-Delhi campus).
NIFTEM: National Institute of Food Technology Entrepreneurship and Management (NIFTEM) has been set up by Ministry of Food Processing Industries as a Rs. 500 crores project with a sprawling campus of 100 acres located at Kundli, Sonepat. Already in operation.
Horticulture project: International Horticulture Market Terminal would be set up at a cost of Rs 1,264.67 crore in Sonepat district, expected to be completed by 2015
Textile Park: The Haryana State Industrial and Infrastructural Development Corporation (HSIIDC) is now setting up a textile park in Barhi, Sonipat to generate around Rs 750 crore annual garments business and create 7,500 jobs.
A multi functional complex is also being developed at Kundli popularly known as Rai-Kundli Multi-functional Complex. It is in this complex that Export Promotion Industrial Park, Food Park, Cold Chain Complex will be developed by HSIIDC
Logistic Park: to be built over 200 acres by TDI, 350 crore project.
SEZ project: worth 1000 crores by Anantraj and few other companies. Construction of Anantraj Sez is nearly complete.
Most of the above mentioned projects have been alloted funds by centre or Haryana government.
RAJIV GANDHI EDUCATION CITY: THE MAJOR DRIVER
Rajiv Gandhi Education city would be the main driving factor in this region for development like IT hubs are for Gurgaon today. This university has been approved 5000 acres and many universities have already been allotted under it. This university can be major boost for driving middle class families out of Delhi if they allow good universities under their belt and can create opportunities for employment for lecturers/ teachers/ human resources/ class IV jobs.
Of note, when fully established Rajiv Gandhi Education city would be world’s largest education city accomodating 1.5 lakh students.
Some of Prominent Institutes who have allotted land in this Education City are as under: Indian Institute of Technology, IIT Delhi: 100 acres Thapar University: 62.00 Acres Hindu Educational & Charitable Society, Sonepat:07.38 Acres Manav Rachna International University:25.00 Acres Birla Institute of Management Technology:07.38 Acres
In kundli, the average plot price in 2014 ranges between Rs 25,000 and Rs 30,000 per sq yard, where as a few years ago, when TDI infrastructure Ltd, the largest developer of the region, launched their initial projects there like 2 BHK apartments in TDI Kingsbury, the price was about Rs, 5,000 per sq yard, he says, adding, still, property prices are far cheaper in the sonipat-kundli area compared to the other parts of the Delhi-NCR region, offering much scope for appreciation in future.
While most of the investors have already invested as some of the projects even had been completed and some on their mid-way of completion but still it is comparatively cheaper to other areas Of Delhi NCR and thus can be the best investment as per the scope of development.
So still availed it can prove to be golden bird, so hurry up, don’t wait any long and include it in your real state investment profile .
The writer is a student at SSCBS, DU. The views expressed are based upon the analysis and research that the writer did on the topic from various books, reports and web articles. The writer regularly writes for Corporate Monks as a research associate. The writer takes personal responsibility for the ownership of the content shared and incase some sources have not been given credit, you can directly mail the writer firstname.lastname@example.org