These areas have witnessed a huge supply from various large developers of the NCR real estate. Some of the developers that have come up with their residential and commercial projects in Kundli and Sonipat are Landmark, Mapsko Builders, Eros, TDI, Parsvnath, Ansals, Omaxe, Eldeco & Tulip.
Currently these developers are selling their projects in the range of Rs 2,800 Ė 4,500 per sq. ft depending upon the location and stage of construction.
The investment that is worthy of consideration are plots, that can yield good long-term returns. Plots in Kundli and Sonipat are available in the range of Rs 18,000 Ė 35,000 per square yard.
They are much more affordable if compared to other suburbs of Delhi & NCR. Investors and users from all across NCR and other cities are buying real estate here and as a result, capital values in future will see a good appreciation of over 15-20 per cent per annum.
ó The author is MD Bajaj Capital. With inputs from Sunil Agarwal, principal advisor, Bajaj Capital Realty