NH-1: Northward bound

The third initiative is the Rajiv Gandhi Education City, spanning over 5,000 acres. The government has already acquired 2,000 acres for Phase-1 and has allocated land to 15 universities. This area is coming up with engineering colleges, medical schools, management institutes, research centres and law schools. The IIT Delhi is also building a campus on 100 acres of land. Some of the international universities are also expected to set up their campus in this city.

The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) is developing industrial estates and industrial model townships in Kundli and specialised parks at Rai.

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 – 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 – 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

... contd.