pg.14 A Times of India Presentation, DELHI, AUGUST 31, 2013 TIMES PROPERTY emergingtroika [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,Kundli, SonipatSonipat && Panipat:Panipat: IDEALIDEAL INVESTMENTINVESTMENT QUICK BITES DESTINATIONDESTINATION QQ THE KUNDLI- MANESAR- PALWAL (KMP) EXPRESSWAY (ALSO KNOWN AS THE WESTERN 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 PERIPHERAL EXPRESSWAY) NCR, and there is tremendous scope for appreciation and high returns on investment. A K TIWARY writes WHICH INTER- CONNECTS FOUR eveloping zones like ment, architecture, engineering, law, tele- crative investment opportunities with sev- shopping complexes, SCO's and commer- and recreational zones. Around 120 fami- HIGHWAYS— NH-1, NH-2, NH- Kundli, Sonipat, and Pa- com, medical, insurance and biotechnolo- eral options in residential and commer- cial spaces of various sizes to cater to the lies have moved in with another 300 ex- 8, AND NH-10 IN nipat are offering good gy. In the first phase, the education city cial properties. The area is adjacent to the entertainment and shopping needs of the pected in the next six months since Omaxe HARYANA—IS options for residential, would have the extended campuses of IIT- forthcoming KGP and KMP expressways. residents. Major brands like Bikanerwala, offered possession of villas and flats, a NEARING COMPLETION commercial, and indus- Delhi, National Law University, Bharti Apart from sale, many commercial and Mahal, Café Oz, Federal Bank, Mahin- company spokesman said. trial properties with in- Vidyapeeth University, FORE School of residential properties are also available dra's, etc, will be starting their outlets Eldeco Group has Eldeco County,an in- QQ THE RAJIV D frastructure coming up rapidly along the Management, Manav Rachna Internation- on lease. here soon. Q cinemas, a 3-screen multiplex tegrated township, comprising expand- GANDHI stretch of NH-1. Developers and investors al University, Asian Education Society, Some of the major developers in the re- is already operational and has very good able private villas in a lush-green land- EDUCATION CITY IS SPREAD are eyeing these areas as the prices have Skyline Business School, Ashoka Univer- gion are TDI, Ansal API, Jindal Real Es- footfalls, as it the first multiplex of the scaped environment in Sector 19, Sonipat. OVER 2,500 gone up appreciably in the other parts of sity, NC College of Engineering and Re- tate, Eldeco, Parker, Omaxe, Parsvnath, area, strategically located on NH-1." ACRES WITH the NCR, while the rates in Kundli, Soni- search, Hindu School of Architecture, Vardhman, Apex Developers, etc, who THE CAMPUSES Realty development in Panipat OF INSTITUTES pat, and Panipat are still low and investors RIMT Technical Campus, Balwant Rai In- have a number of projects already lined Realty development in Sonipat OF HIGHER can hope to make quick profits. The stitute of Technology and Research, and up; other commercial ventures include IT Panipat is 90km from Delhi and contin- EDUCATION 135km-long KMP Expressway in the vicin- SRM University. parks, SEZs, a biotech city, a cyber city, a At present, residential property in Soni- ues to grab the attention of investors. Pa- ACROSS THE ity is nearing completion and will provide The chief minister of Haryana, while fashion city,and entertainment malls. pat is being sought out by a number of nipat has the distinction of being a petro- FIELDS OF MANAGEMENT, faster access to the IGI airport and facili- inaugurating the education city in 2012, TDI Group is a major player here; it is customers, compared to its commercial chemical hub. New infrastructural devel- ARCHITECTURE, tate the development of a new commercial said the state would invest nearly Rs 15,000 developing TDI City, a residential town- and retail segment. Sonipat is fast emerg- opments and improving connectivity have ENGINEERING, corridor in the region. crore on the overall development of the ship over 1,250 acres. The township has ing as an excellent residential and invest- prompted many real estate developers to LAW, TELECOM, MEDICAL, Kundli, Sonipat, and Panipat are also education city. He said the campus would plots of 250, 350, 500, and 700 sq yards, with ment destination as it has large tracts of invest in Panipat. INSURANCE strategically located with a number of house nearly 1.5 lakh students and create nearly eight acres of frontage and two en- land available for development, and at low Pranav Ansal, vice-chairman of Ansal AND BIO- mega infrastructural projects coming up employment opportunities directly and try and exit points. Over 600 families have property prices too. An eight-lane express API, says: "The government has approved TECHNOLOGY in the area: there is a plan for an orbital indirectly for about 50,000 people. already moved in and by the year end over highway has been planned for the area, the acquisition of 5,000 acres for indus- rail corridor along the KMP expressway; 2,000 more families are expected to take which would connect industrial areas of tries related to petroleum, chemicals, and 10 universities are to open in the Rajiv Infrastructural development possession, a spokesman of the firm said. Sonipat, Gurgaon, Bahadurgarh, Jhajjar, petrochemicals. The proposed region is Gandhi Education City; also, a 250acre Apart from 2,500 ready-to-move-in 2-, 3-, and Palwal. Many corporate groups are expected to attract 400 companies and an food processing SEZ, major industrial The Kundli-Manesar-Palwal (KMP) Ex- and 4BHK units in its Kingsbury Apart- planning to develop an SEZ around the ex- investment of more than Rs 13,000 crore is parks, and an industrial hub for petro- pressway (also known as the Western Pe- ments, the TDI City offers ready-to-move- pressway. in the offing; all these developments are chemicals in Panipat ripheral Expressway) which inter-con- in units in TDI My Floors, which comes in Major developers who have residential sure to boost the real estate market of this have been nects four highways—NH-1, NH-2, NH-8, the format of ground plus two independ- and commercial projects here include area in the coming years." planned. and NH-10 in Haryana—is nearing com- ent floors and expandable villas. TDI Vil- Landmark Group, Mapsko Builders, Eros TDI City is an integrated residential The Rajiv pletion. A 100-metre-wide road from the las of 500 sq yd built by TDI are fully oc- Group, TDI, Parsvnath, Ansals, Omaxe, township in Panipat over 300 acres; Elde- Gandhi IGI airport to Narela is the other major cupied. Eldeco, Tulip, and Jindal Greens. Land co Group is developing Eldeco Freedom Educa- connectivity project in the area. TDI City, a self-sufficient township, of- rates have registered an average apprecia- Floors, an integrated residential town- Panipat is 90km from tion City Apart from road connectivity, the gov- fers an assortment of options like plots, tion of nearly 100-150% over the last cou- ship, in Sector 40, Panipat; these have is spread ernment is also focused on improving the independent floors, expandable villas, ple of years. floors, villas, and plots. Ansal API, Parsv- over rail network of the area. Kundli is to soon apartments, and limited edition of luxury Omaxe Group is developing Omaxe nath, Ambience, Splendor, etc, also have Delhi and continues to grab 2,500 have a Metro stop as part of the Rapid Rail floors in various sizes. A company City, an integrated township on 357 acres residential projects in this town. the attention of investors, as it acres with Transit System, which would connect spokesman said that nearly 700 families in Sonipat; the project offers plots, villas, the campus- ISBT in Kashmiri Gate to Sonipat and have already moved in. Ravinder Taneja, independent floors, and commercial has the distinction of being a es of insti- take only 20 minutes either way. vice-chairman of TDI Group, says: "Com- space. This environment- petrochemical hub tutes of higher Realty development in Kundli mercial set-ups are an inevitable part in friendly township has facil- education across any township development. TDI City has ities like schools, a hos- the fields of manage- Kundli's property market offers very lu- two malls-cum-multiplexes, high street pital, a shopping mall Commercial and residential properties in Surajkund, particularly the ones facing the Surajkund Road, tial location owing to its excellent con- pared to Gur- registered a significant appreciation. nectivity to south Delhi, Faridabad, gaon. However, even after this, the property and Gurgaon. According to prices in Surajkund are affordable The forthcoming residential and some estimates, compared to Gurgaon commercial projects in Surajkund, Surajkund proper- which also offer breathtaking view of ty prices have risen developers Surajkund crafts the Aravali hills, are attracting a lot of by nearly 25% in the last like Omaxe, Kr- attention from prospective buyers. one year. Today, flats in many of rish, etc, announcing luxu- Realty projects like Forest Spa and the new residential projects can be ry projects in the region. The rates in Omaxe Hill 1 & 2 by Omaxe Group, Ar- bought for Rs 4,000-15,000 per sq ft, Surajkund are in the range of Rs 7,500- avali One by Max Heights, IBZA by Kr- which is significantly lower than the 9,000 per sq ft, which are much lower A REAL rish Group, Lake Wood City and Royal rates in south Delhi, Greater Kailash II, than the current rates in the posh Retreat by Eros Group, etc, have al- Saket, etc. colonies of south Delhi." ready been launched. With the rise in Some major developers in Sura- Vishwa Nath Agrawal, CMD of demand, a numbers of group-housing jkund are Omaxe, Eros Group, Max Techman Buildwell Pvt Ltd, says: projects, hotels, malls, and entertain- Height, and Krish. Omaxe has Omaxe "Surajkund scores when it comes to lo- ment zones have been announced here. Hills, Omaxe Hills II, and Forest Spa cational advantages, affordability in Surajkund. comparison to its neighbouring MAKEOVER Improving connectivity Charmwood Village of the Eros colonies in south Delhi, and the end Group was the first township project user market character. While property The new four-lane Gurgaon-Farid- on the Surajkund Road. Spread over 65 prices in south Delhi and Gurgaon are abad Expressway has cut down travel acres, it consists of a multistorey rocketing, Surajkund provides an al- Surajkund is shaping up into an ideal residential location owing to the time from Surajkund to Gurgaon to apartment complex and Charmwood ternative with rates here being almost about 20 minutes now. It takes around Plaza, an integrated complex of shops, one third to half of those elsewhere. affordable-range units here, and its excellent connectivity to south Delhi, 40 minutes to drive from Surajkund to showrooms, and office space under one The area has one of the best green cov- the IGI airport. roof. Other residential projects in Sura- ers in the Delhi NCR region and pro- Faridabad, and Gurgaon. TEAM TIMES PROPERTY writes A Metro line is also coming up be- jkund include the Greenfield Colony, vides the best civic amenities and op- tween Faridabad and Gurgaon, which an integrated township with multi- tions for day-to-day activities like hos- cclaimed for its annual destination. The popular commercial and enter- will improve connectivity. Currently, storey apartments and a local shopping pitals, connectivity options, malls, mar- crafts fair, Surajkund, With prices soaring in south Delhi tainment hubs of Greater Kailash, the nearest Metro station is in complex. kets, etc." which is strategically colonies like Greater Kailash, Chit- Hauz Khas Village, and Vasant Kunj Badarpur.However,an extension of the Omaxe's luxurious offering on the located along NH-2 taranjan Park, Saket, etc, and Sura- are only about 25-30 minutes away from metro line from the Badarpur station Surajkund Road, Forest Spa, is sur- Basic facilities that connects Delhi jkund offering an attractive affordable Surajkund. to YMCA Chowk has been proposed by rounded by 5,000 acres of greens. For- A with Kolkata, is alternative, there has been a surge in The developing realty sector of Sura- 2016, after which the nearest Metro sta- est Spa offers ultraluxurious penthous- Many schools and educational insti- emerging as a prime real estate the demand for housing here. jkund is proving to be an ideal residen- tion would be NHPC Chowk (Sector es and apartments, which have exqui- tutions like MVN Public School, Ar- Pics: Deepak Sharma 27C, Green Fields Colony). site view of the picturesque Aravalis. avali International, Manav Rachna The 66km-long Gurgaon-Faridabad The project has sauna and steam in College, etc, are located in Surajkund. corridor connects major tourist desti- each apartment, gyms, state-of-the-art Local transport around these areas is nations, industrial zones, and corpo- clubs, swimming pool, health club, also improving with a bus stand 1km rate offices and includes Gurgaon- squash court, basketball court, and from Surajkund, while other transport Faridabad Road, Ballabhgarh-Sohna multi-cuisine restaurant. The housing facilities like auto-rickshaws and taxis Road, Pali Bhakri Road, and Surajkund units come in sizes ranging from 2,520 are also easily available. Being a tourist Road. The 25km-long Gurgaon-Farid- sq feet to 7,450 sq ft. A spokesman of the spot, the area also has a number of 5- abad stretch, starting from Gurgaon's firm said that the project would be de- star hotels. Mehrauli Road in Sikanderpur and livered by the first half of 2014. Club ending at Pali Bhakri Road junction in Aura, one of the largest clubhouses in Tourist centre Faridabad, has been built by widening the NCR, with a swimming pool, spa, the exiting two-lane road to four lanes. restaurant, meditation room, gym, etc, Surajkund is famous for its Annu- A 6km Municipal Corporation of is part of this project. al Crafts Fair organized every year in Faridabad road to Surajkund and a Sanjay Trikha, president & CEO of February. Launched in 1981 by 3km Crusher Zone road was also con- Piedmont Development Company Pvt Haryana Tourism, the fair is a structed. Ltd, says: "Sectors 38, 39, 41, and 42- platform for artisans and craftsmen close to Surajkund-have registered 25% from all over India to showcase their Real estate development appreciation in property finest wares in a rural setting, and is rates over the last one a major tourist attraction in the Commercial and residential proper- year with prominent Delhi NCR. ties in Surajkund, particularly the ones facing the Surajkund Road, registered a significant appreciation. However, QQ THE NEW FOUR-LANE GURGAON-FARIDABAD EXPRESSWAY HAS even after this, the property prices QUICK CUT DOWN TRAVEL TIME FROM SURAJKUND TO GURGAON TO ABOUT in Surajkund are affordable com- 20 MINUTES NOW. IT TAKES AROUND 40 MINUTES TO DRIVE FROM BITES SURAJKUND TO THE IGI AIRPORT