Category: Quantity Surveyors

Sonipat belt becoming a favoured property destination for property investment

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Real Estate Advise

Kundli, Sonipat and Panipat are today becoming the best investment optins in the NCR owing to their close proximity to Delhi and the fast-paced infrastructure development in these areas. Main reason why these areas have emerged as a favourite destination of investors is the prices that are already high in other parts of the NCR.

Some other regions, therefore, do not offer much scope for appreciation, whereas in Kundli, Sonipat and Panipat prices are still low, and investors can hope to make profits. The KMP Expressway, nearing completion, will provide faster access to the international airport and facilitate the development of a new economic corridor. Kundli is about 25 km from Pitampura. Just as people living in south Delhi prefer to invest in Gurgaon, those living in east Delhi prefer to invest in Noida and Greater Noida, so also those living in north and west Delhi are now investing in the Kundli, Sonipat, and Panipat belt.

The infrastructural developments taking place in Kundli are poised to convert the region into another Gurgaon. The KMP and KGP Expressways, under construction, will make connectivity easy to Kundli and convert it into a logistics hub. The forthcoming 5,000-acre Rajiv Gandhi Education City, IT parks and the expansion of the Kundli Industrial Zone in the area will generate employment and economic activity. Such activities in and around the developing area will give rise to an increase in demand for residential, commercial and retail real estate, and fuel a growth that will make Kundli a top NCR destination.

Real estate in Sonipat is witnessing large-scale developments in all sectors residential, commercial and retail. Residential property in Sonipat has become a favorite in comparison to its commercial and retail segment. Rohtas Goyal, the chairman and managing director of Omaxe Group, says: As Delhi real estate became unaffordable due to rocketing prices, the NCR cities like Gurgaon and Noida caught everyone s attention. Now, real estate in Gurgaon, as well as Noida, is following the same path as Delhi, and consequently developers are looking beyond them too. The next in league is Sonipat, which seems to be all set to become the new Gurgaon.

About 50km from Delhi, Sonipat is today seen as one of the largest industrial zones of Haryana. It is fast emerging as an excellent residential and investment destination due to large availability of land and low property prices. A spurt in Sonipat real estate is evident with various developers and builders launching large residential as well as commercial projects in the city. It has a well-developed industrial base and supportive infrastructure. Leading brands like Atlas Cycles, Hilton Rubber, ECE, Hindustan Everest Tools and Satnam Overseas already have their units in the town.

About 90km from Delhi, Panipat continues to grab the attention of prospective investors. Panipat has the distinction of being a petrochemical hub. But there has been an ongoing process of developing it into a high-tech city, which has inspired many real estate developers to invest in Panipat real estate. The Haryana government is taking keen interest in developing the region with heavy investments. A government s approval in acquiring 5,000 acres of land for petroleum, chemicals and petrochemical investment has already taken place. According to sources, the proposed region is expected to attract 400 companies with an investment of nearly Rs 13,000 crore in the coming years.

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ArticleRich.com

By Alek Jones

Whether you own a small apartment or large premises, property management will be able to save you a fortune in expenses as well as stress. Despite the fact that many property owners think that they can handle all aspects of managing a property without the help of experts, it is all too often much more difficult than it appears, and to ensure effective management of resources, property owners need to be careful about hiring inept fly by night companies who are not equipped to manage properties. A recent news story about South African Police Commissioner Bheki Cele and his mismanaged team of property managers has brought home the importance of ethical and accountable management regardless of the size or nature of the property. The SAPS has come under a lot of fire for allegations of mismanaged funds, which are reportedly in the region of nearly R7 million.

While the SAPS answer to the powers that be on the use of the allocated funds, property owners can consider the following benefits of hiring a trusted company to manage their property effectively:

1.Residential properties are able to extend their life-span considerably

Residential apartments, especially those that date back to the 1970s and thereabouts, are able to stay maintained and well-kept with proper property maintenance and management. From simple things such as replacement of floors, taps or windows, to full renovation and restoration of older flats, properties are able to get a new lease on life, making them solid investments that will attract tenants year after year. With so many new apartments on the market, older apartments are often bypassed for trendier properties however with regular renovation and upkeep, older blocks are able to continue keeping up on the highly competitive property rentals market.

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3.Property experts will be able to save you on costs

Many landlords avoid hiring property management companies as they are concerned about forking out to pay for management services. In the long run however, these companies can actually help save costs with excellent contacts on repair services, and admin kept up to date, things run a lot more smoothly, minimising on wasted time and keeping costs down by carefully managing funds. Many management companies are also able to negotiate discounts with bulk wholesalers, to help you save even more on contracting costs and supplies for renovations.

For fuss-free operations and quality service, property management companies offer a highly beneficial way for property owners to manage their properties easily and simply.

About the Author: Gerald Smit offers advice for homeowners seeking effective

property management

and options for

property development

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