How Sonipat fast emerging as destination for realty investors

Sonipat is on the brink of a real estate revolution. The city's evolving infrastructure, coupled with its strategic location near Delhi, makes it a hotbed for investors looking for substantial returns on investment - M Rahul Singla, Director of Mapsko Group

Mumbai: Once seen as a satellite town on the periphery of the national capital, Sonipat is now pulsating with the promise of economic and real estate growth. Propelled by a blend of strategic geographic location, infrastructural development, and government incentives, this tier-2 city is fast emerging as a coveted destination for investors and homebuyers alike.

Located just north of Delhi, Sonipat benefits immensely from its proximity to the capital while escaping its urban sprawl and congestion. This advantage is further enhanced by excellent connectivity through the Kundli-Manesar-Palwal (KMP) Expressway, which skirts the city, providing quick access to various parts of Haryana and neighboring States. The upcoming Rapid Rail Transit System (RRTS) and the Delhi Metro extension are set to improve connectivity even further, reducing travel time to central Delhi to under 30 minutes.

The government's focus on improving infrastructure in tier-2 cities is visibly bearing fruit in Sonipat. The Urban Infrastructure Development Fund (UIDF), managed by the National Housing Bank, is set to boost the creation of urban amenities, making Sonipat more attractive to residents and businesses. Additionally, the city's inclusion in the Delhi-Mumbai Industrial Corridor (DMIC) promises substantial industrial growth, with plans for smart industrial parks and logistic hubs that are expected to generate significant employment and boost the local economy.

With improved infrastructure and connectivity, Sonipat's real estate market is experiencing a significant transformation. Affordable land and lower cost of living are attracting both developers and buyers, leading to the emergence of organised housing projects and commercial spaces. The government's Make in India initiative has been a significant catalyst, with several manufacturing units setting up shop in and around Sonipat. This has led to commercial real estate witnessing robust growth with the development of new offices, retail spaces, and industrial complexes. As more businesses and educational institutions establish their presence, the demand for both residential and commercial properties is expected to surge. Major real estate players recognise the potential and are investing heavily in large-scale developments.

Talking to Bizz Buzz, Rahul Singla, Director of Mapsko Group said, “Sonipat is on the brink of a real estate revolution. The city's evolving infrastructure, coupled with its strategic location near Delhi, makes it a hotbed for investors looking for substantial returns on investment. The burgeoning demand for quality residential and commercial properties in Sonipat is fueled by a combination of affordability, spacious layouts, and a better quality of life compared to the crowded metropolitan areas. The rise of remote working models is encouraging more people to move away from traditional city centers. Every month, Sonipat is attracting not only locals but also people from Delhi and other metros who are looking for a peaceful yet connected place to settle.”

Sonipat's emergence as a prime destination for real estate investment is attributed in large part to the city's burgeoning plotted developments, which offer homebuyers spacious layouts and the opportunity to customise their dream homes. These plotted developments cater to the preferences of modern homebuyers, who prioritise both affordability and lifestyle quality. The well-planned plotted development in Sonipat is reshaping the real estate landscape, making the city the preferred choice for individuals seeking to invest in or settle down, he said. On the evolving market dynamics, Mohit Malhotra, Founder & CEO of NeoLiv, an integrated residential real estate platform, said, “NeoLiv embraces a forward-looking ethos, where innovation and opportunity intersect. We envision that new age cities like Sonipat will become the crucibles of future economic dynamism. Their appeal lies in a harmonious mix of affordability, accessibility, and lifestyle amenities, offering new relaxed havens of living. As living preferences evolve and government initiatives take root, these cities are uniquely positioned to reshape the real estate narrative, attracting investors, homeowners, and businesses alike. With the emergence of large industries such as the upcoming Maruti Suzuki plant in vicinity of Sonipat belt, these locations are poised to drive demand for mid-income housing projects and plotted developments, transforming into vibrant residential

neighbourhoods."