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Tuesday, July 17, 2018

Getting higher

Around 90 kilometers away from the nation’s capital Delhi,the city of Panipat has its own colourful history.

Written by Praveen K Singh | Published: March 28, 2009 10:14:44 pm

Around 90 kilometers away from the nation’s capital Delhi,the city of Panipat has its own colourful history. Known for the three key battles fought in the past,the city is also known internationally for its handloom production.

Now,the city is fast changing to adopt forward-looking outlook. Real estate experts believe that the city is a goldmine for developers as well as investors. Even in the recession time,the property prices in Panipat have been on rise.

Primarily,a commercial hub,the city has been experiencing a continuous development with major companies opening their offices.

However,the government of Haryana is on the forefront to give the city the best possible infrastructure,it’s the private builders who are playing lead roles in brining the city on the global map of real estate development.

The city,witnessed a high growth in real estate sector during the last few years,with a number of construction projects,both in residential as well as commercial segments.

Already the mall culture have zoom the outlook of the city with the influx of modern shopping and living experience in the forms of shopping mall,multiplexes,retail stores,apartments,duplexes and penthouses. Some of the city’s renowned structures include Fun City Mall,Raheja Expo Mall, Mittal Mega Mall,DAP Angel Prime Mall,Saraf Mall and Reliance’s Retail Hyper Mall.

Parsvnath Developers,a leading realty company,is developing a township near the Devilal Choudhary Park in sector 38-39,which will have all the facilities including schools,multiplex,shopping malls. With an investment of over Rs250 crore,this township will also have plots and group houses.

Best Group,a local realty company,is developing a 10 acre-mini township with the name of Golden Gate,which will highlight 15 towers featuring independent floors with three bedroom units and blocks of two and three bedroom flats.

Another developer,Shivam Realtors is developing ‘City Mall’ in Sector 12,HUDA,which will be spread in an area of over 2500 sq. mt. plot and will feature food courts,entertainment zone,ample parking space,and other facilities.

The leading realty company of the country,DLF is also developing two exclusive shopping malls in the city.

Panipat is also developing several industrial parks making space for leading corporates.

The industry fortune-tellers,who are certain about their calculation about Panipat,say that the city will come out as the next Gurgaon in the near future.

With the government’s regular initiatives,the city has improved amenities like drainage and sewage systems,roads,power supply,street lights and social infrastructure,such as medical facilities,schools,parks and entertainment and cultural centres.

The real estate in Panipat is in receipt of comprehensive management for stable growth,which is certainly an indication of vivid future.

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