Kundli,the coming boom

With its proximity to Delhi and a slew of infrastructure projects under way,Kundli is all set to become the next realty destination

Kundli,a 15-minute drive from the residential hubs of north and north-west Delhi such as Pitampura,Rohini and Punjabi Bagh,is now one of the best investment destinations in the NCR,especially after the National Highway NH-1 became signal-free recently. With land rates of residential sectors in this area being only a tenth or fifteenth of the rates in Rohini and Pitampura,the place definitely holds a strong potential to become an investment haven for people of the NCR,as also those in the surrounding states like Haryana and Punjab.

The fast developing area of Kundli has a lot of locational advantages. Being located right on the highway,it is easily accessible and is at a distance of approx 25 km from the Pitampura TV Tower in the north of Delhi.

Two new infrastructure projects have also been announced,which is an added incentive to those wanting to live here.

In addition,a new expressway would soon be connecting Kundli to NH-8,which will have two corridors 8211; the eastern corridor that will go via Ghaziabad and Noida,and a western corridor that will go via Bahadurgarh. Necessary steps to ensure metro connectivitiy in the area are being taken,which will reduce travel time significantly.

For investors,Kundli offers the maximum scope for price appreciation as since prices are low here,while they are already quite high in most other parts around Delhi. Its future has almost brightened after it was declared part of the NCR in Delhis Masterplan 2021. The current prices in Kundli are in the range of Rs 2,4002,700 per square foot.

A number of established developers have been purchasing land banks here. These include TDI,Ansal Properties amp; Infrastructure,Parsvnath,Omaxe and Senior Builders. Of these,TDI and Ansal Properties amp; Infrastructure have already got licences from the government,while the rest have applied and are likely to receive them soon.

As for the employment avenues,the Rai Industrial Area has been undergoing rapid development in Sector 7,Kundli. A container depot would soon be set up there,with several rubber and belt manufacturing companies already setting up their base in the area.

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Moreover,the Haryana State Industial Development Corporation HSIDC is actively promoting Sonepat district as one of Haryanas largest industrial belts.

Bawana and Narela,two other well-known industrial areas in Delhi are also located nearby.

To add to this,as an important initiative,the Haryana government is planning a 1,500 acre Education City in Kundli,which would give a tremendous boost to the education system there,adding to the list of advantages the area would offer.

Surveys are revealing that families living in smaller houses in areas like Rohini and Pitampura,are looking to move into bigger houses. For them,Kundli turns out to be the most preferred location,as the property rates are fairly reasonable here. This seems to be a good option on both counts of location and affordability.

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From a long term perspective,Kundli is definitely a great prospect for investment,as the real estate picture here is quite lucrative and seem to be in favour. It has the utmost potential to become the most preferred investment destination northward of Delhi in the years to come.

The author is MD,Bajaj Capital