For the last 10 years there has
been a major real estate development taking place in Sonipat and it has
developed by many folds. 10 years ago Sonepat was nowhere on the map of real
estate development in Delhi-NCR in fact it was not even considered to be a part
of NCR. It was back then only a simple agricultural town with simple people
living here and no major real estate development going on in Sonepat. The real
estate prices in Sonipat the area used to be stagnant and would
increase in very few important areas and that too at a very negligible pace
providing almost no profit for investors. Roads in the city were in very bad
condition and no new roads were constructed in the area for a long time. Basic
facilities like water supply and sewage disposal were only available in the
inner city areas only and were not available in many colonies on the outskirts
of the Sonipat city back then. The population was also comparatively lower.
People used to migrate to Delhi and other metro cities in search of jobs and
higher education.
Then in 2003-04, the real estate
revolution started taking place in Sonepat and the initial development were
started from the Kundli area. Real estate companies started acquiring land from
the farmers to start developing their projects in Kundli and soon many real
estate companies were developing their projects in Sonepat city itself. The
real estate companies that started their projects earliest in Sonepat were TDI,
Ansal API and Tulip. After these companies many more companies came to Sonepat
and it became a hot spot for every real estate development company in
sonipat of north India. Almost everywhere in Sonepat a real estate boom was
going on. The living standard rose higher than before, many retail chains and
branded showrooms were opening all around Sonepat. Many new roads were
developed, many new over bridges are being constructed and the conditions of
roads improved remarkably. Even the colonies started getting many basic facilities
and the real estate market started seeing exponentially upwards graph. Even the
government real estate agencies like HUDA, Housing Board and HSIIDC started
developing real estate projects in Sonipat
and soon there was development everywhere in Sonipat and soon it is going to be
one of the best places to live in India.
