Residential Properties in Sonipat

Investment for Residential Properties in Sonipat

Investment in the real estate sector is fraught with challenges and opportunities. A great purchase whose value appreciates with time can be a wonderful investment. Yet a poorly negotiated deal that does not give you value for the money you invested is a major setback. So, if you are looking for residential properties in Sonipat, it is always a good idea to spend adequate time researching the market before you spend a whopping amount on any deal.

In this blog post, you get a fair idea of the availability of residential properties in Sonipat, the price of the residential properties for sale in Sonipat, which factors you should consider while buying a house, how to look for a good house, and finally, why a Sonipat residential property for sale is in great demand.

Residential Properties For Sale In Sonipat

If you are looking for residential properties for sale in Sonipat, start by registering in real estate applications that give regular updates about the availabilities. If you start looking around Sonipat residential property for sale, you will get an idea of the areas that are doing well in the real estate market.

Sonipat residential property for sale

If you are looking to buy Residential property in Sonipat, these are the areas to look out for:

1. Sector 27 in Sonipat

This is an ideal location for investing in real estate. Depending on the area you are looking for, a plot in Sector 27 could cost around fifty-one lacs to two crores. So, based on your budget, you can find many options here.

2. Sector 61, Sonipat

Just like Sector 27, this is also an emerging and promising location. The cost of the property is around four thousand rupees per square foot. But the residential rental rate is around ten rupees per square foot.

3. GT Karnal Road

GT Karnal Road is an industrial area in Sonipat, and given the growth of the industries in this area, the prices of residential properties are also increasing. In order to buy a square foot of land in the GT Karnal area, you will have to shell out two thousand rupees to purchase the land and eight rupees per square foot to rent land on GT Karnal Road.

4. Sector 35 In Sonipat

In Sector 35, you will find properties that come with a price tag of twenty-eight lacs to three or four crores.

5. Bahalgarh And Ganaur

In places like Bahalgarh and Ganaur, you will get lavish properties, the price of which could go all the way up to seven crores. So, if you have deep pockets, a luxury residential plot or house in these areas can be your pick.

Why Should You Buy residential properties in Sonipat

residential properties in Sonipat are a worthy investment for the following reasons:

Historical And Cultural Significance Of The Place

Sonipat has a strong connection with the Indian epic Mahabharata. It was originally known as Swarnprastha, which literally translates to golden city. When Pandavas demanded five villages instead of Hastinapur, this place was on their list.

Strategic Location Close To Delhi

Metropolitan cities like Delhi and Mumbai are way too crowded. The real estate rates are sky-high, and most people cannot afford to buy new residential areas in these cities. However, places like Sonipat, which is only around thirty kilometers away from Delhi, are the best bet for a real estate investment.
Sonipat is not only close to the national capital of the country, but it is also close to cities like Meerut, Panipat, and Rohtak. In fact, the river Yamuna flows through the city, and the Indira Gandhi International Airport in Delhi is around sixty kilometers away.

Economic Potential And Job Prospects

Job prospects and economic potential are the most important factors that drive the influx of new inhabitants into a city. Sonipat scores well when it comes to economic potential and job prospects. The Kundali industrial area, Rai industrial estate, and the Sonipat industrial area are thriving industrial hubs.

Moreover, Sonipat has a lot of potential in the Information Technology (IT) sector, and boasts many job opportunities. The presence of the media industry and that of top Universities is another reason why many youngsters are thronging to Sonipat. Top Universities like The BR Ambedkar National Law University attract several young law aspirants to this city.

Road And Connectivity

Sonipat is quite close to Delhi; however, physical proximity is useless if the two places are not well connected by road and railways. Sonipat is located along the Kundli-Manesar-Palwal expressway, and therefore, many people are investing in properties here. The presence of the Eastern peripheral expressway and the proposed Delhi-Sonipat RRTS also makes Sonipat well connected to the country's capital city, Delhi.

Factors To Consider When You Look For A New Residential Property

The economic potential, social infrastructure, and road connectivity are important criteria to remember when buying a house. But you should also search for properties via well-reputed brokers and property apps

Search a highly rated and reputable app for Sonipat residential property near me. Decide if you want to buy a flat, a house, a lavish bungalow, or just a plot of land on which you can build your house later. The app will give out a list of listed plots or houses along with the brokerage, area, other features, etc., as well as information like whether you should take a loan to improve your credit score before you apply for a home loan to buy the property.

Conclusion

In recent years, Sonipat has been growing and expanding very fast. It is well connected with the National Capital Area (NCR) by road and railways. Delhi is expected to be only twenty to thirty minutes away when the proposed developments in the transport sector are completed. With overcrowding in cities like Delhi and Gurugram, those working or having businesses in the NCR or neighboring areas choose Sonipat for residential purposes.

The real estate prices are still much cheaper than in the NCR and cities like Gurugram or Noida. But prospects are bright. Therefore, it has now emerged as a new property destination, and any investment in residential property is expected to reap high dividends.