Sonepat: The new powerhouse of the 'Deen Dayal Jan Awas Yojana' in Delhi-NCR

In the last decade, the real estate landscape of Delhi-NCR (NCR) has undergone a sea change. While earlier investment meant only Gurugram or Noida, now the eyes of investors and home buyers are set on a new rising star - Sonipat. Sonipat is today emerging as the largest centre of 'Deen Dayal Jan Awaas Yojana' (DDJAY) in Haryana. But the question is, what is it about this city that makes it so attractive for plots of land?

Let us analyze in detail the main reasons behind this golden journey of Sonipat and the increasing demand for Deen Dayal plots Sonipat.

The 'game changer' avatar of connectivity is the backbone of any city's real estate. Sonepat has been lucky in this regard.

NH-44 (GT Road) The distance from Delhi to Sonipat is no longer just a barrier. The eight-lane national highway has reduced the travel time by half.

KMP and KGP expressways: Sonipat has become a major logistics hub of North India due to its location at the junction of Kundli-Manesar-Palwal (KMP) and Kundli-Ghaziabad-Palwal (KGP) expressways. It is directly connected to Punjab, Himachal Pradesh, Uttar Pradesh and Rajasthan.

RRTS and Metro extension: The Delhi-Panipat Rapid Rail Transit System (RRTS) and the proposed Metro extension have created confidence among investors that it will be easier to reach Delhi's business centres from here than any other suburb in the times to come.

The Deen Dayal Jan Awaas Yojana (DDJAY) The Haryana government's DDJAY policy has breathed life into Sonipat's real estate market. 

Floor - wise registry: The biggest attraction under DDJAY is that the buyer can build four floors (Stilt + 4) on his plot and have a separate registry of each floor. It has become a great source of rental income for investors.

Bank loan facility: These projects are RERA registered, which makes it very easy to get loans up to 70-80% from banks.

3. An unparalleled confluence of education and industry, Sonipat is no longer just an agrarian region, but has become a 'Knowledge City'.

Rajiv Gandhi Education City World class institutions like Ashoka University, O.P. Jindal Global University, SRM and World University of Design are located here. Due to these institutions, the demand for students and faculty living here has increased, which has led to a huge increase in the value of residential plots.

The Industrial Corridor: The arrival and expansion of large companies like Maruti Suzuki in industrial areas like Kundli, Rai and Bari has created thousands of jobs locally. When jobs grow, the demand for housing automatically increases.

Buying a small plot in 'value for money' Gurugram or Golf Course Road Extension as compared to Gurugram is out of the common man's bus today. There, prices have gone above ?2 lakh per square yard.

The comparative advantages: In Sonepat, one can still find good Deen Dayal plots for anywhere between ?60,000 and ?90,000 per square yard at better locations. Investors feel that the possibility of capital appreciation is more here. The development that Gurugram has seen in the last 20 years is now expected to happen in Sonipat in the next 10 years.

Pollution-free and planned lifestyle Tired of the crowded and polluted environment of Delhi and Gurugram, people are now looking for an open and calm environment. The newly developing sectors of Sonipat (like Sectors 33, 34, 35 and 36) are being developed like modern townships.

Green belts and parks: There are special provisions for parks and green areas in the colonies developed under Deen Dayal Yojana.

The infrastructure: Wide roads, sewerage system and 24-hour power supply have improved the quality of life here.

Prospects for the future: When is the right time to invest?
Market experts believe that the 'boom' has just begun in Sonipat. After the completion of the Jewar Airport as well as the Haryana Orbital Rail Corridor, the prices of Sonipat will run faster. Due to the limited availability and increasing demand for Deen Dayal plots, prices here can be seen increasing by up to 40% in the coming 2-3 years.