Suburb areas are growing very
fast speed the reason behind this is population density in Delhi NCR. Kundli
situated north of Delhi on National Highway - 1 is an emerging corridor of growth.
In the last few years Delhi is showing more property demad in residential as
well as commercial area. During 2005-2008 periods when the property market was
on peak, Kundli experienced demand for residential and commercial properties
and prominent developers such as Ansal API and TDI City Kundli
launched their residential township projects in the area.
The area witnessed a reasonable
appreciation and the values appreciated by 10-15% during that period. Then,
values stabilized and witnessed a minimal drop during the recession period.
But, post recession Kundli has
regained its position and is seeing array of new residential and commercial
project along the bypass road. Construction work of KMP (Kundli-Manesar-Palwal)
Expressway has also accelerated, supporting the infrastructure development and
enhancing connectivity.
The increase in demand has also
prompted other developers such as Omaxe Ltd, Ushay Group, and Parker Estates,
among others to launch their projects in the area. Residential plots as well as
residential apartments are available for resale as well as in the newly
launched category. An individual can book a 2BHK apartment starting from Rs 25
lakh to a 4 BHK semi-furnished apartment priced at Rs 55 lakh. Wide selection
of new projects and features in accordance with values are available for
buyers. According to local realtor K L Kapoor, the area is fetching good demand
from the past 2 years and values have appreciated by more than 25% from 2009
onwards.
He also stated that the occupancy
is also increasing and in projects like Sunshine City and TDI
Kingsbury, people have started residing. Rising occupancy has also
uplifted property values in the area. With the improving infrastructure,
expanding education sector and its proximity to Delhi, the city is set to
evolve as an apt investment destination. This has resulted in uncontrolled land
use and environmental degradation. The beautification plan when implemented
will help municipalities create an eco - friendly environment. The urban
development department also wants to execute canal renovation work with funds
of the National Ganga River Basin Authority. Firhad and department officials
had a meeting with the Centre last week where they expressed willingness to
bring these canals under the scheme. Slowly but steadily, the airport factor is
definitely going to be the unique selling point, says a realtor. Builders seem
to be definitely benefited by this airport factor. They are trying their best
to cash in on the demand factor as this factor is riding high on everybody’s
minds these day’s says a developer. The developer explains
that along with residential property, commercial spaces like shops and malls
will also get a decent appraisal. Premises, especially in the vicinity of the
airport are getting a response and we are sure that with the advent of
the corporate sector in Delhi, the commercial spaces will also go for a
killing.
