The real estate market of North India is growing as the investment in residential plots has increased manifold over the last few years. With the increase in disposable income of people of India, demand for affordable housing has also increased in towns of North India that includes Noida, Gurgaon, Chandigarh, Mohali, Panchkula, a plot for sale in derabassi, and Zirakpur. Derabassi has the most promising future in this list; the reason being its strategic location and availability of the best residential plots that fit a common man’s budget.
A lot of people are preparing to buy property for sale in Dera Bassi. The biggest reason is that the prices of properties are very reasonable, to begin with. Derabassi is very near to Chandigarh and it offers strong connectivity and numerous facilities like what the entire Tricity region is known for.
The buyer’s sentiment towards real estate is improving now. However, there is a paradigm shift in the approach towards both commercial and residential real estate as developers are now moving towards tier II and tier III cities. Karnal is one such city that has caught the attention of a lot of developers and buyers recently and realtors are launching new residential projects in karnal.
The city has become the growth corridor of Haryana; hence, it is enjoying undivided attention from real estate players. With the increase in residential and commercial properties in the city, Karnal is among the top listed cities seeing the boom in the real estate sector. It is growing at a fast pace and has become a winning destination in the state of Haryana.
Karnal is also famous for the manufacturing of agricultural equipment. The city also features in the list of ‘Smart Cities’, which further improves its prospects for growth. Karnal is growing by leaps and bounds and is home to premium government research institutes. Popularly known as the ‘rice bowl of India’, it has the largest wholesale rice market in north India. The state government has also proposed the first domestic airport of Haryana and some large-scale infrastructure projects to be built here. The growing number of residential and commercial projects is also enhancing the city’s reputation as a real estate investment hub. All these factors put together make Karnal a hotspot for investment and a value-for-money proposition for investors.
After Karnal, Panipat is also a fast developing city in Haryana, and demand for plots in Panipat is rising. Over the past few years, Panipat has witnessed rapid growth, providing great opportunities to lead a holistic life in a small city. The development of luxury villas and lavish apartments in Panipat will further prop up the realty sector. The Haryana government has proposed several new projects for the round development of Karnal and Panipat. The development work includes the building of new projects, city bus service, installation of CCTV cameras, multi-storeyed parking arrangements, infrastructure development like widening of roads connecting Karnal, the building of hospitals and hotels, strengthening of drainage and sewage systems, to name a few.