PANIPAT

The ancient historical city of Panipat lies on NH-1 just 90 km away from Delhi. It is known as the boomtown of Haryana as it is the goldmine for real estate developers and property investors. With a huge range of opportunities for small-scale developers to big developers, Panipat is a source of huge revenue collection for developers. In the last some years, property prices have gone through a drastic change in here. The price trend of last three years shows that there has been a constant rise in the prices of property in Panipat. With the industrial growth taking place in the city, the real estate market has also gone through a continuous development. A set of ongoing commercial projects has led to the growth of employment in this region of Haryana. The city has a lot of potential in terms of employment as the commercial and real estate projects are in high demand. The government also provided given special attention to the transport and communication sector of the city which caused a lot of development for interstate commercial transactions. Properties are being pre-booked even before they are completed as top property developers have shown special interest in the development of urban housing complexes. The increase in the influx of funds had led to the growth of demand and supply of residential properties in Panipat. A study suggests that Panipat will emerge as a real estate hub shortly. With residential projects like the Parsvnath Paliwal City by the Parsvnath Developers and Golden Gate by BEST Group, Panipat is all set for a makeover in the real estate market. Both the township involves investments of 235 crores and 256 crores respectively. The townships are well-equipped with schools, hospitals, multiplex, green lawns and shopping malls. Panipat is ready to write a new history in the real estate market of Haryana.