The historical city of Panipat is located 90
km from Delhi on Sher Shah Suri Marg and is often touted as
"City of Weaver". It has made a mark improvement
in International Market for Handloom Production.
Ushering in the mall culture with set up of one of the five
shopping arcades, Panipat continues to grab the attention
of prospective investors. Panipat holds a distinctive distinction
as petrochemical hub. But there has been an ongoing process
of developing it into a hi-tech city, which has inspired many
real estate developers to invest in Panipat real estate.
Panipat has witnessed high growth in real estate sector during
the last few years with the number of construction projects
coming along its way. The upcoming residential properties
including apartments, bungalows, villas and condominiums will
have additional facilities which are certainly very difficult
to scout in an individual plot. This includes swimming pools,
gymnasium, club facilities, etc. The demand for residential
plots of land is going through the roof in elite part of the
Staying in step with the development of residential projects
in Panipat, commercial market is no behind and riding the
growth wave. This city of textiles and carpets is also fast
developing into a hub for commercial real estate. This would
not only host the big shopping avenues featuring world class
brands, but would also get an entertainment source with the
opening of multiplexes.
With the Mittal Mega Mall, first shopping cum entertainment
venue, world class brands, top notch services, and known names
in the world of food chain and clothing are just standing
on the threshold of the city. Spread over the area of 2 lakhs
sq ft., this extravaganza would cater to the demanding needs
of upper and upper middle class which used to come to Delhi.
Besides Mittal Mega Mall, DAP Angel Prime Mall and Reliance's
retail hyper mall, Raheja Expo Mall, Saraf Mall and Fun City
Mall are also expected to spread their wings to Panipat. Reliance
has also picked Panipat as the favored city to launch its
retail hyper stores in Haryana.
There is a proposal to construct an "Industrial Park"
in and around Panipat for adding to the pace of down stream
industries' development. Moreover, there would be high class
environment for the citizens with amenities like fully developed
roads, drains, sewerage, street lights, electricity, common
effluent treatment plant, fire fighting station, commercial
and housing facilities including development of social infrastructure
like schooling, hospitals, parks etc.
Realty boom in Panipat is being complimented by increasing
influx of funds. As more and more investors are foraying into
the city, industry soothsayers are confident about their prediction
regarding Panipat to emerge as the next Gurgaon soon. In view
of all the upcoming developments, it would not be incorrect
to say that a dazzling tomorrow is waiting for opportunities
in Panipat real estate.
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