Monday, 22 December 2014

Boom Towns - Haryana, the new boom town state of the north

Haryana's Gurgaon started the real estate movement for north India. But, soon, UP took center stage. Now, Haryana has once again forged ahead.

With the change at the Center and now in Haryana, real estate sector in the state have great expectations from the government. They are expecting that the change will bring in fresh lease of life to the realty sector in the state in the days to come. Especially at a time when Haryana's new chief minister Manoharlal Khattar is already talking about transparency, easy clearances, single window system, and inclusive development, growth chart of the state is all set to head north. With its proximity with the national capital, the newer areas of the sate have already state looking good and are promising to go the Gurgaon way in the days to come. The real estate players too are looking at the newer pastures that can provide then an opportunity to develop new cities and get the growth momentum going.

Navin Raheja, CMD, Raheja Developers and chairman, Naredco, says, “With NCR especially Haryana catering to several industries and manufacturing and services providers, such schemes will go a long way in attracting manpower and skill set to meet the growing demand of workers in the state. Even for migrant workers who relocate to such geographies for work from smaller towns and villages, once they have affordable housing available, they can relocate their families to provide them a better living, education etc. and improve their work life balance. “ Ajay Singal, treasurer, Credia-NCR too is of the opin ion that future growth will certainly lie in areas like Ambala, Karnal, Panipat on NH-1, Rohtak and Hisar.

Taking about the same, Jagadish Nangineni, regional head, Delhi-NCR, Sobha Limited, says, "We believe there are numerous growth regions in the state that will emerge with a growth in the real estate sector. The ability to generate greater employment opportunities by the manufacturing or services sector and the development of better infrastructure facilities will lead to the growth of new areas, as is the case witnessed in cities like Gurgaon."

Sunil Choudhary, CMD Kashish Developers, says, "Apart from the Dwarka Expressway or the Northern Peripheral Road, the Southern Peripheral Road to Sohna also holds tremendous potential for the future."

Source: PropertyatNeoDevelopers.Wordpress.Com

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