Panipat

Panipat is a historic city and falls under the Delhi NCR region. Located about 90 kms from Delhi, this city has undergone large scale improvement and development in the last decade. The government is taking all the necessary steps to boost up infrastructure and fasten the urbanization process. This also means that there are opportunities for international investors to invest in this growing city.

Real Estate Scenario
Real estate in Panipat has reached new heights. There is overall development taking place in the city. Some of the factors that have contributed to a boom in realty are:

• Proximity to Delhi
• Industrial hub
• Good connectivity
• Development efforts by the government

Residential Real Estate: Listed below are some of the important residential sectors in Panipat:

• Sector-6 Size Area: 133.28 Acre
• Sector-7 & 8 Size Area: 266.41 Acre
• Sector-13 & 17 Size Area: 330.94 Acre
• Sector-18 Size Area: 289.80 Acre
• Sector-24 Size Area: 192.90 Acre
• Sector-40 Size Area: 35.0 Acre

There are a number of upcoming residential properties in various parts of the city. These residential properties are being built by leading realty developers and include apartments, independent houses, builder floors, villas and condominiums.

All the newly constructed properties are being built keeping in mind the global investors, so these buildings offer international standard facilities like swimming pools, gymnasium, club facilities, etc. The demand for residential plots of land is increasing with increase in population and rising disposable incomes.

Commercial Real Estate: The retail industry boom has also hit Panipat, with a number of malls being constructed within and outside the city. Rising purchasing power, changing lifestyle, growing working population have been instrumental in bringing a retail revolution.

Industrial Real Estate
The city is famous for carpet manufacturing and textiles. It is one of the biggest manufacturing regions for both products. It is also famous for being the largest manufacturing region for cheap blankets, and has a concentration of the handloom weaving industry. The place is internationally renowned for quality handloom. An International Trade and conventional centre will be developed at Panipat for promoting handloom products.

Panipat also has a concentration of a few heavy industries, like refineries and thermal power plants. It is also renowned for producing re-cycled yarn. Carpets manufactured in the city are exported to many European countries.

Sector- 25 and 29, sector 25-phase II and sector 29 phase II are the industrial areas with concentration of many small, medium and large scale companies across industries. Sector-29(P-I) has an area of 135.54 Acres. Sector-29 (P-II) has an area of 600.00 Acres.