Karnal Striking destination for investment
Karnal is considered to be one of the most ideal real estate hotspots in the NCR. The city has everything to attract the ultimate end-users towards it. Situated in the Northern region of Haryana state, this city’s origin is inlaid with a touch of richness and vibrancy, along with a slew of high tech citywide amenities and facilities. The town, also known as the rice bowl of India is a convenient gateway to Delhi, Punjab, Uttar Pradesh, and Himachal Pradesh as it is just 123 Kilometer from Delhi & 130 Kilometer from Chandigarh, the six-lane Chandigargh Expressway connects Karnal very well such that it is a real estate destination with high potential.
As per the Anarock Property Consultants data, Karnal saw the launch of approx 3,500 units over the last four years. Projects by leading developers like CHD, AlphaCorp, Ansal Housing, Signature Global etc have been well received or by buyers.
Located in sector 28 and 29 of Karnal, Alpha International City is home to over 100 families. The township is spread over 330 acres of which 226 acres have already been developed and delivered in Phase I & II. With a state of the art entertainment and recreation center – Alpha Center, built over an area of 41,000 sq ft, Alpha International city has emerged as an ideal residential destination in Karnal. phrase it better. Expressing views on Karnal as a residential hub, Ashish Sarin, Director and CEO, AlphaCorp said, “Karnal’s proximity to Delhi as well as Chandigarh makes it a highly sought after residential hub of NCR. The city is increasingly attracting investment from people because of its modern infrastructure, great amenities, clean air quality and vast options of residential as well as commercial properties”.
CHD Developers, one of the oldest developers in Karnal, has delivered one of the most popular projects- CHD City. It has recently also launched the most affordable project in the city named “CHD Green Park Residences”, a Ground+2 independent floor concept under DeenDayal Jan AwasYojna. Explaining about the Project, Gaurav Mittal, MD, CHD Developers Ltd. said, “The project is a part of 200 acre integrated self-sustained township – CHD City, Karnal. Spread over a land parcel of 40 Acres, Green Park Residences offers 2 BHK independent floors at an affordable price starting from 14.99 Lacs. Benefits of Pradhan mantriAwasYojna can also be availed in this project.”
Ample green cover, easy accessibility from major cities in the region, planned development and the unique amalgamation of ethnic and modern-day city life have made Karnal a favourite with developers and buyers alike. The city also has 16 government research institutes and is also home to many educational and health centers.
Realty experts are positive about the growing interest from investors in Karnal, which has not only augmented its economic growth but also positioned it prominently among the fastest-growing cities of NCR making it the next realty destination.