Aside from visitors for leisure, company travelers come to this city since it is a major manufacturing hub in India. It is as well the country’s centre for dairy and agricultural study..
Karnal motels offer guests the ideal chance to discover and get to know this city a lot more. You’ll find many housing choices for both leisure and business travelers but the highly recommended are its resorts. At present, there are still many accommodations in Karnal which are being built and developed. Most of them are located at the heart of Karnal close not just to the city’s landmarks and sights but also to shopping spots, eating places and transit points.
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The Photograph is of New FiveStar Hotel Noor Mehal in Karnal.
Karnal located midway between Delhi and Chandigarh, is the upcoming realty destination. It serves as a convenient gateway to states of Haryana, Punjab, Uttar Pradesh and Himachal Pradesh. It is a sparsely populated area blessed with abundance of flora and fauna. It is well connected by road and rail but lacks real estate developments across all sectors-residential, commercial and retail. Thus, it definitely has a huge scope for realty growth, attracting property developers as well as property investors.
With property builders investing in tier-II and tier-III cities due to the tremendous scope and affordable prices, property rates are growing. Karnal has witnessed a substantial increase in property prices after various leading developers announced their projects in the city. It has the potential for quality retail, large format residential as well as commercial developments. It is necessary to meet the requirements of the existing residents and the floating population willing to settle down in the city.
Delhi real estate is in high demand that sky rocketed its prices making it unaffordable. The same happened in case of Gurgaon and Noida real estate as they became one of the most preferred realty destinations. Property developers were then left with the only option for looking out to find the next most suitable realty destination and settled down for Karnal.
Karnal is not only close to Delhi but to Chandigarh as well and offers good connectivity from both the cities. Chandigarh real estate has also been expanding rapidly as a result of government’s initiative to develop the smaller cities. The major developments in Karnal real estate segments have led to an escalation in property prices in the last 2 years. The government has plans to develop a medi-city as realtors look bullish and hopeful that the proposed bypass will raise property prices in Karnal.
The potential of Karnal as an emerging real estate destination is yet to be fully tapped. The concept of living in flats is alien to the residents of Karnal that makes it a difficult task to put across such an idea to them. Commercial and retail real estate segments are highly unorganized in Karnal as they co-exist without any demarcation. Once both these things are sorted out, Karnal real estate is sure to witness an all time high.
Deepika Bansal writes on behalf of 99acres.com.You Can read the Full Post Here.
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known as Karnal Airport, is a small airstrip situated about 3 KM east of the city of Karnal, It is also the airport where the famous Indian-American astronaut Kalpana Chawla first became interested in flying and it the only airstrip in the surrounding area mainly used for landing of Chief Minister of the state.
After Gurgaon, Panchkula and Faridabad , experts feel that Karnal in Haryana will be the next big thing to watch out for as it has everything going for it – strategic location, well laid out infrastructure and roads – all the economic drivers and a socio-cultural environment which are conductive to development.
An idyllic retreat, Karnal is far from the madding crowd and as Avinash Tandon, who had a brief stint at a Panipat refinery at Engineers India Ltd, puts it: “
Near Namaste Chowk, in sector 35 and 36 are residential townships by Ansal Housing &construction as well as Ansal API Ansal Town by Ansal Housing is spread over 130 acres and has 810 numbered plots, measuring between 200 and 500 sq yard (200, 250, 358, 374, 419, 500 sq yard), which are being sold at the rates between of Rs. 7000 and Rs. 7500/sq yard. A 200- to 300 sq yard plot is going for Rs.7500, 300-400 sq yard for Rs.7250/sq yard and 400-500 sq yard plot for Rs. 7000/sq yard.
Adjacent to Ansal Housing project is the another Ansal project and this can often lead to confusion, like for instance, investors going by one groups advert even have ended up investing in the other. Ansal APIs township spread over 350 acres has plots of sizes ranging from 239, 300, 400, 500 sq yard at the rate of Rs.6000- 6250 per sq yard but the bookings for phase I have closed now they are getting approvals for the second phase.
Ansal APIs has a group housing component; Sushant Royale spread over 11.25 acres
(Ground plus 6) with each flat having built up area ranging from 1427 to 2833 sq ft. In all
these are additional external development as well as internal development charges. Possession of plots will commence by mid-2009 and flats by October 2008.
Alpha G Corps integrated township Alpha International City near Liberty Chowk is spread over 141 acres and has a total of 1129 plots, of which 20% are EWS (237 plots on 60 sq yard) and NPNL plots over 164 sq yards. The plots of sizes 250, 360, 500, 970 sq yards are available at the rate of Rs.8, 500 per sq yard and they are charging a premium over the prevalent market rates. “We are providing world-class amenities and social environment that is worth the premium,” explains Deepender Sing Nanra, senior manager at Alpha G Corp.
This includes an MOU with GEMs international high school on 8 acres, with healthcare institutions such as Max and retail majors such Big Bazaar and plans for organic farms and theme parks and eco-friendly environment within the complex. While phase I will be ready by May 2009, the next phase, post 2009 will have commercial development plus group housing 2/3/4 BHK on a G+6 format.
CHD developers are also coming up with integrated township with plot, plot plus villa, and group housing. The first group to test the market with the apartments was Aerens with their Palms Residency project and they got fairly good response. With so many projects, and more in the pipeline, thequestion to be asked is who is driving the sales investors, or end users and local market. Clearly, the developers want us to believe that their projects are supported by the local market. Nanra says: “in 2005-06 we had investors from
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After a long wait, it seems that finally people of Karnal will be 
getting their first Mall.