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Business Standard
4 days ago
- Business
- Business Standard
Beyond the Borders: How Sonipat's Metro and Mega-Projects Are Redefining NCR Real Estate
NewsVoir Sonipat (Haryana) [India], May 31: Long seen as an industrial backyard of Delhi, Sonipat is rewriting its identity as one of the promising real estate frontiers in NCR. Located just 20 km from the capital, this Haryana town is now riding a powerful wave of infrastructure-driven growth. With expressways, metro extensions, and industrial mega-projects converging, Sonipat today echoes the early transformation stories of Gurugram and the more recent boom along the Dwarka Expressway. Strategic location, affordability, and a forward-looking master plan are together turning Sonipat from a peripheral player into a key growth engine in NCR's real estate landscape. The Expressway Web Connecting Sonipat to NCR & Beyond A layer of infrastructure is quietly but decisively pulling Sonipat into the NCR mainstream. The UER-II stretching from IGI Airport to Alipur with a dedicated spur to Sonipat is slated for completion by June 2025, and will stitch the city directly into Delhi's expressway circuit. Already in place is the Western Peripheral Expressway (KMP), giving Sonipat a smooth link to Palwal and other industrial zones. Meanwhile, the Eastern Peripheral Expressway (EPE) begins at Kundli and now extends via a fresh 11-km spur to the Yamuna Expressway. Together, these corridors form a strategic expressway web, connecting Sonipat effortlessly to Noida, Gurugram, Faridabad, IGI Airport, and even Jewar. Hence, the connectivity repositions Sonipat from a quiet neighbour to a central player in NCR's growth map. Next-Gen Connectivity: Metro, RRTS, and Freight Corridors Sonipat is stepping into a new era of connectivity, driven by transformative rail, metro, and freight infrastructure. On March 25, 2025, the Ministry of Housing and Urban Affairs gave in-principle approval for the much-anticipated extension of Delhi Metro's Yellow Line from Samaypur Badli to Nathupur in Sonipat. In response, DMRC initiated the Detailed Project Report (DPR), examining the technical and financial roadmap. Part of Delhi Metro's Phase IV, the 26.5 km stretch will add 21 stations and is expected to serve around 50,000 daily commuters, cutting travel times, decongesting roads, and connecting key residential, industrial, and commercial zones. With Haryana committing 80% of the funding and the Centre covering the rest, the project is moving through crucial stages like land acquisition and topographical surveys. Gurpal Singh Chawla, Managing Director, TREVOC Group, says, "Peripheral areas of NCR have gone beyond the label of satellite towns. Tier 2 cities of Haryana, like Sohna, Sonipat, Panipat, Kundli, Karnal, and more, are becoming the talk of the town in terms of the growth they project. While Sohna is becoming a key node on the Delhi-Mumbai Industrial Corridor, propelled by the Gurugram-Sohna Elevated Road and the proposed metro extension, Sonipat is preparing for a game-changing metro link to Delhi and direct access via the UER-II. Meanwhile, Panipat is on the cusp of transformation with the Delhi-Panipat RRTS slashing travel time significantly. These aren't isolated upgrades; they're stitching together a new growth arc that's giving the region a new face where people can live, work, and invest across NCR." Meanwhile, on the regional transport front, the Delhi-Sonipat-Panipat RRTS corridor promises to slash travel time to under an hour, offering fast, reliable intercity movement. Sonipat also finds itself strategically placed on the Dedicated Freight Corridor and within the Delhi-Mumbai Industrial Corridor's Phase II-A under the KSIR zone, aligning the city with India's national logistics backbone via the KMP and NH-44. Together, these projects don't just improve access; they position Sonipat as a vital, future-ready hub at the intersection of mobility and growth. Sonipat Master Plan 2031 Sonipat's growth is being carefully mapped out through the Sonipat Master Plan 2031 that charts the city's evolution across 20,220 hectares, divided into 92 well-planned sectors. Of this, 7,092 hectares are earmarked for residential use, 4,940 hectares for industrial development, and 606 hectares for commercial zones, striking a balance between liveability and economic activity. Wide 65-metre roads, upcoming transit hubs, green belts, and eco-buffer zones reflect a modern approach to city-making, rooted in sustainability. Much like Noida or Navi Mumbai in their formative years, Sonipat is embracing greenfield urbanism, with infrastructure laid out ahead of demand. Honeyy Katiyal, Founder, Investors Clinic Infratech Pvt Ltd, says, "Beyond connectivity, Sonipat's growth also lies in its industrial surge. Driven by the Rs 18,000-crore Maruti Suzuki plant and the development push under the Delhi-Mumbai Industrial Corridor, the region is turning into an economic engine, introducing a structural growth in the city. When industries move in, jobs follow, and with that comes the sustained demand for housing, retail, and commercial infrastructure. Reputed developers like Godrej Properties, Hero Realty, Eldeco Group, and more have started their expansion into the Sonipat market. This demand positions the region as a self-sufficient growth centre, and those who invest now, we believe, could ride a long-term upward curve in both value and demand." Real Estate Growth: Land Prices, Demand & Developer Action Amidst the developments, Sonipat's real estate market is riding a wave of investor confidence, driven by infrastructure upgrades, industrial momentum, and rising end-user demand. As per data from 99 acres and MagicBricks, land prices in Kundli have surged by 190% between 2020 and 2025, with current rates hovering around Rs61,216 per sq yd. Projections suggest a potential 3x jump by 2030, making Sonipat one of the most promising emerging destinations in NCR. Mr. Akshay Taneja, MD, TDI Infratech Ltd. says, "For homebuyers, connectivity is one of the prominent aspects when choosing where to live. Easy access to public transport saves time and adds everyday convenience -- and that's a huge value-add. Hence, metro line extensions have such a strong impact on real estate, especially in Kundli and the broader Sonipat region. With construction beginning on the metro line, Kundli is set for a major upswing, particularly among North Delhi residents looking for better value without compromising on access. Further, upcoming developments like the RRTS are changing the game for the region and promise to slash commute times to Gurgaon and Noida to under an hour. Moreover, the connectivity offered by the Delhi-Mumbai Industrial Corridor (DMIC) has turned Sonipat into a growth hub. Therefore, as demand rises, so do property values. TDI City Kundli, with its 1,100-acre expanse, stands to benefit significantly as residential demand surges. Hence, we're expecting a strong wave of interest as people look to lock in homes ahead of the price escalation." The Decade of Sonipat (2020-2030) In 2020, Sonipat was still under the radar, offering affordable land and untapped potential. From 2023-25, it has rapidly evolved; metro and RRTS projects are in motion, expressways are becoming operational, and industrial giants like Maruti Suzuki have made their bets. By 2030, as per Colliers, land values are projected to triple, marking Sonipat's arrival as a fully integrated urban hub. Thus, with infrastructure, industry, and investment aligning, the incoming growth belongs to Sonipat.
Fashion Value Chain
4 days ago
- Business
- Fashion Value Chain
Beyond the Borders: How Sonipat's Metro and Mega-Projects Are Redefining NCR Real Estate
Long seen as an industrial backyard of Delhi, Sonipat is rewriting its identity as one of the promising real estate frontiers in NCR. Located just 20 km from the capital, this Haryana town is now riding a powerful wave of infrastructure-driven growth. With expressways, metro extensions, and industrial mega-projects converging, Sonipat today echoes the early transformation stories of Gurugram and the more recent boom along the Dwarka Expressway. Strategic location, affordability, and a forward-looking master plan are together turning Sonipat from a peripheral player into a key growth engine in NCR's real estate landscape. How Sonipat's Metro and Mega-Projects Are Redefining NCR Real Estate The Expressway Web Connecting Sonipat to NCR & Beyond A layer of infrastructure is quietly but decisively pulling Sonipat into the NCR mainstream. The UER-II stretching from IGI Airport to Alipur with a dedicated spur to Sonipat is slated for completion by June 2025, and will stitch the city directly into Delhi's expressway circuit. Already in place is the Western Peripheral Expressway (KMP), giving Sonipat a smooth link to Palwal and other industrial zones. Meanwhile, the Eastern Peripheral Expressway (EPE) begins at Kundli and now extends via a fresh 11-km spur to the Yamuna Expressway. Together, these corridors form a strategic expressway web, connecting Sonipat effortlessly to Noida, Gurugram, Faridabad, IGI Airport, and even Jewar. Hence, the connectivity repositions Sonipat from a quiet neighbour to a central player in NCR's growth map. Next-Gen Connectivity: Metro, RRTS, and Freight Corridors Sonipat is stepping into a new era of connectivity, driven by transformative rail, metro, and freight infrastructure. On March 25, 2025, the Ministry of Housing and Urban Affairs gave in-principle approval for the much-anticipated extension of Delhi Metro's Yellow Line from Samaypur Badli to Nathupur in Sonipat. In response, DMRC initiated the Detailed Project Report (DPR), examining the technical and financial roadmap. Part of Delhi Metro's Phase IV, the 26.5 km stretch will add 21 stations and is expected to serve around 50,000 daily commuters, cutting travel times, decongesting roads, and connecting key residential, industrial, and commercial zones. With Haryana committing 80% of the funding and the Centre covering the rest, the project is moving through crucial stages like land acquisition and topographical surveys. Gurpal Singh Chawla, Managing Director, TREVOC Group, says, 'Peripheral areas of NCR have gone beyond the label of satellite towns. Tier 2 cities of Haryana, like Sohna, Sonipat, Panipat, Kundli, Karnal, and more, are becoming the talk of the town in terms of the growth they project. While Sohna is becoming a key node on the Delhi-Mumbai Industrial Corridor, propelled by the Gurugram-Sohna Elevated Road and the proposed metro extension, Sonipat is preparing for a game-changing metro link to Delhi and direct access via the UER-II. Meanwhile, Panipat is on the cusp of transformation with the Delhi-Panipat RRTS slashing travel time significantly. These aren't isolated upgrades; they're stitching together a new growth arc that's giving the region a new face where people can live, work, and invest across NCR.' Meanwhile, on the regional transport front, the Delhi-Sonipat-Panipat RRTS corridor promises to slash travel time to under an hour, offering fast, reliable intercity movement. Sonipat also finds itself strategically placed on the Dedicated Freight Corridor and within the Delhi-Mumbai Industrial Corridor's Phase II-A under the KSIR zone, aligning the city with India's national logistics backbone via the KMP and NH-44. Together, these projects don't just improve access; they position Sonipat as a vital, future-ready hub at the intersection of mobility and growth. Sonipat Master Plan 2031 Sonipat's growth is being carefully mapped out through the Sonipat Master Plan 2031 that charts the city's evolution across 20,220 hectares, divided into 92 well-planned sectors. Of this, 7,092 hectares are earmarked for residential use, 4,940 hectares for industrial development, and 606 hectares for commercial zones, striking a balance between liveability and economic activity. Wide 65-metre roads, upcoming transit hubs, green belts, and eco-buffer zones reflect a modern approach to city-making, rooted in sustainability. Much like Noida or Navi Mumbai in their formative years, Sonipat is embracing greenfield urbanism, with infrastructure laid out ahead of demand. Honeyy Katiyal, Founder, Investors Clinic Infratech Pvt Ltd, says, 'Beyond connectivity, Sonipat's growth also lies in its industrial surge. Driven by the Rs 18,000-crore Maruti Suzuki plant and the development push under the Delhi-Mumbai Industrial Corridor, the region is turning into an economic engine, introducing a structural growth in the city. When industries move in, jobs follow, and with that comes the sustained demand for housing, retail, and commercial infrastructure. Reputed developers like Godrej Properties, Hero Realty, Eldeco Group, and more have started their expansion into the Sonipat market. This demand positions the region as a self-sufficient growth centre, and those who invest now, we believe, could ride a long-term upward curve in both value and demand.' Real Estate Growth: Land Prices, Demand & Developer Action Amidst the developments, Sonipat's real estate market is riding a wave of investor confidence, driven by infrastructure upgrades, industrial momentum, and rising end-user demand. As per data from 99 acres and MagicBricks, land prices in Kundli have surged by 190% between 2020 and 2025, with current rates hovering around â¹61,216 per sq yd. Projections suggest a potential 3x jump by 2030, making Sonipat one of the most promising emerging destinations in NCR. Mr. Akshay Taneja, MD, TDI Infratech Ltd. says, 'For homebuyers, connectivity is one of the prominent aspects when choosing where to live. Easy access to public transport saves time and adds everyday convenience – and that's a huge value-add. Hence, metro line extensions have such a strong impact on real estate, especially in Kundli and the broader Sonipat region. With construction beginning on the metro line, Kundli is set for a major upswing, particularly among North Delhi residents looking for better value without compromising on access. Further, upcoming developments like the RRTS are changing the game for the region and promise to slash commute times to Gurgaon and Noida to under an hour. Moreover, the connectivity offered by the Delhi-Mumbai Industrial Corridor (DMIC) has turned Sonipat into a growth hub. Therefore, as demand rises, so do property values. TDI City Kundli, with its 1,100-acre expanse, stands to benefit significantly as residential demand surges. Hence, we're expecting a strong wave of interest as people look to lock in homes ahead of the price escalation.' The Decade of Sonipat (2020-2030) In 2020, Sonipat was still under the radar, offering affordable land and untapped potential. From 2023-25, it has rapidly evolved; metro and RRTS projects are in motion, expressways are becoming operational, and industrial giants like Maruti Suzuki have made their bets. By 2030, as per Colliers, land values are projected to triple, marking Sonipat's arrival as a fully integrated urban hub. Thus, with infrastructure, industry, and investment aligning, the incoming growth belongs to Sonipat.
CNET
6 days ago
- Business
- CNET
Don't Lose Your Social Security Benefits: These Mistakes Will Cost You
Keep your Social Security benefits intact by avoiding the scenarios that put them in jeopardy. Getty Images/Viva Tung/CNET More than 70 million Americans currently rely on Social Security benefits, and countless more expect to take advantage of the program when it's their time to retire. Knowing when the best time to start collecting benefits is important, but once you've applied and your monthly payments start being sent, not much should change, outside of the annual COLA increase, which is a good thing for you. Something you might be less familiar with is how you can actually lose your benefits if you're not careful. While people pay into the Social Security system most of their working lives, these benefits aren't guaranteed for life, and you could have them taken away in certain situations. In particular, there are four things that can get your benefits terminated or suspended. Below, we'll break down the ways you can lose your benefits and whether or not you can get them back afterward. For more, don't miss the Social Security and SSDI cheat sheet. Benefits will be reduced or stopped if you make too much money While you can still work and receive Social Security benefits, if you begin to make more than the annual income limit, your benefits may be reduced or paused completely in certain situations. The limits change depending on certain factors, like whether you're under or over the age of 62 -- the minimum retirement age. Below is an overview of the income limits imposed on specific benefits. Income limits for Supplemental Security Income Eligibility for SSI typically requires that you earn less than $1,971 per month from work. The limit is increased for couples, but if you exceed that limit, you may no longer be eligible for SSI. You should be notified of any benefit reduction or whether you become ineligible due to reaching the income limit. Note: For every $2 you earn from work, $1 will be reduced from your SSI payment. Working includes any job you have. You're required to promptly report changes to your monthly income and living situation. Income limits for Social Security Disability Insurance SSDI beneficiaries have more to work with when it comes to making money from work. If you get a job while receiving SSDI, you'll be able to retain your benefits for up to nine months, which the Social Security Administration calls a "work trial period." For 2024, any month you bring in over $1,110 in gross wages will count toward this nine-month trial period. Note that months don't have to be consecutive, either, but within a rolling five-year period. During these nine months, there's no limit on how much you can earn while retaining your benefits. After your work trial period, you'll enter into a 36-month "extended period of eligibility." During this time, if you exceed the EPE earnings limit, you won't qualify for your SSDI payment for that month. In 2024, the EPE limit is $1,550 per month or $2,590 for disability due to blindness. If you continue to earn over the limit after your EPE is up, your SSDI payments will cease completely, but if you can't continue to work, you can restart your benefits. Resource limits could also impact your Social Security In addition to an income limit, to be eligible for SSI, you need to fall under what the administration calls a "resource limit." Resources that do count toward the limit include cash, bank accounts, stocks, mutual funds, US savings bonds, land, life insurance, personal property, vehicles and anything else you own that could be changed to cash and used for food or shelter, the administration said. Resources that do not count include the home you live in and the land it is on, one vehicle (if you or a member of your household use it for transportation), household goods and personal effects and life insurance policies with a combined face value of $1,500 or less. To be eligible, the SSI resource limit is $2,000 for an individual and $3,000 for a couple. If you exceed that limit, you need to spend down your resources to be eligible. According to a recent study by the Center on Budget and Policy Priorities, 70,000 beneficiaries on average lose their benefits each year because they exceed the limit. Congress has proposed legislation that would, for example, raise the limit to $10,000 for individuals and $20,000 for married couples but so far, changes have not been signed into law. Divorce will change your Social Security status Your marital status can and will affect your Social Security benefits, and that includes getting a divorce. A few things would prevent you from collecting your ex-spouse's benefits: You weren't married for 10 years or more. If you remarry, you won't be able to get benefits from your previous marriage. This can change if your current marriage ends through divorce, annulment or the death of your partner. You qualify for benefits and the amount you receive would be more than your ex-spouse's. You can lose Social Security if you're arrested or sentenced to prison If you go to jail or prison, your Social Security benefits can be affected. If you're incarcerated for more than 30 days, the administration may suspend your Social Security and SSI benefits. Social Security and Social Security Disability Insurance while incarcerated If your benefits are suspended, you can request to have them restored for the following month after you're released from jail or prison. Something to note is that even if your benefits are suspended while incarcerated, your spouse or children will continue to receive them as long as they remain eligible. Supplemental Security Income While incarcerated, your SSI benefits will be suspended, but payments will resume when you're released, and you won't have to wait until the following month. Your payment amount will be determined by your release date and would only be a partial payment. If you're in jail or prison for over 12 consecutive months, the administration will terminate your SSI benefits. When you're released, you will need to reach out to the Social Security Administration and start a new application. For more, here's the Supplemental Security Income and Social Security Disability Insurance payment schedules.
Business Recorder
7 days ago
- Politics
- Business Recorder
NA body briefed about NTS, PEC issues
ISLAMABAD: The 9th meeting of the Standing Committee on Science and Technology was held Tuesday at the Parliament House, under the chairmanship of Khawaja Sheraz Mehmood, MNA. The meeting agenda included briefing on the National Testing Service (NTS) and the Pakistan Engineering Council (PEC). During the briefing on NTS, the committee has directed the Ministry of Science and Technology to fully resolve the matter concerning the NTS. It has also recommended involving the Ministry of Law to ensure a comprehensive and formal resolution of the issue. The ministry was instructed to take prompt and decisive action, ensuring all steps taken are in complete compliance with the relevant statutory requirements. Members of the committee reaffirmed their commitment to the principles of transparency, accountability, and the rule of law. They stressed that the collaboration between the NTS and the Ministry of Law must result in a coherent and sustainable solution that upholds public confidence in institutional processes. In the second agenda item, PEC presented a detailed briefing on its ongoing initiatives and strategic direction. PEC continues to play a pivotal role in advancing Pakistan's engineering sector by adhering to international accreditation standards and fostering lifelong learning among professionals. The Council has successfully implemented an internationally benchmarked Outcome-Based Education (OBE) and Accreditation System, ensuring that engineering programs across the country meet global quality standards and produce competent, industry-ready professionals. To support continuous learning, PEC is actively promoting Continuing Professional Development (CPD) in collaboration with various Professional Engineering Bodies (PEBs). These CPD activities are designed to enhance technical and soft skills, enabling engineers to remain competitive in a rapidly evolving global environment. Furthermore, PEC conducts the Engineering Practice Examination (EPE) nationwide, granting successful candidates the esteemed title of 'Professional Engineer', which enhances their credibility and employability within the engineering sector. To bridge the gap between academia and industry, PEC has introduced a six-month structured training program for fresh graduates. This initiative equips young engineers with practical exposure, technical competencies, and essential soft skills, preparing them for real-world challenges. PEC reiterated its commitment to developing a highly skilled and resilient engineering workforce, essential for sustainable development and technological innovation across Pakistan. The meeting was attended by MNAs, Shahnaz Saleem Malik (On Zoom), Seema Mohiuddin Jamili, Irfan Ali Leghari, Ramesh Lal, Mahtab Akbar Rashdi (On Zoom), Khurram Shahzad Virk (On Zoom), Mian Ghous Muhammad, Muhammad Moazzam Ali Khan ,Minister for Science and Technology Khalid Hussain Magsi along with senior officers from the Ministry of Science and Technology. Copyright Business Recorder, 2025
Business Standard
22-05-2025
- Business
- Business Standard
RenewSys Accelerates Encapsulant Expansion to 30 GW
RenewSys Encapsulant Manufacturing line in Bengaluru NewsVoir Mumbai (Maharashtra) [India], May 22: In a major move to strengthen its manufacturing capabilities, RenewSys, India's first integrated manufacturer of solar PV modules and their key components, has announced the addition of eight new encapsulant manufacturing lines at its recently commissioned Khopoli facility. This capacity expansion is aimed at addressing the rapidly increasing demand for high-performance encapsulants in the Indian and global solar markets, with seven encapsulant lines already operational and four more being commissioned during 2025. In total, the company will soon run 19 fully operational, technologically advanced production lines, across its facilities. This growth aligns with RenewSys' strategic objective of achieving a cumulative installed manufacturing capacity of 30 GW and further enhances its top ranking amongst the Indian Encapsulant manufacturers. "Our focus remains on consolidating our leadership in the solar PV ecosystem with cutting-edge solutions like Transparent Backsheets and Anti-Acid Encapsulants, along with our well established EVA, POE and EPE products." said Avinash Hiranandani, Vice Chairman and Managing Director, RenewSys. "We are investing in advanced technologies, optimizing costs, and scaling sustainably to meet both domestic and international demand." RenewSys is already a market leader in Encapsulants and Backsheets, with an encapsulant manufacturing capacity of 9 GW. The new Khopoli lines represent the company's commitment to manufacturing excellence, R & D-led product innovation, and supporting India's renewable energy mission. RenewSys is India's first integrated manufacturer of Solar PV Modules (5.5 GW*) and key components - Encapsulants (9 GW), Backsheets (4 GW) - with a 2.5 GW high-efficiency cell line under installation. Headquartered in Mumbai, RenewSys is the Renewable Energy arm of the ENPEE Group, an international conglomerate established in 1961 with a legacy of manufacturing excellence.
