Panipat
The real estate market along GT Road in Panipat exhibits a clear distinction between high-value commercial retail spaces and established residential zones. While shop owners see premium pricing, surrounding areas like Sector 36 have witnessed substantial appreciation, indicating a thriving investment environment. Rental demand remains consistent across key hubs such as Huda, Ansals Sushant City, and Sector 18, where rates have adjusted to current market conditions. This mix of commercial strength and residential growth provides a balanced outlook for those looking to enter the Panipat property market.
As of March 2026, the average asking price in Sector 36 is ₹12,400 per sq ft. This figure represents a significant appreciation of 68.8% compared to the previous period, signaling strong market demand and high investor interest in this specific neighbourhood.
The average asking price for shops in GT Road is ₹30,100 per sq ft as of March 2026. These rates have remained stable, showing 0% change compared to the previous period, which indicates a consistent and balanced market environment for commercial real estate in this area.
Rental rates in the neighbourhoods surrounding GT Road are currently consistent at ₹50 per sq ft as of March 2026, though they have experienced varying degrees of depreciation. Specifically, Huda has seen a depreciation of 6.25% compared to the previous period, while Ansals Sushant City has recorded a 14.29% depreciation. Additionally, Sector 18 has experienced a 11.76% depreciation over the same timeframe, reflecting a broader softening in rental demand across these specific micro-markets.
Investors should note that while rental rates in Huda and Ansals Sushant City are currently pegged at ₹50 per sq ft as of March 2026, the recent depreciation trends suggest a period of market correction. Huda's rental rates have depreciated by 6.25% and Ansals Sushant City by 14.29% compared to the previous period. This data is essential for landlords and investors to adjust their yield expectations and understand the current competitive landscape for rental properties in these locations.
