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Haryana is often portrayed as a model industrial state due to the emergence of its new urban centres like Sonepat, Gurgaon, Faridabad and Panchkula. Rapid industrialisation and easier land acquisition has made this state a favourite investment destination, particularly for the real estate industry. Selling and buying properties here is not merely a transaction but has taken the form of an investment. Well-connected roads, high quality transportation modes and availability of basic amenities add value to the property market of Haryana with many new properties being developed to meet the demands of natives as well as migrants.Upcoming residential developments“Although the prominent residential markets of Haryana include Gurgaon, Faridabad, Sonepat and Panchkula; most of the real estate activity is being witnessed in Gurgaon and Faridabad,â€� notes Anshuman Magazine, Chairman & Managing Director, CBRE South Asia Pvt Ltd. Gurgaon leads the residential segment with around 80,000 units under development in different parts of the city. Prominent established locations include MG Road, Golf Course Road and DLF Phase II where average capital values are in the range of Rs 12,000 to 14,000 per sq ft. Sectors along the Dwarka Expressway and Pataudi Road have also witnessed a large amount of residential supply in the last few quarters, thereby emerging as a key residential destination. Average capital values in this area are in the range of Rs 3,500-4,500 per sq ft. In Faridabad, residential activity is mainly concentrated in the Agra Canal Region where around 40,000 dwelling units are under development at Ibiza Park by Krrish Group. Few of the other projects being developed in the state include:Pearl Heights: SRS Real Estate Ltd is developing this new age housing project in Faridabad, which offers 2 BHK flats starting from 1,290 sq ft.Garden City: This township project by DLF Ltd in Gurgaon is spread across a 1,000 acre plotted scheme and offers more than 3,100 apartments along with a 4 acre retail complex.Spire Woods Flexi ÑDz©ÌåÓý¹ÙÍøÊ×Ò³s: This luxury reside-ntial project at Sector 103 Gurgaon by Spire World Developer, offers 3/4 BHK residential apartments with ultra modern services such as sports, shopping and spiritual centres, restaurants, media rooms, yoga and meditation centers, etc.Upcoming commercial developmentsThe first few months of 2012 witnessed a slowdown in office space absorption, with occupiers focussing more on consolidation of their office portfolios. Rental and capital values have been relatively stable and are likely to remain so for the coming few months. “Gurgaon â€� the hub of commercial activity in Haryana â€� boasts of over 30 million sq ft of Grade A office stock, 80 per cent of which is concentrated mostly in the IT/ITES segment,â€� informs Magazine. “DLF Cyber City and MG Road are established markets where prevailing rental values are in the range of Rs 70-75 and Rs 100-110 per sq ft per month, respectively. Golf Course Road and Sohna Road are other prominent locations where large commercial buildings are being developed,â€� he affirms. Some of these include:Centra One: This is a high-tech business centre being developed by BPTP Ltd in Gurgaon. It is designed by the renowned Spanish architect Cervera & Pioz and is spread over 3.66 acre.Vipul Plaza: Being developed by Vipul Ltd in Faridabad, this upcoming mall offers commercial office spaces in sizes ranging from 400 sq ft. The project is likely to complete in April 2013.Puri 81 High Street: With its planning and attention to design, this project is positioned to take advantage of Faridabad’s upcoming development as a premium commercial centre. Spread over 4 acre, this project offers retail showrooms spread across three floors.