Faridabad, the industrial city of the National Capital Region (NCR) is the largest urban agglomerate in Haryana.
Faridabad is now emerging as a preferred destination for real estate investment after Gurgaon and Noida in Haryana. Faridabad enjoys similar geographical and infrastructural benefits; there is a wider scope for Faridabad to prosper as the next happening destination of the NCR. The city has a good connectivity to the national capital Delhi, which is the most promising factor for the city’s development. Faridabad is located just 25 km from Delhi and very near to NCR Greater Noida and Gurgaon. And this the best reason to attract investors like the corporate houses, developers to choose Faridabad as the potential booming real estate sector.
Faridabad is fully comprised with all basic and modern amenities and facilities such as education, entertainment, sports, shopping malls, hospitals and restaurants.
In last few years, the city has seen a tremendous growth in developments of in its infrastructure as well as property value. Faridabad is tasting boom in both residential and commercial segment.
Everyday a number of residential and commercial projects are being started. Faridabad, also know as the industrial township, is witnessing steep escalation in the property and real estate market in India. A few years a back, the city was ignored by real estate developers, but in recent times, it has been become a hotspot for real estate investments. There are several reasons to make the city demandable are reports of extending the Metro Train to Faridabad and a flyover construction at Badarpur border. The connection between Western Peripheral Expressway to Palwal, Manesar and Sonepat has added fuel in the city’s real estate demand.
The builders are also very witting to maintain the demands. Faridabad has less property prices compare to Greater Noida and Gurgaon and this factor is also help to growth of property demand of the city.
Faridabad in the recent past has seen a lot of growth and development in its infrastructure as well as property value. Being an industrial city it has reaped the prospects of it economic growth
This market will mature faster than Gurgaon or Noida and the land prices will reach the same as that of Gurgaon and Noida in another two years’ time.