Faridabad is fast-becoming a worthy competitor in the economic and industrial market in India. This city, the largest in Haryana, is bound by a number of key locations such as Delhi, Noida, and Gurgaon. Its geographical and infrastructural edge has, in recent times, brought a substantial change in the real estate sector of NCR.The strong industrial growth has enabled Faridabad to emerge as a realty hotspot in NCR. The emergence of the service sector, particularly, has contributed to the development of several residential and commercial complexes in the city. Real estate developers such as BPTP, Eros Group, Omaxe, SRS Group etc. have played a major role in changing the façade of Faridabad.
Various infrastructural developments happening in the city have made Faridabad a booming economic warehouse. The fast industrial growth and infrastructural development in the city has led to vast growth opportunities for real estate sector. The workforce of industries located in and around the city drives in major demand for residential projects in Faridabad.Faridabad is in proximity to Delhi, as well as Gurgaon. Adding to this, many other projects and property for sale in Faridabad for the improvement of its connectivity are also coming up. This is another important aspect which attracts end users, investors and corporates to choose Faridabad real estate.
Many areas around Faridabad can be easily accessed through the NH-2. Also the proposed expressway that links Palwal, Manesar, Kundli, Faridabad, Noida and Ghaziabad will provide interconnectivity among various satellite towns. The Delhi Metro Rail Corporation is extending the metro rail service to the city as well. The proposed Metro rail-link and modernization of Mathura Road will further add to the prospects of this town.
Residential propertiesand flats for sale in Faridabad are affordable compared to cities of National Capital Region (NCR) such as Noida, Greater Noida and Gurgaon. Growing infrastructure, improving connectivity and industrial growth have been driving the demand for properties in Faridabad. In the last ten years, both commercial and residential real estate of Faridabad have been flourishing. Demand is growing mainly in the luxury realty segment.Even though the city offers certain geographical advantages and good connectivity, the property for sale in Faridabad have been priced low. But nowadays, the situation is likely to change with the entry of private players. The proposed Metro and other infrastructure projects are believed to enhance the prospects of Faridabad further. The Haryana government is investing crores of rupees over ‘cluster development planning’ in the city. The recently approved Faridabad Master Plan, 2031, will play a key role in bridging the demand-supply gap.
Leading real estate developers such as BPTP, Ansal Group, TDI, Omaxe, Era Landmarks,and many others are developing many mega projects in this region. BPTP Parklands Pride Sector-77, BPTP Elite Floor Sector-76, BPTP Park Grandeura in Sector-82, Princess Park Sector-86, etc are some of the important residential projects in Faridabad.
Conclusion
Real Estate Faridabad is touching a new height. If you are planning to invest in the Faridabad property market, it’s never too late. Faridabad is fast becoming a favorable destination for buyers and investors as property developers are coming up with exciting new residential and commercial projects.
