Faridabad has made rapid progress in recent years and is well on its way towards becoming one of the most prominent real estate destinations in NCR. Proximity to Delhi, Gurgaon, Noida, and Greater Noida as well as the presence of multi-national companies manufacturing hubs, economic zones, and industrial corridors have transformed this satellite town into a major realty hub. Let’s take a sneak peek into the factors that have spiced up the realty market in Faridabad.
Strategic Location:
Surrounded by Delhi, Gurgaon, Noida and Greater Noida, Faridabad can be easily reached from any of the key locations in Delhi/NCR. You can easily reach Gurgaon from Faridabad using Gurgaon-Faridabad Highway in just about 30 minutes. The bypass, on the other hand, can take you to sector 37 in Noida effortlessly. South Delhi is about 8 km from Faridabad while Central Delhi is just about 15 km away. Soon to come Eastern Expressway is further expected to bolster the connection between Faridabad, Delhi, Ghaziabad, Greater Noida and Sonipat. The proposed metro connectivity between Faridabad and Gurgaon would also strengthen the connectivity in the area making it very easy and convenient to travel from one place to other.
Amenities Galore:
Modern Faridabad offers a slew of amenities that would make for comfortable and relaxed living. Prominent education and health-care centres, malls, multiplexes, restaurants, market place etc. have established Faridabad as an up-and-coming modern city with all the amenities required for pleasurable and enjoyable living. The city also enjoys the presence of numerous domestic and global brands that have given a boost to employment and investment in the area. Moreover, the iconic World Street, a commercial-cum retail centre, presents a wonderful investment opportunity in commercial space in Faridabad. Whether you are a small investor, a trader, a manufacturer, or a big brand, your search for exclusive commercial space in Faridabad ends with the glorious World Street. Also, the coming up of global brands like the World Trade Centre and DMart has further rocketed the commercial value of Faridabad to greater heights.
Affordable Housing:
This is perhaps the biggest advantage that Faridabad offers. The difference in the capital values of properties vis-a-vis Gurgaon (45%-50%) and Noida (30%-40%) is too striking to miss out. It indeed would be difficult to get such pricing in any other NCR region. Think of it you can actually buy a 2 BHK flat in Faridabad for just about Rs 40 lacs. In today’s times, the rates of residential property in Faridabad fall between Rs 3,000-8,000 per sq. ft. Though Surajkundand Bhadkal Road command greater prices owing to their proximity to South Delhi and the presence of superior social structure. There has also been a fourfold rise in property prices in Faridabad in the last decade but it pales into insignificance when pitted against other prominent NCR locations. The rental value of the property has also spiked up yet they are just about half of those in Gurgaon.
Infrastructural Superiority:
Faridabad is all set to see a maze of infrastructural development which is bound to enhance its reputation as a leading real estate destination in the country. The effort is on to transform Faridabad into a cleaner and greener city by introducing smarter ways of living by promoting eco-friendly mobility, recreating open green spaces and cutting down on traffic bottlenecks. Laced with all the amenities required for comfortable living, Faridabad is well on its way towards becoming a connected, accessible and safe city powered by smart, sustainable and modern infrastructure.
If you want to own a house or a commercial unit in Faridabad then all you need to do is to connect with Omaxe Ltd., a leading real estate developer in the country that has a number of residential and commercial projects in Faridabad. A simple call will get you going!