Haryana has fast developed into a real estate center with
fast developing cities like Gurgaon, Faridabad, etc. Faridabad is the new real
estate hotspot for the state turning out to be an area of interest. A part of
the National Capital Region (NCR), it is located close to Tughlakabad, Badarpur,
Sangam Vihar and Asola. Faridabad was initially developed as an industrial
town, as a number of industries were established in the city.
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Faridabad is well connected to the major part of NCR and
hence is a sought after real estate destination. It is easily accessible
through its road network, and has a number of recreational and commercial
outlets. The real estate market in Faridabad has been slow over the past years
owing to its poor infrastructure. But, the scenario is soon to change with the
new infrastructure plans to connect the city. The Faridabad-Gurgaon Expressway
is already underway, and there are plans for the six lane Mathura Road.
Plans are also ripe to expand the metro rail to Faridabad
while the foundation for the Faridabad-Noida-Ghaziabad expressway has also been
laid and is underway to connect it to Noida. These developments have increased
the demand of residential properties in
Faridabad. The city offers projects of all range, from ready to move in, to
resale, and new launches. Options are available at different stages from which
one can choose to suit their budget and requirement.
Omaxe, Mahindra, Eros
and Ansals are some well know real estate companies present in the city.
They have projects with 2/3/4 BHK apartments located in some upcoming areas. Prices
vary between Rs 3299 to Rs 5277 per square feet. Some of the well known areas
to buy residential property in Faridabad
are:
·
Sector 86
·
Sector 76
·
Sector 82
·
Greenfields
·
Surajkund Road
With
the development of the IT Park, the city is set to see a boom in the market, as
this will create many job opportunities in the city. The Confederation of Real
Estate Developers’ Associations of India (CREDAI) has asked for many
developments in Faridabad, which if developed are sure to create a boom in the
real estate market.