Land and Plots for Sale in Faridabad Promising Future Growth

Faridabad, the largest city in the prominent north Indian state of Haryana happens to be a real estate domain with promising future. Apart from being the leading industrial centre, Faridabad now houses plenty of residential complexes and properties of various styles. There are extensive plots in Faridabad that are now being sold at high rates and used for the development of massive residential complexes.

Image Courtesy: Net

Why Faridabad Witnesses Real Estate Sector Picking Up?

The location of Faridabad makes it an important place with its proximity to Delhi and affordability compared to the main city. Strategically situated between Delhi, Noida, Gurgaon and Greater Noida, Faridabad has Delhi to its North, Greater Noida to its East, Noida to its North East, and Gurgaon to its West. Thousands of people are buying residential properties in this city to avail the benefits of all these prime cities situated around. It is easily accessible via National Highway 2.

Development at the plots in Faridabad – The city has some of the most beautiful residential and industrial constructions made. The vacant plots are eventually being developed as self-sustained sub-city. The wide roads, massive buildings, educational institutions, malls, commercial and health centres are being constructed at these plots.

Price of these plots in Faridabad varies according to the area and location. Some of the recent plots available for sale in Faridabad are as below –

1) Malik properties are selling their 485 sq. yd. land at Huda location at price Rs. 80 lacs. It’s located near the Mathura by pass road. It is a freehold property under Haryana Urban development authority.

2)  Vohra Real Estate Agency is selling 160 Sq. Yard plot in Faridabad at Rs. 60 lacs. This residential land is located close to the market and has good connectivity to nearby prime locations.

3) On Mathura Road, Volcanic Tech Private Limited is selling 50 Sq. Yard land at the rate of Rs.6000 per sq. yd. From Green city Sikiri, this plot for sale is just 5 minutes’ drive from National Highway 2.

4) Harsh Properties is selling off a residential plot at 75 Lac in Nehar Par. The area covered is 300 Sq. Yards and is named as BPTP Plots.

There are many more plots for sale in Faridabad, all you need to check before purchase is the location and facilities available as the prices quoted now stand reasonable according to the real estate graph. 

Faridabad Still a Good Real Estate Investment Option in NCR

Looking to buy 2, 3 or 4 BHK flats in Faridabad, then this is the best time to invest. Haryana’s largest city and one of the rapidly developing satellite cities in Delhi’s NCR, Faridabad has been doing extremely well in the property market due to its geographical location. With the city boasting of first-rate connectivity with Gurgaon, South Delhi and even Greater Noida, Faridabad has become a very good option for residential investment for people working in the NCR.

Image Courtesy: Net

Faridabad has shown rapid development in the last few years resulting in many construction firms and builders to commence their projects here. The prime reasons for Faridabad gaining popularity is its affordability, infrastructural developments and good connectivity via roads / rails. It’s no wonder why end-users are showing keen interest in buying flats in Faridabad.

Another reason that has kept Faridabad in hot-spot in India’s real estate market is the unswerving appreciation it has shown despite a slow market. In the face of the market showing signs of sluggishness, Faridabad has been relatively consistent in terms of ROI and has been showing around 6% -10% appreciation over the last few years. With Faridabad realty market being driven primarily by end-buyers (than investors) and residential projects being more mid-grade and spacious, it is easier to find 4 BHK flats for sale in Faridabad.

Though Faridabad in its entirety is showing development, some regions are more sought-after places for residential investments. These are either due to brisk physical and social infrastructural improvements or because of location benefit and connectivity. Posh locality like Green Valley, industrial area like Surajkund, Nehrapur, New Industrial Town (NIT) and developing area like Dayal Basti are all making into the list of best places for residential and commercial investments in Faridabad. As an investor or end-buyer if you intend to make an investment that will give you fruits in the future, than Faridabad is the right place.

Despite Faridabad having a lot of prospective and several factors favoring it, some issues regarding infrastructure and inadequate public transport still needs to be sorted. However, regardless of all these insufficiencies, Faridabad’s realty market still holds a lot of prospect due to its location, the number of infrastructural developments being undertaken and the presence of IT, which makes Faridabad a good place to settle down.