Faridabad a growing real estate market in NCR
Faridabad stands as one of the most opportunistic cities of the National Capital Region in terms of its real estate market. This boom in the housing sector of Faridabad can be owed to many upcoming government policies and increasing interest of renowned builders in the city. The days seem long gone when Faridabad suffered on account of poor infrastructure and bad connectivity. Though the development in the city is much slower than the kind of growth witnessed in in neighbouring NCR cities such as Gurugram and Noida, it is constantly gaining pace with growing time. With plenty of options to invest in properties and flats in Faridabad, it is becoming one of the nerve centres of the real estate market of the Delhi NCR region.
Image source: madhyam.com
Boost in the connectivity: The major setback faced by Faridabad was the lack of connectivity to other cities of the NCR. This was the main region why Faridabad was limited to a status of an industrial region. But the much-awaited Faridabad Noida Ghaziabad Expressway has paved way for the city’s much-awaited transport corridor. This has facilitated easier commutation route between the cities of NCR through the means of a common route. The herculean task of taking the hitherto long hour journey has been reduced to a maximum of half an hour. This has not only boosted the real estate sector but also laid the foundation of many affordable housing projects in Faridabad. The FNG expressway is a breather for thousands of people as it will not only reduce the traffic congestion but also turn Faridabad into a hotspot destination for affordable and desirable real estate.
Affordable living: With better-established connectivity between Faridabad and other nearby cities of the NCR, the properties and flats in Faridabad are making heads turn and are readily turning into a boon for people who have been eagerly looking for a housing opportunity in the region. The advent of Pradhan Mantri Awas Yojna with the motive of housing for all has laid the foundation for affording housing scheme. This is prompting builders to take interest in the region and come up with innovative residential schemes for people. Various flats and properties in Faridabad have been completed keeping the essential factor of affordability in mind and many other reputable projects are under construction. According to a recent market research, Faridabad has more than 2,000 property options alone in the price range of 25- 30 lakhs. Most of these properties are ready to move in and all others are new constructions. If you are looking for best locations for affordable properties in Faridabad, then Naharpar, Surajkund, Green Valley, Dayal Basti and New Industrial Town (NIT) are one of the most attractive and prime locations for a peaceful living neighbourhood.
Image source: Stephan’s blog
Great investment option: Faridabad also has a great potential for growth in the coming future as per real estate pros. Greater Faridabad that was once one of the not so popular regions of the NCR has now emerged as the front-runners in the NCR owing to lack of affordable living space in Delhi. Since the infrastructure of Faridabad is growing in a controlled way as compared to other cities of the NCR, it has a huge potential in the coming years. Nikhil Hawelia, managing director of the Hawelia Group says, “Greater Faridabad is a case study, on how affordable housing markets should be developed close to economic centres. Over time, upscale projects may come up in its vicinity. However, the basic character of Greater Faridabad will not change, as premium housing projects are there in the main city of Faridabad,”
image source as clicbrics.com
So, if you are planning to invest around Delhi NCR, Faridabad has much in store in terms of affordability and investment options to offer you. Various affordable flats and properties in Faridabad make it a stable market and a preferred choice among realtors. It not only has the potential to grow along with your dreams but also provide you with a safe and sound living experience in the city.
by Surya Prakash
Digital Marketing Manager at clicbrics
Real Estate enthusiast
Property Advisor and blogger
