Faridabad Emerging as a New Residential Hub

Haryana was the first to identify just as the industries, only a place to stay as a industry owner where you could have cheap and luxurious villa on large plots. The condition has changed in the past few years. Faridabad is yet another town that is fast gaining the reputation of being an integrated satellite city just off the national capital, Delhi Faridabad is a southeastern town in the state of Haryana founded in 1607 AD by Shaikh Farid, Faridabad is also called Industrial Capital city of Haryana In the last few years Faridabad NCR (NCR) due to better connectivity with other cities have also benefited. Approved by the Metro to Badarpur in Faridabad city has the speed to market. Faridabad is famous for Heena Production on agriculture sector while tractors, motorcycles, switch gears, refrigerators, shoes and tyres are other famous industrial products of the city. There are about 200 large & medium units & 15000 small-scale units. Faridabad alone is generating about 60% of the revenues of Haryana. Property Rates rose significantly in Faridabad, and today it has become industrial belt is emerging residential property market. Many prominent real estate companies such as BPTP, SRS, Omaxe, Piyush, RPS and Puri Construction are developing their project in Faridabad, and many other residential and commercial projects are underway.

Faridabad attractive residential destination in terms of customers, as it also emerged that the property rates have not increased too much. Faridabad is emerging as a Residential hub as it is developed and the property still getting cheaper. Faridabad's property for the growing market largely due to the infrastructure being told is correct. Linked to several projects in Faridabad, a consultant said the situation was different in Faridabad. In the eyes of people used to doubt its infrastructure before buying property in Faridabad. Now the doubt is over and condition has been change. The price of the property is accessible to people. So, in the development of the property market looks likely.


Nhar Par area remains the center of development currently. However, the development of this area is in early stage. Property prices have been climbing in the area. The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) Third Industrial Model Township (IMT) is developing 1,750 acres. Sector -79 has been declared commercial by Municipal Corporation of Faridabad. The commercial projects will be developed as store and shop with flat. In terms of pure residential Projects in Nhrpar mainly the apartments are being built. But there is no shortage of options such as villas, townships and plot as well. Nagrpar especially in the area, connectivity and power infrastructure is definitely a problem. Bus as soon the infrastructure problems will overcomes in this area other areas of the NCR region will not in any way.

Developers have great expectations from the proposed Metro and Badarpur fly over (which is ready). Currently 90 per cent of investors are thinking long-term gains. People will get high returns in the area at least three to four years.

There are many malls such as the Crown Plaza Mall, Lifestyle and good stores in the area so people are not worried for shopping area at least. There are small markets within the sector that are getting people’s everyday needs. Currently the rate is 22-23 rupees per square feet. In six months have seen at least 5 per cent increased.

The pace of development on residential, industrial and commercial fronts has been frenetic and Faridabad is today, a coveted real estate destination for buyers and developers alike as It boasts of all metro-like amenities and infrastructure like wide roads, schools, hospitals, modern housing complexes, state-of-the art commercial spaces, shopping centers, glitzy malls and complexes. Faridabad, therefore, is a location that is self-contained and provides the ideal amalgam of work, life and leisure.