Why Faridabad Is The New Real Estate Location For Development In NCR
Tags: Faridabad, Real Estate News, Real Estate Agent, Real Estate Investments, Deal Acres

Top Places To Invest In Faridabad

Faridabad is quickly becoming a popular investment destination due to the high economic growth. The land shortage in Delhi is one of the main reasons for the NCR’s skyrocketing prices, which are driven by insatiable demand. Faridabad can be considered a panacea for such an issue. Geographically and infrastructurally, the industrial city offers more opportunities for real estate development. The city benefits from its closeness to Delhi, as well as Greater Noida and Gurgaon in the National Capital Region. End consumers, investors, and corporations are choosing Faridabad as a possible booming real estate location as a result of these considerations.

Reasons why Faridabad is emerging new Real Estate Location for development in NCR

Faridabad is the future real estate location for developement in the National Capital Region. Rapid commercial and residential growth has enhanced the city’s position, attracting both international and domestic investors. The need for commercial spaces such as grade-A offices, co-working offices, high-end shopping and business centres, warehouses, and other types of commercial spaces are increasing as a result of infrastructure, increased job prospects, and impending large-scale projects. According to reports, Faridabad saw a significant increase in real estate sales at the start of 2021, further strengthening market sentiments. There is a higher demand for planned developments in Faridabad as there are number of factors that are influencing the buyer preferences to live in Faridabad.

Furthermore, the arrival of multinational businesses such as the World Trade Center and DMart has boosted Faridabad’s economic importance to new heights. Residents in the area will undoubtedly benefit from multi-purpose stores, which will provide the most up-to-date conveniences and high-quality products at a reasonable price. The World Trade Center’s presence in the city is projected to increase the city’s investment possibilities due to its global network. In addition to malls and mart, a prominent commercial-cum-shopping centre in Faridabad, also attracts many investors and end-users. The lifestyle-rich integrated developments with a centre of upscale amenities inspired by the high-street shopping idea are being developed in the city and attracting the young generations to buy their home and land here. Omaxe World Street is credited for giving Faridabad’s real estate industry a new lease on life, as footfall at this popular shopping attraction increased, giving real estate development in the city a boost.

Also, Faridabad has the unique feature of being the only city in the National Capital Region (NCR) through which India’s longest expressway, the Delhi-Mumbai Expressway, travels. This, as well as other infrastructural improvements aimed at improving connection to Delhi, Gurgaon, Noida/Greater Noida, and the Delhi & Noida International Airports, has drawn the attention of home buyers and investors and made Faridabad as new real estate location for development in NCR. Combined with the city’s low cost of living, has opened up new opportunities for residential and commercial real estate. The state government is also focusing on an integrated infrastructural and urban amenity-led development to provide new-age living, working, and entertainment facilities to the residents of Faridabad.

Faridabad provides a diverse range of services, amenities, as well as affordability and sustainability, homeowners — primarily corporate executives, millennials, and first-time buyers — are flocking to the region in search of a secure future. The residential market in Delhi-NCR showed promising results, which is good news for Faridabad’s housing market. Because if current trends continue to favour real estate development in the Faridabad, the city will soon become the NCR region’s next destination for real estate boom.

Top Places To Invest In Faridabad

Some areas that are more popular for Real estate Development

Nehrapar –

Nehrapur area is the new infrastructure development areain faridabad. It is emerging as another Noida or Gurgaon because of the Kundli-Manesar-Palwal Expressway that will connect Neharpur with Delhi and Gurgaon. The area falling under Nehrapur is divided into different sectors including Sectors 75, 76, 81, 82, 85 adjoining Neharpar and near posh Sectors 14 and 15.

Green Valley –

Green valley is a posh locality of Faridabad with all basic amenities and facilities. It is very well-connected to South Delhi and is located walking distance from Mathura Road, M.G. Road, the metro station, Crown Mall and Big Bazaar.

Surajkund –

Surajkund is predominantly features inexpensive flats and an undeniable geographical advantage. Surajkund’s real estate is on the rise as a result of its proximity to south Delhi. The Gurgaon-Faridabad and Mehrauli-Badarpur roads provide easy access to this town. Surajkund is also close to some good hospitals, shopping centres, and lovely hotels. The Asola Bhatti Wild Life Sanctuary and Sun Temple are both popular attractions in this area..

NIT –

The new area that is gaining popularity in Faridabad real estate is NIT, or New Industrial due to its proximity to Ballabgarh, Old Faridabad, Delhi and Gurgaon.

So these are some of the places to go if you’re looking for a low-cost property close to the NCR and Delhi. These are not the only areas in Faridabad having infrastructural developments, there are many others also.

If You Want To Know More about which is the best places to invest in Faridabad READ: