Tuesday 2 February 2016

Why should you invest in Faridabad

Faridabad is the largest city in the state of Haryana and is well-known as an industrial hub. It is surrounded by Uttar Pradesh to its west and east, Gurgaon to its west and Delhi to its north. The city enjoys its location geographically and politically since it is a part of the National Capital Region.
Currently, Faridabad is witnessing a huge change in its skyline in terms of the real estate development. There are a decent number of residential and commercial projects that have cropped up and revived the interest of the buyers in the area. The prime factor that supports the booming property in Faridabad is the increasing demand of affordable homes and shortage of land in Delhi. There are numerous industries and international companies that are entering into the city due to its proximity to Gurgaon, Delhi and Noida. Also, the metro rails and urbanization of the Mathura Road adds to the scenarios of Faridabad.
Faridabad is witnessing development as compared to other cities in India. The government is also putting the best of their efforts to improve the infrastructure of the city as they are constructing many flyovers that will improve the connectivity.
Also, the upcoming KPM Expressway will connect Faridabad to Gurgaon, Delhi, and Sonepat easily and the KGP Expressway will connect the city to Ghaziabad, Noida and East Delhi. The upcoming metro rails will make commuting to the city easy which is currently upto Badarpur. The infrastructure of the city is also improving as there are many reputed schools and institutes that are coming in Faridabad. Improving infrastructure is bringing along many MNCs that are migrating to the city that will definitely offer jobs and employment to people.

Property in Faridabad are affordable and reasonable as compared to Delhi NCR. People are heading towards Faridabad to invest in residential and commercial properties in the city. Experts believe that Faridabad is having good investment options because of excellent infrastructure, affordability and price appreciation. The major concentration of the developers are the mid-segment category as it is the preferred option of the home buyers in the city. Thus, Faridabad is the next best destination for investing in the residential and commercial properties .

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