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 .
