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 .

Metro Improving Real Estate in Faridabad

The prices of property in Faridabad are increasing, though there will not be more than 8% increase. There is said to be high demand and more demand of property is expected this year. The experts believe that this market primarily be an end-user market.

There is a trend that is getting popular among people as they are getting out of smaller units in Delhi and moving into bigger units in Faridabad. People are either buying or renting houses for a better living. However, all this will happen only if the connectivity is supported by the industrial jobs and activities. Though experts believe that the prices may increase by 5% to 6% annually since the area still has low base.

The city has been lacking of public transport, now the real lifeline of the city will be the metro, which will automatically encourage people to move to Faridabad. Due to this major reason in a no time there will be increase in the number of people living in the city, also, more organization will move in.

Many renowned companies are coming up in Faridabad and have started developing their massive and urban projects including a lot of focus on offices spaces. These are situated near the metro stations to make it convenient for the people to commute. Faridabad also has easy accessibility to surrounding areas like Delhi and Gurgaon. This would also increase the estimation of residential and commercial property in Faridabad . It is being said that soon Faridabad will give tough competition to Delhi-NCR in the real estate sector.

Property in Faridabad are said to be reasonable but with the coming up of the metro, these prices will rise -up in no time . Both, residential and commercial properties are gaining popularity in the city and thus Property Sale in Faridabad has accelerated on an amazing rate, which will definitely rise in the future.

In the few recent years, property in Faridabad has offered ample options for fresh residential and commercial projects. These projects are giving an opportunity to the buyers to convert their dreams of owning modern and standard housing into reality. Along with this, many commercial developers are also constructing their projects on a fast pace. The real estate market in Faridabad offers multiple business opportunities. Numerous companies from all the sectors are aiming to hit Faridabad in the coming years. It can be clearly seen that property in Faridabad is increasing rapidly and there are huge employment opportunity that will come up in the city.

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