Friday, April 11, 2014

Faridabad Grows up Enormously in Real Estate Sector

Having property in Faridabad can be one of the wisest decisions for any investor or end-user at present times as this location would be one of the cheapest investment that can offer best returns in near future. Though 2013 was the lowest year in terms of real estate development still Faridabad city kept attracting number of top most developments during that time. There have been huge developments in the Faridabad city like infrastructure development, metro rail service, highways, flyovers, shopping malls etc. Due to having all such plus points Faridabad is going to be the largest centre in current time next to Noida and Gurgaon.
When it comes to scope of price appreciation of property in Faridabad, there is no doubt that prices of property will touch the heights because of having close proximity to country’s capital which is possessing domestic and international airports. Apart from this, the city is best approachable city from metropolitan cities such as Noida, Gurgaon, Agra, Mathura etc. By seeing the enormous infrastructural benefits, many of the Big IT companies, MNCs, BPO companies, corporate companies etc.

Multiple residential apartments, plots, villas, independent floors have been developed in Greater Faridabad which is a newly developed area in Faridabad that covers sector-75 to 89. Most of the renowned developers such as Puri Constructions, Omaxe, Piyush Group, BPTP, SRS, RPS, Ansal Group have come up with numerous residential and commercial projects in Greater Faridabad. There are more than 100 projects that have come up in this area. Some of them have been successfully launched and some of them are yet to be launched.

Apart from all these, there are other well- established developments such as multi-storey apartments, integrated townships, business parks, malls and multiplexes, office spaces that are equipped with so many facilities. Faridabad property market has been a boon to real estate investors and investors both. Because the developments have been placed later as compare to other cities, the pricing of real estate are quite reasonable. You will have quite affordable homes in the city. From last three or four years there has been high demand factor in the area of the NCR region. So, we can say the city would be one the best dwelling options for those who are middle class working people in the cities like Delhi, Gurgaon or Noida. Since Faridabad has direct smooth connectivity with these developed cities where various multinational companies and corporate have been established here.