Faridabad is about 25 Kilometers from Delhi and is bounded by Union Territory of Delhi (National Capital) on its north, Palwal District in the south, Gurgaon District on the west and State of Uttar Pradesh on its east. This city has grown to be the most happening city of India. The development of the city is taking new turns and reaching new heights.
Almost 80% population of this district is urbanized. Being close to Delhi and other NCR regions, it is becoming a hot destination for the real estate investments. As the area possess a proximity to Delhi and NCR region there is a rising demand for properties, advanced infrastructure, and well-connectivity with other major nearby locations. As Faridabad is enveloped with these places, it is a major hotspot for investing in to the real estate sector.
A large number of people are moving towards Faridabad in search of luxurious homes within an affordable range. The property market in Faridabad is growing due to various factors, such as infrastructural advantage, proximity to Delhi/ NCR, educational institutes, foreign investment and other amenities. The upcoming metro connectivity in Faridabad opens further scope of surging property value in the city. Infrastructure projects that will help in the development of Faridabad include the Taj Expressway, which will be near Sector 80, and a highway starting from Kalindi Kunj and running parallel to the Mathura Road that will bypass the city.
The residential and commercial properties in Faridabad are coming up with well-equipped modern amenities. The property market in Faridabad not only attracts Indian investors but also foreign investors. FDI relaxation in real estate sector makes Indian locations a top destination for foreign investment. With the booming industrial hubs, the city includes a large number of medium and small-scale industries and is opening new opportunity for many job seekers.
Faridabad property market has ample scope for new residential and commercial projects. The real estate market also offers appropriate opportunities to convert your dream of possessing a house into reality. Presence of reputed multinational companies like Eicher, Escorts, Larsen & Toubro, Goodyear, and Whirlpool, among others attracts people for employment further giving rise to the demands for residential property which leads the Non Residential Indians (NRI) choosing Faridabad as a first choice for the purpose of investment.
The property investors are witnessing a huge shift in their land preference from Delhi and other populated locations to less congested locations like Faridabad. The connectivity to progressive locations like Gurgaon, Noida and Delhi makes Faridabad a favorite destination for putting your money into the estates in demand.