Faridabad, a city known to be the massive economic engine of Haryana, came into existence in the form of a purely industrial town years ago, and is now speedily heading towards the real estate sector. A large number of new residential developments are coming up, and there has been an increase in new group housing society projects. All this provides an opportunity to the investors so that they can own a house with larger residential spaces and a better lifestyle option. Further, the town’s improved connectivity with key cities in the NCR is simultaneously favorable for its realty market.
At the moment, Faridabad is an end-user/buyer market, and tends to be amongst the most affordable demands in NCR. The unit prices and the sizes of apartments are easily available to fulfill the requirements of any average householder. An additional momentum can also be witnessed in this market as it’s connectivity improves with Badarpur and Faridabad- Noida- Ghaziabad (FNG) flyover, along with the Kundli- Manesar- Palwal (KMP) Expressway.
There are some well-known developers marking their presence in the city, involving Ansal Housing, Business Park Town Planners (BPTP), Eros Group, Omaxe Residency and Puri Construction. All these builders have put various developmental projects on the table for the economic growth of the town.