Faridabad, which sometime ago used to be a sleepy industrial town, is now buzzing with various construction activities. Located amidst lush greenery in close proximity to the historical Tughlakabad Fort and the ancient ruins of Surajkund, Faridabad is a perfect place to live and invest. With real estate in NCR touching new highs especially in Gurgaon and Noida, Faridabad is gearing itself to be counted among the best growing satellite towns for investors in residential properties.
Prices of properties in Faridabad are touching new heights and promise excellent returns on investment. With investors showing renewed interest in this area, builders have gone into an overdrive to meet the growing demand for the residential real estate. Moreover, Haryana Urban Development Authority (HUDA) has also focused its attention on the development of Faridabad.
Real estate investment in Faridabad was not considered a good option just two or three years back. Real estate investors as well as private builders used to keep away from this area. Of late Faridabad has been completely transformed into a bustling commercial city. It has become a prominent investment destination due to its proximity to Delhi and also because of the rising costs of the real estate in Gurgaon and Noida.
Staying in step with new concepts and up-gradations in Indian real estate, Faridabad is seeing new developments especially in residential segment. The first township that is being built in Faridabad is Charmwood Village. The project has been undertaken by the Eros Group. The development of other projects, Lakewood City and Greenfield Colony, is under way. All these projects are located in the vicinity of South Delhi. Besides these, many other commercial properties, developed by DLF and Omaxe, have also come up in Faridabad.
The fastest growing residential area in Faridabad is sector 43. Plots and flats in this sector are in great demand due to its proximity to the reserved forest area and the famous Surajkund complex. This sector is also close to the green belt.
Another up-coming area in Faridabad is sector-86. It is commonly known as Naharpaar as it is located across the river Yamuna. This sector is set to undergo a paradigm shift in the near future. The area has everything that can make it a favorable investment destination. Strategically located, this area is well connected with Delhi as well as the cities of Noida and Greater Noida.