Faridabad is Haryana’s largest city and one of the fast-developing cities of the NCR. Bordering the Indian capital New Delhi, the real estate sector in Faridabad is fast emerging as the favourite investment destination for buyers and investors. Being a major industrial hub of Haryana, there are huge job opportunities in Faridabad. Those who work in the corporate sector and other industries prefer this residential area due to its close proximity to workplaces.
The city enjoys a prime location geographically as Faridabad shares its borders with Uttar Pradesh and Gurugram and it has grown extensively in terms of infrastructure and connectivity. Because of its continuous development and booming social activities, the housing demand in the city is increasing. Several housing projects have sprung up in the city. If you are looking to buy property in Faridabad, then check out the list of some of the preferred locations in Faridabad real estate:
Due to its well-developed infrastructure, renowned educational institutions, health, and thriving industries, Neharpar, has become a hot real estate investment destination in Faridabad. Kundli-Manesar-Palwal Expressway has provided easy connectivity to this area which makes the commute easier and safer. This area is also connected to other areas such as Palwal, and Mathura through NH-2 and with Gurugram through Gurgaon-Faridabad Road. Better infrastructure and modern facilities have attracted many reputed real estate developers to develop their residential projects in this area.
There is a mix of affordable as well as luxury properties where one can easily invest here as the property price here is still at a lower end. The prices of 2BHK flats here range from Rs 20.66L – 25.25 L. Due to ample green and vast open spaces, the residential flats are equipped with all state of the art amenities like swimming pools, jogging tracks, lawns, walkways, clubs, etc. Also, this locality is a home of several industries like Yamaha and Havells which has made this area a favourite investment destination among home buyers.
Conveniently located close to South Delhi, Surajkund in Faridabad is shaping up into a prime real estate destination owing to the affordable-range properties here, and its smooth connectivity to South Delhi, Faridabad, and Gurugram.
Much known for its annual crafts fair which is held every year in the month of February, Surajkund, has also turned into a major tourist destination. It has many heritage sites such as the Sun temple and Asola Bhatti Wildlife Sanctuary. Due to the presence of these heritage sites, several good hotels, malls, and hospitals have started setting up in this area.
A four-lane highway between Gurgaon- Faridabad has reduced travel time from Surajkund to Gurugram to about 20 minutes now. The Faridabad-Gurugram metro link has been in the pipeline, which will also improve connectivity. Also, the area has one of the best green covers in the NCR map and offers the best civic amenities and wide options for daily activities like schools, hospitals, shopping malls, markets, etc. While property rates in south Delhi and Gurgaon are rocketing, Surajkund provides an attractive affordable alternative. The prices of 2BHK flats here range from Rs 20.66L – 25.25 L.
New Industrial Town (NIT)
New Industrial Town (NIT) is one of the most popular affordable real estate destinations in Faridabad due to its proximity to Ballabgarh, Old Faridabad, Delhi, and Gurugram. Water supply and electricity are provided by Municipal Corporation and Dakshin Haryana Bijli Vitran Nigam so there are no worries about basic civic amenities. Social Infrastructure in Faridabad is also robust with many reputed educational institutions, banks, hospitals, shopping malls, restaurants, and other recreational facilities available in close vicinity. While the demand for residential options keeps increasing, the number of housing projects, too, raise with several establishments. The prices of 2BHK flats here range from Rs 20.66L – 25.25 L. Those who are interested in affordable homes in close proximity to NCR and Delhi are aiming at this area.
Green Valley is a posh locality of Faridabad which enjoys excellent connectivity to South Delhi. It has easy access to Delhi Metro Railway which is also one of the major draws to this town. This is a boon for young professionals working in Delhi -NCR as their commute will be more comfortable and convenient residing here. This area is fully equipped with all the basic facilities and amenities required. The Crown Mall and the Big Bazaar is one of the popular spots in this area. The property prices are much affordable that it largely favours mid-segment buyers to invest in this area. The prices of 2BHK flats here range from Rs 15.49 L – 18.94 L.
Dayal Basti is one of the developing areas in Faridabad. The prices of 2BHK flats here range from Rs 16.76 L –20.49 L. The area is popular for its national museum and Tughlaqabad Fort Complex. Its close proximity to Old Faridabad, NIT, and Ballabgarh is creating a demand for residential developments in Dayal Basti. The presence of good educational institutions, hospitals, banks, shopping malls, and other recreational facilities are making this area more popular as a result of which this area is experiencing a huge demand from people.