Apr
1
2013

Scope of Faridabad Property Market

The city of Faridabad is in Haryana and is instantly becoming an excellent portion of Delhi NCR. It truly is Haryana’s highest populated city that accounts for 60% of revenue of the state. Being the commercial hub of Haryana, Faridabad has become its massive ‘economic engine’. A few of the most crucial foundations based on this city include:

Nahar Singh Cricket Stadium,

Logistics base of Indian Air Force (IAF),

R&D center of Indian Oil Corporation Limited,

Technology center of JK Tyres & Industries Limited,

Large selection of Central Government offices, etc.

In the horde of shifting industrial units from Delhi to decongest the capital city, the nearby states like Punjab, Haryana and others have benefited lots. These benefits are extended further to the smaller cities of those nearby states like Faridabad, Gurgaon, Noida, Ghaziabad, Mohali, Chandigarh, etc. Faridabad has today, as a matter of fact, become popular for its industrial base because it have been shifted from the national capital. The town has especially had a massive boom with IT industry flourishing in while boosting the genuine estate sector with upcoming residential and commercial properties.

Faridabad is soon becoming one of the vital preferred property destinations in Delhi NCR. In its nascent stages, this is already promising a bright future with innovative present by forging an identity of its own, faraway from the shadows of Haryana. With constant efforts of presidency, the quality of living and basic amenities of town has also been improved manifold. Many flyovers, expressways like western peripheral expressway, KMP (Kundli-Manesar-Palwal) so that you can connect Palwal, Manesar and Sonepat, FNG (Faridabad-Noida-Ghaziabad) expressway in order to connect Faridabad to Noida and Ghaziabad or even Delhi Metro are being imported to Faridabad to make it better connected to Delhi and other NCR regions. This is seen in its comprehensive growth while several realty majors are creating a beeline for introducing their various projects into town.

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