Faridabad - one of the most sought-after locations

Investing in Faridabad now is a wise decision because the property values are going to go through the roof in coming years, say builders.

Property locations in Faridabad offer diversified investment opportunities as many residential and commercial properties are available for purchase, rent and sale. Many people are able to locate luxury villas in Faridabad within their stipulated budgets.

The reason for the growing property scene in Faridabad is attributed to many factors. First and foremost, Faridabad’s infrastructural edge provides superlative facilities to property developers in the residential and commercial sector. The big names in the sector include Vipul, SRS Group, Eros Group, BPTP, Omaxe, etc. These reputed builders offer world-class apartments for sale in faridabad.

The land crisis in Delhi and its satellite metropolitan cities has resulted in developers changing their land preference from Delhi and other thickly populated cities to Faridabad and other less populated areas.

The presence of accredited educational institutes such as the National Institute of Finance Management and DAV is another factor in the increase of Plots value in Faridabad.

The city of Faridabad is home to a number of small- and large-scale industries. The booming industrial scenario makes Faridabad the location of choice for commercial property investment. The expansion of the industrial sector has created substantial demand for residential property in Faridabad.

The proximity to metropolitan cities is an added advantage for Faridabad. Connectivity to other major cities makes Faridabad a key location for sale and purchase of property, and the scope of the city is only going to accelerate in the course of time.

Approximate property rates in Faridabad

Property rates differ according to areas in Faridabad. In Charmwood Village, the rate per sq.ft. is approximately Rs.10,500 to Rs. 11,000. In Neharpar, the value is between Rs. 3000 to Rs. 4000. Sector 46 has a land value of Rs. 5,500 to Rs. 6,500, and sector 49 is between Rs. 3,500 to Rs. 4,500. Sectors 77 and 78 have a value of Rs. 3,500 to 4,500 per Sq.Ft. Sector 82 is between Rs. 4,500 to Rs. 5,000. Sectors 88 and 89 have a value between Rs. 3,500 to Rs. 4,000 per Sq.Ft.

The FDI relaxation has attracted many foreign investments. On the whole, Faridabad is going to play a prominent role among the developing cities in India.

Courtesy :Rivr