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
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