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Faridabad , an industrial hub of Haryana, is now considered one of the best bets for safe living in the NCR. With improving infrastructure, Faridabad has transformed into a booming economic warehouse, and, a recent study has projected this old industrial city as the country's 'city of the decade 2011-21 '.
Futuristic developments
Located 25km from Delhi (ISBT), Faridabad is now emerging as the preferred destination for investors as there are huge prospects of economic boom in the air. The land crunch in Delhi is one of the primary factors for rocketing prices in the NCR, riding on the back of an insatiable demand.
Faridabad flats in as a panacea for such problem. The industrial city enjoys geographical and infrastructural advantages and there is a wider scope for real estate development here. The city has the merit of proximity to Delhi, as well as the NCR cities of Greater Noida and Gurgaon. These factors are driving end users, investors and corporates to choose Faridabad as a potential booming real estate destination.
The administration is focused on a comprehensive and multi-dimensional development of the environment, infrastructure and economy. The stakeholders here are unanimous that Faridabad must be transformed into be a model town, whose ascending economic prowess is matched by modern, efficiently managed urban services.
The stakeholders perceive an immense growth in industrialization and expect the service delivery mechanism to be responsive to this demand. They hope to carry forward to the next step in globalization by adopting policies supportive of rapid industrialization and ward off competition from other emerging industrial hubs in the NCR. Apart from attracting many more large and medium-scale industries, the focus will also be on attracting IT and IT-enabled service industries.
Industrial set-up
Faridabad has several MNCs, ISO-based industries, medium- and small-scale manufacturing units. On the whole, the total number of small, medium and large industries in the Faridabad-Ballabgarh Complex is around 15,000. The complex provides direct and indirect employment to nearly half a million people. The place is home to many MNCs in the manufacturing sectors like Whirlpool, Goodyear, Larsen and Toubro, Asea Brown Boveri, GKN Invel, Woodward Governor, and Castrol , apart from a clutch of Indian majors like Escorts, Eicher, Cutler-Hammer , Hyderabad Asbestos, and Nuchem, which are operating in this belt.
Real estate development
Faridabad real estate boom has transformed the skyline of Faridabad in the last few years, both in commercial and residential segment, as aggressive demand pushed the construction of premium properties. The demand comes from the growth and development in Faridabad's property infrastructure as well as property value.
Surender Gupta, the chairman of Gold Souk Group, says: "We have plans to invest Rs 500 crore in residential sector in the NCR. We are embarking upon an aggressive expansion strategy to strengthen our presence in the NCR cities like Gurgaon , Noida, and the developing city of Faridabad, in the next three years."
Ravinder Taneja, the vice-chairman of TDI Group, says: "Faridabad has always been underpriced in spite of the geographical advantages it offers, being equidistant from Delhi, Gurgaon, and Noida and having fairly good connectivity with all, by road and rail route.
Check below link to view more projects in faridabad
Source:http://articles.economictimes.indiatimes.com/2012-09-01/news/33535418_1_ncr-cities-service-industries-medium-and-large-industries
Futuristic developments
Located 25km from Delhi (ISBT), Faridabad is now emerging as the preferred destination for investors as there are huge prospects of economic boom in the air. The land crunch in Delhi is one of the primary factors for rocketing prices in the NCR, riding on the back of an insatiable demand.
Faridabad flats in as a panacea for such problem. The industrial city enjoys geographical and infrastructural advantages and there is a wider scope for real estate development here. The city has the merit of proximity to Delhi, as well as the NCR cities of Greater Noida and Gurgaon. These factors are driving end users, investors and corporates to choose Faridabad as a potential booming real estate destination.
The administration is focused on a comprehensive and multi-dimensional development of the environment, infrastructure and economy. The stakeholders here are unanimous that Faridabad must be transformed into be a model town, whose ascending economic prowess is matched by modern, efficiently managed urban services.
The stakeholders perceive an immense growth in industrialization and expect the service delivery mechanism to be responsive to this demand. They hope to carry forward to the next step in globalization by adopting policies supportive of rapid industrialization and ward off competition from other emerging industrial hubs in the NCR. Apart from attracting many more large and medium-scale industries, the focus will also be on attracting IT and IT-enabled service industries.
Industrial set-up
Faridabad has several MNCs, ISO-based industries, medium- and small-scale manufacturing units. On the whole, the total number of small, medium and large industries in the Faridabad-Ballabgarh Complex is around 15,000. The complex provides direct and indirect employment to nearly half a million people. The place is home to many MNCs in the manufacturing sectors like Whirlpool, Goodyear, Larsen and Toubro, Asea Brown Boveri, GKN Invel, Woodward Governor, and Castrol , apart from a clutch of Indian majors like Escorts, Eicher, Cutler-Hammer , Hyderabad Asbestos, and Nuchem, which are operating in this belt.
Real estate development
Faridabad real estate boom has transformed the skyline of Faridabad in the last few years, both in commercial and residential segment, as aggressive demand pushed the construction of premium properties. The demand comes from the growth and development in Faridabad's property infrastructure as well as property value.
Surender Gupta, the chairman of Gold Souk Group, says: "We have plans to invest Rs 500 crore in residential sector in the NCR. We are embarking upon an aggressive expansion strategy to strengthen our presence in the NCR cities like Gurgaon , Noida, and the developing city of Faridabad, in the next three years."
Ravinder Taneja, the vice-chairman of TDI Group, says: "Faridabad has always been underpriced in spite of the geographical advantages it offers, being equidistant from Delhi, Gurgaon, and Noida and having fairly good connectivity with all, by road and rail route.
Check below link to view more projects in faridabad
| http://property.sulekha.com/faridabad-projects |
Source:http://articles.economictimes.indiatimes.com/2012-09-01/news/33535418_1_ncr-cities-service-industries-medium-and-large-industries
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