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Faridabad is the best place for investments..NRI are looking to invest in Faridabad property
Read more : http://property.sulekha.com/3-bhk-house-for-sale_11974582
Tuesday 24 September 2013
Faridabad is the best place for investments..NRI are looking to invest in Faridabad property
Read more : http://property.sulekha.com/3-bhk-house-for-sale_11974582
Thursday 5 September 2013
The
growth of Delhi into the NCR saw nearby areas like Noida, Greater
Noida, Gurgaon and Ghaziabad really come up. Faridabad however, lagged
behind due to poor infrastructure and neglect of basic development work.
However, recently, there has been a change with the state government showing keen interest in building up infrastructure and residential and commercial projects. Private players are also looking with interest at this area and amongst them is the Triveni group.Faridabad apartments price range is decreassed
Triveni group is a multi-faceted conglomerate with interests in diverse sectors like automobiles, entertainment, finance, media and faridabad real estate. Triveni Infrastructure Development Company Ltd., the group's flag-bearer in the real estate and entertainment sectors, is creating innovative projects with a view to redefine industry standards as well as to take people's aspirations to greater heights.
Triveni is continuously creating infrastructure and environment that exceeds imagination , not just to turn customers' dreams into reality, but to enable them to dream much bigger. This commitment has helped the group's revenues to grow from Rs 200 crores to Rs 3000 crores in a mere 4 years and to have over 10,000 satisfied customers.Faridabad plots having high priority compare to apartments
An ISO 9001:2000 company in existence since 1985, Triveni's projects include group housing projects, hotels, commercial spaces, townships and shopping malls. The company's completed projects include Triveni Paradise, Triveni Castle, Triveni Gymkhana, Triveni Orchid Tower and T3 Mall at Agra and Triveni Rangoli at Sikandra.
Ongoing projects in faridabad include Triveni Krishna Vatika at Vrindavan; Triveni Signature and Galaxy at Faridabad ; Triveni Heights at Ghaziabad and Triveni City at Agra. Forthcoming projects include deluxe apartments at Rewari; condominiums at Gurgaon; integrated township at Noida; IT Park at Greater Noida and 5 star hotel in central Delhi.
Read More:http://articles.economictimes.indiatimes.com/2007-02-03/personal-finance/27677621_1_faridabad-projects-greater-noida
However, recently, there has been a change with the state government showing keen interest in building up infrastructure and residential and commercial projects. Private players are also looking with interest at this area and amongst them is the Triveni group.Faridabad apartments price range is decreassed
Triveni group is a multi-faceted conglomerate with interests in diverse sectors like automobiles, entertainment, finance, media and faridabad real estate. Triveni Infrastructure Development Company Ltd., the group's flag-bearer in the real estate and entertainment sectors, is creating innovative projects with a view to redefine industry standards as well as to take people's aspirations to greater heights.
Triveni is continuously creating infrastructure and environment that exceeds imagination , not just to turn customers' dreams into reality, but to enable them to dream much bigger. This commitment has helped the group's revenues to grow from Rs 200 crores to Rs 3000 crores in a mere 4 years and to have over 10,000 satisfied customers.Faridabad plots having high priority compare to apartments
An ISO 9001:2000 company in existence since 1985, Triveni's projects include group housing projects, hotels, commercial spaces, townships and shopping malls. The company's completed projects include Triveni Paradise, Triveni Castle, Triveni Gymkhana, Triveni Orchid Tower and T3 Mall at Agra and Triveni Rangoli at Sikandra.
Ongoing projects in faridabad include Triveni Krishna Vatika at Vrindavan; Triveni Signature and Galaxy at Faridabad ; Triveni Heights at Ghaziabad and Triveni City at Agra. Forthcoming projects include deluxe apartments at Rewari; condominiums at Gurgaon; integrated township at Noida; IT Park at Greater Noida and 5 star hotel in central Delhi.
Read More:http://articles.economictimes.indiatimes.com/2007-02-03/personal-finance/27677621_1_faridabad-projects-greater-noida
Gurgaon, arguably India's most expensive suburb with glitzy high-rises and neon-flashing malls, could be on the road to emerging as the new equivalent to South Delhi locations. A look at the rise in property prices over the past three-four years shows why.
Apartments in Gurgaon/ New Gurgaon, which were priced at Rs 1,825 a sq ft in 2009, now have a price tag of about Rs 4,983 a sq ft, an increase of 173 per cent. In South Peripheral Road, Gurgaon, a high-growth area in the region, apartment prices have risen from Rs 2,550 a sq ft in 2009 to Rs 6,145 a sq ft, a rise of about 141 per cent, according to data provided by Prop Equity, a realty research firm.
Let's compare the rise in real estate prices in Gurgaon with that in Vasant Vihar, one of the most expensive locations in South Delhi, housing many of the city's rich and famous. In 2009, apartments in Vasant Vihar - not too far from Gurgaon - were priced at Rs 28,000-31,000 a sq ft; now, these cost Rs 35,000-50,000 a sq ft, a rise of only 61 per cent, if one considers the higher end of the price bands, according to data from international consultancy CBRE.
In South Delhi, Golf Links, Jor Bagh, and Sunder Nagar are among the areas that have seen the steepest rise in apartment prices---from Rs 44,000-48,000 in 2009 to Rs 85,000-95,000 last year, an increase of 97.9 per cent, many notches below the escalation in property prices in Gurgaon.
While the price differential between Gurgaon and the most expensive areas in South Delhi is stark (1,446 per cent if one compares Golf Links with South Peripheral Road in Gurgaon), there's little doubt that Gurgaon, the biggest investor-driven real estate market, is fast catching up with the prime locations in the capital. In fact, property prices in the Golf Course Extension in Gurgaon, which is not seeing any new launches, are close to those in some South Delhi localities.
Gurgaon, which started being developed as an industrial and information technology hub about 30 years ago, is now seen as the dream destination for investors looking for extraordinary property returns. (Click for graphs)
Although average property prices in South Delhi are three to six times more than in Gurgaon property, depending on the location, the gap is expected to narrow to two to three times in five years, says Sanjay Sharma, managing director, Qubrex, a real estate research and brokerage company.
However, experts throw in a caveat. The gap between prices in Gurgaon and South Delhi would narrow further, provided the infrastructure around the Dwarka Expressway is developed soon, says Sharma. The Dwarka Expressway, where a series of housing projects have been launched in recent months, looks promising and is expected to come up fast. However, it has been marred by litigation, delaying the progress of nearby areas.
Shweta Jain, executive director, Cushman & Wakefield, says despite the fact that the gap between property prices in South Delhi and Gurgaon has narrowed, it remains significant. She adds that on an average, the gap would remain at the same level. Only locations such as East of Kailash, Lajpat Nagar and Kailash Colony, where prices stand at Rs 22,000 a sq ft, can be compared to some areas in Gurgaon such as Golf Course Extension, she says.
"Private developers in Gurgaon are giving competition, in terms of prices, to some locations in South Delhi because of lack of infrastructure in the capital. And with Gurgaon becoming a commercial hub, people are compromising on address and preferring better facilities and amenities over a South Delhi address," she adds.
Experts also agree that Gurgaon prices are not comparable to that of South Delhi because there have been neither new launches nor many high rise apartments in the latter.
Read More:http://www.business-standard.com/article/economy-policy/gurgaon-is-the-new-south-delhi-113042800547_1.html
Apartments in Gurgaon/ New Gurgaon, which were priced at Rs 1,825 a sq ft in 2009, now have a price tag of about Rs 4,983 a sq ft, an increase of 173 per cent. In South Peripheral Road, Gurgaon, a high-growth area in the region, apartment prices have risen from Rs 2,550 a sq ft in 2009 to Rs 6,145 a sq ft, a rise of about 141 per cent, according to data provided by Prop Equity, a realty research firm.
Let's compare the rise in real estate prices in Gurgaon with that in Vasant Vihar, one of the most expensive locations in South Delhi, housing many of the city's rich and famous. In 2009, apartments in Vasant Vihar - not too far from Gurgaon - were priced at Rs 28,000-31,000 a sq ft; now, these cost Rs 35,000-50,000 a sq ft, a rise of only 61 per cent, if one considers the higher end of the price bands, according to data from international consultancy CBRE.
In South Delhi, Golf Links, Jor Bagh, and Sunder Nagar are among the areas that have seen the steepest rise in apartment prices---from Rs 44,000-48,000 in 2009 to Rs 85,000-95,000 last year, an increase of 97.9 per cent, many notches below the escalation in property prices in Gurgaon.
While the price differential between Gurgaon and the most expensive areas in South Delhi is stark (1,446 per cent if one compares Golf Links with South Peripheral Road in Gurgaon), there's little doubt that Gurgaon, the biggest investor-driven real estate market, is fast catching up with the prime locations in the capital. In fact, property prices in the Golf Course Extension in Gurgaon, which is not seeing any new launches, are close to those in some South Delhi localities.
Gurgaon, which started being developed as an industrial and information technology hub about 30 years ago, is now seen as the dream destination for investors looking for extraordinary property returns. (Click for graphs)
Although average property prices in South Delhi are three to six times more than in Gurgaon property, depending on the location, the gap is expected to narrow to two to three times in five years, says Sanjay Sharma, managing director, Qubrex, a real estate research and brokerage company.
However, experts throw in a caveat. The gap between prices in Gurgaon and South Delhi would narrow further, provided the infrastructure around the Dwarka Expressway is developed soon, says Sharma. The Dwarka Expressway, where a series of housing projects have been launched in recent months, looks promising and is expected to come up fast. However, it has been marred by litigation, delaying the progress of nearby areas.
Shweta Jain, executive director, Cushman & Wakefield, says despite the fact that the gap between property prices in South Delhi and Gurgaon has narrowed, it remains significant. She adds that on an average, the gap would remain at the same level. Only locations such as East of Kailash, Lajpat Nagar and Kailash Colony, where prices stand at Rs 22,000 a sq ft, can be compared to some areas in Gurgaon such as Golf Course Extension, she says.
"Private developers in Gurgaon are giving competition, in terms of prices, to some locations in South Delhi because of lack of infrastructure in the capital. And with Gurgaon becoming a commercial hub, people are compromising on address and preferring better facilities and amenities over a South Delhi address," she adds.
Experts also agree that Gurgaon prices are not comparable to that of South Delhi because there have been neither new launches nor many high rise apartments in the latter.
Read More:http://www.business-standard.com/article/economy-policy/gurgaon-is-the-new-south-delhi-113042800547_1.html
Tuesday 3 September 2013
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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