May 20, 2014

Investment in Faridabad Realty Market

People, who do not have high budget, but want to invest in NCR for better return in future; Faridabad is the best option for them. Since the property prices in Delhi and many of its posh areas are very high, smart investor are moving to Faridabad. They have better opportunity to buy residential as well as commercial properties in many of its localities at very low prices as compared to Delhi, Gurgaon, and Noida. Located in Haryana state, Faridabad is in close proximity to South Delhi, which comes under the posh and very expensive areas in the capital city. This is one of the major factors that investors expecting more return in future with minimum investment are mulling to finalize their property deals in Faridabad.

Faridabad Realty MarketFaridabad Connectivity:

Faridabad is strategically located on NH 2, which connects it with various major place of Delhi like Kalkaji, Green Park, Defence Colony, New Friends Colony, Greater Kailash, Okhla, etc. In addition, Metro facility is available from Central Secretariat to Badarpur Border. The Violet Line has been approved to be extended from Badarpur station to Faridabad. In the first phase of this plan, metro line will be extended to 13.875 km with 9 stations.

Major Residential Localities to Invest:

The major localities for residential investment at very low price include Nehar Par Area, Green Valley, Sector 49, Sector 76, Sector 46, etc. For those who are looking for investing in posh areas, they can move to Charmwood Village,  Ashoka Enclave, Sector 21 A, Sector 21 C, Sector 16, Sector 17, Sector 15, and Green Field Colony. Property values in the aforesaid areas are as follows:

  Locality                                                                             Average Property Value (Per Sq.Ft.)

Nehar Par Area                                                                                     2500-3000
Green Valley                                                                                          3500-4750
Sector 49                                                                                              3000-4500
Sector 76                                                                                              1500-2500
Sector 46                                                                                              4000-5500
Green Field Colony                                                                               3000-4000
Ashoka Enclave                                                                                    4500-6000
Charmwood Village                                                                               7500-9000
Sector 21 A                                                                                           6000-9000        
Sector 21 C                                                                                           5000-7000
Sector 16                                                                                              3000-5000        
Sector 17                                                                                              3500-5000        
Sector 15                                                                                              3000-4500
Sector 11                                                                                              4500-6500

Following are some of the under construction residential projects in the city: 

Developer                                             Project                                                 Locality

Omaxe  Ltd                                           Spa Village                                           Sector – 78
Universal                                               Universal Greens                                   Sector - 85 & 88 
BPTP                                                    princess park                                        Sector -86 
Puri Constructions                                 The Pranayam                                       Sector 82 & 85,
Piyush Group                                        Piyush Heights                                      Sector - 89

Commercial Development:

Investment in FaridabadAlong with the development of residential projects, commercial development plays vital role in attracting realty investors in any city. There are more than 13,000 thousand small and large industries that make it the most sought after city for realty investment. A number of MNCs, corporate, and industrial giants are coming in Faridabad. Moreover, various upcoming shopping malls, entertainment centers, educational institutes, and health centers have brought this city among the hot destinations for real estate investment. The massive commercial development is supposed to uplift the property value in future. Consequently, investors can garner huge return on their property afterwards. Following are some of the prominent developers developing commercial projects in Faridabad:

Developer                                  Project                                     Locality

SRS Group                              SRS IT Tower                Main Mathura Road Faridabad Sector - 31
M.H. Group                              M B Hotel & Office         Main Mathura Road Faridabad Sector – 31
Piyush Group                          Piyush Global I               YMCA Chowk Plot No. - 5 Faridabad