Faridabad turns the hot destination for realty investments
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According to the sources available to www.propertykhazana.com, Faridabad is being said as NCR’s newest landmark while new localities of property and enhanced links with other cities have made it stronger. Delhi is the most beneficial area and Faridabad is also well linked to Gurgaon and Noida. The burly infrastructure package for the city comprises Taj Expressway, planned Highway from Kalindi Kunj linking to the new segments in Faridabad to connect Mathura Road and so on. With the metro connection to Delhi is on the pipeline and Faridabad is a certain stake, at present it is observing rate boom of property by as high as 100%. In the previous year property rates in this outpost town had hiked over 60-70% and in the main sectors like 15 & 16 property rates fetched to Rs. 20,000 to 22,000 per Sq.yrd and in Sector 81 & 90 the rates had hiked to Rs. 9,000-10,000 per Sq.yrd.
Disclosed source at the www.propertykhazana.com says that, city is at similarity with other NCR cities with the view to quality of construction like BPTP Parklands, Omaxe and Era Infrastructure has avant-garde housing ventures which are coming shortly. At the same time, sector 1-65 is developed by HUDA and the new sectors 66-91 are conquered by private builders. Faridabad is usually known as industrial city with 300 big and 10,000 small scale units, the Haryana Govt’s new industrial Model Township will add industrial, commercial and housing amenities in the area. Big commercial ventures comprises of Eldeco’s and the first subject mall “Station 1” in sector 12 which is based on mist engine. Ansal and Crown Plaza are generously designed malls catering to children’s entertainment and hospitality and Mall Manhattan a Parsvnath – Landmark Builders JV in Sector 20A is well-liked by shoppers.
Source: NIMMA BENGALURU
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