Articles
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Real estate scenario Faridabad
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It should be noted that property in the National Capital Region (NCR), of which Faridabad is also a part, is becoming a prized possession increasingly.Faridabad’s strategic location and proximity to Delhi, Noida and Gurgaon will be a boon in its development. With real estate in NCR touching new highs, Faridabad tightens its grip at its position of being a growing satellite town especially if residential investments are taken into view.
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Commercial
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Faridabad has traditionally been an industrial city, with 300 large and 10,000 small scale units and the Haryana Government’s new Industrial Model Township will integrate industrial, commercial and residential facilities.
Large commercial projects in the city include Eldeco’s and the city’s first theme mall “Station 1” in Sector12, based on a steam engine! Ansal and Crown Plaza are lavishly designed malls catering to children’s entertainment and hospitality. All signature brands and lifestyle products are on display. Mall Manhattan, a Parsvanth –Landmark Builders’ joint venture in Sector 20A is popular amongst shoppers.
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Retail malls
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A few of the retail malls in Faridabad are:
- Ansal Crown Plaza Mall located in Sector 15 is a popular shopping mall.
- SRS PVR located in Sector 12.
- Shubham Tower Mall at Faridabad, on the Neelam Bata Road, is fully occupied, having Reliance Fresh as its anchor tenant.
Faridabad real estate is seeing appreciation in wake of emerging retail spaces and other construction activities. A number of malls and multiplexes are coming up in the area. Apart from the existing malls like Crown Plaza and PVR SRS malls, there are ten other malls to come up soon. Of this, there would be functional in a short span of time.
Content with its status as an industrial and residential satellite town for those who could not afford Delhi land rates, Faridabad made no attempt to woo the IT and MNC s setting up base in its neighborhood.
Enjoying the most advantageous location with Delhi, Faridabad is also very well connected to Gurgaon and Noida.
Nothing could be better than owning commercial property in Faridabad. Not only one of the main and highly established cities of Haryana, Faridabad is also one of the most developed cities in the NCR of Delhi. Commercial scenario in Faridabad has developed at a unbelievable rate and is still on the moving ahead.
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Residential
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If you are keen to invest in properties in Faridabad, then you can search through Internet for finding world class builders, constructors, promoters, real estate agents and brokers for availing you the ultimate real estate solution and best property deals at affordable rate. According to a report, because of affordable housing projects one can witness huge absorption of the same.
With Metro getting the green light to enter Faridabad, property rates that fell due to the slowdown are now expected to attract prospective buyers.
Residential real estate values have increased in the posh sectors of Faridabad especially Sector 14, 15, 16, and 17, in the range of 20-40 per cent in the last ten months, according to reports. For instance, the residential plot capital values in Sector 14 have increased from Rs 25,000 per sq. ft, in May 2007 to Rs 35,000/sq yard in February 2008.
Property values have been stable at Sector 55, 64 and 65 with the average plot capital values being in the range of Rs 15,000 – Rs 20,000/ sq yard. These all are HUDA sectors where development is very high.
Faridabad is soon going to be one of the most promising investment destinations of India.
For more information about real estate visit allsaledeals.com where you can find commercial office space for sale, residential property for sale, buy commercial properties, residential house sale.
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