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News

Real Estate FinanceWells Fargo’s former India realty investment team launching residential funds
13 Nov 2014

Capitedge India Investment Advisory, a realty fund and asset management firm floated by six former members of Indian realty team of American banking giant Wells Fargo, is coming out with a residential [ ... ]


Delhi • Real Estate NewsAmbience to invest Rs 1,950 cr on two new housing projects
11 Nov 2014

NEW DELHI: Realty firm Ambience today said it will invest about Rs 1,950 crore over the next four years to develop two luxury housing projects in Gurgaon and Noida. The Delhi-based company will develo [ ... ]


Delhi • Real Estate NewsReal-estate firm asked to pay over Rs 11 lakhs for deficiency of service
6 Nov 2014

NEW DELHI: The Delhi state consumer panel has asked real estate firm Omaxe Buildhome Pvt Ltd to pay over Rs 11 lakh to a retired Indian Airlines official after holding the realty firm of “defici [ ... ]


Delhi • Real Estate NewsFDI in real estate may double after easing of rules: NAREDCO
30 Oct 2014

NEW DELHI: Foreign direct investment (FDI) in the real estate sector could jump over two-fold in the next one year with easing of FDI rules in the construction sector, realtors’ body NAREDCO sai [ ... ]


Delhi • Real Estate NewsPM’s plan for 100 smart cities: Government set to ease norms for FDI in construction
23 Sep 2014

NEW DELHI: The Narendra Modi government is set to substantially ease norms for foreign investment in the construction sector, hoping to drum up interest in the prime minister’s plans for 100 sma [ ... ]


Delhi • Real Estate NewsIndian home prices fell most in 52 nations, says IMF
1 Sep 2014

NEW DELHI: Is India’s real estate bubble finally bursting? The International Monetary Fund’s recently-launched data series on global housing prices hints at that. Among 52 major markets fo [ ... ]


Delhi • Real Estate NewsOffice rentals may rise by 25 per cent says Cushman Wakefield
20 Aug 2014

NEW DELHI: One would imagine that office rents would go down with a strong bounceback in demand for space from corporates. Pure economics, one would think? Not really. Office rentals are likely to cli [ ... ]


Delhi • Real Estate NewsSteep rentals, lack of quality retail real estate making it tough for luxury brands to expand business in India
19 Aug 2014

MUMBAI/DELHI: Niche luxury brands like Italian suit maker Kiton and British shoemaker John Lobb have started bespoke made-to-order services in India, but they are in no hurry to open swanky stores in  [ ... ]


Property TrendsRealty boom: Developers, PEs aim at buying land parcels amid renewed hopes
12 Aug 2014

BANGALORE/MUMBAI: After a lull of nearly three years, sale of large land parcels is picking up across the country amid a general improvement in sentiment on expectations that the new government will f [ ... ]


Noida • Real Estate NewsBuilders go e-way; launch portals to let customers buy home online
21 Jul 2014

MUMBAI: Until recently, real estate portals were used by home buyers to research on floor plans and price of apartments but builders are taking this process to the next level: you can now buy a home o [ ... ]


Real Estate FinanceHDFC Property Fund raises $250 mn via offshore fund
21 Jul 2014

Bangalore/Mumbai: HDFC Property Fund, the private equity arm of Housing Development Finance Corp. Ltd, has raised $250 million (around `1,500 crore today) through an offshore fund. It hopes to raise a [ ... ]


Delhi • Real Estate NewsPlan to hive off sick PSUs’ real estate
21 Jul 2014

NEW DELHI: The government is considering a proposal to hive off real estate owned by sick public sector companies in Mumbai, Kolkata, Pune and Ahmedabad to state-owned National Buildings and Construct [ ... ]


More News

Faridabad: The Next Property Hotspot in India

Read 127 times

Tuesday, 14 July 2015

( 1 Vote )

Faridabad is fast-becoming a worthy competitor in the economic and industrial market in India. This city, the largest in Haryana, is bound by a number of key locations such as Delhi, Noida, and Gurgaon. Its geographical and infrastructural edge has, in recent times, brought a substantial change in the real estate sector of NCR.

The strong industrial growth has enabled Faridabad to emerge as a realty hotspot in NCR. The emergence of the service sector, particularly, has contributed to the development of several residential and commercial complexes in the city. Real estate developers such as BPTP, Eros Group, Omaxe, SRS Group etc. have played a major role in changing the façade of Faridabad.

 

Rising Employment Opportunities In Faridabad Boosts Its Real Estate Market

Read 126 times

Thursday, 25 June 2015

( 1 Vote )

More often than not, IT companies and MNCs decide against investing in Faridabad real estate due to its poor infrastructure and lack of proper connectivity to New Delhi. But with recent developments, Faridabad is transforming into a prominent real estate destination in India.

Faridabad is the largest city in Haryana, is part of the National Capital Region, and shares its boundaries with Delhi, Noida, Greater Noida, and Gurgaon. During the mid-90s, the city witnessed an increase in the demand for residential complexes due to the establishment of various industries. Faridabad could never attract big corporate houses, and this negatively affected Faridabad’s real estate market. However, with a slew of infrastructural developments, the region is gaining the attention of investors and employers.

Improved Connectivity

Faridabad has always been a small industrial town. Unlike Noida and Gurgaon, this city didn’t initially have good connectivity with New Delhi. As a result, the demand for commercial properties remained low, which adversely affected the real estate market of Faridabad.

With the advent of Delhi-Badarpur flyover, Faridabad-Noida-Ghaziabad Expressway, and Kundli–Manesar–Palwal Expressway, Faridabad’s connectivity to Delhi, Noida, and Gurgaon has improved substantially.

Apart from this, the government of Haryana has sanctioned a plan to extend the metro rail line from YMCA Chowk, Faridabad to Ballabgarh, which will be very beneficial for daily commuters. Owing to these reasons, IT companies have started looking for commercial spaces in this part of NCR.

 

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