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Thursday, 25 June 2015
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.
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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Wednesday, 24 September 2014
Investing in real estate is one of the popular and effective ways in which you can grow your money. Buying real estate is much more than finding the right home. It has become one of the most popular investments which individuals are opting for. You can benefit from high capital gains if you invest in the right property today. Property investment in India has been a good choice for investors. They have witnessed appreciation in property prices and high return on investment. The growth and development in the cities across the country have fueled the property prices.
A property hotspot
According to a recent study property prices in India have risen by 16.5%. Investing in property is one of the most important decisions which you have to take in your lifetime. The appreciation in property prices has caught the attention of investors across the country. In upscale places like Gurgaon and Navi Mumbai there has been an upsurge in property prices. If you cannot afford the prices of tier 1 cities you can opt for tier 2 and tier 3 cities. You can focus on cities where there is industrial and commercial development. Places like Ahmedabad have witnessed infrastructural development at a rapid pace.
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