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Written by Webmaster Sunday, 11 July 2010
Neharpar, Greater Faridabad - the land of the hopefuls, has been hailed and promoted as the next hot destination in NCR by real estate gurus, builders, authorities and media, promised as the biggest and largest upcoming residential colony in the NCR region after Gurgaon and Noida. After this virgin tract of land was discovered and authorized for residential population in the last decade, there has been frenzied and rampant construction of high rise apartments and residential colonies by real estate builders, luring and enticing customers/ investors with significantly lower prices than other competing and upcoming regions, promising an upscale and higher standard of living and plush societies with substantially lower cost of living. This has been further fuelled by reports in media praising Neharpar as a great potential, a rising star in real estate.
With high hopes and aspirations to own an affordable home in the NCR region, thousands of middle class end-users and investors invested in the area, putting in all their life’s hard earned money, a common man already overburdened with high interest rates and increasing inflation, but brave enough to dream and aspire to have his own home.
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