Faridabad a major industrial city in the state of  Haryana falls in National Capital Region territory. Well connected with roads and railways and very close to south east Delhi.

Big builder have already marked their presence here and developing big projects. The lead was taken by Eros Group establishing Charmwood village as land mark in Faridabad.

Other builder such as Omaxe, BPTP, Pal, Puri, KLJ, etc. are contributing a lot to develop Faridabad a fine place to live in. There are aprrox 3000 flats ready and 30,000 flats will be ready by the end of year 2012.

Faridabad is witnessing tremendous real estate developments at Nahar par areas(sector 66 to 89). As the development is taking at very fast pace and property rates are quite affordable here, one has great opportunity to invest in. Some of the new development areas are as follow:

Surajkund Road is the most prime location as it is well developed and premium projects by national repute builders are located here. Charms wood village, Lakewood city by Eros and Omaxe Hills project by Omaxe Ltd. Prices for residential properties range from Rs.4500 to 5000/sq. ft.

Sector 19, 28, 30, 31 and 34 are located around National Highway 2, close to Badarpur Border. Residential projects Kanishka Towers, Mahindra Chloris, Sunshine Avenue, Indraprasth Apartment, SLF Apartment are offering flats in range of Rs 4000 to 4500.

Sector 48 and 49 area good location close to old Faridabad. Achievers Status Enlcave, Achievers Status Villas, SLF Indraprastha Villas and Zion Lakeview are available at the rate of Rs.2800-3800/sq. ft.

Sector 81, 82, 85, 86, 87, 88 and 89 are in the foremost part of Nahar par area and close to FNG. Many projects of builders like BPTP, Omaxe, Pal, Puri, Triveni etc. are developing projects here. The most active place and prices are ranging from Rs.1400-2900/sq. ft.

Sector 75, 76, 77, 78 and 80 are also active sectors where construction activities are happening. Residential projects BPTP Park Floors-II, BPTP The Resort, California Country, Era Redwood Residency, KLJ Greens, KLJ La Vista, Omaxe spa Village, Pal Greens, Triveni Galaxy, Zion Celeste Garden, Zion Stonecrop are priced from Rs.1400 to 2100/sq. ft.

Faridabad is a southeastern town in the state of Haryana. A new boomtown of Delhi NCR where the demand for real estate is ever increasing is none other than Faridabad. The strategic location of Faridabad also furnishes it with enormous advantages. Being in vicinity to the Capital City, its close proximity to Gurgaon and FNG(Faridabad Noida Ghaziabad expressway) connecting Faridabad to Greater Noida, Noida and Ghaziabad (in process), it is emerging one of the best destination for investment in Real Estate in Delhi NCR region and  attracts attention of people looking towards shifting in fast flourishing and attractive place.

Over the last three or four years Faridabad has undergone totally different from the Faridabad which used to be. The first township developed in Faridabad was Charmwood Village which was developed by Eros Group then Lakewood City and Greenfield Colony. There are many ongoing projects by reputed builders like BPTP , Omaxe, Eros etc..

Number of new/ready to move apartments in each location

Faridabad is witnessing huge construction activities. Sector-19, 28, 30, 31, 37, 48, 49, 63, 75, 76, 77, 78, 80, 81, 82, 85, 86, 87, 88,  89 and Suraj Kund Road are localities where new construction activities are happening at very fast pace. 30,400 residential flats will be ready in the city in next 2-3 years.  Sector-78 and 89 are most active sectors where 7 new apartments projects in each sector are going on. Rates are ranging from Rs.1450-2100/sq. ft. in these sectors. Sector 19, 28, 30, 31 and 37 are prime sectors where prices are a bit higher ranging from 3500-4500/sq. ft. Surajkund Road is the most prime area where prominent builders’ projects like Eros Group, Omaxe Ltd. are available and prices are varying from 2800-5700/sq. ft.

Number of new/ready to move apartments in each location

Details of new/ready to move residential apartments with current site photo graphs, price range, and completion year follows in next pages:

Last few years has seen a major change happening on the real estate radar of Faridabad city and city’s landscape is fast changing. What’s making it one of the hot destinations? What’s the current ground situation of residential real estate market?

Faridabad is the industrial town of Haryana and has seen growth on account of the industries in Faridabad (see inset) Focus on Infrastructure development, specially connectivity makes Faridabad a very interesting real estate destination, Faridabad is on broad gauge of railway line of New Delhi- Mumbai Line. The trains for big cities like Mumbai, Chennai, Hyderabad, etc are easily accessible from here. Delhi-Metro is likely to cover the city by 2012 as proposed by Government. Roadways services of Haryana and neighbouring states like Delhi, Uttar Pardesh and Madhya Pradesh, etc. are easily accessible. National Highway-2 (Delhi – Mathura Highway) passing through the city makes it well connected with Delhi. Faridabad, Noida Ghaziabad expressway (FNG) passing from Greater Noida will make easy connectivity to Noida, Greater Noida and Ghaziabad.

In the last 5 years, the city has experienced a big economic boom with skyscrapers, malls and architectural wonders filling the city beautifully. The malls offer a refreshing break with shopping and wholesome food and fun. Places like SRS Multiplex, Crown Plaza mall are just the beginning of an idea. 10 such malls by renowned builders like like Eldeco Station-1, Mall Manhattan by Parsavnath are in pipeline in and around Mathura Road (National Highway no.2).

AUGTICS carried out survey of residential projects that are developed by the private developers. Please note that not in distant past the real estate market was driven by re-sale of HUDA plots. But survey indicates that things are changing very fast.

Results of detailed survey

There are total 74 Residential Group Housing projects in Faridabad. Only 12 projects are completed where people are living. Other Projects are under construction and are supposed to be completed in the span of 2-3 years.

Population census – (2001- 10,54,981) projected current population 15 L

Faridabad, a part of  NCR, situated to the south of Delhi and located across the NH-2, Delhi-Madhura Highway. The city has been a hot tourist spot due to its nature filled environment. Badkal Lake and Suraj Kund are some splendid places to visit. Moreover, large Parks like Rose garden and Town Park also attract large visitors. Faridabad is an industrial town and famous for henna production on agriculture sector while tractors, motorcycles, switch gears, refrigerators, shoes and tyres are other famous industrial products of the city. The city also has a number of IT/ITes companies like Easy Infotech, Pixel India, Damco Solutions, Indiamart Intermesh Limited, NIIT centre, Telnet Technologies.

The city also has good options for education.

COLLEGES like : Niam Institute of Applied Management, , Aggarwal College, D.A.V. College, Govt. College, K.L.M Dayanand College for Women, Sarswati Mahila College etc. INSTITUTES like: YMCA Instt.of Engineering, Sudha Rustagi College Of Dental Sciences And Research, Career Institute of Tech., Echolon Institute of Engineering, Food Craft Institute, I.T.I., DAV Institute of Management, Govt. Ploytechnic, Govt. Polytechnic for Women,  Applied College Of Management & Engineering, Al-Falah School of Engg & Tech., Advanced Institute Of Tech. & Mgmt. and  Cement Research Institute, National Institute of Finance Management (M/o Finance), National Academy of Central Excise, Custom & Narcotics, Power Engineers Training Institute, Central Fertilizer Quality Control & Training Institute, Regional Directorate of Apprentice & Training(RDAT), Wireless Training Centre (Cabinet Secretarite), Oriental Insurance Staff Training College. SCHOOL:, Modern Vidya Niketan, Apeejay Sr. Sec. School,  Central School No. 1, Central School, DAV Public School, Delhi Public School, , Govt. Girl’s School, Gold field public school, Grand Columbus Public School, Manav Rachna International School, Ryan International School, St Albans School, St. John’s School, St. Anthony School, St. Joseph’s School,St. Thomas School Sh.S.D.Sr.Sec.School, Vidya Niketan

Conclusion

Amount of supply that is going to come in next few years is almost as much as what’s expected in Greater Noida. Once the planned connectivity with Gurgaon and Ghaziabad (via Grearter Noida) is done, once can expect major upward rise in the Faridabad real estate market. With adequate old and new infrastructure, education institutions and opportunities for jobs within Faridabad, will make it an attractive option for end users as well as prospective investors.