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Real Estate Scenario in Faridabad

Real Estate in Faridabad is touching a new high. If you are planning to invest in the Faridabad property market, it's never too late. Faridabad is fast becoming a favorable destination for buyers and investors as property developers are coming up with exciting new residential and commercial projects.

Faridabad, bounded by the National Capital Territory of Delhi on its north, has been the prime real estate destination for investors in recent times. Know as the industrial township, Faridabad is witnessing steep escalation in the property and real estate market in India.

A place that was ignored by property investors earlier has suddenly become a hot spot for real estate investments. The property rates in the city had grown astronomically in less than a period of nearly 18 months. This is certainly a real estate boom time in Faridabad in and this place is enjoying rapid growth in the real estate demand.

The factors that have led to the speedy development of the region are primarily due to the reports of extending the Metro Train to Faridabad and a flyover construction at Badarpur border. There is also the taking up of two expressways namely as Western Peripheral Expressway connecting Palwal, Manesar and Sonepat in Haryana and the Western Peripheral Expressway.

In the recent real estate boom phase in India, Faridabad is also experiencing the growing demand of property from builders. Most of the residential housing is already on verge of saturation with the constant demand of residential property surrounding this city. This modern NCR township enjoys its proximity to Delhi, Gurgaon and Noida and gives shelter to many industrial houses.

There is a proposal of setting up of new Industrial Model Township (IMT) by the Haryana Government at Faridabad and Rohtak. Similar in pattern of Manesar near Gurgaon, these model townships will serve as the global model for an industrial hub. These townships will integrate industrial, commercial, residential and institutional sites for operational convenience healthy work culture.

Investment in Faridabad is the best choice for many individuals in recent times. This is the right time to buy property in Faridabad & NCR as the real estate prices are rapidly growing in demand in this area. Faridabad in the recent past has seen a lot of growth and development in its infrastructure as well as property value. Both commercial as well as residential scenario in Faridabad is buoyant and developing at a massive rate.

Also, there are lots of upcoming real estate projects in Faridabad which is contributing to the faster growth of this city. Many big builders and prominent constructors are all geared up to work on different real estate projects coming up here. Real Estate companies like Omaxe and few others have changed the image of Faridabad with modern state-of-art building and malls construction and other projects both residential as well as commercial. Residential Projects like 'The Forest' by Omaxe Real Estate Developers is a prime example of posh residential development in Faridabad.

Along with residential projects, there is also demand for commercial spaces and projects. There are few projects that are still in progress and few have been developed in Faridabad. Faridabad boasts of cool shopping arcades and malls, multiplexes, coffee houses, and fun spots. These all attributes make Faridabad an ideal place to invest and also a very propitious place for the purchase of property.

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