Infrastructure in Faridabad
Faridabad is the emerging real estate destination, but it
has yet a lot of resources still left to be utilized in the
optimum way. Good connectivity and proximity to Delhi along
with initiatives from the Haryana Government can be considered
the prime factor for many spatial economic developmental changes
These changes can be seen in terms of floating of new sectors
with a public and private sector partnership; setting up new
institutional sectors; witnessing changes in the skyline by
developing a new urban development policy, adding new high-tech
electronic and communication units and IT Parks; and better
road and transport facilities.
Major infrastructural developments:
- The infrastructure of Faridabad is being overhauled, as
a 50-crore fund has been released by the government for
Cluster Development Planning.
- There has also been another significant announcement regarding
creation of Industrial Model Township by the government
on the lines of Manesar.
- Faridabad fares well among other cities when it comes
to connectivity. The city is just 10 kms away from Ashram
crossing at Mathura Road.
- Badarpur flyover is near to start, as planned by NHAI
to make national highway broad & red light free from
Ashram Crossing, towards Agra.
- It is said that the new flyover over Badarpur crossing and
an expressway linking Palwal, Manesar, Kundli, Faridabad,
Noida and Ghaziabad will provide interconnectivity among
various satellite towns.
- After Gurgaon, Metro rail's next destination is set to
- Faridabad has excellent medical facilities available at
Escorts Hospital & Research Center and Metro Heart Institute.
- Haryana Technology Park (HTP) is an approved SEZ Information Technology Park, located
only 3 kilometers (1.8 miles) from the Delhi - Faridabad border on National Highway 2. The Park
with a total covered area of 1.65 million square feet will
have 0.86 million of business space dedicated to IT/ITES
companies. Construction is scheduled to start in September
2006 and will be completed by October 2008.
Faridabad, the city of about 300 large and 10,000 small-scale
industries, has always been under-priced in spite of the geographical
advantage that it offers for being equidistant from Delhi-Gurgaon-Noida
and fairly good connectivity both by road as well as rail
route. But now the situation has been transforming with the
entry of the private players. Along with swanky residential
projects, there are a lot of commercial projects that have
got developed or are still on the progress, in Faridabad.
Many shopping arcades and malls are functional as of now and
still more are in the pipeline.
There has been a rise in the real estate prices by about 40
per cent and even more at certain places. In sectors like
21C & D, the rates have shot up by five times whereas
in NIT, Ashoka Enclave, Sector 31 & 32, the market has
registered an appreciation of 100 per cent. However, Faridabad for sure would gain even in future with property rates here
still relatively low in comparison to Gurgaon and Noida.
All this infrastructural development and real estate leaps
together they make Faridabad, a city with truly international
style of living finally finding ground to assert its rightful
place on the global map.
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