Kabul Chawla added saying, Faridabad is an important part of Delhi NCR which comprises Gurgaon, Noida, Ghaziabad and Greater Noida. The real estate sector in and around Delhi has witnessed a surge in the last five years owing to the IT wave in the country. Faridabad, too, is experiencing considerable growth in the real estate segment and developing exponentially. It has become one of the most sought after realty destinations in the NCR.
3. Riding on fast-paced infrastructure development over
the past few years, Kabul Chawla talked about
Faridabad saying, it is well on its way to becoming a
realty hotspot in the Delhi-NCR region. The NCR
Regional Plan 2021 has projected the population of
Faridabad to grow to over 2 million in less than 10
years, thereby creating more opportunities and
brightening prospects for this burgeoning city.
Faridabad is donning a new look being an industrial
hub of the state of Haryana and due to its proximity to
the national capital, Delhi. The presence of
multinationals such as Whirlpool, Goodyear, L&T,
ABB and Indian industry giants such as Escorts,
Eicher, Cutler-Hammer and Hyderabad Asbestos have
turned Faridabad into a commercial hub and a
catchment area for residential development
4. Kabul Chawla added saying, Faridabad is an important
part of Delhi NCR which comprises Gurgaon, Noida,
Ghaziabad and Greater Noida. The real estate sector in
and around Delhi has witnessed a surge in the last five
years owing to the IT wave in the country. Faridabad,
too, is experiencing considerable growth in the real
estate segment and developing exponentially. It has
become one of the most sought after realty destinations
in the NCR.
The property market in Faridabad is witnessing a
rising trend of rapid growth and success. In fact, the
recent times of booming property market, has
transformed Faridabad into a lucrative place to buy,
sell and rent industrial and commercial property in
Delhi/NCR to land and plots in Faridabad. It is
equidistant from Gurgaon, NOIDA and South Delhi,
virtually positioning it at the centre
5. With the growing demand of property from builders
and developers, there has been a major boom in the real
estate market in Faridabad. With other real estate
markets in the NCR reaching saturation point, this city
offers unique investment opportunities and this is an
excellent time to invest in Faridabad. One of the
biggest factors responsible for Faridabad’s phenomenal
growth trajectory is its connectivity with the entire
NCR. For instance, the city is only 10km from Ashram
Crossing at Mathura Road. The opening up of the 4.4
km-long elevated six-lane road, also called the
Badarpur flyover, has not only reduced travel time but
has also eased traffic density considerably. The
Neharpar bypass road from Sector 37, which leads
directly to Ballabhgarh-Palwal, connects Faridabad
without any fuss. The Gurgaon- Faridabad Expressway
provides great connectivity between the two satellite
towns with reduced travel time. These factors have
made the land in the region more valuable and
prompted speedy development and continuous growth
of real estate infrastructure in Faridabad at an
unexpected rate.
7. BPTP owner Kabul Chawla said, BPTP Limited was one of
first few companies that had the farsightedness to gauge that
Faridabad would prove to be the future area of urban
development. BPTP has been instrumental in making
Naharpar in Faridabad a viable realty destination. BPTP’s
foresight has certainly paidoff with Faridabad poised togrow
into a city of the future. In fact, it was BPTP’s flagship
project Parklands that brought Faridabad to the forefront of
NCR real estate map, and gave it the status of a premier city.
An integrated township, Parklands pioneered features such
as power back-up and contemporary perimeter security in
Faridabad. This township offers excellent investment
opportunities pertaining to many reasons for this, the most
important being the fact the construction in this region is
newer and adheres to more modern aesthetics. Being in close
proximity to developed sectors like 14 and 15 gives this
region a far superior rate of appreciation in comparison to
other areas in the city. Well-connected and rapidly
developing, Parklands offers bright prospects to both end
users and investors.
8. Park Grandeura, a part of Parklands, already has 400
families living and enjoying a home of their own.Park
Floors has more than 40 families already residing here.
The Deck, one of the most exclusive addresses at
Parklands, is a single tower project that offers about 30
exclusive duplex apartments designed aesthetically
with a promise of exclusivity, luxury, comfort and
security.
As the name suggests, BPTP’s project The Resort
promises a vacation-like lifestyle. Located at Parklands
in Sector 75, it offers apartments spread over a 10.82
acre expanse. The apartments at The Resort feature
half-modular kitchens, air conditioned bedrooms with
built-in wardrobes and laminated wooden flooring.
9. Park Sentosa, a recently launched project is a
smart capital in the heart of Faridabad that
offers a perfect balance of exclusivity & serenity.
This group housing development feature – Sky
lounge, Sky Gym & Sky Garden, making it
Faridabad’s very own Singapore.
Other major developers that have residential
projects in the city include Omaxe, Parsvnath
Developers and Mahindra Lifespaces.