rbuying property in faridabad
TRANSCRIPT
The largest city in the state of Haryana in North India is Faridabad. It enjoys a prime location in terms of both political and geographical aspects. The city shares border with the Union Territory and National Capital of Delhi in North, Uttar Pradesh in the east and south and Gurgaon in the west.
The real estate of the city is emerging and is the favoured destination for investors due to the economic boom and job opportunities. Furthermore, the place is 25 km away from Delhi and because of the shortage of land in the capital; Faridabad will become one of the most sought after regions. When it comes to buying property in Faridabad, it is an affordable option as compared to other Delhi NCR regions.
In terms of residential and commercial property Faridabad offers a great deal to purchase, sale or rent any property. Apart from apartments one can find an array of luxury houses at affordable rates. There are various factors behind the increasing demand of buying property in Faridabad, first is the infrastructural advantage offered by the developers of both commercial as well as residential properties. Many reputed builders such as BPTP, SRS Group, Omaxe, Vipul and EROS Group, offers luxury offices, houses, shopping complexes and apartments. As the property investors are making a shift in their preferences from Delhi to Faridabad owing to Delhi’s over population, and the less congested areas that are available in Faridabad.
As Faridabad is in close proximity to some of the progressive locations such as Delhi, Gurgaon and Noida it has become a favourite destination for investment. Apart from the presence of institutes such as DAV and National Institute of Finance Management to name a few, which have given a rise to the real estate of the city. Buying property in Faridabad has also become crucial as it is a booming industrial hub with small, medium and large-scale industries. With the presence of several multinational companies like Larsen & Toubro, Whirlpool, Eicher, Goodyear, Escorts and so on that have given rise to job opportunities and to the demand of residential property. Moreover, Faridabad is in close proximity to some of the important locations and will offer metro connectivity in future. This opens the scope of surge in real estate prices of the city. Not only Indians but with the FDI relaxation the International real estate sector too has become favourable for this city. The city is also well-equipped with modern amenities such as Faridabad Cricket Association Club, Gymkhana and Charms-wood.
Buying property in Faridabad is a good option as it offers ample scope for new commercial and residential projects. However, before buying one should take some advice from property advisors who can contribute towards helping you in making the right decision while investing.
