#Real estate in Faridabad

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Faridabad is now an excellent destination, with outstanding city features. You will get outstanding views, industrialization, urbanization and even the support of the best schools and hospitals. The city is having many flyovers, supporting the complete conveyance support.

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Consider Investing In Faridabad When The Property Prices Are Well Within Your Reach

Faridabad is an important industrial hub in Haryana which is one of eth best areas to live in NCR. Infrastructure in Faridabad is fast improving in the last few years. It is an ideal option for investors how cannot invest in satellite towns like Noida and Gurgaon. The real estate market is affordable and has high prospects for property appreciation. With improved infrastructure and good connectivity Faridabad has become a viable option for home buyers who want to invest in property. There are several advantages of investing in Faridabad. It is close to the national capital and the property prices are low.

Attracting buyers

Mostly the mid-income segment is the large section of investors who are buying property in Faridabad. The city is fast improving on connectivity. It si connected to the Badarpur border by the metro and after the development of Gurgaon-Faridabad Expressway the property prices in the area have escalated. Realtors have predicted that with the Faridabad-Noida-Ghaziabad Expressway and KMP Expressway property prices in Faridabad will escalate. The place has large scope for price appreciation. The emerging localities in Faridabad include Sector 82, 87, 88 and Neharpar. These regions have witnessed a 30% rise in capital values in the last few years.

With strong growth potential

After price appreciation capital values in the region have reached to Rs. 4200 to Rs.4500 per square feet. Plots are available at a rate of Rs.20, 000 to Rs.30, 000 per square yard. Commercial spaces can be bought at Rs. 27, 5000 per square yard. Commercial real estate market in Faridabad is different from the neighboring areas as it is primarily an industrial center. The current demand for commercial properties has shown a dip. But realtors feel that it is not too long before the growth potential of commercial spaces too will increase. The city will soon emerge as a commercial destination too.

Recent developments

According to recent trends several IT companies want to invest in Faridabad. It is being predicted that it will soon emerge as an IT and ITES hub. Owing to its affordability and strategic location it is emerging as a popular property destination. Both small and medium enterprises want to launch their service centers in the region. With an increased number of jobs in the area there is a greater influx of professionals from the neighboring areas. The city can now boast of good connectivity with the tool link and the metro link.

Strong infrastructure

The law and order situation in the city promises a safe stay for the residents. The infrastructural developments in the city are taking place at a fast pace. The city is becoming a popular choice in the region owing to the affordable rates and good connectivity. The city boasts of business centers, swanky shopping malls and flyovers which have been constructed in the past few years. Expressways have made commuting easy. All necessary civic amenities are being provided to the residents. The drainage system has been planned well. It is ensured that there is uninterrupted water and power supply. With a budget of 40 to 55 lakhs you can easily move into Faridabad.

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