Faridabad Offers Affordable Housing

Faridabad real estate has not been able to boom inspite of proximity to major employment hubs such as Delhi, Gurgaon and Noida. This could be because of lack of infrastructure or due to neglect by the State government. Over the years Gurgaon developed as a premium realty hub whereas Faridabad properties saw no major movement. But now things are about to change as people can now find affordable properties only in Faridabad. This satellite city of Delhi offers good connectivity to other satellite cities of Delhi such as Gurgaon and Noida. 

Faridabad property is available to the middle -class man at an affordable price whereas properties price in other cities have accelerated over the past few years. Buying a Faridabad property can prove to be an extremely wise investment decision as affordable properties translates into affordable monthly EMI's. All the people who are currently paying high rents in other satellite cities of Delhi can buy Faridabad properties and choose to pay an affordable monthly EMI instead of giving rent. The city is encircled by Noida in North East, New Delhi in North, Greater Noida in East and Gurgaon in West. People living in a Faridabad properties can easily access various parts of National Capital Region. 

Buying a Faridabad property makes good sense specially for people who want own a piece of land in a metro city. Faridabad properties and houses for sale can give a good return in the next few years. Also the new government is keen to develop 100 smart cities Faridabad real estate could benefit from that as well. Also with ease in FDI norms in construction Faridabad real estate could soon prosper as their is abundance of affordable land in the city. So if you are thinking of buying an affordable house in NCR then don't think twice head towards Faridabad.

Faridabad property Infographic @Makaan.com

Faridabad Property Infographic

Faridabad Property: An Affordable Market for Real Estate

Faridabad property at Makaan.com

Faridabad scores decently high, when it comes to its potential as the next real estate hub. Given that it is not throttled with overpopulation and still carries some fresh air to breathe in. Seeing the way cities like Delhi and Gurgaon are bearing the brunt of overwhelming prices and lack of space, this city can be the next best option. Faridabad property is garnering the attention of middle-class buyers: the rates in some of its colonies are still within the reach of an average buyer. Big developers are now eying the city as their next center for floating new projects. Pick up a real estate newspaper and you will see a plethora of ads that focus on upcoming or under-development projects in various sectors of the city.

As our point of interest here is affordable properties, let's see what are the major options that offer you cost-effective houses. Palwal, Neharpar, Sainik Colony, NIT, and Surajkund are some of the localities that can offer you a 2 BHK within the price range 25-40 lacs. Palwal is situated over NH-2 and is a part of Kundli-Manesar-Palwal Expressway or Western Peripheral Expressway. This gives it an edge over other areas: a network of overpasses, underpasses, over bridges, and minor bridges imparts excellent connectivity to Delhi, Noida, and Greater Noida.  Faridabad property, especially 2 BHKs, are available in the price range 15 lacs-30 lacs.

At Neharpar, better called Greater Faridabad, comprises of sectors 75-89, and is considered a good budget area. The locality is known for rapid commercial development, skyscrapers, and wide roads. Like Palwal, its strategic location makes it easily accessible to other cities of Delhi/NCR.

Makaan.com, one of the leading India Property sites, lets user to buy, sell, or rent residential and commercial spaces in different price segments. Keep yourself informed of Faridabad property trends and be part of real estate forum, as provided by the portal.

Faridabad Property: An Economical Option for Buyers

Given a choice to buy property anywhere in Delhi/NCR, what would be your preferred location? Most votes would come for Gurgaon or Noida, Isn't it? What about Faridabad? You may seem skeptical about this city, given that only little is known about its prospect as an investment option and the other two cities take all the limelight. If you are keen on buying a property in Faridabad, there are so many factors that back the city as brining good returns.

The presence of good infrastructure has been the cornerstone for Faridabad real estate. The city houses several of central government offices, renowned manufacturing industries, and IT companies. The connectivity to the surrounding cities via NH-2 and the upcoming Yamuna Expressway that is built to relieve NH-2 of the congestion make the accessibility far too easier and less time-consuming.  So, commuting won't be an issue on day-to-day basis, if  that is an issue with you.

With some of the renowned developers like BPTP, Omaxe, Anjara, and Ansals getting a strong foothold here, the availability of flats with top-class amenities make buying apartments in Faridabad a good option. With the availability of land to develop and thinly populated localities attracting more investors, the city would soon be seeing more skyscrapers dotting the skyline.

The one thing that gives the Faridabad property an edge over other cities of NCR is the low price rates. So, affordability is the biggest factor why an average buyer can hope to buy a house here. Unlike Gurgaon and Noida where the rates are always sky-high, this city offers economical options. As more people are now seeing as one of the options, the price rates have started escalating here too. An increase of about 24% was recorded in the price rates/sq. ft in the past one year. And the price stood at Rs. 3862/sq. ft. in July, 2013, with the rest of Delhi /NCR standing at Rs. 5169. The upcoming electrification projects are going to boost the status of the city in terms of real estate. These  power plants are expected to generate1500 MW of electricity after becoming operational.

Makaan.com, a leading property portal in India, lists properties including houses, rooms, lands, office areas, shopping malls, warehouses, bungalows, villas, as advertised by the renowned developers and land owners from major cities. Buy, rent or lease the properties as per your budget requirements and other preferences.