Faridabad is most commonly known for its base of industries, but it is emerging out to be one of the hottest property destinations in the NCR as well. A number of property developers have launched their projects of group housing in the Faridabad area consequently, it has emerged out as one of the most desired residential hubs. One of the main reasons why more and more investors and buyers are searching a property in Faridabad is that the prices of properties in this area are much lower than other parts of the NCR including Gurgaon and Ghaziabad. Connectivity: With the approval of metro linkage to Faridabad from Badarpur and the building up of Taj Expressway, the connectivity of the area will definitely improve and it is going to be one of the most affordable and preferable destinations in near future. Another highway has also been planned that will start from the Kalindi Kunj, will run parallel to the Mathura Road and will bypass Delhi merging in Faridabad.
This highway will reduce the traveling time to the South Delhi thus providing a fillip for those who are searching a property in Faridabad. Amenities: The Faridabad area provides some of the most lucrative infrastructure facilities such as water, drainage, sewerage and electricity in comparison to other areas. With better infrastructure, better medical competence and fast developing industry, investors and buyers have looked Faridabad forward as a lucrative investment option. Rise in Prices of properties: The prices of properties are expected to see a boost in near future; the main reasons may be improved connectivity with other areas of Delhi and NCR, construction of Delhi Metro and completion of various building projects that are still under construction. During the last 10 months, it has also been seen that the rental value has not increased significantly because most people are considering to buy properties rather than renting them due to their affordable prices and easy availability of loans. Nothing can be better than acquiring a property in Faridabad because it is one of the highest developed areas in the National Capital Regions of Delhi, India's capital.
Both residential and commercial scenario of Faridabad has recently developed at furious speed and is still continuing to develop. Being adjacent to the capital, its closeness to Delhi adds a lot of value to real estate of the area, and in addition to that, Delhi citizens visit the area often, which means that the people who have a high living standard and usually are a trendiest crowd regularly frequent it.
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