Yes. You are abosolutely right. With Delhi’s population today at 1.5 crore, and another 40 lakh people live in the rest of the NCR; there is a lot of demand for residential and commercial spaces.
So far Faridabad was perceived as an industrial township. Either the rich lived here or the poor. Only now is the middle-class beginning to move in. And it is the only place in the NCR where you can buy a three-bedroom apartment for Rs 40-50 lakh.
Connectivity which was a slight hitch in its development is soon to be over as a 2 km flyover is under construction which will take care of the Badarpur traffic bottleneck. Another highway is being constructed which will begin from Kalindi Kunj, go around the newly demarcated sectors of Faridabad, and end at Palwal. Hence, traffic that does not have to go into Faridabad will bypass the city altogether, thereby decongesting Mathura Road.