This industrial city actually is one of the oldest India cities but it has still seen real estate development just now. It also shares borders with the capital city of India, Delhi, and is part of northern state of Haryana. Mostly an industrial hub, it has large swathes of land under agriculture. What makes people check out the properties of this city is the availability of many options; independent houses, flats, apartments and even shared accommodations are aplenty. The land resources here are not entirely exhausted either, therefore, the prices are still well within reach and there are several 1-BHK, 2-BHK flats available for rental purposes. The current situation augurs well for an investor here, because with Faridabad currently being in a phase of rapid industrialization, several people have started coming here in search of opportunities. This will help the real estate market grow in the longer run, although, currently, Faridabad is not as hot as other NCR cities like Noida, Ghaziabad and Gurgaon. The primary areas where the real estate development is at its peak are, Sector 37, 86, 87 and 88.
Proximity with Delhi has made real estate investors look up to this city with interest since it is far more economical than other NCR cities and is also just an hour’s drive from the center of Delhi. The return of investment is great in Faridabad and with Industrial Model Township and Yamuna expressway already completed, the interest has grown many folds; and the icing on the cake is the Delhi Metro’s proposed plans of covering even interior parts of Faridabad to Delhi which would bring even more people to the city which would mean bringing even more potential real estate enthusiasts here who would want to at least have a look at the city’s many offerings, to say the least.