Faridabad, the industrial city of NCR, is now emerging as the preferred destination cities for investors as the prospects of a boom is in the air, with the encouraging growth and opportunities that was witnessed in the Gurgaon and Noida.
As Faridabad enjoys similar geographical and infrastructural benefits, there is a wider scope for Faridabad to prosper as the next happening destination of the NCR. Only recently has this third satellite town of the National Capital Region gained their resurgent interest and is fast catching up as the next hot destination. A slew of residential and commercial projects by well-known developers are on the anvil.
Appreciation in Faridabad has been no different from other NCR areas. Last year, it ranged from 40 per cent to about 110 per cent. It is the residential sector which is attracting investors as well as the actual users currently working in and around Delhi and looking for a house because of the high prices in Delhi.