Understanding the dynamics of the expanding real estate sector in India is no rocket science. Perennially exploiting greener pastures, it is currently obsessed with Tier II and III cities.
Till some time ago, Faridabad was a sleepy town, oblivious to the need for growth and lost amongst the crowd of other sub-cities in the National Capital Region (NCR). While the twin towns of Gurgaon and Noida witnessed a flurry of real estate activity with heightened interest from real estate developers, Faridabad remained slow. Faridabad is currently witnessing a lot of real estate development.

This can be primarily attributed to the easy availability of land here, as compared to Gurgaon or Noida. Prices too are comfortable, for both the end-user and the investor The scenario in the property sector has undergone a vast and unexpected change over the past 24 months, with land rates jumping about six to 10 times.

Faridabad was known as the Manchester of India due to its tremendous industrial growth during 1960-80. In the Final Development Plan of Faridabad, a total of 38,744 acres of land has been proposed as the total urbanisable area out of which HUDA has so far developed 12,363 acres. Private colonisers developed about 3,400 acres by 2005.

According to the Department of Town and Country Planning, licenses for approximately 2,400 acres of plotted/group housing were applied from the middle of 2005 to the end of 2006. Out of 86 applications received from private developers to develop residential colonies, more than 75 per cent have been granted licenses from the government while the rest are being processed. HUDA has so far developed 56,073 residential plots including 20 per cent plots for the weaker sections and 5,350 industrial plots.

Faridabad is still growing. It is not only one of Delhi's suburbs but also a city in its own right with a population crossing over two million. And a large number of affluent middle class are attracted to the city. The market will mature faster than Gurgaon or Noida. However, developing Faridabad into a world class city will require co-ordination between the private sector and government agencies.

HUDA is developing Sectors 1-65, the newly formed Sectors 66-91, spread over 7,800 acres and earmarked as the R zone (residential land use) are being developed by private builders. Present perfect The city currently has a huge town park and 20 sites for shopping malls. Eight hospitals and seven colleges have already been constructed and HUDA has recently advertised the allotment of six hospital sites. The government has already approved sites for CNG stations.

In the development plan for 2021, which is under preparation, better transport facilities such as a dedicated bus corridor, cycle tracks and better pedestrian pathways will be included. Faridabad has long been plagued by problems of water, power and physical infrastructure. Coupled with an indisputable down-market tag for years, Faridabad's real estate prices refused to budge from ground zero. However, promising developments seem to be in the offing. Recently the city received a grant of Rs. 2,500 crores which will help tremendously in its growth.

A two-kilometre flyover has been announced at Badarpur, which will reduce a major part of the traffic chaos. Moreover, with the Western Peripheral Expressway linking Palwal, Manesar, Kundli, Faridabad, Noida and Ghaziabad, inter connectivity between these towns will increase. The upcoming Metro rail should also help.

The main commercial corridor, the Mathura Road stretch, is being developed into a shopping and entertainment corridor. RITES has begun work on the flyover at the Badarpur border. The Taj Expressway will touch Faridabad at Lalpur and go on to meet NH-2 at Shahpur. It will improve Faridabad's connectivity with Noida. Another highway is being planned at Kalindi Kunj, the three-laning of the Faridabad-Gurgaon road, and the widening of the Surajkund road are providing a much needed impetus to the realty growth. An international airport too has been proposed at Jhewar, and a power plant is being planned on the Palwal-Sohna road.
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  • Status of rob

    Hi
    Greetings

    ROB on bye pass road i) 1220.00 lacs between sector – 59 & CA-19748 dt.11.08.05 61, near Malerna Railway For approaches crossing, Faridabad.
    PROGRESS: 1) Work allotted amounting to Rs.932 lacs for progress.
    construction of approaches of ROB. Work of const. of blocks of RE wall is in progress & erection of penal started.

    2) Rs.1443.68 lacs deposited to Railway Deptt. for construction of Railway portion for which the tender is allotted on 16.06.09 & railway work is in progress. An amount of Rs.117.68 lacs deposited with Railway Authority on 29.07.2011. The Railway Deptt. has invited the tender for shifting the
    transmission line and the tender has been invited 3rd time and to be received and opened on 05.01.2012. The work is likely to be delayed due to shifting of transmission line by Railway Authority. Minimum 2 months time is required
    for completion of approaches after shifting of transmission lines.

    Likely Date of Completion: March 2012.. HURRAH finally after 7 Long years!!(possibly)

    HUDA BOOK OF MAJOR PROJECTS JAN 12 https://docs.google.com/file/d/0B0CW4pub6d78WGU5MldCTXBRMkNnbEdSMzk3V256Zw/edit

    Cheers
    CommentQuote
  • STATUS OF BYE PASS ROAD Sec 59 to 37

    Hi
    Greetings

    By-pass road 2nd lane Sector-59 to 37, Faridabad.
    PROGRESS: Delayed due to various hurdles at site and work is in progress and 98.50% work completed. Detailed estimate is under preparation for revised approval for the execution of pending liabilities.
    Likely Date of Completion: 30.06.2012 (Except 1100 mtr. stretch of Jhuggies and 200mtr. court stay)

    HUDA BOOK OF MAJOR WORK Jan 12 https://docs.google.com/file/d/0B0CW4pub6d78WGU5MldCTXBRMkNnbEdSMzk3V256Zw/edit

    HOPEFULLY AFTER 4 YEARS but still stretches under litigation and jhuggies not removed. Wonder why these are not moved to the EWS of private colonies, to make way for a smooth arterial road?

    Cheers
    CommentQuote
  • Originally Posted by BlessU
    Hi
    Greetings

    By-pass road 2nd lane Sector-59 to 37, Faridabad.
    PROGRESS: Delayed due to various hurdles at site and work is in progress and 98.50% work completed. Detailed estimate is under preparation for revised approval for the execution of pending liabilities.
    Likely Date of Completion: 30.06.2012 (Except 1100 mtr. stretch of Jhuggies and 200mtr. court stay)

    HUDA BOOK OF MAJOR WORK Jan 12 https://docs.google.com/file/d/0B0CW4pub6d78WGU5MldCTXBRMkNnbEdSMzk3V256Zw/edit

    HOPEFULLY AFTER 4 YEARS but still stretches under litigation and jhuggies not removed. Wonder why these are not moved to the EWS of private colonies, to make way for a smooth arterial road?

    Cheers


    Any idea when Juhggies will shift ... what is hurdle when EWS is provision.

    I personally feel bypass road with mere 40feet(wide) at Jhuggies area is going to be disaster, we cant say it bypass than it would be bye-pass
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  • nahi hat sakti jhuggis completely - unme vote banks hai - ask anyone living in delhi he will tell you how hard it is to remove sqattars

    rohit
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  • Originally Posted by BlessU
    Hi
    Greetings

    By-pass road 2nd lane Sector-59 to 37, Faridabad.
    PROGRESS: Delayed due to various hurdles at site and work is in progress and 98.50% work completed. Detailed estimate is under preparation for revised approval for the execution of pending liabilities.
    Likely Date of Completion: 30.06.2012 (Except 1100 mtr. stretch of Jhuggies and 200mtr. court stay)

    HUDA BOOK OF MAJOR WORK Jan 12 https://docs.google.com/file/d/0B0CW4pub6d78WGU5MldCTXBRMkNnbEdSMzk3V256Zw/edit

    HOPEFULLY AFTER 4 YEARS but still stretches under litigation and jhuggies not removed. Wonder why these are not moved to the EWS of private colonies, to make way for a smooth arterial road?

    Cheers


    HUDA offered them pucca houses worth a few lakhs at a monthly EMI for Rs. 4,000 but the jhuggiwalas refused it saying that they could not afford paying monthly EMI of Rs. 4,000. Well ofcourse why would they when they can live for free forever but the buzz is that if they do not agree soon, they will be forced out. :-p
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  • Originally Posted by miketest
    HUDA offered them pucca houses worth a few lakhs at a monthly EMI for Rs. 4,000 but the jhuggiwalas refused it saying that they could not afford paying monthly EMI of Rs. 4,000. Well ofcourse why would they when they can live for free forever but the buzz is that if they do not agree soon, they will be forced out. :-p



    But when is question ?? as from Delhi to GF this is main way ...jhuggies n khedi pull makes the look in first go very sort of different.

    at least can they build double road (divider wali) to address the traffic jam



    khedi pull se sec 87 tak bhi road master road mein nai hai ,,..,humm god knows kaisa hoga g faridabad
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  • Originally Posted by Komal27
    The corruption at HUDA makes even BPTP appear to be an honest builder

    Very good comparison
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  • Originally Posted by jass_s
    But when is question ?? as from Delhi to GF this is main way ...jhuggies n khedi pull makes the look in first go very sort of different.

    at least can they build double road (divider wali) to address the traffic jam



    khedi pull se sec 87 tak bhi road master road mein nai hai ,,..,humm god knows kaisa hoga g faridabad


    That's a bad question bro. You never ask "when" where the govt departments are involved.

    BTW saw most of the sector roads areas personally today. Went upto KLJ Greens and saw almost all of Neharpar today. Got told that Kheri Road will also be widened a little and repaired along with the construction of master roads.
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  • Originally Posted by Komal27
    The corruption at HUDA makes even BPTP appear to be an honest builder


    Komaljee "honest builder" wagerah man ka veham hota hai, aisi koi cheez hoti nahi. Actually sabhi chor hain same level ke. Bas apko ye decide karna hota hai ki apko kis chor ka maal pasand hai. Builder ka pet itna bada hota hai ki usme hum ap to kya poori duniya sama jaaye. EDC & IDC ke jhol me hee itna kha jate hain ki jitna hum soch bhi nahi sakte. :) :)
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  • Originally Posted by Komal27
    The corruption at HUDA makes even BPTP appear to be an honest builder


    Hi
    Greetings

    The day HUDA takes a beating from stupid builders and decides to take the builders to court, sab theek ho jayega..

    For now the few corrupt officers in HUDA are keeping the aspirations of corrupting builders alive and prospering..

    Lokayukt is a powerful tool and all facts and figures with proofs are available with none other than HUDA.. Again HUDA is run by EMPLOYEES and naukri har kisi ko pyari hoti hai.. If some associations become wiser they would start getting RTI information from HUDA and file case against corrupt officers.. Ultimately to save their jobs HUDA will be forced to take corrupt builders to court. This will happen and better happen sooner than latter..

    Cheers
    CommentQuote