Affordable prices and closeness to workplaces in Gurgaon, Delhi and Greater Noida is contributing towards the rise in the residential property in Faridabad. The upcoming metro and modernization of the Mathura Road increases the demand of real estate in Faridabad. There are many places in Faridabad that are witnessing remarkable increase in prices of property due to its increasing demand. Places like Surajkund, Nehrapur, Badarpur and others are gaining a lot of popularity amongst the investors and end-users, even the builders are heading towards this region of the area.
Amongst these places, Surajkund is said to be an industrial town. It has great connectivity to south Delhi which is the prime reason for the increase in the real estate market in Surajkund. This area is said to be green and has affordable apartments and undoubted place benefit. The town is easily accessible from Gurgaon-Faridabad road and Mehrauli-Badarpur road. Another town named Nehrapur is also emerging as the cities like Gurgaon or Noida. The Kundli-Manesar-Palwal Expressway will connect Nehrapur to Delhi and Gurgaon. The investors have already begun buying property in this town since they are witnessing the real estate prospects in this developing area. Developers believe that there is great return on investment in the town.
There is a huge demand of property in Faridabad as there are many localities in the city which has all the basic amenities that is bringing them in high demand. Also, there is good hike in the prices in many localities due to their increased demands as they are providing good infrastructure and other facilities like water and power supply, sewage management. Also, many new and developing areas are picking up pace and the construction is taking place in full-swing in these areas. Places with close proximity to Old Faridabad is also on its way to good and modern infrastructure. The city is coming up with some good schools, colleges and hospitals in and around the city.The return on investment is very high in these areas.
There is an increasing demand of office spaces in these localities as more industries are heading towards these regions. The Municipal Corporation of Faridabad is providing the basic amenities like water which is working towards the betterment of infrastructure of the city.
Currently, property in Faridabad is appreciating especially in commercial and residential areas. Buyers are showing a keen interest in these properties in the city.People who are looking for long-term investment at affordable price are heading their way to Faridabad since there definitely be an increase in the prices of real estate sector in Faridabad.
Source : articlesbase.com
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