Faridabad is one of the major industrial hubs in NCR. It lies on Delhi-Agra highway at a distance of 30 km from Delhi. We can say that this city enjoys a great geographical advantage of being located close to the Capital and the suburbs of Noida and Gurgaon.
In the near future, Mathura road leading up to Faridabad will emerge as a commercial corridor. It already has Delhi Metro connectivity. The city is also emerging as the NCR’s next big site for residential developments within next few years, as some of the biggest names in the real estate business have commenced projects here. This city will have very good connectivity with Kundli and other areas of NCR as it would be connected by the upcoming Kundli-Manesar-Palwal (KMP) Expressway.
Faridabad, where large scale residential and commercial development began barely six-seven years ago, has now developed into an attractive destination for end-users. With high property rates in Gurgaon and Noida, Faridabad comes as a profitable and affordable locality for real estate investors and buyers.
With the completion of the Badarpur flyover the huge traffic jams are over. The proposed FNG Expressway is being planned to link the town with Noida and Greater Noida. The other link connecting Faridabad to Gurgaon is being widened into a four-lane road.
This easy connectivity i.e. with Delhi, Noida and Gurgaon has attracted buyers, investors and developers in large numbers. The development of Mathura Road in Faridabad into a six-lane expressway and the proposed underpass at Ashram Chowk will boost connectivity in the near future.
Delhi Metro Phase III (to be completed by 2014), is already under progress, which will connect Delhi to Faridabad by linking Badarpur, NHPC Chowk, Badkal Chowk, Old Faridabad and YMCA Chowk and will bring more infrastructure development to the city.
The sectors that are being developed along this corridor are 1, 2, 8-10, 15, 28, 29, 37. The new developments which are coming up in Sectors 75–90 that lies opposite the Agra Canal are considered to be most valuable areas for real estate investment. Sectors like 87–89 have greater potential as these areas will be close to two forthcoming highways.
With an increase in this connectivity, the industrial and commercial activities are also growing at a fast pace. The administration authorities around this area are more focused on a comprehensive and multi-dimensional development of environment, infrastructure and economy.
Faridabad is already home to many