The National Capital Region (NCR) is experiencing an unprecedented surge in its real estate market, driven by significant infrastructural and connectivity upgrades. Amidst this growth, Faridabad has emerged as a prominent real estate hub for both investors and end-users. Let's delve into the key developments propelling the city's growth and why it is worth considering for your investment portfolio.
Greater Noida-Faridabad Transit Bridge
One of the most pivotal developments in Faridabad is the Greater Noida-Faridabad Transit Bridge, which has been constructed over the River Yamuna at a cost of Rs. 315 crore. Once operational, this bridge will serve as a crucial connectivity hub for the NCR, providing direct access between Faridabad and Greater Noida. Commuters can expect to travel between these cities in just 20 minutes, significantly reducing travel time. Moreover, the bridge will alleviate congestion at the Kalindi Kunj Flyover and Eastern Peripheral Expressway while driving real estate growth and appreciation throughout the entire stretch.
Image: Greater Noida-Faridabad Transit Bridge
The bridge's strategic location also enables easy access to Greater Noida, National Highway 19, and potentially the Yamuna Expressway in the future. This opens up intercity travel across Gurgaon, Faridabad, Agra, Palwal, and Mathura. As a result, real estate across Faridabad and Greater Faridabad, including the Neharpar region, will witness significant growth. Sectors 84, 82, and 81 in Greater Faridabad, being in close proximity to the bridge, will particularly benefit. Notably, the bridge will also enhance connectivity to the upcoming Jewar Airport from Faridabad.
Delhi-Mumbai Expressway
The ongoing construction of the Delhi-Mumbai Expressway, with a total investment of Rs. 98,000 crore, is another major catalyst for real estate growth in Faridabad. This expressway will connect industrial zones in the Faridabad-Sohna stretch with Mumbai, attracting higher investments in various industries, logistics corridors, and real estate and hospitality ventures across Faridabad.
Image: Delhi-Mumbai Expressway
FNG Expressway
The Faridabad-Noida-Ghaziabad Expressway, currently undergoing work resumption, promises seamless connectivity throughout the NCR. It will link to the Faridabad Bypass Expressway at Shahpur and is expected to be fully functional by 2026. The National Highways Authority of India (NHAI) plans to connect the FNG Expressway with the Delhi-Dehradun Expressway, resulting in a significant boost to real estate markets across Faridabad, including sectors in Neharpar such as 84, 81, 86, 85, and 83. The DDA Expressway, in turn, will connect Faridabad to the National Highway 9 and the Northern Peripheral Expressway, transforming the FNG Expressway into a catalyst for future real estate growth. Furthermore, it will reduce travel time from Faridabad to Noida by approximately 45 minutes, alleviating traffic congestion in Delhi.
Other Factors Behind Faridabad's Real Estate Growth
Faridabad's real estate potential extends beyond improved connectivity. The recent inauguration of the New Amrita Hospital by Prime Minister Narendra Modi, with a staggering 2,400 beds, positions Faridabad as a healthcare destination. The Neharpar area has also witnessed substantial growth in multinational corporations, medium and small-scale manufacturing entities, and other large-scale organizations. This has fueled residential development, attracting professionals to invest in sectors like 81 and its neighboring areas.
Faridabad offers a diverse range of real estate options, including townships, gated communities, apartments, plotted developments, and independent floors. This variety of choices, coupled with lower-plotted developments in nearby areas like Ghaziabad, Greater Noida, and Noida, has contributed to a surge in residential real estate growth. Sectors 82, 81, and 84, enjoying close proximity to Delhi, have experienced remarkable growth. Furthermore, improved metro connectivity has catalyzed both commercial and residential realty sectors, drawing in startups and multinational corporations.
The Faridabad Master Plan 2031 and other initiatives are set to drive the city's real estate market forward. The Eastern Peripheral Expressway, the extension of the Delhi Metro to Raja Nahar Singh in Faridabad, and the Mathura Road upgrade are among the key developments further amplifying Faridabad's growth potential. With enhanced connectivity, industrial and commercial expansion, residential growth, and ample housing supply, Faridabad is poised to become a major driver of the residential real estate market in the NCR.
Omaxe World Street - A Profitable Commercial Investment
An exciting development that adds value to investing in commercial property in Faridabad is Omaxe World Street. This sprawling shopping mall sprawls over 50 acres of land, offering 100% power backup, round-the-clock security, and seamless water and electricity supply. Omaxe World Street attracts thousands of visitors daily with its vast array of national and international brands, delightful food stalls, entertaining gaming zones, and cinema halls. This thriving destination presents an excellent opportunity for investors seeking profitability and growth.
Image: Omaxe World Street
In conclusion, Faridabad's real estate market is experiencing a meteoric rise, fueled by infrastructure development, residential expansion, and the presence of commercial landmarks like Omaxe World Street. This city holds immense potential for both investors and end-users seeking profitable and rewarding investments. So, seize the opportunity and explore Faridabad for your investment portfolio.
