The real estate market in the National Capital Region (NCR) is experiencing rapid growth and revival, thanks to significant infrastructural and connectivity upgrades. Faridabad, in particular, is emerging as a major real estate hub for both investors and end-users. Let's explore the key developments that are fueling growth in this city and beyond.
Greater Noida-Faridabad Transit Bridge
The Greater Noida-Faridabad Transit Bridge, built at a cost of Rs. 315 crore, spans the Yamuna River. Once operational, it will become a crucial connectivity hub for the NCR, providing direct access between Faridabad and Greater Noida and reducing travel time to just 20 minutes. This bridge will alleviate congestion on the Kalindi Kunj Flyover and the Eastern Peripheral Expressway while stimulating real estate growth across the entire stretch.
Greater Noida-Faridabad Transit Bridge
By bypassing routes through Delhi, commuters will have a direct link to Greater Noida. Additionally, the bridge will eventually connect Faridabad to National Highway 19 and potentially the Yamuna Expressway, facilitating intercity travel between Gurgaon, Faridabad, Agra, Palwal, and Mathura. As a result, the real estate market in Faridabad and Greater Faridabad, including the Neharpar region, will benefit greatly. Sectors 84, 82, and 81, which are situated near the bridge, will also experience substantial growth. Moreover, the bridge will offer proximity to the upcoming Jewar Airport from Faridabad.
Delhi-Mumbai Expressway
The construction of the Rs. 98,000 crore Delhi-Mumbai Expressway is currently underway. This expressway will connect industrial zones in the Faridabad-Sohna stretch with Mumbai and attract significant investments in industries, logistics corridors, real estate, and hospitality throughout various areas in Faridabad.
Delhi-Mumbai Expressway
FNG Expressway
The Faridabad-Noida-Ghaziabad Expressway, which is currently resuming construction, will enhance accessibility throughout the NCR by linking to the Faridabad Bypass Expressway at Shahpur. By 2026, it is expected to be fully operational.
The National Highways Authority of India (NHAI) plans to connect the FNG Expressway with the Delhi-Dehradun Expressway, further fueling the real estate market in Faridabad. Sectors in Neharpar, including Sectors 84, 81, 86, 85, and 83, will experience a boost as well. The DDA Expressway will also connect to National Highway 9 and the Northern Peripheral Expressway, transforming the FNG Expressway into a catalyst for real estate growth. This development will significantly reduce travel time between Faridabad and Noida by 45 minutes while easing congestion on several roads in Delhi.
Other Factors Behind Faridabad's Real Estate Boom
Faridabad's real estate market is thriving due to various other factors. The inauguration of the New Amrita Hospital, with 2,400 beds, by Prime Minister Narendra Modi has positioned Faridabad as home to the largest private hospital in the country, situated in Sector 88.
The Neharpar area has witnessed remarkable growth in the form of multinational corporations, medium and small-scale manufacturing entities, and other large-scale organizations. This has resulted in increased residential development, with professionals investing in Sector 81 and nearby sectors.
Faridabad offers a diverse range of real estate options, including townships, gated communities, apartments, plotted developments, and independent floors. The availability of lower-priced plots in Ghaziabad, Greater Noida, and Noida has also contributed to the residential real estate growth in Faridabad. Sectors 82, 81, and 84, in close proximity to Delhi, have experienced skyrocketing growth. Improved metro connectivity has led to a rise in commercial and residential real estate, attracting start-ups and multinational corporations to set up bases in the city.
The implementation of multiple initiatives under the Faridabad Master Plan 2031, along with developments like the Eastern Peripheral Expressway and the extension of the Delhi Metro to Raja Nahar Singh in Faridabad, has further fueled the growth of the real estate market. The upgrade of Mathura Road has also played a crucial role.
With enhanced connectivity, industrial growth, commercial expansion, ample housing supply, and a thriving residential market, Faridabad is poised to become a leading driver of growth in the NCR's real estate market.
Omaxe World Street
One outstanding development making commercial property investment in Faridabad highly lucrative is Omaxe World Street. Spanning 50 acres, this shopping mall offers 100% power backup, round-the-clock security, and excellent water and electricity supply, all at attractive prices. With a wide range of national and international brands, delicious food stalls, entertaining gaming zones, and cinema halls, Omaxe World Street attracts thousands of visitors daily.
Omaxe World Street
In conclusion, Faridabad's infrastructure developments, residential and commercial expansions, and the presence of malls like Omaxe World Street make it an ideal destination for both investors and end-users. Don't miss out on the opportunities this city has to offer. Make sure to include Faridabad in your investment portfolio.
