The National Capital Region (NCR) is witnessing unprecedented growth and revival in its real estate market, particularly on the back of major infrastructural and connectivity upgrades.
Faridabad is steadily becoming one of the biggest real estate hubs for both end-users and investors. Here are some of the key developments spurring growth in the city and beyond.
Table of Content
- Greater Noida-Faridabad Transit Bridge
- Delhi-Mumbai Expressway
- FNG Expressway
- Other Factors Behind Faridabad’s Real Estate Growth
- Omaxe World Street
Greater Noida-Faridabad Transit Bridge
The Greater Noida-Faridabad Transit Bridge has been developed for Rs. 315 crore over the River Yamuna. Once it is functional, it will be a major connectivity hub for the NCR, ensuring direct connectivity between Faridabad and Greater Noida, lowering travel time between these cities to only 20 minutes. It will decongest the Kalindi Kunj Flyover and the Eastern Peripheral Expressway while boosting real estate growth and appreciation in the whole stretch.
Commuters can bypass Delhi-based routes and directly access Greater Noida through this bridge. It will also link Faridabad to the National Highway 19 and possibly the Yamuna Expressway in the future, opening up intercity travel across Gurgaon, Faridabad, Agra, Palwal, and Mathura.
The realty market will benefit throughout Faridabad and Greater Faridabad, owing to better connectivity. The Neharpar region will also benefit from these developments. Faridabad will witness real estate growth due to its proximity to Greater Noida and Noida, while there is ample real estate supply as well. Greater Faridabad’s Sectors 84, 82, and 81 are located near the bridge and will benefit as well. The bridge will also enable proximity to the Jewar Airport from Faridabad.
The Delhi-Mumbai Expressway is being built for a cost of Rs. 98,000 crore. It is currently coming up and will link industrial zones in the Faridabad-Sohna stretch with Mumbai. This bridge will also lead to higher investments in several industries and logistics corridors along with real estate and hospitality throughout several areas in Faridabad.
The Faridabad-Noida-Ghaziabad Expressway is witnessing the resumption of work and it will eventually enable easy access throughout the NCR, linking to the Faridabad Bypass Expressway at Shahpur. It could be fully functional by 2026.
The NHAI (National Highways Authority of India) is planning to connect the FNG Expressway with the DDA (Delhi-Dehradun Expressway). This will boost real estate markets across Faridabad, including Sectors in Neharpar, including Sectors 84, 81, 86, 85, and 83.
The DDA Expressway will also connect to the National Highway 9 and the Northern Peripheral Expressway, transforming the FNG Expressway into a real estate growth facilitator in the future. It will lower traveling time from Faridabad to Noida by a whopping 45 minutes while decongesting several roads in Delhi.
Other Factors Behind Faridabad’s Real Estate Growth
Faridabad has seen the inauguration of the New Amrita Hospital with 2,400 beds by the Prime Minister of India, Narendra Modi. It will be the country’s biggest private hospital at Sector 88 in Faridabad.
The Neharpar area has already witnessed sizeable growth of MNCs, medium and small-scale manufacturing entities, and other large-scale entities. These have led to more residential development with professionals investing in Sector 81 and nearby sectors.
Faridabad also offers diverse real estate options, including townships, gated communities, apartments, plotted developments, and independent floors, which is another reason for the higher number of buyers in the city. The lower-plotted developments in Ghaziabad, Greater Noida, and Noida are another reason behind residential real estate growth in Faridabad. Sectors 82, 81, and 84 are seeing skyrocketing growth due to their proximity to Delhi. Better metro connectivity has also led to higher commercial and residential realty alike, along with more start-ups and MNCs setting up bases here.
Multiple initiatives under the Faridabad Master Plan 2031 are also enabling the growth of the real estate market. The Eastern Peripheral Expressway and the extension of the Delhi Metro to Raja Nahar Singh in Faridabad are other key developments, along with the Mathura Road upgrade.
Faridabad is expected to become a major growth-driver for the residential real estate market in the NCR, with improved connectivity, industrial growth, commercial growth, residential growth, and excellent availability of housing supply.
Omaxe World Street
Another amazing development that makes investing in Commercial property in Faridabad super profitable is the Omaxe World Street. Omaxe World Street is a shopping mall spread over 50 acres of land, with 100% power backup, round-the-clock security, water, and electricity supply all at amazing prices. This mall is visited by thousands of people on a daily basis. And why won’t people like it? After all, it offers various national and international brands with delicious food stalls, entertaining gaming zones, cinema halls and so much more.
All these developments in the infrastructure, residential places, and commercial spaces along with malls like Omaxe Street have made Faridabad an amazing place with extreme potential for both investors and end users in every way possible. So don’t miss this place and make sure you check Faridabad once for your investment portfolio.