FaridabadA lot is happening in terms of real estate development in Fardibard and area between Faridabad and Palwal. Lots of new residential and commercial projects have sprung up in the region which has rekindled the interest of property buyers in the region. Located 25km from Delhi (ISBT), Faridabad is now emerging as the preferred destination for investors as there are huge prospects of economic boom in the air. Housing demand, land crunch in Delhi, affordable housing, are among the few reasons that support booming property prices in the region. The industrial city enjoys the merit of proximity to Delhi, as well as the NCR cities of Greater Noida and Gurgaon. These factors are making investors and corporates choosing Faridabad as a potential booming real estate destination. Faridabad is already home to several MNCs, ISO-based industries, scores of medium- and small-scale manufacturing units. On the whole, the total number of small, medium and large industries in the Faridabad-Ballabgarh Complex is around 15,000. According to experts, Faridabad has always been underpriced in spite of the geographical advantages it offers, being equidistant from Delhi, Gurgaon, and Noida and having fairly good connectivity with all, by road and rail route. In the near future the property prices are set to go higher due to the proposed Metro rail-link and modernization of Mathura Road will enhance the prospects of Faridabad further.
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