Faridabad, the industrial city of the national capital region, has rapidly emerged as one of the most preferred destinations for real estate investors. The city has developed over the last five decades and has witnessed considerable rise in demand for residential property, while also offering investors constant increased returns.
No more a smoky industrial city, famous for hosting the annual Surajkund crafts fair, the place is fast transforming into a green suburb which offers economical solutions to home seekers looking to stay around Delhi. Undoubtedly, the city is on its way to make it big and would soon give stiff competition to cyber cities such as Noida and Gurgaon.
It is difficult to pin-point the factors responsible for growth of the real estate market in Faridabad, for they are myriad. It has always been a pre-eminent realty destination given that it is strategically location in Delhi’s vicinity. The last five years, however, have seen heightened activity in the city’s real estate market.