Improved infrastructure such as the Gurgaon-Faridabad expressway, six-lane Mathura Road, expansion of metro etc will drive better value creation for real estate in Faridabad.
Even though Faridabad is quite close to the National Capital Region primary triangular locations of Noida, Delhi and Gurgaon, it carries equally good connectivity options for commuters between these locations, however, despite these advantages, the place has not done so well when we compare to rise of property value in other locations of Gurgaon or Delhi.
Even though many real estate experts believe that Faridabad has got great potential to become a model city, as a destination, Faridabad has very limited infrastructure and that has made a dent on its image as a not so favorable real estate destination. This is also one of the primary reason why the city has not been able to make its mark on the real estate map of NCR region.
Even though it is a fact that there was a big chance for the IT industry to get attracted towards Faridabad, eventually the close proximity to airport and because of the better road connectivity, most of the IT and telecom industry businesses have chosen Gurgaon over Faridabad.
But many real estate experts believe that the reality market in Faridabad is set to boom now, especially with much more improved infrastructure such as the Gurgaon-Faridabad expressway, six-lane Mathura Road, the ongoing expansion of metro, and most importantly the inauguration of the Faridabad-Noida-Gaziabad expressway.
And additionally, there are a number of demands being put forward by the CREDAI that include construction of stadium and commercial establishments in Sector 79 as per the Master Plan 1991, upgradation of infrastructure, tax rebate to industrial units in Ballabgarh, and construction of sewage treatment plant for Sector 75 to 89. All these developments are set to create a better value proposition for real estate investment in Faridabad.