Faridabad is a major industrial
hub of Haryana contributing to nearly 50% of the total income tax collected.
Faridabad as a city takes pride in housing many residential projects such RPS Auria
Faridabad that is affordable to the middle class as well. Besides
affordability there are many other persuasive reasons as to why Faridabad is
being considered as a good investment option.
The attempt to decongest the
capital from the horde of industrial units and factories, has brought luck to
the neighboring states of Haryana and Punjab as it has given birth to newer
cities like Faridabad that is soon gaining recognition as a self-contained
city. Faridabad was initially inhabited by people who moved in because of space
constraint in the capital city or made an occupation-related move. However, the
trend has changed! The rapid development of property
in Faridabad has made the masses opt to invest in the city as a matter
of choice. To this effect property in Faridabad is reaching new heights and can
be rated at par with its neighbor cities of Gurgaon or Greater Noida.
Residential property in Faridabad is showing positive signs as many leading
builders lay their foundation in this fast developing city. This also goes to
say that by investing in residential property in Faridabad today, one can reap
great returns in future. For those who are doubtful about locking their bucks
in a property in Faridabad, read ahead to know what you will be missing.
Growth opportunities: - Faridabad is quick on its toes when it
comes to overall development. The latest move, by the Haryana State Industrial
and Infrastructural Development Corporation (HSIIDC) has only proved that the
city is getting ready for a modern future. With a view to constructing an
Industrial Model Town (IMT), it has allotted 30 plots to industrial units. When
this project is completed and gets functional, you will see all major
industries operating from one location. This will see an influx of buyers and
investors booking prime residential property in
Faridabad that share borders with IMT.
Connectivity: - Being strategically located in the midst of Noida,
Delhi and Gurgaon gives it the additional advantage of easy and convenient
commutation through road and metro. 30 minutes is all you would need to reach
Noida or Gurgaon. And for the frequent flyers, it is a relief that Faridabad is
served by the IGI airport which is only about 25kms away and can be reached in
approximately 35 minutes. Commuting within the city is made even more
convenient as major banks, hospitals and schools are situated minutes away from
any sector.
