How An Industrial Town Of Faridabad Has Today Emerged As A Promising Real Estate Market



The city of Faridabad holds its significance from the era of the Mughal Dynasty to British India and present India. Shaikh Farid, a Sufi saint, founded Faridabad in the year 1607 who was also the treasurer of the Mughal Emperor Jahangir. The city is popular as a major industrial hub of Haryana as well as for its agricultural sector.

The making of Faridabad
The establishment of Faridabad by Shaikh Farīd was aimed to protect the Grand Trunk Road between Delhi and Agra. As the Mughal Dynasty ended, the city came under British rule. Post partition between India and Pakistan, India witnessed a huge influx of refugees which became a major challenge for the young government. As a result, Faridabad as a part of the district of Gurgaon was entirely remodeled by developing various industries to rehabilitate the refugees who came from Pakistan. It was on 15th August 1979 when Faridabad was declared a separate district. At present, it homes a number of industries, ranging from manufacturing to the IT sector.

Better connectivity led to rising of the real estate market in Faridabad
Faridabad's improved connectivity with cities like Delhi, Gurgaon and Noida turned out to be favourable for its realty market. A major shift has been felt from being a pure industrial town to the construction of new residential projects. The group housing society projects are commonly found in the city. Conscient Infrastructure, Arihant Infrra Realtors, Meenal Housing, MG Housing, BPTP, Omaxe, Emerald Home Developers, Ahinsha Builders, and Terra Group are some of the top real estate developers who have made a presence in the construction of residential property in Faridabad.

The real estate market found its advancement with improved connectivity brought by some major highways passing through the heart of Faridabad including NH 3, NH 4, NH 2 as well as the state highway of Faridabad – Gurgaon, and Ballabhgarh – Sohna.

How affordable are the residential flats in Faridabad?
Faridabad still remains one of the most affordable markets in the NCR belt. The price for 1BHK Flats in Faridabad start at ₹ 16* Lacs. The unit prices and apartment sizes available in the city are appropriate as per the requirements of average households.

A majority of the residential projects are primarily aimed at mid-income consumers as affordability factor while providing the best quality remains a major concern for the developers who have delivered and are constructing projects in this region. There are numbers of well established and planned localities to buy flats in Faridabad, which are progressively bringing much more advancement in the city. 

Comments

Popular posts from this blog

Noida Realty Bounce Back From Slowdown

Residential Properties In Noida